1-bedroom flat · RG1 7AN
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity for first-time buyers and investors alike, this contemporary fourth-floor, one-bedroom apartment is now offered at a significantly reduced guide price of £180,000, with an attractive potential gross rental yield of approximately 8.6%.
Situated within a well-maintained building with lift access, the apartment benefits from secure allocated parking and a communal residents' terrace, providing a pleasant outdoor space.
The well-presented accommodation comprises a spacious double bedroom with ample storage, a modern bathroom and a bright open-plan living/dining area, complemented by a fitted kitchen with integrated appliances.
The lease will be extended to approximately 189 years upon completion, offering long-term reassurance for prospective purchasers.
Ideally positioned within easy walking distance of Reading town centre and the mainline railway station, the property enjoys excellent transport connections, including direct services to London, together with convenient access to shops, restaurants and leisure facilities.
Combining modern, low-maintenance living with strong investment potential, this apartment represents an excellent opportunity for first-time buyers, professionals and buy-to-let investors.
With a newly reduced guide price of £180,000, an attractive potential rental yield and no onward chain, early viewing is highly recommended.
Contact Winkworth Reading today to arrange your appointment. Location: Mayer House located in Chatham Place within the fringes of Reading Town Centre.
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.
Home to many of the city's commuters there are excellent road or rail links 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.
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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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
Agent & docs
FAQ
About Chatham Place, Reading, Berkshire, RG1
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