2-bedroom flat · RG2 0GZ
For saleListed 28 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious two-bedroom, two-bath apartment situated within Thorney House, part of the popular Kennet Island development in Reading.
Offering approximately 758 sq ft of well-arranged accommodation, the property features a generous reception room, separate kitchen, two well-proportioned bedrooms and the added benefit of one allocated parking space.
The principal bedroom benefits from its own en-suite shower room and built-in storage, while the second bedroom is a good-sized double.
A separate family bathroom and further hallway storage complete the accommodation, providing a practical layout with excellent space throughout.
Thorney House is conveniently positioned for Reading town centre, Green Park and the M4 at Junction 11.
Reading Green Park station is approximately 1.1 miles away, while Reading station offers fast services to London Paddington and Elizabeth Line connections across London.
Approximate Service Charges: £228.34pcm* Lease: 971 years *Service charges are estimated and may subject to change and will be reviewed annually, usually on 1st April each year.
Value & comps
No previous sales on record.
Returns
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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 MTVH OR - Flat 22, Thorney House,, Drake Way, Berkshire
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