1 Bedroom Apartment

27-29 Cross Street, 
Reading, 
RG1 1ST
SSTC
  • Tenanted
ATTENTION INVESTORS - GENERATE ABOVE A 7% NET RETURN! Fantastic one bedroom apartment in the heart of Reading's vibrant and well connected town centre.
  • Financial Performance*
Gross rent
£15,600
Ground rent
£80
Service charge
£1,200
Net income
£14,320
Gross yield
8.21%
Net yield
7.54%
  • Key Features
  • Tenanted Investment Opportunity
  • Hands Off Investment
  • Second Floor
  • One Double Bedroom
  • Fantastic Location
  • Tenant In Situ Until August 24
  • 7.35% Net Yield
  • Mainline Railway Station

yieldit are pleased to offer to the market this unique and characterful one bedroom apartment ideally situated in the heart of Reading town centre. Franklyn House is the perfect base for young professionals, couples and commuters with the extensive arrange of amenities and leisure facilities is right on the doorstep. Offered to the market as a tenanted investment, this property can generate you an impressive yield above 7% NET right from completion.

In brief, this entirely well-maintained apartment consists of bright and airy accommodation with spacious living room with large windows providing views of the High Street; double bedroom with Juliette balcony; fully fitted modern kitchen with a range of wall and base units; fully tiled family bathroom with shower over bath.

Reading town centre is one of the UK’s most vibrant and walkable urban centres with a wide range of independent shops and three shopping centres dotted around the boundaries, so everything you could need is within comfortable walking distance. It is also an ideal base for commuters, with around 140 service a day to London Paddington from the train station which is just 0.2 miles (a four minute walk) from Franklyn House.

Reading is an ideal candidate for property investment, boasting the 5th most qualified workforce in the UK, highest employment rate and home to a world-class university where 20% of graduates choose to remain due to the quality of life and employment opportunities on offer, meaning rental properties are sure to always be in high demand. According to figures obtained by Rightmove, sold prices have increased by 14% since the 2020 peak meaning that the potential for capital appreciation is also strong. Don’t miss out and enquire today to find out more!

  • Financial Performance *
Gross rent
£15,600
Ground rent
£80
Service charge
£1,200
Net income
£14,320
Gross yield
8.21%
Net yield
7.54%
*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.
  • Location
  • EPC
Energy Performance Rating