1-bedroom flat · RG4 8HU
Sold STCReduced £5k (−2.7%) on 26 MayListed 883 days
Opportunity summary
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About
A super studio apartment situated in the very heart of Caversham centre, ideal for access to Reading town centre and Reading station.
Completely refitted internally to include new kitchen and shower room along with new flooring throughout.
Includes 21ft living/kitchen, video entry phone system and residents lift SITUATION This property is a short walk from local amenities including the public library, doctors surgery, dental practice, Thameside Primary School and an excellent range of small restaurants, pubs, local shops and Waitrose supermarket.
There are frequent bus services to Reading and beyond. Nearby, Christchurch Meadows and the Thames Towpath provide extensive opportunities for walking, cycling and sporting activities.
There is easy access to Reading mainline station with journey times to London Paddington approx.
25 minutes and has been further complemented with the arrival of Crossrail that offers direct routes to the central areas of the City of London COMMUNAL ENTRANCE HALL With video entry system and residents lift OPEN PLAN LIVING ROOM/KITCHEN Approx.
21ft in length with space for sofa and small table Kitchen - newly fitted with worktop including sink unit and inset Bosch hob with Bosch electric oven below and concealed extractor hood, range of cupboards including integrated dishwasher, two side aspect windows BEDROOM AREA Twin front aspect, radiator, spotlights SHOWER ROOM Newly fitted to comprise: double width shower cubicle with overhead rainfall shower, w.c, fitted wash hand basin with cupboard below, fully tiled walls and floor, chrome towel radiator, large backlit mirror, spotlights NOTE There is no parking available with this property.
TENURE Leasehold Original Lease - 250 years Maintenance charge - £1,275.49 per annum (These are the approximate projected annual service charge that will be finalised by the managing agent) Ground rent - Peppercorn APPROXIMATE MONTHLY RENTAL VALUE £1,050 COUNCIL TAX Band TBC FREE MORTGAGE ADVICE We are pleased to be able to offer the services of an Independent Mortgage Adviser who can access a variety of mortgage rates from leading Banks and Building Societies.
For a free, no obligation discussion or quote, please contact Stuart Milton, our mortgage adviser, on LOCATION This image is for indicative purposes and cannot be relied upon as wholly correct
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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