2-bedroom flat · RG1 3DP
For saleReduced £20k (−8%) on 14 SepListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TAUK - Presented by Jamie Stead Set on the fringes of Reading town centre and circa 0.5 mile away from Reading Train Station, is this very well presented fifth floor apartment in Kenavon Drive.
Offering two large double bedrooms, an en-suite shower room and an open plan living space - this property would make a brilliant first time purchase or investment.
The Property Located on the fifth floor and enjoying uninterrupted views out of the Juliette Balcony, this home offers a light and airy living space throughout.
The entrance hallway provides access to all rooms of the property which has a great lay out to divide the living space to the bedrooms.
The main heart of the home is the open plan lounge / dining room toward the back of the property and is a particularly great sized space and comfortably holds a large sofa, dining table with four seats and a separate desk.
The French Doors with Juliette balcony and large UPVC windows allow for natural light to flood through to create a welcoming space.
From the lounge, there is access into a well fitted kitchen which is finished with a range of eye and base level units, and built in appliances such as electric oven, four ring gas hob and chimney extractor above.
Both of the bedrooms are doubles and are holding double beds, with the main room having the extra benefit of a three piece en-suite shower room with single shower cubicle, hand basin and toilet.
Living space is complete with a smart three piece family bathroom, fitted with bath tub and shower attachment, hand basin, toilet and towel rail.
The property further benefits from a lift for ease of access into the property and an allocated parking space which is securely stored behind electric gates.
Lease length - 97 years Service Charge - £2400 Per annum Ground Rent - £150 per annum The Location The location of the property is one of the biggest advantages for this home as The Meridian is a five minute walk from Reading Town Centre and circa 0.5 miles away from Reading Train Station which makes this home perfect for workers and commuters replying on public transport.
The Meridian also overlooks Forbury Retail park where further shops including Argos and Decathlon can be found, along with McDonalds restaurant.
Tesco's Express is now a stone throw away for essentials
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 108 The Meridian, Kenavon Drive, Reading
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