1-bedroom flat · RG30 2HZ
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideal first time buy or rental investment with A private balcony: Situated with this brand new high specification development West Reading is this larger than expected studio apartment.
The property is within easy reach of local amenities and the transport links into central Reading.
The property boasts a stylish bathroom and a good sized open plan living room with a modern kitchen, and partial separation between the living and sleeping spaces.
In addition there is good sized balcony benefiting from evening light. In addition there is parking, EV changing stations and heating via an air source heat pump.
To appreciate the space on offer call now to view. Communal Entrance A well presented and secure communal entrance with secure lift and stairwell access to all floors.
Hallway Entrance hall with wood effect vinyl flooring leading in to living room.
Living Room Area (5.72 x 3.81 (18'9" x 12'5")) A great sized living area that has a window and patio doors to the large balcony position to catch evening light. Wood effect vinyl flooring.
A large storage understairs cupboard houses the hot water and heating system, meters, consumer unit and space for a washing machine. Open plan to the kitchen area and bedroom area.
Kitchen Area (2.07 x 2.01 (6'9" x 6'7")) A modern kitchen area with built in oven, induction hob and extractor, plenty of work surfaces, base and eye level cupboards and recess for fridge.
Bedroom Area (3.71 x 2.74 (12'2" x 8'11")) Large, bright and airy double bedroom area with wood effect vinyl flooring, partially divided from the main living area and with a large window.
Bathroom (2.21 x 2.01 (7'3" x 6'7")) Modern and elegant bathroom, fully tiled, with vinyl wood effect flooring, bath with shower, sink, WC, recessed mirror and heated towel rail.
Balcony (3.7m x 1.52m (12'1" x 4'11")) A good sized balcony offer views over the rear gardens access from the living area. Services Water. Mains Drainage. Mains Electricity. Mains Heating.
Air source heat pump Mobile phone. The vendor is not aware of any specific restricted mobile phone coverage Broadband.
Superfast, information obtained from Ofcom Tenure Lease: 129 years from 1st November 1989 Service charge: £978.17 per annum Ground rent: £75 per annum
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.
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FAQ
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