Summary -
Flat 312,Cygnet House,Drake Way,READING,RG2 0NX
RG2 0NX
2 bed 2 bath Flat
Turnkey modern apartment with balcony and parking near transport links.
Two double bedrooms with en-suite to master
A well-presented two-bedroom, two-bath apartment on Kennet Island offering straightforward, low-maintenance living and a private balcony. The open-plan kitchen/living/dining space and en-suite master bedroom suit renters or buyers seeking modern turnkey accommodation close to Reading transport links and Green Park Business Park.
The building includes one allocated off-street parking bay, communal landscaped grounds and resident amenities such as a gym, convenience store and cycle stores. Broadband is fast and the lease is exceptionally long at 980 years, reducing typical leasehold concerns for long-term owners or investors.
Costs and practicalities are clear: service charge (circa £2,850 pa) and ground rent (£450 pa) apply, heating is by electric room heaters, and the property has an EPC C. The area shows higher crime statistics and some local deprivation indicators, which should be considered alongside the advertised gross yield of about 5.7% (current annual revenue £15.6k) when assessing investment potential.
Overall this apartment will appeal to buy-to-let investors seeking immediate income and low-management accommodation, or owner-occupiers wanting a modern, well-connected flat with long lease security. Be aware of running costs for electric heating and the service/ground rent commitments when calculating net returns or household budgets.
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