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See how verdicts work2-bedroom flat · RG4 8BB
For saleReduced £10k (−3%) on 23 OctListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well-planned apartment in a highly desirable location, within a stone's throw of Caversham centre.
The property is located the ground floor with French style doors leading out to communal garden.
Th accommodation comprises - entrance hall, sitting room/dining room, kitchen, two double bedrooms, en-suite to bedroom one and a separate family bathroom.
Further benefits include, secure entry phone system, allocated parking and communal ground.
Abbotsmead Place is well placed to take advantage of Caversham's range of services and shops including Waitrose and Costa Coffee, plus independent traders including butchers, bakery, gymnasium, library, and salons.
The river Thames is within close proximity and Reading station is 0.7 miles walking distance, with it's fast regular service to London (Paddington approximately 30 mins). Viewing highly recommended.
*Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed the fee cannot be refunded even if the property does not go ahead. Council tax band D. EPC rating C.
Ground Rent - £100 Per Year Service Charge - £213 per month 125 Year with 96 Years left Kitchen (2.79m x 2.34m (9'2 x 7'8)) Dining/Living Room (5.61m x 4.80m (18'5 x 15'9)) Bedroom 1 (3.58m x 2.67m (11'9 x 8'9)) Bedroom 2 (4.80m x 2.36m (15'9 x 7'9))
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 7, Abbotsmead Place, Reading
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