Flat for sale in Cygnet House, Drake Way, Reading RG2

Haslams: This well presented third floor apartment is located on the periphery of the highly sought-after Kennet Island development which features a central piazza with well-kept communal grounds.
The well-presented two bedroom apartment features an open plan living room with a well-defined kitchen area and Balcony.
Ideally situated for access to the town centre with a dedicated bus service providing easy access with mainline station and also Green Park with the planned station and the M4 motorway nearby.

Communal Grounds

Kennet Island features well-kept landscaped communal grounds with a number of park areas with seating for shared use and a series of wetlands and ponds with a viewing pier overlooking the conservation area. There are pleasant riverside walks along the Kennet Valley path leading into the Reading town centre.

Lease Information

Years remaining: 982
Ground rent: £450 pa
Service charge: £1030 every 6 months
Ground rent review period: Every 15 years in line with rpi, next review 2032

lease note: Lease and service charge details are provided as a guide and are based on information supplied by the seller

Parking

The property comes with one allocated parking space and there is permit visitor spaces throughout the development.

Gross Rental Yield

*We believe the current rental value for a furnished let would be £1400 per calendar month which based on the asking price represents a possible gross rental yield of 6%