Sold STC
Offers over £110,000

1 bed flat for sale in Lorne Street, Reading, Berkshire, RG1 7YW (ref:552771)


Key Features

  • Sold via online ‘Secure Sale’
  • Immediate ‘exchange of contracts’ available
  • One bedroom apartment
  • In need of repair
  • Close to Reading West Train Station
  • Close to Reading Town Centre
  • Communal Garden
  • Ideal for Investors
One bedroom apartment located near Reading Town Centre and Reading West train station
Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £110.000

Up for auction is this one-bedroom apartment, poised perfectly next to Reading West Train Station and just a brief stroll from Reading town centre. Entrance to the property is at the back of the building and also has a communal garden.

Though in need of some refurbishment, this apartment is a canvas waiting for transformation and is a perfect investment opportunity.

Its prime location near key transport links and the bustling Reading town centre makes it an attractive prospect for potential tenants, thus a promising rental investment.

The vicinity to a wealth of local amenities, shops, and eateries further enhances the living experience.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Stamp duty due

Based on a sale price of £110,000 the total amount of stamp duty payable will be:


Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

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Further Details

  • Status: Sold STC
  • Tenure: Leasehold
  • Tags: Garden
  • Reference: 552771