1-bedroom flat · RG4 8JN
For saleReduced £5k (−3.2%) on 22 SepListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An ideal first time buy or rental investment with A 7% yeild: No chain: Set within this central Caversham location is this light and airy one double bedroom apartment.
The property boasts a modern & stylish semi open plan kitchen, good sized living room and a stylish en-suite shower room. To the rear there is a communal garden with a storage shed.
To appreciate the space and location call now to view.
Communal Entance A good sized communal entrance with door to the communal garden and stairs to the 1st floor: Entrance Wood effect flooring, entry phone system, open to the kitchen area and living room Kitchen Area (2.67m x 1.52m (8'9 x 5'0)) A modern and stylish kitchen with ample wall and base units with wood effect surfaces.
Inset stainless steel sink and drainer, four ring hob, oven, extractor, slim line dishwasher, fridge freezer and washing machine. Tiled splash backs and laminate wood flooring.
Living Room (3.58m x 3.00m (11'9 x 9'10)) A good sized living room with a double glazed window to the front allowing plenty of natural light, laminate wood flooring, door to bedroom.
Bedroom (3.63m x 2.90m (11'11 x 9'6)) Offering views over the rear garden is this light and airy room, carpeted, door to fire exit, door to en suite.
En Suite (1.35m x 1.24m (4'5 x 4'1)) A modern and stylish shower room comprising of a shower cubical, low level WC, wash hand basin with mixer tap and chrome heated towel rail.
Extractor, tiled floor and part tiled walls. Communal Garden A good sized communal garden with rear access and a storage shed.
Tenure Service charge: £61.31 pcm inc buildings insurance Ground rent: Peppercorn Lease: New 999 year lease Parking. No parking available Services Water. Mains Drainage. Mains Electricity.
Mains Heating. Electric Mobile phone. The vendor is not aware of any specific restricted mobile phone coverage Broadband. Superfast, information obtained from Ofcom
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.
Area
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FAQ
About Flat 6, 66, Prospect Street, Reading
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