Summary - Garrard House, Garrard Street, Reading RG1 1NR
1 bed 1 bath Apartment
Immediate rental income option opposite Reading station within walking distance to shops.
Top-floor one-bedroom flat with bright open-plan living area
A compact, top-floor one-bedroom apartment in Garrard House offers clear rental appeal for commuters and investors. The large open-plan living space features floor-to-ceiling windows and a modern fitted kitchen with skylight, creating bright, efficient living accommodation that’s easy to let. The flat comes with one allocated off-street parking space and secure entry-phone access, convenient for town-centre tenants.
This unit can be sold with a tenant in situ, providing immediate rental income on completion. The property sits directly opposite Reading mainline station and a short walk from the Oracle shopping centre, making it highly attractive to rail commuters and short-term professional lets. The 116 years remaining on the 125-year lease is healthy for long-term ownership under a leasehold arrangement.
Buyers should note material practicalities: the property is leasehold (ground rent £250) and heated via a community scheme, which may affect service charges and management decisions. The building sits in a city-centre, mixed-use area with limited private outdoor amenity and a very high local crime statistic, factors that could influence tenant profiles and insurance or security costs. The wider locality is classified as deprived, so consider local demand and yield versus potential voids or management overheads when valuing this purchase.
Overall, this is a straightforward, low-maintenance investment unit in a prime commuter location. It suits investors seeking immediate income and steady commuter demand, rather than buyers needing outdoor space or a family home.
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