1-bedroom flat · RG31 5DB
Sold STCListed 404 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PARKERS - A well-presented first-floor apartment situated within a highly sought-after over-55s development in RG31 5DB.
This charming one-bedroom home offers light and well-proportioned accommodation, ideal for those seeking a peaceful yet well-connected lifestyle.
The property features a welcoming entrance hall, a bright and airy living/dining room, a fitted kitchen, a comfortable double bedroom, and a modern bathroom.
The development is set within well-maintained communal gardens and offers residents’ parking, creating an attractive and secure environment.
Conveniently positioned approximately 0.3 miles from local shops and amenities, the property also benefits from excellent transport links, with regular bus services to Reading town centre and easy access to major road networks.
Offered with no onward chain, this appealing apartment presents an excellent opportunity to enjoy comfortable, low-maintenance living within a friendly community.
Pegasus Court is located in central Tilehurst within a short walk to shops, restaurants & bus routes into Reading town centre.
There are communal gardens and living areas shared by all the occupants and regular excursion trips are also organised. The apartment is located in Cumberland Lodge on the first floor.
There is an abundance of light flowing through the flat with a dual aspect living room, a modern kitchen, bathroom and a double bedroom with built in wardrobes.
The property is offered with no onward chain complications. At the time of Instruction we have been advised by the vendors of the following information: Services available - electric & mains drainage.
Lease 118 years. Ground Rent & Service Charge - 3391.40 Per Year. Council Tax Band D (Reading Borough Council) £2,367.47 The above information may be subject to change during the transaction period
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Pegasus Court, Park Lane, Tilehurst, Reading, RG31
Explore nearby