1-bedroom flat · RG2 0GJ
For saleReduced £10k (−5.6%) on 8 OctListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sansome & George Reading - Offered with No Chain, this desirable 1 Bedroom First Floor Apartment with Balcony and allocated Parking is located within the popular Kennet Island development.
Offered to the market with the added advantage of no 'onward chain' this modern first floor apartment is situated within the highly desirable Kennet Island development and hence located just 3 miles from Reading Town Centre and within minutes commute of the A33 and Junction 12 of the M4 motorway, as well as Green Park Train Station.
Immediate local amenities within minutes walk include shop, cafe, gym, hotel and private hospital as well as access to frequent bus services to Reading town centre with mainline train station plus a comprehensive range of shopping, recreational and leisure facilities.
Positioned on the first floor and offering 467 sq. Ft. (43 sq.
M.) of accommodation, the property is complemented by an allocated parking space plus bicycle storage, the property is approached via a communal entrance hall with intercom entry phone system, and stairs rising to the first floor.
Well maintained throughout, the front door opens to the entrance hall provides access to all rooms and features a useful utility cupboard with plumbing for automatic washing machine/dryer, and the unvented pressurised hot water cylinder.
The main living room is open plan to a well appointed modern kitchen which includes breakfast bar, integrated electric oven, hob, fridge and a dishwasher.
Patio doors and a full height window span the rear of the living room open to a charming balcony with contemporary frosted glass balustrade.
The bedroom enjoys a rear aspect and is boasts a fitted double wardrobe while the separate bathroom includes a white suite with shower over bath and glazed shower screen plus a heated towel rail.
The property is further enhances by double glazed windows throughout and independent electric heating.
Suited to either owner occupation or as a attractive buy-to-let investment purchase, please contact Sansome & George Estate Agents at your earliest convenience for further information or to arrange a viewing appointment.
Leasehold Information:- Lease Term:- 999 years from 2006 Ground Rent:- £tbc Service Maintenance Charges:- £tbc Reading Borough Council - Band C
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.
Area
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FAQ
About 117 Heron House, Kennet Island, Reading
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