We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom house · RG4 7RQ
Sold STCListed 177 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within this sought after development for the over 55's is this recently refurbished GROUND FLOOR apartment that offers easy access to central Caversham with its popular shops, amenities and Thames side walks.
The property boasts direct access to the patio and communal gardens. Internally there is a good sized living room, double bedroom with ample fitted wardrobes, modern kitchen and a stylish shower room.
There are attractive communal gardens, ample residents parking and visitors parking. To appreciate the space on offer call now to view.
Entrance - The property is easily accessed from Priest Hill through attractive communal gardens. To the front of the property there is storage cupboard and front door that leads to the hallway.
Hallway - A spacious, carpeted entrance hall with doors to the living room, bedroom, bathroom, kitchen and airing cupboard.
Bedroom - 3.53m x 2.57m (11'7 x 8'5) - A good sized, carpeted double bedroom with a large window to the front of the property and built in wardrobes.
Living Room - 3.91m x 3.76m (12'10 x 12'4) - A large, carpeted living room with feature fireplace and patio doors leading to the garden.
Kitchen - 3.91m x 2.01m (12'10 x 6'7) - Galley style kitchen with carpet tiles, plenty of eye level and base units with roll top work surfaces, inset sink and drainer, built in oven, hob and extractor with space for a fridge freezer and washing machine with window overlooking the garden.
Shower Room - 2.26m x 2.01m (7'5 x 6'7) - A modern and stylish shower room with vinyl flooring, shower, WC, sink with storage and frosted window to the front of the property.
Patio Garden And Views - A private and easy to maintain garden, mostly laid to lawn with patio area and good views over the valley. Services - Water. Mains Drainage. Mains Electricity. Mains Heating.
Electric Appliances: All the appliances are untested Mobile phone. The vendor is not aware of any specific restricted mobile phone coverage Broadband.
Ultrafast, information obtained from Ofcom Tenure - Leasehold Lease length - 125 years from 24th June 1989 Service charge - £1747.89 per year Ground Rent - peppercorn
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
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FAQ
About The Cloisters, Priest Hill, Caversham
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