Buy to Let Property For Sale UK

The Residences, Reading

From: £287,000
Located within 25 minutes of London
Estimated completion Q4 2020
20% deposit required
8-12% projected rental yield under AST

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Key Figures

Starting Price

Net Yield

Q3 2020
Completion 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

Google Reviews - 5 Stars - 4.5 Stars

124 City Road, London, EC1V 2NX

Please note that One Touch Property is not authorised or regulated by the Financial Conduct Authority and as such is not permitted to offer financial or investment advice to UK resident investors, whether or not the intended investments are regulated or unregulated. We strongly encourage you to consult an FCA-authorised Independent Financial Adviser before committing to any form of investment. This is not an offer to participate in a collective investment scheme as defined in section 235 of the Financial Services and Markets Act (2000) and as such investors will not have access to the Financial Services Compensation Scheme or the Financial Ombudsman Service.

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