1-bedroom flat · RG2 0GZ
Under offerListed 137 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bright & cosy one-bedroom apartment now available in Reading through Shared Ownership. The property comprises a living room with a Juliette balcony, a separate kitchen, and a large bedroom.
This could be ideal for a couple or a single person. The flat is on the second floor, and it has allocated parking space, as well as communal areas and bike stores.
Available for £74,000 for 40% share based on the marketing figure of £185,000.
Monthly rent - £436.98 Monthly Service Charge - £142.16 Total Monthly Charge - £579.14 plus mortgage required for 40% share.
On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge.
Where charges are not billed monthly, purchasers will be informed before proceeding.
An annual rent increase takes place every April Location The property sits in a tranquil residential area and is close to Reading's town centre, less than 10 minutes away by car.
Several amenities are nearby, thanks to a retail centre next to a stadium and supermarkets just a few minutes drive away.
There are also bus stations nearby, which allow to move around by public transport. Road travel is quite convenient, thanks to the M4 being less than 10 minutes away.
There are also several natural and green areas nearby, thanks also to the close proximity of River Kennet.
EPC rating Energy rating band - C Environmental impact band - B In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home.
We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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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 Thorney House, Reading, Berkshire, RG2
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