2 Bedroom Apartment for sale in Reading
Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £190.000. Council Tax Band B
This charming 2-bedroom flat offers fantastic potential for anyone looking to add value, whether you intend to live in it personally or let it out. While some cosmetic updating is required throughout, the realistic asking price reflects this, making it an excellent opportunity to create your ideal home or investment property.Located on the second floor, this apartment enjoys a peaceful setting as it faces inward, ensuring it is much quieter than others in the building with no road or traffic noise from the main road. The flat benefits from secure, electric gates providing access to an underground parking space and lockable bike storage. The lift offers easy access directly to and from the flat, including the basement.Upon entering, you are greeted by a hallway with a convenient storage cupboard. The spacious lounge/diner features patio doors that lead out to a sunny private patio, overlooking a peaceful courtyard — a perfect spot to unwind. The separate kitchen is equipped with space for a fridge/freezer, dishwasher, washing machine, and an integrated oven/hob. It is separated by a stud wall, which could easily be removed if you prefer an open-plan layout.The main bedroom boasts its own en-suite shower room for added convenience and privacy. In addition, the building offers a resident’s gym, which is particularly popular with renters or lodgers, making this property an appealing choice for investment.With 101 years remaining on the lease, ground rent of £240 per annum, and an annual service charge of approximately £1,968 (£164 per month), this property offers an attractive rental potential of around £1,500 per month.Key Features:Second-floor flat with inward-facing position, offering peace and quietSecure underground parking and lockable bike storageLift access directly to the flat and basementSpacious lounge/diner with patio doors to sunny private patioSeparate kitchen with potential for open-plan conversionMain bedroom with en-suite shower roomResident's gym on-site, popular for renters or lodgersLeasehold with 101 years remaining, ground rent £240pa, service charge approx. £1,968paRental potential of £1,500pcm - Ideal for investors or buyers looking for a project, this property offers a great chance to add value in a well-located, secure development.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Important Information
- This is a Leasehold property.
Property Ref: 456789_SLE250054
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