Sold

The Meridian, Kenavon Drive, Reading, RG1

Guide Price £195,000

2 beds
2 baths
1 reception

or call 0118 953 8784

Michael Page

Reading

readingresidential@romans.co.uk

Key Features

FOR SALE BY ONLINE AUCTION
6 WEEKS COMPLETION
Allocated parking space
2 bedrooms
Vacant leasehold
Investment potential

Description

A vacant 2 bedroom flat with allocated parking, located close to the town centre and providing good access to Reading station. Ideal for owner occupation or letting investment with an estimated rent of £1,400 - £1,500 PCM depending on condition, gross yield 8.6% - 9.2% PAX.

Auction date
To be sold by online auction on Tuesday 30th April 2024 with a 6 WEEK COMPLETION, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with vacant possession
Lease
125 years from 2003 - 104 years remaining
Ground rent and service charge
Please see legal pack for further details.
EPC rating
D
Council tax band
D - Reading
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendors solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Guide prices
Guide Prices are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the 'Terms & Conditions - Unconditional Auction".

Handy Information

EPC
D Rating
Council Tax BANDS
£178.75 per month
Broadband Speed
80 mbps

Useful Tools

Calculate stamp duty online

I am a first time buyer or I am purchasing a property to replace my main residence.

Notes

The stamp duty calculator presumes that none (or part) of the property qualifies as mixed-use for which the current SDLT would be 3%.

Please note that this tool is an indicator only, your solicitor or tax consultant will advise you as to the actual stamp duty land tax that must be paid on completion.

All calculations are correct as of 1st October 2021, which are subject to change at any time

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