2-bedroom flat · RG1 8AB
Under offerListed 558 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Masons are proud to offer to the market this immaculately presented 2 bedroom second floor apartment situated in a popular development within walking distance of The River Thames, Reading Town Centre and mainline station.
Close to a plethora of local amenities, the property has undergone recent improvements by the current owner including a full redecoration and new flooring.
The spacious accommodation comprises of a 23ft open plan kitchen/living/dining room with access to the balcony overlooking Reading Town Centre, a 13ft master bedroom with en-suite shower room, an 11ft second bedroom and a family bathroom.
Further benefits of the property include a lease length of 134 years, allocated parking, UPVC double glazing, lift access and a secure entry system. VIEWING RECOMMENDED.
Front door opens into the hallway which boasts two large storage cupboards and doors to...
Open plan kitchen/living/dining room: 23`6" x 12`1" Double glazed with a front aspect and access to the balcony which has views over Reading.
The kitchen is fitted with a range of modern eye and base level units with roll edge tops and tiled surround, 1.5 sink with drainer, a range of integrated appliances including oven, hob with extractor above, fridge/freezer, dishwasher and washing machine.
Master bedroom: 13`10" max x 11`3" max Double glazed with a front aspect, Juliet balcony and a door to the en-suite. En-suite: Fitted with a panel enclosed shower, low level WC and hand wash basin.
Bedroom 2: 11`9" x 8`6" Double glazed with a front aspect. Bathroom: Fitted with a bath, low level WC and hand wash basin.
Outside: The property boasts allocated parking, has nearby visitors parking and is walking distance to local amenities including Reading Town Centre, mainline station, The River Thames and Kings Meadow.
Notice Whilst every care has been taken in the preparation of these particulars, and they are believed to be correct, they are not warranted and intending purchasers/lessees should satisfy themselves as to the correctness of the information given.Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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.
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