1-bedroom flat · RG4 7AU
For saleListed 28 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Brand new 990 year lease & peppercorn ground rent on completion: Set in the quiet but popular Sheldon Rise which is tucked away in the Hemdean Valley, very close to Bugs Bottom nature reserve is this ground floor, one bedroom apartment.
The property benefits from a good sized double bedroom, stylish open plan kitchen/living room and modern bathroom. The property also benefits from a large and open communal patio.
Caversham town centre with its restaurants and shops is a short distance away with Reading an easy journey by public transport. To view the space available call now to view.
Living / Dining Room (5.74 x 4.03 (18'9" x 13'2")) A private front door opens into an open plan living, dining and kitchen space with wood laminate flooring throughout and French doors to the patio.
Kitchen Area The kitchen is contemporary in style, with ample floor and wall units, a fitted fridge freezer, fitted dishwasher and electric oven, gas hob and stylish extractor with space for a washing machine and door leading to: Hallway A hallway with laminate flooring, storage cupboard and doors to the bedroom and bathroom.
Bedroom (3.11 x 4.19 (10'2" x 13'8")) A very good sized double bedroom with a large window overlooking the front of the property that provides plenty of natural light and a good sized, double wardrobe built in.
Bathroom (2.22 x 2.06 (7'3" x 6'9")) A modern and stylish bathroom comprising a bath with shower, sink, WC, tiled floors and walls with a frosted window to the front of the property.
Patio A smart and well maintained, shared patio leading to the front door.
Tenure Lease length - currently 99 years from 2009 - will be 990 years on completion Service charge - £502.31 per six months Ground Rent - currently £250 rising to £400 after 25years but will be peppercorn on completion Services Water.
Mains Drainage. Mains Electricity. Mains Heating. Gas Mobile phone. The vendor is not aware of any specific restricted mobile phone coverage Broadband. Ultrafast, information obtained from Ofcom
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.
Area
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FAQ
About Flat 2, Sheldon House, Sheldon Rise, Reading
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