Summary - THE OLD SILK MILL FLAT 42 SILK LANE TWYFORD READING RG10 9GA
1 bed 1 bath Flat
Low-maintenance one-bed with communal facilities and new heating.
Top-floor one-bedroom retirement flat, approx. 495 sq ft
Chain free with immediate occupancy potential
Brand new heating system and new water heater/boiler
Purpose-built communal facilities: lounge, salon, laundry
Ample off-street parking for residents and visitors
Leasehold: 100 years remaining (125-year original term)
High annual service charge £4,522.96 and ground rent £514.26
High flood-risk area — may affect insurance and long-term value
This top-floor one-bedroom retirement flat in The Old Silk Mill offers a low-maintenance base within a purpose-built community. The bright living room opens to a practical kitchen and the bedroom includes built-in storage, useful for downsizers seeking an easy, compact layout. Brand new heating and a new water heater give immediate comfort, and the EPC C rating is economical for a property of its age.
Communal amenities include a residents' lounge, on-site hair salon, laundry room and ample off-street parking, supporting an active social life without leaving the grounds. The development sits in a very affluent area with good local services and excellent mobile signal; nearby schools and community facilities add local convenience even though the flat itself is aimed at retirement living.
Buyers should note material facts: the flat is leasehold with 100 years remaining, a high annual service charge (£4,522.96) and an expensive ground rent (£514.26). The property is in a high flood-risk area, which may affect insurance and long-term risk. The décor is dated in places and could benefit from updating to match modern tastes.
Offered chain free, this apartment suits someone seeking a community-focused, low-maintenance retirement home with immediate comfort and communal support. It also has rental/investment potential for specialist retirement-income portfolios, but purchasers must weigh the service costs, flood risk and leasehold running costs before proceeding.
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