2-bedroom flat · RG1 3DP
Sold STCListed 96 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN Situated just a short walk from Reading town centre and the mainline railway station, this exceptionally well presented second-floor apartment enjoys a prime location close to an excellent range of shops, restaurants and local amenities.
Perfect for first time buyers and investors alike, the spacious accommodation comprises a welcoming entrance hall with useful storage, a generous living room, a modern fitted kitchen, a contemporary three-piece bathroom, and two well-proportioned double bedrooms.
The impressive principal bedroom further benefits from built-in wardrobes and a refitted three-piece en-suite shower room.
Externally, the property is set within well-maintained communal grounds and is accessed via a secure telecom entry system.
Additional features include lift access and an allocated off-street parking space.
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
FAQ
About The Meridian, Kenavon Drive, Reading, Berkshire, RG1
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