2-bedroom flat · RG1 3GX
For saleReduced £9k (−7%) on 21 JunListed 466 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Shared ownership Full Market Value: £430,000 Share Value (30%): £129,000 Monthly Rent: £503.72 Service Charge: £335.69 Council Tax Band: D 990 year lease commenced in January 2021 - 986 years remaining The property, with its own front door leading from a full width south west facing private patio area, boasts a high specification open plan living area on the ground floor, featuring a Symphony kitchen with integrated appliances including fridge freezer and dishwasher.
A washer dryer is housed in a separate utility cupboard/cloakroom. On the first floor there are two double bedrooms and two luxury bathrooms, one en suite and which also opens onto a juliette balcony.
The property benefits from an allocated parking space.
With a café, restaurant, local store, gym and 'Monkeymoos' nursery, as well as beautifully landscaped gardens to complement the riverside setting, Huntley Wharf will become an extension of the town centre.
Follow the River Kennet to the town centre to find a host of shops, restaurants, bars and nightlife, all less than a mile away.
Reading's location in the Thames Valley, with its proximity to London, means the town plays a key role in the UK's transport system and attracts many commuters.
Benefit from National Rail services into London Paddington in 25 minutes* and local services on the Elizabeth Line from Reading Central train station, and to other UK cities such as Bristol, Cardiff, Exeter, Birmingham and Southampton Central.
The M4 connects Reading to Heathrow Airport and the rest of London, whilst other nearby towns and cities such as Oxford, Slough, Newbury and Guildford are easily accessible by road or rail.
The buyer will require a deposit to obtain a mortgage for this property. To meet the requirements for this property we require as a guideline, a minimum household income of £55,897.
If you are offered the home, your ability to afford this property will be assessed at your financial interview.
Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes.
If you are not registered please visit our website and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract.
The descriptions and all other information are believed to be correct as of July 2025.
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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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 advisors 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
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FAQ
About Palmer Street, Huntley Wharf
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