1-bedroom flat · RG1 7NT
Listing removedListed 7 daysAuction 24 Jun · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Under the Hammer online auction on Wednesday 18th November 2026. Head over to our website to download the legal pack, register to bid and see more information.
A Vacant Long Leasehold One Bedroom Raised Ground Floor Flat situated on George Street, a residential street off the Oxford Road in West Reading, around 0.3 miles from Reading West station and under a mile from the town centre and Reading station.
The flat requires modernisation and offers an opportunity for investors or first-time buyers seeking an affordable entry into the Reading market, with the benefit of a long-lease extension route under the 1993 Act.
The accommodation briefly comprises a living room with open-plan kitchen, a bedroom and a bathroom with WC.
The property benefits from gas central heating with programmer, room thermostat and thermostatic radiator valves, and double glazing, and is held on a lease of 99 years from 24 June 2002 with approximately 75 years unexpired.
Externally the flat forms part of a converted Victorian mid terrace house arranged over lower ground, raised ground and two upper floors.
Kensington Park is around 200 metres away and Battle Primary Academy about 0.3 miles, with Reading Girls' School around a mile and a half.
Reading West station is about 0.3 miles and Reading station around 0.8 miles, with Elizabeth Line services and GWR trains to London Paddington in about 25 minutes, the Oracle shopping centre and town centre are a short walk, and the M4 is reached at Junction 11 or 12, each around four miles away via the A33 or A4.
Block viewings are available on this property, ensure you've confirmed your attendance on our website before arriving.
VIEWING DAYS & TIME Saturday 31st October 2026: 12pm Tuesday 10th November 2026: 12pm Monday 16th November 2026: 12pm Here's what to do next Visit - Our website and view the auction terms.
View - Book a viewing directly through our website. Register - Get registered prior to the auction opening date. Legal Pack - Download and view the legal pack to find out all the relevant information.
Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
Bidding - Everything is completed online through the website and the intuitive bidding controls.
If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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
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FAQ
About Flat 1, 22 George Street, Reading, RG1 7NT
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