2 Bedroom Apartment, Iliffe Close, Reading, RG1
Iliffe Close, Reading, RG1
Black & White
Chiltern Chambers, 37 St. Peters Avenue
Description
We are delighted to bring to the market, this two double bedroom apartment, which offers a different layout to most in the development thanks to its unique position in the building, on the top floor outer edge of the development meaning it benefits from no one above and no one to the side.
Comprising living/dining room, open plan kitchen with appliances, two double bedrooms with Velux windows meaning more wall space for furniture in both rooms, large bathroom with shower cubicle and bath, walk-in storage cupboard & additional utility cupboard, gas central heating & on-demand hot water via combi boiler and double glazed windows throughout. The main living and bedroom areas are carpeted & the kitchen and bathroom have ceramic tiled flooring.
Lease details: 999 Years from 2003 - 977 years remaining
Current Services Charges: £1740.08 annually payable at bi-annual intervals
Ground Rent: £200 per annum, £100 payable in Mar & Sep each year
Investment Information
Current Rent: £1350.00 (current gross yield of 6.89%)
Tenants have a contract until March 2026 (mutual 2 month break clause available from June 2025)
EPC Rating: C
Key Features
- Excellent central location close to the Oracle Shopping Centre & Reading Station
- Third Floor apartment
- Residents undercroft parking
- Lift access on all floors
- Kitchen with appliances inc full size dishwasher
- Leasehold 979 years remaining
- Investment opportunity
- Council Tax Band C, Energy Rating Band C
Property Details
- Property type: Apartment
- Price Per Sq Foot: £403
- Approx Sq Feet: 570 sqft
- Property Age Bracket: 2000s
- Council Tax Band: C
- Tenure: Leasehold
- Lease Expiry: 30/06/3002
- Ground Rent: £200.00 per year
- Service Charge: £1,704.00 per year
Floorplans
Parking Spaces
Secure gated
Capacity: 1
There is gated undercroft parking for one vehicle and communal bike storage
Location
The development is well maintained, and located just a few minutes walk from the Oracle Shopping Centre, under 15 minutes walk from Reading Mainline Station, Royal Berkshire Hospital & within easy reach of Reading University, as well access to excellent public & private transport links. There is gated undercroft parking and bike storage, lift access to all floors, Illiffe close is a mixture of apartments and houses with a communal green at it's centre.
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