3-bedroom flat · RG1 7AH
For saleListed 193 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This contemporary three bedroom apartment is located in the landmark Chatham Place development in Reading Town Centre.
Built by Muse, Chatham Place is a short walk to Reading station offering access to London Paddington in just 25 minutes and soon to form part of the Elizabeth Line (CrossRail) linking Reading with London's City and Canary Wharf.
This modern apartment located on the second floor is one of only a handful three bedroom apartments in the development.
Accommodation comprises; a spacious open plan living space with high spec kitchen with integrated appliances, three double bedrooms, the master bedroom with an ensuite shower room and a modern three piece bathroom.
Additional features include underfloor heating and energy efficient LED spotlights throughout, lift access and gated secure under croft parking.
This superb apartment would make an excellent investment, would suit young professionals requiring access to Central Reading or commuting further afield via Reading Station, or someone downsizing and is for sale with no chain complications.
Location: Honister is located in the Chatham Place Development a five minute walk from Reading Station. Chatham Place is the landmark re-development of the West end of Reading's Town Centre.
The development has a 24 hour gym and yoga studio and is short walk from Reading's main shopping and entertainment precincts.
Reading is one of the south east’s largest towns only 25 minutes from London by train, with trains running every five minutes or so, Reading is home to many of the city’s commuters.
Reading also has easy links by road or rail to Swindon, Oxford, Basingstoke, Heathrow and farther afield.
Beyond the hive of commercial activity, Reading is nestled in the heart of Royal Berkshire offering beautiful riverside walks on the Thames and tow path ambles on the Kennet and Avon canals and with the nearby Berkshire Downs and Chilterns, beautiful countryside is never far away.
Reading offers a rich mix of shops and markets.
In the heart of the town, The Oracle combines chic boutiques with department stores such as Debenhams and House of Fraser and within a minute’s walk there are many high-street favourites including John Lewis and Marks & Spencer.
There are restaurants, cafes and brasseries to suit every taste in Reading. Plus there are numerous bars and restaurants on the Oracle Riverside.
Reading school founded in 1125 is the 16th oldest school in England, there are 6 other state secondary schools along with 37 state primary schools in the borough.
In addition there are some well-recognised and top ranked independent and public schools in Reading and its surrounding catchment.
Schools such as Leighton Park, Queen Annes, The Abbey, Crosfields, Bradfield College, The Oratory and Bluecoat are just some of the outstanding public schools in the area.
Kendrick girls’ school is one of the top grammar schools in the UK. Reading University established in 1892 is a ‘red brick’ and ranked in the top 1% of universities in the world.
There are almost 23,000 students from all over the globe.
Value & comps
No previous sales on record.
Returns
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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 20 Alfred Street, Reading, Berkshire, RG1
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