1-bedroom flat · RG30 2AL
For saleReduced £10k (−4.3%) on 21 JunListed 214 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This superbly presented, spacious one bed apartment comes to the market in excellent condition throughout and is a real credit to the current owner.
Situated on the first floor, the inviting entrance hall gives access to the beautifully presented kitchen/diner which has a breakfast bar, plenty of wall and base units, oven/hob with an extractor fan and has an integrated fridge freezer, washing machine, and dishwasher.
The property oozes lots of natural light from the large windows throughout. The stylish, fully functional, refitted shower room has been superbly finished and benefits from a recently upgraded boiler.
The bedroom again has large windows making it light and airy, and comes with built in wardrobes. To the rear of the property there is a low maintenance, shared enclosed garden.
Parking is to the rear of the property. Reading West train station is a short walk away, as is the Oxford Road with a plethora of eateries, cafes, pubs and convenience stores.
Reading town centre is within walking distance where you will find the Oracle shopping centre, riverside restaurants and Reading mainline train station which has direct trains to London Paddington and the Elizabeth Line giving access to central London.
The property comes with a 974 year lease. There is a £100 per month repair fund. No ground rent or service charge to pay.
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
Agent & docs
FAQ
About Flat 2, 21, Western Elms Avenue, Reading
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