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See how verdicts work1-bedroom flat · RG30 1EY
For saleReduced £10k (−11.1%) on 18 JulListed 390 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sansome & George Reading - This smart 1 bedroom first floor Retirement Apartment (aged over 55 only) is offered with no 'Onward Chain', benefits from a stair lift, and is set in well tended grounds with parking and communal lounge with kitchen and laundry, as well as being located within close proximity of all amenities.
Offered with no 'onward chain', this well presented retirement apartment is available exclusively to owner occupiers aged 55 or above.
Located on the first floor, the property overlooks and is set in Ideally situated and well tended maintained communal gardens, yet within minutes of host of services and amenities to include regular bus services, supermarkets and shops, cafes, pubs and restaurants plus Battle Library, doctors surgery and local green spaces.
The property is approached via the communal entrance hall (with intercom entry system) which also services the residents lounge with kitchen, separate laundry and site managers office.
Stairs from an inner lobby rise to the first floor with exclusive use of a privately owned personal stair lift (under warranty until Nov 2026).
The front door opens to a central entrance hall (with airing cupboard) which gives access to the living room, bedroom and a modern shower room with white suite including vanity unit with inset basin and w/c, cubicle enclosure with fitted seat, plus a heated towel rail and a window.
The rear aspect living room overlooks the communal gardens and with and arch leading to a well appointed fitted kitchen with integrated hob, microwave, high level oven and appliance space for slim line dishwasher.
The bedroom is complemented by ample fitted storage.
As a general point to note, the independent electric heating has also been updated throughout the property Outside, the well tended and maintained communal gardens surround the development where there is site parking available for residents and visitors.
Please contact Sansome & George for more information or to arrange an appointment to view at your earliest convenience.
Leasehold Information: Lease Term:- A new lease of 99 years will be assigned to the new owner upon completion (£400 admin fee payable).
Service/Maintenance Charges:- £2368.20 per annum Management Company - Churchill Please note the Affordable Housing Scheme Allows the home to be sold at 70% of full market value however you own 100% of the property.
Reading Borough Council - Band B
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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FAQ
About 6, Gordon Palmer Court, Reading
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