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18 London Road, Twyford
£300,000 Fixed Price
Bedrooms
Bathrooms
Stunning top Floor Corner Apartment in Central Reading
Located in the heart of Reading Town Centre, this beautifully converted top floor corner apartment offers modern living at its finest. With a 997-year lease and no ground rent, its an ideal opportunity for first-time buyers, investors, or commuters with no chain.
Prime Location: Just a 1-minute walk to Reading Station, providing quick and easy access to London Paddington.
Two Double Bedrooms: Spacious master bedroom with an en-suite and a second double bedroom.
Open-Plan Living: Bright and airy lounge and kitchen area, perfect for modern living.
Additional Shower Room: A stylish family shower room adds convenience.
Lift Access: Easy access to the apartment via the buildings lift.
This property blends convenience with contemporary design, offering a perfect balance for city living.
Agents note:
In accordance with the Money Laundering Regulations mandated by the government in 2019, it is obligatory for us to verify the identity of all potential buyers whom we agree a sale to. We engage the assistance of a third-party entity, Lifetime Legal, who will reach out to you directly at a mutually agreed upon time for this purpose. They will require the complete name, date of birth, and current residential address of all buyers whom have had an offer accepted. At that time a nominal fee of 80, inclusive of VAT, is applicable for this service (per transaction, not per individual), payable directly to Lifetime Legal. Kindly note, we are unable to provide a memorandum of sale until the verification process is concluded.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
18 London Road, Twyford
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