Summary - Peregrine House, Bedwyn Mews, Reading RG2 0NZ
1 bed 1 bath Apartment
**Standout Features:**
- Impressive ground floor, one-bedroom apartment (616 sq ft)
- Private patio balcony for outdoor relaxation
- Allocated off-street parking directly outside the apartment
- Modern, well-equipped kitchen with contemporary design
- Located in the highly sought-after Kennet Island development
- Option to purchase with or without tenants, currently earning £1,200 p/m (6.8% rental yield)
- Excellent broadband and mobile signal
**Potential Downsides:**
- High crime rate in the area
- Monthly service charge of £1880 and ground rent of £350
- Electric heating may have higher running costs
Nestled in the modern Kennet Island development by Berkeley Homes, this stylish ground floor apartment offers an abundance of contemporary charm with its open plan living area that flows seamlessly to a private patio—perfect for unwinding after a long day. The well-equipped kitchen promises both style and functionality, making it an ideal space for budding chefs. It boasts excellent location benefits, situated near crucial transport links and local amenities such as cafés and stores, catering perfectly to busy professionals or investors looking for solid rental potential.
Despite the attractive features, a few considerations include the higher-than-average crime rate in the area and ongoing costs linked to service charges and ground rent. Nonetheless, with 986 years remaining on the lease, this apartment is an excellent starting point in a vibrant community or as an attractive investment opportunity. Don’t miss out; such a uniquely positioned apartment in a sought-after development is bound to attract immediate interest!
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