Summary - 127 FLAT 13 CASTLE HILL READING RG1 7SY
1 bed 1 bath Studio
Immediate rental income with long lease and upgrade potential for investors.
Tenant in situ generating £847.69pcm (approx 8.37% yield)
Approx 961 years remaining on a 999-year lease
Service charge £1,804.95 per annum, no ground rent
Central walking distance to town centre and mainline station
Electric room heaters; main fuel is electricity only
Victorian building, solid brick walls; likely needs modernisation
Council Tax Band A (very cheap); area crime above average
No flood risk; mobile signal excellent, broadband fast
A compact studio apartment in central Reading, offered with a tenant in situ and producing an approximate 8.37% gross yield. Located within easy walking distance of Reading town centre and the mainline station, the flat suits investors seeking immediate rental income and long lease security.
Set within a Victorian red-brick building, the property benefits from character features such as high external ceilings in parts of the block and double glazing. The lease is effectively long (approximately 961 years remaining) and there is no ground rent, providing long-term tenure certainty for buyers.
Practical considerations: the building is older and the flat will need modernisation to maximise capital growth. Heating is by electric room heaters, walls are solid brick with assumed no insulation, and the current service charge is £1,804.95 per annum. Crime levels in the area are above average — worth factoring into rental demand and insurance costs.
Overall, this is a straightforward buy-to-let proposition for an investor who wants immediate yield and long lease security, and who is comfortable budgeting for upgrades and ongoing service charges to enhance future value.
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