3 Valerie Court Bath Road, Reading, Berkshire, RG1 6HP
- Conditional Online Auction Sale
- Bedrooms: 2
PURPLEBRICKS ONLINE AUCTION IS PLEASED TO PRESENT THIS TWO BEDROOM FLAT - LOCATED IN READING RG1
Tenure
Leasehold
Description
Attention first time buyers, professional couples and investors
A wonderful opportunity to acquire this spacious, first floor, two bedroom flat that it situated very close to Reading Town Centre. Available with no onward chain, this property is ideal to first time buyers, professional couples and investors who can achieve around 4.7% Gross Rental Yield.
Built in 1970, this flat comprises of an entrance hall which gives access to all 5 rooms including two large double bedrooms, both conveniently featuring built in wardrobes. The kitchen and bathroom are both modern and have been refitted recently. The lounge is larger than your average living room with balcony access that has views of the flats communal gardens and the famous Bath Road.
Externally, the property is accessible through the apartment block front door and has an allocated parking space towards the rear and visitor parking to the side of the property. The property is double glazed throughout and has electric heating.
Local Area
The flat is located off Bath Road which gives easy access to Reading Town Centre, the A33 and the M4 Motorway which offers great access to London and surrounding areas around Reading. It is just a 10 minute walk from town and 5 minute walk to Reading West Station which is one stop away from Reading Mainline station and the newly developed Crossrail. Local amenities such as hospitals, schools, pubs, hotels and takeaways are located nearby as well as local shops and Prospect Park being a 15 minute walk away.
General Information
No onward chain
Lease Expiry - 2142
Annual Service Charge - £1200
Annual Ground Rent - £125
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Property Ownership Information
Tenure
Leasehold
Council Tax Band
B
Annual Ground Rent
£125.00
Ground Rent Review Period
No review period
Annual Service Charge
£1,200.00
Service Charge Review Period
No review period
Lease End Date
01/01/2142
EPC Rating
Current 51/63 Potential
Opening Bid and Reserve Price
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
Comments
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £6,582 including VAT and a legal pack charge of £372 including VAT. This reserves the property for the buyer during the Reservation Period. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium is in addition to the final selling price and is considered within calculations for Stamp Duty Land Tax.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay the fee specified above towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
- You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
- Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.
Energy Performance Certificate (EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
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