Summary - Basement Flat, 62 South Street RG1 4RA
1 bed 1 bath Maisonette
Commuter-friendly one-bedroom near Reading station with parking and no onward chain.
- One double bedroom with en‑suite shower
- Bright open‑plan living area with integrated kitchen
- Allocated off‑street parking space to the rear
- Chain free for a quicker sale
- Main lease shown as 116 years; parking lease 72 years
- Ground rent £150 doubling every 25 years (next review 2041)
- Service charge approx. £200 per year
- Higher local crime levels; limited outside space
A well-presented one-bedroom lower-floor conversion tucked a short walk from Reading town centre. The flat offers a bright open-plan living area with integrated kitchen, a double bedroom with en‑suite shower, and allocated off-street parking — practical features for a commuter or first-time buyer.
The building retains a period red-brick frontage and the accommodation is compact but efficiently arranged, suited to single occupancy or a couple wanting easy access to Reading Mainline Station, The Oracle and local hospitals. The property is offered chain-free, so a quick move is possible.
Important tenure notes: the main lease is shown as 116 years remaining, with a service charge around £200 and ground rent £150. The ground rent doubles every 25 years (next review 2041), and the allocated parking is stated on a separate 72-year lease. These lease elements may affect mortgage availability — some lenders can be cautious where shorter or split leases exist.
Practical positives include mains gas heating, double glazing, allocated parking and a modest service charge. Drawbacks to factor into any offer: communal terrace living with limited outside space, higher local crime levels, and potential lender restrictions tied to the lease arrangements and ground rent review provisions. Buyers should commission lease, legal and mortgage checks before committing.
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