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Quadrant Court, Reading RG1 2 bed apartment for sale
Quadrant Court, Reading RG1
£170,000
Quadrant Court, Reading RG1
£170,000
Our Summary
- 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
- 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
- Auctioneers Additional CommentsPattinson 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 being sold via a transparent online auction
Description
This charming 2-bedroom flat is a fantastic opportunity for anyone looking to add value, whether to live in or let out. Located on the second floor, the apartment enjoys a peaceful setting with no road or traffic noise and benefits from secure, electric gates providing access to an underground parking space and lockable bike storage. The flat features a spacious lounge/diner with patio doors leading to a sunny private patio, a separate kitchen with potential for open-plan conversion, and a main bedroom with en-suite shower room. The building also offers a resident's gym, which is 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, this property offers an attractive rental potential of around £1,500 per month. The realistic asking price reflects the need for some cosmetic updating throughout, making it an excellent opportunity to create your ideal home or investment property.