Summary - VALERIE COURT 8 BATH ROAD READING RG1 6HP
2 bed 2 bath Flat
Well-located ground-floor flat with parking — short lease and auction sale require cash/bridging buyers..
- Two double bedrooms, sitting/dining room
- Ground-floor flat with communal grounds
- Residents' parking plus separate garage
- Sold by modern auction — buyer fees apply
- 37-year lease remaining — lenders may refuse mortgages
- Service charge £1,302.24pa; ground rent £12pa
- Convenient walk to Reading stations and The Oracle
- Chain-free; quick 56-day completion window
A two-bedroom ground-floor flat in Valerie Court, positioned within easy walking distance of Reading town centre, The Oracle and both mainline stations. The property includes residents' parking, a separate garage and communal grounds — useful practical benefits for tenants or owner-occupiers.
This lot is being sold by modern auction. Buyers should budget for the Reservation Fee (4.2% of the purchase price, minimum £6,000) plus buyer’s fees and a £300 Buyer Information Pack. Completion is required within the 56-day reservation period; this is suitable for cash buyers or investors prepared for a fast purchase.
A significant drawback is the short lease: 37 years remaining. Many mortgage lenders will refuse to lend on this length of lease, so purchasers will likely need cash, bridging finance, or to arrange a lease extension (vendor notes an extension to 125 years is possible by separate negotiation). Service charge (£1,302.24pa) and ground rent (£12pa) apply.
Internally the flat offers a fitted kitchen, sitting/dining room, two double bedrooms, bathroom and separate shower room. The building dates from the 1960s/70s and will suit buyers seeking a well-located asset that may benefit from cosmetic updating and a lease-extension strategy to improve marketability.
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