Summary - THORNEY HOUSE FLAT 42 DRAKE WAY READING RG2 0GZ
2 bed 2 bath Apartment
West-facing balcony, allocated parking and secure bike storage ideal for commuters.
Two double bedrooms with ensuite to principal
Light-filled and low-maintenance, this recently renovated second-floor apartment suits a first-time buyer or investor seeking an easy-to-run home near central Reading. The open-plan living area opens onto a west-facing balcony for evening sun; integrated kitchen appliances and newly refitted flooring mean you can move straight in. The main bedroom includes fitted wardrobes and an en-suite; a second double bedroom and family bathroom complete the layout.
Practical positives include allocated off-street parking, secure communal entry, a large bike-storage room, fast broadband and an EPC rating of B. The long lease (circa 159 years) and peppercorn ground rent reduce long-term ownership uncertainty. Annual service charges run at about £2,628 (approx. £219/month) which covers communal upkeep.
Be upfront about local issues: the wider area records higher crime levels and sits in a deprived classification, which may affect some buyers and rental appeal. The property sits in an established renting-families neighbourhood with good transport links to Reading and the M4, local shops, gyms (Hilton gym discount for residents) and riverside walks, offering strong commuter convenience and rental demand potential.
For investors, a current rental estimate suggests an attractive gross yield if let; for owner-occupiers this is an easy, low-maintenance home with good energy performance and useful storage. Buyers should factor the service charge and local area profile into their decision.
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