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See how verdicts work2-bedroom flat · RG1 7LZ
For saleListed 137 days
Opportunity summary
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About
Southern Housing are pleased to present this spacious and well-designed first floor apartment, ideally located in Reading and offering a comfortable and contemporary living environment.
The property opens into a welcoming central hallway that provides access to all principal rooms, and features a storage cupboard.
To the rear of the apartment, a bright and generously proportioned open-plan kitchen, dining and sitting area serves as the heart of the home.
This versatile space is perfect for modern living, with ample room for relaxing, entertaining and dining, while a large window and door lead out onto a private balcony, allowing natural light to flood the room and offering an ideal spot to enjoy outdoor space.
The apartment benefits from two well-proportioned bedrooms. The main bedroom is particularly spacious, offering a calm and flexible setting for rest and features a built in wardrobe.
The second bedroom is also a good size and could be used as a guest room, home office or additional living space depending on individual needs.
A contemporary family bathroom is positioned conveniently off the hallway and features a clean and practical layout.
This attractive apartment presents an excellent opportunity for first time buyers or those looking to step onto the property ladder. Don't miss out, register your interest today.
Key Information: Full Market Value: £255,000 Share: 35%, £89,250 Rent: £501.84 Service Charges: £178.53 Lease Length: 113 Years Council Tax Band: C Local Area Information Alleyne Close enjoys a convenient position within central Reading, offering a well-connected and amenity-rich setting that suits both day-to-day living and commuting.
The area provides easy access to Reading town centre, where residents can enjoy a wide selection of shops, cafés, restaurants and leisure facilities.
The Oracle shopping centre, set along the River Kennet, offers a vibrant mix of high street brands, dining options and entertainment venues, making it a popular destination for both shopping and socialising.
Broader retail opportunities can also be found along nearby Broad Street and Friar Street, where a wide variety of national and independent stores are located.
For those who value outdoor space, the surrounding area benefits from access to nearby green and riverside settings, including the River Kennet and the wider Thames-side walks, as well as local open spaces such as Coley Water Meadows.
These attractive natural areas provide a welcome escape from the town centre and opportunities for walking, cycling and relaxing outdoors.
Transport links from the property are particularly strong, making it an ideal choice for commuters.
Reading Station, one of the busiest transport hubs outside of London, offers fast and frequent rail services to London Paddington, as well as connections to a wide range of regional and national destinations.
The Elizabeth line also operates from Reading, further enhancing connectivity into central London.
In addition, Reading West station and several local bus routes are located close by, providing further convenient options for travel within the town and beyond.
The property also benefits from an allocated parking space, offering added practicality for residents with a car and ensuring ease of access in this well-connected central location, where both road links and local infrastructure support straightforward travel in and around Reading.
Key Features: Allocated Parking Space Lots to do nearby Great transport links Long lease of 113 Years
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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About Alleyne Close, Reading
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