2-bedroom house · RG1 3GX
For saleReduced £30k (−7%) on 21 JunListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property description Built to a high standard by Berkeley Homes in 2024 is this well presented duplex property.
Set in the heart of the town centre a short walk from the mainline train station, only 0.5 miles.
The property features allocated parking, generous open plan living/kitchen/dining area, private patio, cloakroom, two double bedrooms, en suite and a separate bathroom.
Offered to the market as a 30% shared ownership, full market value £430,000. Full value can also be purchased. Rent on 70% is £503.72pcm. EPC Rating B.
Local information Central Reading is ideal for commuters and families, with fast non-stop services to London Paddington, easy access to M4 Junctions 11 & 12, and proximity to London Heathrow, just 30 miles away.
The town blends historic charm with modern amenities, featuring the Town Hall, Abbey Ruins, and Forbury Gardens, alongside the newly developed Train Station and Oracle Shopping Centre, which offers a vibrant mix of bars, restaurants, and shops.
Located between the River Thames and River Kennet, Reading boasts numerous leisure opportunities, including gyms, clubs, and sports teams.
Its education options are excellent, with a renowned university, college, and top primary and secondary schools.
Accommodation Private entrance door leading into an open plan fully fitted kitchen/living/dining room with doors leading onto the patio. Utility area and cloakroom/W.C..
Upstairs there is a principal bedroom with dressing area and en suite, second double bedroom and bathroom. Outside space Allocated parking for one car. Private west facing patio.
Leasehold information 990 year lease commenced in January 2021 Service charge - £335.69pcm Additional information Integrated sprinkler system. Communal heating system. Mains water. Concierge service.
On-site nursery for families. Council tax band D. Conveyancing We work with DT Conveyancing to help you buy your property with confidence.
Your dedicated conveyancer will keep you informed at every stage from start to finish. Making your move a stress-free and straightforward as possible.
Mortgages your home may be repossessed if you do not keep up repayments on your mortgage Exclusive deals are made available to Embrace Financial Services by primis Mortgage Network, to which Embrace Financial Services are an Appointed Representative Davis Tate Limited is an Introducer Appointed Representative of primis Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.
Embrace Financial Services Ltd. Is an Appointed Representative of primis Mortgage Network, a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.
Lettings and management We offer a complete range of services for Landlords, from fully managed lets to advertising only.
Each Landlord who chooses full management has a personal Property Manager and all our fees are based on a ‘no let - no fee’ basis. Disclaimer These particulars are a general guide only.
They do not form part of any contract. Services, systems and appliances have not been tested.
Buyers information To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers.
We use the services of our appointed compliance provider, Simplify, who will contact you directly at an agreed time to do this.
They will need the full name, date of birth and current address of all buyers. There is a charge of £99 including VAT for this (for the transaction not per person), payable direct to Simplify.
Referral fees We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying.
We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider.
The ancillary service provider may be an associated company of Davis Tate. DRE260167/
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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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
FAQ
About 18, Palmer Street, Berkshire
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