1-bedroom flat · RG4 7SN
Sold STCListed 176 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A sought after one bedroom ground floor retirement flat situated in this popular development right in the centre of Caversham.
Within minutes walk of bus stops, Waitrose, pharmacy, River Thames and the delightful Caversham Court Gardens.
Includes own personal door to communal rear garden, residents lounge and emergency pull cords for assistance BACKGROUND Priory Court is a retirement development that consists of 27 apartments and is exclusively for residents aged 65 years or over where, subject to availability, there is a part time manager on site.
Each flat along with the communal areas have a 24hour emergency call system.
Extra features include a residents lounge area with kitchen and a guest suite available for relatives staying over night, subject to booking ENTRANCE HALL Recently redecorated throughout with new carpets LIVING/DINING ROOM 20ft large living/dining room with patio door and window looking down the communal garden KITCHEN Separate kitchen with washing machine, fridge, oven and electric hob BEDROOM 15ft bedroom at the back of the development with built in wardrobes BATHROOM (SHOWER ROOM) with large walk in shower COMMUNAL GROUNDS Well maintained communal gardens RESIDENTS PARKING There is non allocated residents parking area to the front which includes visitor parking TENURE Leasehold Original lease - 125 years Lease remaining - 99 years Service charge - £3,717.48 per annum Ground rent - £349.58 per annum COUNCIL TAX Band C FREE MORTGAGE ADVICE We are pleased to be able to offer the services of an Independent Mortgage Adviser who can access a variety of mortgage rates from leading Banks and Building Societies.
For a free, no obligation discussion or quote, please contact Stuart Milton, our mortgage adviser, on
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
Agent & docs
FAQ
About Priory Court, Priory Avenue, Reading
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