Summary - FLAT 3, 46, WAYLEN STREET RG1 7UR
1 bed 1 bath Flat
Long lease, no ground rent — compact city flat with strong rental yield and station access.
One-bedroom top-floor flat with loft storage
A top-floor one-bedroom flat positioned in the heart of Reading, a short walk from the mainline station and the Oracle riverside shops. The apartment is sold with a new 999-year lease and a share of the freehold, removing ground rent and ongoing service charges — a straightforward ownership proposition.
The interior is compact and well maintained, with an open-plan living room/kitchen, good-sized bedroom, loft storage and double glazing. Electric room heaters supply warmth; the property currently has an EPC C rating. Practical features and city-centre location make it well suited to buy-to-let investors seeking strong yields or first-time buyers wanting easy access to transport and amenities.
Notable positives include a reported gross yield of 9.5%, long leasehold security, and very low immediate holding costs (no ground rent or service charge). That said, the flat has trade-offs: heating is electric room heaters (no central heating), there is no private outdoor space or garage, and ceilings in parts of the flat are relatively low. The property sits in a high-crime, deprived inner-city area — a material factor for owner-occupiers and tenants.
In short, this is a compact, well-located city flat offering long-lease security and strong rental potential, balanced by modest living space, electric heating, and local area safety considerations. Buyers should budget for potentially higher heating costs and judge location suitability against lifestyle or tenant demand.
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