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See how verdicts work3-bedroom flat · RG1 3FS
For saleListed 10 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying the fourteenth floor of Verto, one of Reading’s landmark waterside developments, this impressive three-bedroom penthouse offers panoramic views across the Thames Valley and the Reading skyline to the north, east, and south.
Combining spacious accommodation, contemporary living and excellent residents’ facilities, the property offers a distinctive home in a prominent town centre location.
The accommodation centres around a generous open-plan living, dining and kitchen area, with doors opening onto a private balcony, providing the perfect spot to relax and enjoy the far-reaching views.
There are three well-proportioned double bedrooms, including a principal suite with a dedicated dressing area, study space and en suite bathroom.
The remaining bedrooms offer flexibility for family living, guests or working from home.
Further benefits include secure allocated parking with EV charging provision and access to a range of residents’ amenities, including a lounge, communal kitchen and gymnasium.
Ideally positioned for Reading town centre’s extensive shopping, dining and leisure facilities, the property also benefits from convenient access to Reading station, offering direct rail connections to London and the wider region.
The property is offered to the market with **no onward chain**. Additional Information: Parking There is allocated parking at the property Lease information.
Lease: 250-year original lease; 242 years remaining Service charge: £7,628.95 per annum Ground rent: £740 per annum Ground rent review period: Every 21 years; the next ground rent review period is 28th September 2039 in line with rpi Property construction – Standard form Services: Water – mains Drainage – mains Electricity - mains Heating - Underfloor.
Broadband connection available (information obtained from Ofcom): Ultrafast – Fibre to the premises (FTTP) Superfast - Fibre to the cabinet (fttc) Standard - adsl/copper wire 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”
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
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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
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FAQ
About 120 Kings Road, Reading
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