1-bedroom flat · RG4 8JN
Listing removedListed 56 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nea lettings: A well-presented split-level one-bedroom apartment ideally located in the heart of Caversham, within easy reach of a fantastic selection of shops, restaurants, banks and leisure facilities.
The property is arranged over two floors, with the first floor comprising a welcoming living room and separate kitchen. Upstairs, the second floor offers a spacious double bedroom and bathroom.
The property also benefits from its own private courtyard garden, providing a pleasant outdoor space to relax and unwind. EPC Rating tbc.
Disclaimer: These particulars are intended as a general guide only and do not form part of any contract or offer.
Whilst every effort has been made to ensure the accuracy of the information provided, nea Lettings cannot guarantee that all details are complete or free from error.
Any photographs, videos, floor plans and other marketing material are believed to provide a fair representation of the property at the time they were produced.
If you choose to make an offer without first undertaking a physical viewing, you should ensure that you have carried out all necessary investigations and are satisfied that the property meets your requirements before proceeding.
Living Room (3.8 x 3.7 (12'5" x 12'1")) A large bright living room, with views over Prospect Street. This room has wooden laminate flooring, shelving and storage cupboards.
Doors lead to Kitchen (3.6 x 2.4 (11'9" x 7'10")) A spacious fitted modern kitchen, with ample storage cupboards and roll up work surfaces, sink with drainer.
Appliances include washing machine, electric four ring hob, oven and under counter fridge.
Bedroom (3.8 x 2.8 (12'5" x 9'2")) A double bedroom, with laminate flooring, built in wardrobe, window with views over views Prospect Street.
Bathroom (2.4 2.0 (7'10" 6'6")) A modern style light and airy bathroom with a large window. A paneled bath, low level wc and wash hand basin.
Courtyard Garden The flat is accessed via a private courtyard garden.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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 advisers 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
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FAQ
About 54c, Prospect Street, Reading
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