Summary - 10 GEORGE STREET READING RG1 7NT
1 bed 1 bath Flat
Compact first-floor Victorian flat — commuter-ready investment near Reading station..
No onward chain — immediate completion possible
Compact 1-bed, c.301 sq ft; high-ceilinged Victorian character
Walking distance to Reading station and town centre
Service charge approx £1,500 per year; ground rent £1
Lease length 103 years remaining — mortgageable term
EPC rating D (expires Oct 2026) — potential upgrade needed
Area has high crime and local deprivation — may affect demand
Kitchen/living needs modernisation to maximise rental/resale value
Set within a Victorian conversion on George Street, this compact first-floor flat presents a straightforward investment or first-step purchase with no onward chain. The open-plan living area and modern kitchen provide lettable appeal, while the rear-facing bedroom offers privacy away from the street. Proximity to Reading town centre and the station makes it attractive to commuters and short-term renters.
The apartment is small (c.301 sq ft) and benefits from high ceilings in the front rooms that add character and perceived space. Practical running costs include a current service charge of £1,500 per year and a nominal ground rent of £1. There are 103 years remaining on the lease—sufficient for mortgage finance today but worth noting for longer-term plans.
Important negatives are clear and factual: the property sits in an area with higher crime levels and local deprivation indicators, which may affect tenant demand and yields. The EPC is rated D (expires October 2026), and the kitchen/living area shows signs of being a fixer-upper — some modernisation would increase rental value and resale appeal.
This flat suits buy-to-let investors seeking a central, low-entry asset with immediate rental potential, or an owner-occupier looking for an affordable city-base close to transport links. Buyers should verify all details with their solicitor and factor in modest refurbishment and management costs when assessing returns.
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