2-bedroom flat · RG1 3DQ
For saleReduced £25k (−7.7%) on 6 SepListed 73 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Meridian is a highly sought after, modern waterside development in central Reading which boasts an on site gym and offers easy access to Reading mainline station and the popular shops and restaurants.
The property boasts a spacious open plan kitchen/living room and a Juliet balcony overlooking the Kennet & Avon canal.
There are two double bedrooms, two bathrooms (one en suite) and ample storage. In addition the apartment has secure parking and a secure bicycle store.
To appreciate the space on offer call now to view.
Entrance Hall A good sized entrance hall with meter cupboard, large cupboard and airing cupboard with doors leading to bedrooms, bathroom and living room.
Living Room (7.14 x 6.32 (23'5" x 20'8")) A very spacious, dual aspect, open plan living/dining/kitchen with laminate flooring and views over the canal from the Juliet balcony.
Kitchen Area A stylish and modern kitchen with built in oven, hob, extractor, fridge freezer, dishwasher, washing machine and microwave with windows overlooking but the canal to the front and the communal gardens to the side.
Bedroom One (4.08 x 2.8 (13'4" x 9'2")) A good sized, carpeted master bedroom with window overlooking the communal gardens to the side of the property, built in double wardrobe and door to the ensuite shower room.
En Suite Shower Room (1.85m x 1.70m (6'1 x 5'7)) A modern and stylish shower room with a good sized corner shower, wash hand basin, heated towel rail and a WC.
Part tiled walls, tile effect flooring and ceiling spot lights.
Bedroom Two (4.08 x 2.56 (13'4" x 8'4")) A good sized carpeted second bedroom with window overlooking the side of the property and a built in double wardrobe Bathroom (2.08m x 1.93m (6'10 x 6'4)) A good sized bathroom comprising of a paneled bath with a wall mounted shower, WC, wash hand basin, heated towel rail.
Part tiled walls, tile effect flooring and ceiling spot lights. Parking Allocated parking space in secure, ground floor parking facility with access to secure bike store as well. Services Water.
Mains Drainage. Mains Electricity. Mains Gas: None Mobile phone. The vendor is not aware of any specific restricted mobile phone coverage Broadband.
Ultrafast, information obtained from Ofcom Tenure Lease length - 125 years from 9/7/2004 Ground Rent - £250 per annum Service Charge - £2938.76 per annum View From The Apartment Attractive views over the communal grounds and towards the Kennet & Avon canal.
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 42 The Meridian, Kenavon Drive, Reading
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