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See how verdicts work1-bedroom flat · RG1 3HG
Sold STCReduced £10k (−5.9%) on 26 OctListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
IDEAL FIRST TIME BUY OR RENTAL INVESTMENT.
Offering great views over the river Kennet is this good sized raised ground floor apartment set within this quiet location that offers a picturesque waterside walk to the center of Reading, Reading mainline station & Elizabeth line.
The property boasts a light and airy dual aspect living room, separate kitchen, good sized double bedroom and bathroom. In addition there is ample storage and permit parking.
To appreciate the space and views on offer call now to view.
Hallway - A good sized hallway with a storage cupboard, cupboard housing the boiler an d doors to: Bathroom - 2.82m x 1.50m (9'3 x 4'11) - A good sized bathroom comprising of a panelled bath with a wall mounted shower, wash hand basin, WC, frosted window, tiled floor and part tiled walls.
Bedroom - 4.83m x 2.62m (15'10 x 8'7) - A good sized bedroom with floor to ceiling double glazed window over looking the water, carpeted and fitted wardrobes.
Living Room - 5.61m x 5.18m (18'5 x 17'0) - A light and airy dual aspect room with double glazed windows offering great views over the river Kennet, laminate wood flooring, storage cupboard and door to the kitchen.
Kitchen - 3.38m x 1.52m (11'1 x 5'0) - A good sized kitchen with ample wall and base units, roll top work surfaces with an inset sink, recess for the oven, hob, washing machine and fridge freezer.
Splash backs, tiled floor and a window offering views over the river Kennet. Tenure - Lease: 125 years from 1990 Service charge: £733.51 ( for year 2025) Ground rent: Peppercorn Services - Water.
Mains Drainage. Mains Electricity. Mains Heating. Gas Appliances: All the appliances are untested Mobile phone. The vendor is not aware of any specific restricted mobile phone coverage Broadband.
Ultrafast, information obtained from Ofcom
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
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FAQ
About Lock Place, Reading, Berkshire
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