2-bedroom flat · RG4 8ET
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Boasting a patio garden and attractive communal gardens is this good sized two double bedroom two stylish bathroom apartment set within this sought-after central Caversham development.
The property boasts attractive views towards the river Thames and Christchurch Meadows. In addition there is a good sized living room, modern semi open plan kitchen and allocated parking.
There is easy access to the local shops and amenities of central Caversham. Reading mainline station with its fast links to London is close by. To appreciate the space on offer call now to view.
Entrance Hall (5.8 x 1.25 (19'0" x 4'1")) Spacious entrance hallway with wooden flooring and two storage cupboards. Doors to bedrooms, bathroom and living room.
Living/Dining Room (4.69 x 4.69 (15'4" x 15'4")) Large. Double aspect living space with wooden floors and ample room for lounge and dining areas as well as space for a desk.
Double doors lead into the kitchen and patio doors are set into a bay window, leading to private patio.
Kitchen (2.41 x 2.69 (7'10" x 8'9")) Good sized kitchen with window to side of house and ample built in floor and wall units, including built-in oven and hob, fridge freezer, washing machine and dishwasher.
Bedroom One (3.51 x 3.7 (11'6" x 12'1")) Spacious, carpeted room with large built in wardobe, double windows to front of property and door to en-suite bathroom Ensuite Bathroom (2.22 x 1.6 (7'3" x 5'2")) Spacious ensuite bathroom, fully tiled, with heated towel rail and built-in sink and W/C unit.
Bedroom Two (2.89 x 2.89 (9'5" x 9'5")) Good size, carpeted bedroom, with window to front Shower Room (1.78 x 1.52 (5'10" x 4'11")) Fully tiled shower room with heated towel rail, built in sink unit and matching built in W/C.
Garden Private patio looks out onto communal gardens laid to lawn, and beyond to the Thames Path and river.
Tenure Lease length: 125 years from 1st December 1999 Ground rent: £300 per annum Service Charge: £1799.36 per annum Services Water. Mains Drainage. Mains Electricity. Mains Gas. Mains Broadband.
Ofcom-Ultrafast. Information obtained from Ofcom Mobile phone: The owners are not aware of any mobile coverage restrictions.
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 Patrick Road, Reading
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