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See how verdicts work2-bedroom flat · RG1 8BY
Sold STCListed 196 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented top (third) floor apartment, with lift access, situated in a popular residential location, close to a wide range of local amenities in Caversham and walking distance to Reading mainline train station.
The property offers spacious accommodation comprising; entrance hallway with storage cupboards, open plan sitting/dining room with Juliette balcony over-looking the communal gardens, kitchen area, bedroom one which is a large room with plenty of space for fitted wardrobes, second bedroom and family bathroom.
There is an allocated, secure and gated parking space and a communal garden which has mature trees and lawn area. There is a secure entry-phone system and a lift in the building and a bike store.
EPC rating C, Council Tax Band C. Viewing is recommended.
Location Caversham Place is an ideal location for access to local amenities in Caversham, with Caversham bridge just a couple of minutes walk from the property.
There is a wide range of local independent businesses in Caversham, including cafes, restaurants, pubs and shops and a Tesco Express and Waitrose supermarket.
There is a library, doctor's surgery and bus routes nearby and the newly opened Village Gym is located just over the road, and the River Thames is also a short stroll with river walks to enjoy.
For commuters, Reading mainline train station which is approx. 0.5 miles, offers fast link services to London, Paddington in approx.
25 minutes as well as the Elizabeth Line giving direct access to London's West End and Canary Wharf. Additional information Standard construction.
Lease was originally 99 years from 1st December 2007 and has been extended by 90 years in 2025,170 years remaining expiring 1st December 2196.
Service Charge & Management Charge for 2026 - £1809.72 per annum, managed by jm Estates contracted by Home Group Housing Association.
Ground Rent - £75 per annum, rising to £125 in 2032 (25 years after commencement date).
Services - Electric heating, (no gas at property), mains water (no water meter at the property), mains sewers, mains electrics.
Broadband - There are providers in the location offering Standard and Ultrafast Broadband, including CityFibre and Virgin Media, potential purchasers are advised to check with Ofcom to get the details which may be subject to change - .
Current vendor notes speeds of 350Mbps broadband provided by Virgin Media fibre to the property.
Mobile Phone - Buyers are advised to check via Ofcom (website address above), ahead of purchase as these could be subject to change.
There are registered covenants and easements in the title which prospective purchasers should seek guidance from their conveyancer.
There are some legal fee's any purchaser will need to pay if purchasing the property, these figures are dated for the year of 2025 and could change, they include but not limited to - Deed of Covenant fee approx.
£175+VAT, Mortgage approval fee £75+VAT, Notice Fee's £75+VAT per notice, Grant of new lease £500+VAT, Pet Licence £125+VAT, buyers should seek guidance from their conveyancer.
Please also note all measurements are approximate, the floor plan and photographs are for guidance only. We have not tested or checked any apparatus, fixtures and fittings or services.
You may not publish these property details on any other website without the written permission of Fox-Beckett Independent Estate Agents.
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 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.
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FAQ
About 48, Caversham Place, Reading
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