The ideal first time purchase or hands-off investment this property sits in the heart of Kennet Island and has nearly a thousand years on the lease!
Sellers View...
Kennet Island was an obvious choice for my first home. I was attracted by the design, the local shops and services and the proximity to Reading and the M4. I lived very happily in the apartment for four years and enjoyed watching the development grow into the thriving, supportive community that it is today. The development is well maintained by the management company and looks as good today as it did when I bought the property. After four years of living at Kennet Island I was sent abroad for work, in a move that was meant to be for two years, but which has turned out to be permanent! When I left the UK, I put the property up for rent. It rented very quickly and over the years has been a very easy apartment to rent out and to manage, delivering good returns. Now that I am making my permanent home in France it's time for me to say goodbye to Kennet Island but I will keep happy memories of both living there and being a landlord there.
Agents View...
What a superb location - tucked away behind the main plaza with all the shops and transport links right by the front door. The flat itself is in excellent condition with wooden flooring and a modern kitchen suite. The top floor offers great views and having allocated parking which is directly outside and also secluded from the main road is a bonus. Come and take a look for yourself!
Area View...
Featuring contemporary architecture, Kennet Island is an exemplary urban village with highly specified homes in a well-established community, set in landscaped grounds, surrounded by open spaces and an ecological area, just 3 miles from central Reading. The pint of milk or loaf of bread is never far away either with the Londis located on the ground floor of Merrick House and the bus links into town are fantastic with the bus stop literally just outside this particular apartment block. Reading station is easily accessible and the much anticipated Elizabeth Line (Crossrail) is now open offering fast connectivity across London as far east as Essex.
Other Information...
Lease: 999 years from 1/1/2006
Service charge: £595.78 bi-annually
Ground rent: £532.66 per annum
Council tax: Band C
Stamp duty due
Based on a sale price of £180,000 the total amount of stamp duty payable will be:
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Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.