1-bedroom flat · RG30 2HU
For saleReduced £5k (−2.9%) on 8 AugListed 176 days
Opportunity summary
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About
Sansome & George Reading - Offered with No 'Onward Chain' this smart 2nd (top) floor one bedroom Apartment with allocated parking and well tended grounds is conveniently located on the Elm Park development hence within yards of Prospect Park, regular buses and a short walk from Reading West train station.
Offered to the market with the added advantage of 'No Onward Chain' complications, this purpose built 2nd (top) floor apartment is ideally located in the popular Elm Park development approached via Tilehurst Road hence within yards of frequent regular bus services, Kensington Recreation Ground and Prospect Park.
Other amenities nearby include Reading West train station (London Paddington, Newbury, Basingstoke, Theale) The Meadway shopping precinct plus a range of gyms, shops, supermarkets, pubs, cafes and restaurants all being within 1 mile.
Reading's thriving town centre is under 2 miles and the M4 motorway is a simple commute by car via the nearby A4 Bath Road.
The property is approached via telephone entry system to communal entrance hall with stairs rising to the 2nd floor.
The front door opens to a spacious central entrance hall (with built in airing cupboard housing hot water cylinder), with door to all rooms.
These comprise of a living room, separate side aspect fitted kitchen, which includes integrated electric oven with hob and filter over, double bedroom and a 3 piece bathroom with electric shower over bath.
The property is further complemented by double glazed windows throughout and independent electric heating. Outside, the property benefits from one allocated parking space.
There is also additional visitor parking, refuse area and maintained lawned garden areas for shared use of the residents.
Suited to either private owner occupation or as an attractive 'Buy-to-Let' opportunity, the property must be seen to be appreciated.
Please contact Sansome & George Estate Agents for more information or to arrange a viewing appointment at your earliest convenience.
Reading Borough Council - Band B Leasehold Information:- Lease Term:- 125 years from 2000 (circa 99 years remaining) Ground Rent:- £150 per annum (reviewed every 25 years, next review 2050) Service/Maintenance Charges:- £1391.92 per annum 2025/26 (to include buildings insurance)
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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About 127, Elm Park, Reading
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