1-bedroom flat · RG1 8FY
For saleListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well-presented one-bedroom ground floor apartment offering approximately 558sq ft of accommodation, ideally situated in a quiet residential area within easy reach of Reading station, town centre and Caversham riverside.
The modern apartment features a particularly generous open-plan living/kitchen area, large double bedroom, modern bathroom, high energy efficiency, allocated parking and a 994-year lease with a peppercorn ground rent.
To appreciate the space available, call to arrange a viewing.
Communal Entrance A spacious and well maintained entrance hall leading to the stairs and lifts to other floors along with the front door of the property.
Hallway A bright and welcoming hallway with lvt flooring and doors to the living room, bedroom and bathroom with a large built in storage cupboard.
Living Room (5.78 x 4.87 (18'11" x 15'11")) Large living room with two floor to ceiling windows providing lots of natural light, built in cupboard housing the boiler and lvt flooring.
Kitchen Area A well equipped and modern kitchen area with built in fridge freezer, dishwasher, washing machine, oven, gas hob and extractor with under cupboard lighting, plenty of base and eye level units and work surfaces.
Bathroom (2.15 x 1.93 (7'0" x 6'3")) Modern and stylish bathroom with sink, wc and bath with shower.
Bedroom (3.79 x 3.5 (12'5" x 11'5")) A very good sized double bedroom with two floor to ceiling windows providing plenty of natural light and lvt flooring.
Communal Garden A well maintained and smart communal garden that includes a courtyard garden, playground and well presented grounds surrounding and between the blocks of the development.
Parking The property benefits from one allocated external parking space to the front of the property. 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 All appliances and services are untested.
Tenure Lease term: 999 years from 1st August 2021 Ground rent: £0 Service charge: £1984.38 per annum
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
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FAQ
About Flat 4, 1, Cox Terrace, Reading
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