1-bedroom flat · RG1 4EF
To rentListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nea lettings: Situated within a highly sought-after warehouse conversion in the desirable Eldon Road Conservation Area, this stylish apartment combines character features with contemporary living.
The property offers a spacious living room, a well-proportioned double bedroom, modern kitchen, and an elegant shower room.
Further benefits include attractive stripped wood flooring throughout and a generously sized private terrace, perfect for outdoor dining and summer entertaining.
Ideally located within easy reach of Reading town centre and Reading mainline station, offering fast links to London via the Elizabeth Line. Sorry no parking available. EPC Rating C.
Disclaimer: These particulars are intended as a general guide only and do not form part of any contract or offer.
Whilst every effort has been made to ensure the accuracy of the information provided, nea Lettings cannot guarantee that all details are complete or free from error.
Any photographs, videos, floor plans and other marketing material are believed to provide a fair representation of the property at the time they were produced.
If you choose to make an offer without first undertaking a physical viewing, you should ensure that you have carried out all necessary investigations and are satisfied that the property meets your requirements before proceeding.
Open Plan Living Room /Dining Area (4.75m x 4.27m (15'7 x 14')) A good sized room with double glazed doors and window overlooking the terrace, stripped wood flooring, semi open plan to the kitchen and doors to bathroom and bedroom.
Included furniture: Sofa, cream armchair, dining table with four chairs, TV stand, and foldable desk. Kitchen Area (8'1 x 5'8) A good sized kitchen with ample wall and base units.
Roll top work surfaces with inset sink and drainer, four ring hob, oven, extractor, recess for fridge freezer, recess for washing machine and dryer. Stripped wood flooring and window to the side.
Bedroom (4.17m x 2.44m (13'8 x 8')) A light and airy room with double glazed windows over looking the attractive courtyard, stripped wood flooring/ Furninture included; Bed, mattress, armchair, two bedside cabinets and two chest of drawers Shower Room A modern and stylish shower room comprising of a good size walk-in shower, low-level WC, wash hand basin, stripped wood flooring, heated towel rail and extractor.
Terrace (13'3 x 10'3) A private, raised terrace overlooking the communal courtyard and shed.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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