Studio flat · RG1 4FG
Sold STCReduced £10k (−6.5%) on 25 MayListed 333 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Enjoying a second floor position is this centrally located studio apartment by Thomas Homes in the favoured Chambers development.
The apartment is ideally positioned within walking distance of the Oracle development and the mainline station.
The well-planned property has been finished to a high standard with a well-equipped kitchen area, shower room and an entry phone system.
The apartment will appeal to purchasers seeking a town centre address either for investment or occupation with the benefit of parking and no onward chain complications.
Additional Information: - Parking The property has an allocated parking space. Part A Lease information.
Years remaining: 989 Service charge: £1776.86 PA Ground rent: £250 PA Ground rent review period: Every 15 years, in line with RPI, next review 2030 Part B Property construction – Standard form Services: Water – mains Drainage – mains Electricity - mains Heating - electric heating Broadband connection available (information obtained from Ofcom): Ultrafast – Fibre to the premises (FTTP) 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” Part C The apartment is located on the second floor and is accessed via communal stairs.
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
FAQ
About 20 South Street, Reading, RG1
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