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£550,000
Waylen Street, Reading, Berkshire, RG1
- 5 beds
£550,000
- 5 beds
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Estimate monthly mortgage payment:
£2,511 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£27,500
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Having been completely refurbished by the current owner, this high specification block of three apartments is ideal for a seasoned investor looking to add to their growing portfolio, or even a first-time investment buyer.
Formally a four storey Victorian home, the property has now been split in to one split level two-bedroom apartment and two one-bedroom apartments, one of which benefits from a bonus loft room.
Since refurbishing, the current owner has had a variety of professional tenants, which has generated income as much as £4500 per month.
The property itself is in Reading's popular conservation area and is a short distance to a host of shops, amenities and transport links so is likely to serve as an excellent long-term investment.
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£2,511 per month
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£6,250
Mortgage and legal costs:
£999
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- Conveyancing fee
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