1-bedroom house · RG2 8PH
For saleListed 164 days
Opportunity summary
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About
Sansome & George Reading - A smart purpose built first floor one bedroom Retirement Apartment located in a small complex exclusive to owners aged over 55 years of age.
Offered with no 'onward chain' complications.
Having been recently redecorated throughout and boasting a brand new Kitchen, this purpose built First Floor Retirement Apartment is offered with the advantage of No 'Onward Chain' complications and is suited for occupation by owners aged 55 years and over.
Occupying a 'tucked away' position within this purpose built pocket development in south Reading, the property is situated close to local shops and frequent bus services and a short commute from the M4 Motorway and Lower Early Shopping Precinct with Asda Supermarket.
Set in well maintained communal Gardens with Parking available, this First Floor Apartment is approached via a Communal Entrance Hall, where stairs rise to the Landing.
The Front Door opens to the Entrance Hall with built in shallow store/meter cupboard and doors leading to front aspect 'double' Bedroom and a separate 3 piece Bathroom with shower over bath and built in airing cupboard housing hot water cylinder, and a spacious front aspect Living Room.
A door from the Living Room opens to a re-fitted Kitchen which includes integrated electric oven and hob with filter hood over.
Other benefits include UPVC double glazed windows, independent electric heating and intercom system with panic chords as well as a Site Manager, residents Laundry and use of a Guest Room.
LEASEHOLD INFORMATION:- Lease Term:- A new lease of 99 years will be assigned to the new owner upon purchase at a cost of £580.00 including VAT payable by the purchaser.
Management/Service Charges:- £4,537.02 per annum (2026/27) Ground Rent:- Nil Reading Borough Council - Band B
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.
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