5-bedroom house · RG1 5RJ
Listing removedListed 195 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An attractive period property set within a sought-after University address, thoughtfully converted into two well-appointed apartments and offered for sale with the option of tenants in situ as an ongoing investment or with vacant possession.
The ground floor offers a well-proportioned two-bedroom apartment with direct access to a private, westerly facing garden with an area of timber decking, ideal for afternoon and evening sun.
Arranged over the upper floors, the second apartment is a spacious three-bedroom, split-level home featuring a 17ft living room and an en suite to the principal bedroom.
The property further benefits from driveway parking and a highly convenient location, within easy reach of the University campus, the Royal Berkshire Hospital, and Palmer Park.
Excellent transport connections are close at hand, with regular local bus routes and straightforward access to both Reading mainline station and Earley station.
Garden The lawned garden enjoys a westerly aspect and is part-walled with an area of timber decking, useful storage shed and pedestrian side gate access.
Additional Information: Parking The property has driveway parking for two vehicles.
Property construction – Standard form Services: Gas - mains Water – mains Drainage – mains Electricity - mains Heating - gas central heating Broadband connection available (information obtained from Ofcom): Ultrafast – Fibre to the premises (FTTP) Mobile phone coverage For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker” The property is located in a conservation area Current rental income is as follows: Gf £1105 pcm First floor flat £1225 pcm
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
Agent & docs
FAQ
About 32 A & B, Bulmershe Road, Reading
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