Baron Court, Reading, RG30
£175,000
Key Information
Key Features
Description
This spacious 1-bedroom first-floor purpose-built apartment is ideal for first-time buyers or investors looking for a no-chain sale with vacant possession. Offering a freshly decorated interior & new UPVC front door, this apartment features a new, fully fitted kitchen with plenty of space for appliances. Large reception room & double bedroom both rooms are flooded with natural light from the large double-glazed windows, Bathroom with bath, w.c & wash basin. The property also comes with insulated underlay ready for new carpets, ensuring comfort, warmth & soundproofing & is double-glazed throughout. The apartment benefits from residents' parking and a garage located in a nearby block.
The lease is set at an impressive 1000 years from December 25, 1973, with a ground rent of ÂŁ86.50 every six months and current service charges of ÂŁ1093 until March 2025.
Investment Opportunity:This apartment is an excellent investment opportunity, with an estimated rental value of ÂŁ950 - ÂŁ1000pcm per month. This would provide a rental yield of approximately 6.5%, making it a strong addition to any property portfolio. The attractive price point, combined with the long lease, parking & spacious accomodation, enhances its appeal for both long-term tenants and potential capital growth.
Local Area & Transport Links:Western Elms Avenue in Reading offers excellent transport connectivity, making it an ideal location for commuters and residents.
Train Services:
Reading West Railway Station: Located approximately a 3-minute walk from Western Elms Avenue, Reading West station provides direct services to London Paddington, with journey times as short as 35 minutes.
Reading Railway Station: Situated about 1 mile from Western Elms Avenue, Reading station is a major transport hub offering extensive services, including direct trains to London Paddington and London Waterloo.
Bus Services:
The area is well-served by several bus routes, providing convenient access to various parts of Reading and beyond. Notable routes include:
Route 33: Connects Central Reading to Turnham's Farm via Tilehurst Road, Corwen Road, Pierces Hill, and Little Heath Road.
Route 15: Links Central Reading to Calcot (Sainsbury's) via Oxford Road, Dee Park, and Tilehurst Triangle.
Route 17: Travels from Wokingham Road (Three Tuns) to Tilehurst (Water Tower) via Cemetery Junction, Central Reading, and Oxford Road.
These routes, among others, have stops near Western Elms Avenue, ensuring easy access to public transportation.
Local Amenities:
The vicinity of Western Elms Avenue boasts a range of local amenities, including supermarkets, restaurants, and a 24-hour pharmacy. Additionally, a GP surgery is located at the corner of the avenue, enhancing the convenience for residents.
In summary, Western Elms Avenue offers residents and investors a well-connected location with easy access to train and bus services, complemented by a variety of local amenities.
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