In line with latest Government’s guidelines on home moving, the housing market remains open during the national lockdown which started on 5th November 2020, and all our offices in England continue to operate. Our offices in Scotland remain in operation following the latest guidelines. Our Welsh offices resumed operations from Monday, 9th November 2020, following the latest guidance on home moving restrictions. Health and safety remains our main priority, and we continue to follow a number of strict measures to protect our customers and staff. More information

£405,000

South St, Reading RG1

£405,000

4 Bedroom Flat For Sale

South St, Reading RG1


Key features

  • Excellent location - 5 minutes walk to Central Reading
  • Comprises of 4 individual self contained units
  • All units open plan living/kitchen areas
  • Flat 4, having own separate bedroom
  • 1 car parking space available
  • Share of Freehold available
  • 999 year lease remaining - option to renew
  • Council Tax: B

Rare opportunity to acquire 4 studio flats located in a building very close to Reading Town Centre.
Comprising of 4 individual units on the first & second floors of this 3 storey building.
All rented out on individual AST's, with a combined income of £2475pcm, inclusive of all bills.
Available on an initial lease of approx. 999 years remaining, this property benefits with becoming 1 of 6 joint freeholders of the building.
Service charges that include insurance & other disbursements totalling £40 per annum.
Would be an ideal investment for an investor landlord, achieving a gross rental yield of 5.64%

Calculate your Stamp Duty

Until March 31 2021 most buyers will be exempt from paying stamp duty on the first £500,000 of the purchase price. Calculate how much Stamp Duty you would have to pay on this property by using the calculator below.

Please note: This calculator is provided as a guide only on how much stamp duty land tax you will need to pay in England and Northern Ireland. It assumes that the property is freehold and for residential purposes.

Book a viewing

Contact Martin & Co Reading

  • 21 Whitley Street
  • Reading
  • RG2 0EG

Call 0118 9312179

reading@martinco.com

Contact us now