The Residences, Reading
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Key Figures
£287,000Starting Price
8%Net Yield
Q3 2020Completion Date
Property Summary
A new buy to let investment in Reading has arisen. The Residences comprises 3 x Refurbished Blocks and 1 New Build up to five floors. There is a total of 20 one-bedroom apartments, and 13 two-bedroom apartments. The Residences is a contemporary refurbishment of an iconic, prominent, landmark site, with the addition of the new build Duchess House, that is built around a tranquil courtyard in the very centre of Reading. The Residences is just 5 minutes walk to Reading Station and from there a 25 minute train journey into the very heart of London.
Property Specification
- Forest oak doors with polished chrome ironmongery, matching wrapped door-lining, architraves and skirtings
- Choice of white oak or ebony oak strip wood flooring to entrance hall, living area, dining area, kitchen and cloakroom
- Choice of carpets with underlay to bedrooms • Fitted wardrobes to master bedroom
- Double-glazed uPVC windows
- Gas fired heating system via radiators
One Touch
The Numbers
Ground Rent:0.1% of purchase price
Number of Units:20 one-bedroom and 13 two-bedroom Apartments
Service Charge:£2.00 psf
Prices:One Bedroom: from £287,000 & Two Bedroom: from £400,649
Leasehold:250 years