Chain-free one-bedroom apartment, approx. 493 sq ft
78 years remaining on lease — lenders may refuse mortgages
Allocated gated off-street parking
Service charge approx. £2,291.64 pa; ground rent £200 pa
EPC B rating; double glazing; built 2007 onwards
Electric storage heaters — potentially higher running costs
Medium flood risk; local crime rate reported as high
Short walk to Reading station, shops and leisure amenities
This fourth-floor, chain-free one-bedroom apartment offers comfortable, modern city living just a short walk from Reading station. The open-plan living/dining room, separate kitchen and 12ft bedroom provide a practical layout across approximately 493 sq ft. A Juliet balcony and large windows bring light into the living space.
Practical benefits include an EPC B rating, gated allocated off-street parking and nearby amenities: shops, cafés, the Oracle, Thames Lido and excellent rail links into London and Oxford. The building is contemporary and dates from 2007 onwards with double glazing installed.
Important considerations: the property is leasehold with 78 years remaining on a 99-year original lease. Many mortgage lenders have strict minimum-term requirements and may refuse lending on this lease — buyers should obtain mortgage confirmation or be prepared to purchase cash. Service charges average £2,291.64 per year and ground rent is £200 annually. There is a medium flood risk and the local crime rate is high; buyers should factor these into insurance and safety plans.
Heating is via electric storage heaters — suitable for low-maintenance living but with potentially higher running costs compared with gas. This apartment suits a cash buyer, investor or buyer able to secure specialist mortgage advice who values proximity to transport and town-centre amenities.
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