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See how verdicts work1-bedroom flat · RG2 0GQ
Sold STCReduced £10k (−5.6%) on 24 SepListed 454 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain : Introducing this stylish one-bedroom flat, conveniently situated in a sought-after urban area renowned for its excellent public transport links, access to the M4 J11, Reading town centre, and rail links to London via Green Park & Reading mainline stations.
Offering a wealth of local amenities, beautiful green spaces, and a range of scenic walking routes.
Ideal for first-time buyers, or investors, this residence combines modern comfort with practical design, making it a fantastic opportunity for a variety of purchasers.
Upon entering, you are welcomed into a bright, open-plan reception area, adorned with neutral carpet floors in entrance hallway and wood floors in living space enhanced by large windows that flood the space with natural light.
This inviting living room seamlessly merges with the kitchen area, creating a perfect setting for relaxation or entertaining guests.
The adjoining open-plan kitchen features a generous space and is thoughtfully designed to maximise functionality, whilst making the most of the natural light.
The spacious master bedroom offers a tranquil retreat, benefiting from built in wardrobes that provide ample storage.
The clean and functional appointed bathroom has a bath with shower, ideal for unwinding after a long day.
The property further benefits from allocated parking space and secure bicycle storage This beautifully presented flat stands out not only for its contemporary open-plan design but also for its exceptional location and great views, ensuring a superb balance between urban living and access to green, peaceful spaces.
A must-see for those seeking convenience, comfort, and a quality home in a highly desirable area.
At the time of Instruction, we must inform you that the vendors are employees of Northwood Estate Agents.
This apartment is available to buy from as little as £76,000 with a 40% share, alternatively 100% share available.
Council Tax Band : C Ground Rent : Nil Service Charge £170.62 pcm 988 Years remaining on the lease The above maybe subject to change during the transaction period.
All details must be independently verified by your solicitor. Contact us today to arrange a viewing for this fantastic property. EPC rating: B.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers before making any investment decisions.
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.
Area
Agent & docs
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FAQ
About 33 , Lundy House, Drake Way, Reading
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