£320,000

2 bed flat for sale

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Leasehold

£320,000

(£505/sq. ft)

2 bed flat for sale

Verto, Kings Road, Reading RG1

2 beds
1 bath
1 reception
634 sq. ft
EPC rating: B

Key Information

Tenure:
Leasehold (245 years)
Service charge:
£2,178 per year
Council tax band:
D
Ground rent:
£333
Ground rent date of next review:
Ground rent review period:
Every 21 years

Local area information

Property location

Nearby amenities

  • St John's Church of England Primary School 0.1 miles
  • New Town Primary School 0.3 miles
  • Reading 1 mile
  • Earley 1.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Reading to find out more about the local area.

Features and description

  • Leasehold
  • Modern apartment living
  • Walking distance of Reading Train station
  • Lift access
  • Private Balcony
  • Large double master bedroom
  • Fourth floor
  • Potential gross yield of 6.4%
Offered to the market in wonderful condition is this two bedroom apartment, located on the fourth floor within the iconic Verto building - a contemporary riverside development in the heart of Reading.
The apartment boasts a well-appointed dual aspect open plan living room which has a private balcony and full height windows that allow light to flood in from its southerly aspect.
The modern open plan kitchen/living/dining area is well appointed with integrated appliances while the main bedroom complete with fitted wardrobes.
With residents' only facilities such as a lounge, and landscaped roof gardens with far-reaching views, Verto offers a convenient town centre address within a short walk of the vibrant riverside restaurants of the Oracle, Forbury Gardens and the train station.

Rental Yield

*We believe the current rental value for a furnished let would be £1700 per calendar month which based on the asking price represents a possible gross rental yield of circa 6.4%

Additional Information - Financial & Lease Info

Years remaining: 244
Service charge: £2177 annual
Ground rent: 332.50 annual
Ground rent review period: Every 21 years, in line with rpi, next review 2025

Additional Information (Part B)

Property construction – Standard form

Parking
There is no allocated parking available at the property.

Services:
Water – mains
Drainage – mains
Electricity - mains
Heating - Electric

Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)

Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”

There are some planning applications within 0.5 miles of this home

Blurred out There are some planning applications within 0.5 miles of this home information

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Floor plans and tours

Floor plans (1)

Floor plan 1

Tours (1)

1 virtual tour available

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More information

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Listed by

Haslams Estate Agents

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  1. Zoopla
  2. For sale
  3. Berkshire
  4. Reading
  5. Kings Road

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