Bankside Gardens, Reading , Berkshire , RG2
£525,000
Property Snapshot
- Flat
- 664 sq ft
- 2 Bedrooms
- 2 Bathroom
- 24/7 Concierge
- 6.4% rental yield
Tenure - Leasehold
Overview
The Exchange is a 4 minute walk to Watford Junction station, only 14 minutes by train to London Euston, and close to London Heathrow and London Luton airports.
Part of the wider £1.6 billion regeneration plan by Watford Borough Council.
Watford is in the Top 1% of UK towns to live and results yields of up to 6% according to Foxtons, 2024.
The town location is in the midst of a process of urban transformation, with young professionals and more affluent residents moving from central London into the neighborhood.
Financial snapshot
- Costs
Your initial investment is the estimated amount of capital you’ll need to purchase the property.
£126,968
The estimated deposit is how much roughly we expect you'll need as a deposit to buy this property. This is based on affordability checks that most lenders would would run based on the purchase price, rental income and estimated monthly management costs. If you're buying in cash - the estimated deposit will be the same as the purchase price.
£81,038
Purchase fees
£45,930
- Returns
Your total return by 2034
£362,868
The rate at which the value of your investment grows each year over the period of your investment. This takes into account your initial investment, rental growth and capital growth.
The estimated average percentage increase of your property's rent over the course of your investment. After the 5th year, we've capped this at a maximum of 4% per year.
5.5%
The estimated average percentage increase in your property's value over the course of your investment. After the 5th year, we've capped this at a maximum of 4% per year.
5%
The amount of monthly rent you can expect from this property.
£2,100
The gross yearly rental income, as a percentage of the property's purchase price.
6.2%
Indicative returns are based on historic data – please note past performance is not necessarily indicative of future results and actual returns may differ materially from the returns indicated here
Area Highlights
Property values in Watford have increased 15.8% in 5 years
Property Snapshot
- Flat
- 872 sq ft
- 2 Bedrooms
- 2 Bathroom
- 24/7 Concierge
- 4.3% rental yield
Tenure - Leasehold
Overview
Enjoy this stunning home set beside a beautiful lake and surrounded by acres of parkland and landscaped gardens, relax in this idyllic waterside location. Enjoy a new perspective on urban living at Bankside Gardens, an exciting new waterside destination minutes from the centre of Reading.
Set beside a beautiful lake and surrounded by acres of parkland and landscaped gardens, relax in this idyllic waterside location
As you enter this home you are greeted with two spacious double bedrooms with Bed 1 benefiting from wardrobes and en- suite as well as balcony overlooking the lake making it the perfect place to start your morning routine. Bedroom two providing space for a double bed or even use as a home office.
You will find a further shower room off of the hallway as well as a open plan kitchen/living/dining area with integrated fridge/freezer, dishwasher hob and oven. Composite stone worktops and upstands with full height marble effect glass splashback to select walls. The living space also provides you with access to your very own balcony area where you can sit back and relax on a summers evening.
The property comes complete with secure entrance system, multi point lock front door, luxury vinyl timber effect flooring to hallway, kitchen/living/dining room, bathroom/en suite and shower room. As well as high quality carpets to the bedrooms.
Bankside Gardens Residents amenities include Concierge,
Co-working space, Cinema room and Residents Gym. The all-new Green Park Station, which will provide super quick access to Reading in only 6 minutes, London and beyond.
