2-bedroom flat · RG2 0GZ
For saleListed 47 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious two-bedroom ground-floor apartment offering approximately 667 sq ft of well-arranged accommodation.
The property features a generous open-plan kitchen/living/dining room, creating an excellent main living space with direct access to a private patio.
There are two bedrooms, with the principal bedroom benefiting from its own en-suite shower room, alongside a separate family bathroom and useful storage.
The open-plan living area is particularly well proportioned, providing plenty of space for both relaxing and dining.
The main bedroom is a good-sized double with built-in storage, while the second bedroom provides useful additional accommodation. The property also benefits from one allocated parking space.
Thorney House forms part of the popular Kennet Island development, conveniently positioned for Reading town centre and Green Park.
Reading Green Park railway station is approximately 1.1 miles away, while Reading station provides fast services to London Paddington as well as Elizabeth Line connections across London.
The M4 at Junction 11 is also within easy reach, and the surrounding area offers supermarkets, shops, leisure facilities and other everyday amenities.
Approximate Service Charges: £227.34pcm* Lease: 971 years *Service charges are estimated and may subject to change.
Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
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 MTVH OR - Flat 40, Thorney House,, Drake Way, Berkshire
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