2-bedroom flat · RG30 3ES
Listing removedReduced £6k (−2.1%) on 30 SepListed 255 days
Opportunity summary
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About
Sansome & George Reading - Offered with no 'Onward Chain' this superb 12 year old Penthouse Apartment is finished to a high specification, boasts a wrap around balcony giving elevated outlook over communal gardens and beyond, and is complemented by a secure under croft parking space.
Offered to the market with the added advantage of no 'onward chain' and well presented throughout, this fourth (top) floor penthouse apartment with wrap around balcony boasts elevated panoramic views and is ideally situated close to a wealth of amenities.
Positioned just off the A4 Bath Road, Reading town centre is circa 1 mile and both J11 & J12 of the M4 Motorway, each being approx. 3 miles in distance and a simple commute.
This exclusive property is also within close proximity of Reading West train station, several frequent bus services, green spaces to include Prospect Park plus shops, supermarkets, gyms, pubs and restaurants all being conveniently nearby.
Built in 2012, this purpose built apartment was one of just five penthouses finished to a good specification throughout and is complemented by an allocated parking space in the secure under croft parking area and also enjoys use of well tended grounds shared with the other residents.
The complex is approached via block paved frontage with maintained leafy shrub beds, ramp leading down to parking and steps rising to the communal entrance with video intercom entry system.
A lift and stairs access to the fourth floor where a communal lobby area and hallway lead to the private front door.
The central entrance hall has doors to all rooms and also features a practical utility cupboard housing plumbing for automatic washing machine (and unvented pressurised hot water system), plus and additional cloak cupboard.
Enjoying great natural light throughout with large windows in the living room and both bedrooms overlooking the balcony, the modern kitchen is well appointed to include an integrated fridge/freezer, dishwasher, oven and hob.
Bedroom 1 boasts an en-suite shower room and there is also a spacious three piece bathroom, which includes a heated towel rail and a shower over bath, with glazed shower screen.
Another notable feature of the property is the generous paved balcony, which is accessed via French doors from the living room and wraps around the entire apartment.
Please contact Sansome & George Estate Agents for further information or to schedule a viewing appointment at your earliest convenience.
Leasehold Information:- Lease Term:- 125 years from 9/2012 hence circa 111 years remaining Ground Rent:- £324.00 per annum Service/Maintenance Charges:- £1782.00 per annum to include buildings insurance Reading Borough Council - Band C
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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FAQ
About Flat 51 Priory Point, 36, Southcote Lane, Reading
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