Rented investment near hospital and The Oracle with allocated parking.
Ground-floor one-bedroom with private front door
A compact, low-maintenance one-bedroom ground-floor flat offered with a sitting tenant, making it immediately income-producing for investors. The property benefits from its own front door, allocated off-street parking and well-kept communal gardens, all within a five-minute walk of The Oracle shopping centre and Royal Berkshire Hospital.
Internally the apartment is modest in size (approximately 302 sq ft) but well presented, with a modern fitted kitchen, hardwood floors and a double bedroom with built-in storage. The long lease (999 years from 2012; 986 years remaining) and a share in the freehold reduce long-term ownership risk; service charge is £698.86 per year and there is no ground rent.
Currently let at £1,175 pcm (gross yield circa 7.23%), this is aimed at landlords seeking a secure, central-Reading rental with excellent local amenities, strong transport links and proximity to the university and hospital. Note the apartment’s small overall footprint — best suited to single occupants or couples — and that it is sold with tenancy in situ, so vacant possession would need tenant agreement or notice.
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