1-bedroom flat · RG5 3DW
For saleListed 188 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property reference number: 1640170 A fantastic 1‐bedroom apartment with a private balcony at Alexandra Place in Woodley, Reading.
Available through Shared Ownership from £120,000 for a 75% share of £160,000.
This well‐designed home features a bright double bedroom with a fitted wardrobe, a contemporary bathroom, a kitchen with integrated appliances, underfloor heating and floor‐to‐ceiling windows.
The apartment also benefits from access to a communal garden and secure bike storage.
Located close to Woodley town centre, you’ll have a range of local shops and amenities nearby, along with good transport links.
Earley Station is just over a mile away, and regular bus services run nearby, providing easy access to Reading and beyond.
Closest station: Earley (1.1 miles) Bus routes nearby: 14 Key features: - Integrated kitchen appliances - Underfloor heating - Floor‐to‐ceiling windows - Private balcony - Communal garden - Secure bike storage Financial information Tenure: Leasehold Remaining lease term: 110 years Annual ground rent amount: £0 Ground rent review period: Applicable upon final staircasing Annual service charge amount: £5,284.56 Service charge review period: Annually Council tax band: C *Financial information correct as of 13/04/2026
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About South Lake Crescent, Reading
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