Summary - Flat 3, 60-62, Kings Road RG1 3AA
1 bed 1 bath Apartment
Period one-bed flat, strong central location and attractive rental yield for investors..
One double bedroom with contemporary open-plan living and kitchen
Possible gross rental yield ~7.1% at current rent of £1,100 pcm
Long lease: 999 years; ground rent peppercorn
Service charge approx. £1,200 annually (£100 pcm)
No allocated parking; on-street only
Very high local crime rates — consider management/security costs
Broadband speeds slow (ADSL); heating via electric room heaters
Period building character with modern fittings; solid brick walls (likely uninsulated)
Located on the first floor of a sympathetically converted Victorian building, this one-bedroom apartment offers a ready-made city-centre rental opportunity. The open-plan living space and well-equipped modern kitchen are practical and easy to maintain, appealing to young professionals and students who value location and convenience.
Currently let at £1,100 pcm, the property presents a possible gross yield of around 7.1% based on the asking price. With excellent access to the mainline station, the Oracle shopping and riverside amenities, demand for let tenancies in this RG1 pocket remains strong—particularly given the nearby universities and student-oriented neighbourhood.
The apartment is finished to a good standard with double glazing and a contemporary bathroom, and communal areas are well kept. Service charge and lease terms are investor-friendly: a long 999-year lease and a reasonable service charge, but note there is no allocated parking and on-street parking only.
Buyers should be aware of local area factors: crime levels are reported as very high and the wider area is classified as deprived, which may affect tenant profile and management considerations. Broadband speeds are currently slow (ADSL), heating is electric room heaters, and walls are likely uninsulated solid brick—items to factor into running costs and refurbishment plans.
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