Summary - Riverside development, Central Reading, Berkshire, RG1 RG1 3AY
2 bed 1 bath Flat
Central waterside flat ideal for cash buyers or investors near station and shops.
Two double bedrooms with balconies and separate kitchen
Third-floor apartment with lift access and waterfront views
Secure underground parking included (garage)
Short lease reported (around 41 years) — mortgage lending likely refused
Sold with no onward chain, ready for immediate sale
Inner-city location; very high local crime and area deprivation
Constructed early 2000s; double glazing and gas central heating
Average size (approx. 777 sqft), one bathroom only
Set on the third floor of a landmark riverside development, this two-double-bedroom apartment offers a central Reading address minutes from the station and The Oracle. The layout includes a sitting/dining room with balcony, separate kitchen, master bedroom with a second balcony, and a modern bathroom. Secure underground parking and lift access add everyday convenience.
The location is the strongest asset: immediate access to transport links, shops, cafés and leisure on the waterfront makes it well placed for short-term rental or buy-to-let demand. The property is sold with no onward chain and sits in a modern development constructed in the early 2000s, with double glazing and gas central heating already in place.
Important legal and local cautions: the lease is reported as short (around 41 years remaining), which will likely prevent most mortgage lenders from lending. This substantially limits the buyer pool to cash purchasers or those able to extend the lease at additional cost. The neighbourhood is described as inner-city and deprived with a very high local crime level; these factors will influence long-term demand and rental yields.
Overall this is a convenient, well-appointed riverside flat that delivers strong location benefits but carries significant tenure and local-area risks. It will suit a cash buyer or an investor who has factored in lease extension costs and the implications of higher local crime and deprivation when assessing value and rental prospects.
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