3-bedroom flat · RG1 6QQ
For saleListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market, this well-presented three-bedroom upper floor apartment is ideally situated in the heart of Reading town centre, providing excellent access to a wide range of local amenities and just a 0.6-mile walk from Reading railway station.
Spacious throughout, the property comprises a generous 14ft living/dining room, kitchen, two double bedrooms - with the principal bedroom benefitting from an en-suite shower room - a further bedroom/study, and a family bathroom.
Externally, the property also benefits from allocated parking for two vehicles. Further advantages include a long lease and no onward complications. EPC rating C.
Local Information Fast non-stop services to London Paddington, access to Jct.
11 & 12 of the M4 and within 30 miles of London Heathrow, central Reading is a desirable area for commuters and families alike.
The town is made up of old and new, the Town Hall, Abbey Ruins and Forbury Gardens are complemented by the newly developed Train Station and Oracle Shopping Centre offering numerous bars, restaurants and the latest shops.
Reading is set between the River Thames and River Kennet which meanders through the centre.
There is no shortage of leisure facilities with various gyms, clubs and societies not to mention its own football and rugby teams.
Reading boasts its renowned university along with college and highly sought after primary and secondary schools.
Accommodation The property is accessed via an entrance hall with a storage cupboard and doors leading to all three bedrooms, including the principal bedroom with en-suite, the family bathroom, and the spacious living/dining room, which provides access to the kitchen.
Outside Space The property benefits from two allocated parking spaces.
Additional Information Water, mains drainage and electric connected Reading Borough Council Council Tax Band C Lease Information Lease 999 years from 29th September 1987 Service Charge - £3,184.00 Ground Rent - £277.00 Should you proceed with the purchase of this property you should verify this information with your solicitor.
Conveyancing We work with DT Conveyancing to help you buy your property with confidence. Your dedicated conveyancer will keep you informed at every stage from start to finish.
Making your move a stress-free and straightforward as possible.
Mortgages your home may be repossessed if you do not keep up repayments on your mortgage Exclusive deals are made available to Embrace Financial Services by primis Mortgage Network, to which Embrace Financial Services are an Appointed Representative Davis Tate Limited is an Introducer Appointed Representative of primis Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.
Embrace Financial Services Ltd. Is an Appointed Representative of primis Mortgage Network, a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.
Lettings and management We offer a complete range of services for Landlords, from fully managed lets to advertising only.
Each Landlord who chooses full management has a personal Property Manager and all our fees are based on a ‘no let - no fee’ basis. Disclaimer These particulars are a general guide only.
They do not form part of any contract. Services, systems and appliances have not been tested.
Buyers information To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers.
We use the services of our appointed compliance provider, Simplify, who will contact you directly at an agreed time to do this.
They will need the full name, date of birth and current address of all buyers. There is a charge of £99 including VAT for this (for the transaction not per person), payable direct to Simplify.
Referral fees We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying.
We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider.
The ancillary service provider may be an associated company of Davis Tate. DRE250789/
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 58, New Bright Street, Berkshire
Explore nearby