2-bedroom flat · RG4 8BW
For saleReduced £25k (−8.5%) on 25 MayListed 251 days
Opportunity summary
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About
A superbly positioned top floor two bedroom flat with direct south facing views over the River Thames and Christchurch Meadows parkland.
Just a 15 minute walk to mainline station and a 5 minute walk to Caversham centre. Includes living room with balcony, kitchen, allocated parking space and long lease.
No onward chain COMMUNAL ENTRANCE HALL With entryphone system and stairs to top floor ENTRANCE HALL Entry phone, door to LIVING/DINING ROOM Offering attractive south facing riverside views over the Thames and parkland, radiator, TV point, phone point, glazed door to BALCONY BALCONY With south facing views over the River Thames and parkland KITCHEN Fitted to comprise: worktops with a range of cupboards and drawers, built in hob and oven, plumbing for washing machine and dishwasher, south facing rear aspect BEDROOM ONE Rear aspect, radiator BEDROOM TWO Rear aspect, radiator, hatch to loft storage space above BATHROOM Three piece suite comprising: panelled bath with shower, W.C, pedestal wash hand basin, radiator SERVICES Mains gas, electricity and water connected.
Gas fired radiator central heating COMMUNAL GROUNDS These are maintained by the Managing Agent on behalf of the Management Company.
Shared separate bin store and bike store PARKING There is one allocated parking space and useful communal visitor parking spaces TENURE Leasehold Original lease - 125 years Lease remaining - 97 years Service charge - £1,523.69 per annum Ground rent - Peppercorn APPROXIMATE MONTHLY RENTAL £1,495 exclusive of council tax and utility bills SCHOOL CATCHMENT Thameside Primary School Highdown School and Sixth Form Centre COUNCIL TAX Band C FREE MORTGAGE ADVICE We are pleased to be able to offer the services of an Independent Mortgage Adviser who can access a variety of mortgage rates from leading Banks and Building Societies.
For a free, no obligation discussion or quote, please contact Stuart Milton, our mortgage adviser, on LOCATION This image is for indicative purposes and cannot be relied upon as wholly correct
Value & comps
No previous sales on record.
Returns
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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 Elliotts Way, Caversham, Reading
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