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Iliffe Close, Reading, RG1

Offers Over £230,000Leasehold

211

Key Information

Tenure:Leasehold
Service charge:ÂŁ1,704 per year
Ground rent:ÂŁ200 per year
Time remaining on lease:977 years
Council tax band:C
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

Excellent central location close to the Oracle Shopping Centre & Reading Station
Third Floor apartment
Residents undercroft parking
Lift access on all floors
Kitchen with appliances inc full size dishwasher
Leasehold 979 years remaining
Investment opportunity

Description

We are delighted to bring to the market, this two double bedroom apartment, which offers a different layout to most in the development thanks to its unique position in the building, on the top floor outer edge of the development meaning it benefits from no one above and no one to the side.

Comprising living/dining room, open plan kitchen with appliances, two double bedrooms with Velux windows meaning more wall space for furniture in both rooms, large bathroom with shower cubicle and bath, walk-in storage cupboard & additional utility cupboard, gas central heating & on-demand hot water via combi boiler and double glazed windows throughout. The main living and bedroom areas are carpeted & the kitchen and bathroom have ceramic tiled flooring.

Lease details: 999 Years from 2003 - 977 years remaining
Current Services Charges: ÂŁ1740.08 annually payable at bi-annual intervals
Ground Rent: ÂŁ200 per annum, ÂŁ100 payable in Mar & Sep each year

Investment Information
Current Rent: ÂŁ1350.00 (current gross yield of 6.89%)
Tenants have a contract until March 2026 (mutual 2 month break clause available from June 2025)

Arrange Viewing

Katesgrove Primary School
(0.18 miles)
Good
Number of pupils: 679
Age Range: 3 - 11
The Abbey School Reading
(0.23 miles)
Number of pupils: 1134
Age Range: 3 - 19
Kendrick School
(0.24 miles)
Outstanding
Number of pupils: 803
Age Range: 11 - 18
New Christ Church Church of England Primary School
(0.33 miles)
Good
Number of pupils: 183
Age Range: 4 - 11
Trinity Christian School
(0.36 miles)
Good
Number of pupils: 19
Age Range: 4 - 11
The Deenway Montessori School
(0.41 miles)
Good
Number of pupils: 51
Age Range: 3 - 16
Coley Primary School
(0.41 miles)
Good
Number of pupils: 271
Age Range: 3 - 11
Hamilton School
(0.52 miles)
Good
Number of pupils: 38
Age Range: 11 - 18
Red Balloon Learner Centre Reading
(0.57 miles)
Number of pupils: 23
Age Range: 11 - 18
Reading School
(0.58 miles)
Outstanding
Number of pupils: 1112
Age Range: 11 - 18

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ1,151 /mo.25 Years, 4.5% Interest
Loan
ÂŁ207,000
Total Repay
ÂŁ345,172

Stamp Duty

You’ll have to pay the stamp duty of:
ÂŁ2,100
0% up to ÂŁ125,000
2% from ÂŁ125,000 to ÂŁ230,000
Your effective stamp duty rate is 0.91%
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