2-bedroom flat · RG1 6BS
For saleListed 60 days
Opportunity summary
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About
A characterful one/two bedroom town centre apartment set in the former Simonds Malthouse building.
Steeped in history the building is a Grade II listed former Malthouse built in the 1890s as part of the extensive H&G Simonds brewery operations which formed one of the three b's (Biscuits, Bulbs and Beer) which have made Reading famous and converted in the early 2000s.
Set on the first and second floors of the building this unique apartment boasts an L-shaped living/dining room with a modern Wren kitchen with a range of integrated appliances, there is a double bedroom with built in wardrobe and a contemporary bathroom complete with a bath and separate shower enclosure.
A steel spiral staircase leads up to fabulous mezzanine area overlooking the living area which is currently utilised as the principle bedroom.
On this floor there is also large walk in wardrobe/storage area/study space.
Retaining a wealth of original features and immaculately presented throughout this stylish apartment oozes character and would suit young professionals, someone downsizing or make a great second home.
Further benefits include an allocated off road parking space and lift access. This delightful apartment is being sold with no chain complications.
Location: Simmonds Malthouse is located on Fobney Street in the popular Holybrook development in Reading Town Centre right next to the Oracle shopping entertainment complex and on the banks of the Kennet and Avon canal.
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 a great selection of boutiques with riverside dining and entertainment options 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.
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.
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About 5, Simmonds Malthouse, Reading
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