Chancellors says ..

Property Oracle says ..

This studio apartment in Reading, located on Kendrick Road in the Redlands area, presents a mixed bag for potential buyers. Its strongest asset is its location. The proximity to Reading Station, the hospital, and the University makes it highly convenient and attractive for students, professionals, and commuters. This makes it a promising rental investment property. However, the apartment’s condition needs attention. While functional, the kitchen and bathroom appear dated and require modernisation to meet current standards. The apartment itself is small, offering limited space, and the lack of a private garden is a potential drawback. The presence of communal gardens offers some offset, but this is limited and not comparable to other properties in the area.

The price point reflects the location and general market trends in Reading for this type of property. Although other comparable studio apartments are listed at similar prices, a buyer would need to factor in the cost of renovations. The small size should be seen as both a benefit (affordability) and a limitation (lack of space). Overall, this property is most suitable for investors looking to improve a property or students and professionals seeking affordable accommodation in a prime Reading location. Further research into the specifics of the lease (900+ years) and service charges associated with the communal spaces would be recommended before committing to the purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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