Auction opportunity for investors seeking central location and refurbishment potential.
- One bedroom flat with vacant possession for auction sale
- Approximately 290 sq.ft: reception, kitchen, bedroom, bathroom
- Long lease: about 976 years remaining
- Central Reading location near shops and Reading station
- Period Victorian terrace; retains character features
- Requires maintenance and cosmetic refurbishment
- High local crime rate and area deprivation
- Very cheap council tax; excellent mobile and fast broadband
A compact one-bedroom flat offered with vacant possession and sold by public auction. Set within a period mid-terrace in central Reading, the flat sits close to shops, cafés and Reading station, making it suitable for short-term lets or a buy-to-let investor targeting students and young professionals. The property is held on a long lease (approximately 976 years) and comprises around 290 sq.ft: reception, kitchen, bedroom and bathroom.
The building retains Victorian character with brick elevations and period features, but the flat requires maintenance and cosmetic updating — ideal for someone prepared to refurbish to add value. Ceiling heights are standard and rooms are small to medium; refurbishment could improve layout and rental appeal. Council tax is very cheap, and mobile and broadband connectivity are strong.
Considerations: the property is sold at auction so buyers must review the legal pack and be prepared for an expedited purchase process. The immediate area is inner-city and classified as deprived with a high local crime rate; those factors will affect tenant demand and rental yields. This is a straightforward purchase for an investor or experienced buyer looking for a central, long-lease unit with refurbishment potential.
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