We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · RG4 8PY
For saleReduced £50k (−20%) on 26 OctListed 210 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A top floor two bedroom apartment set in a favoured complex in Balmore Park within well maintained, established and partly wooded grounds, yet situated only a quarter of a mile from Caversham centre forming an ideal first time purchase.
No chain SITUATION Caversham is situated just north of the River Thames, offering a wide range of shops, bars and restaurants, together with excellent schooling.
Reading Station servicing London (Paddington 25 minutes) is within half a mile of Caversham Bridge and has been further complemented with the arrival of Crossrail.
Emmer Green & Caversham Heights border the South Oxfordshire countryside, with a choice of golf courses and the additional Mapledurham Gym & Rivermead Sports Complex on Caversham borders ENTRANCE Security communal entrance and staircase to top floor, personal front door to L SHAPED RECEPTION HALL With electric night storage heater, built in cloaks cupboard, further built in airing cupboard housing hot water tank with shelving LIVING/DINING ROOM With rear aspect double glazed window, two electric night storage heaters KITCHEN Comprising single drainer sink unit with cupboards under, further base and eye level units with work surfaces and tiled surrounds, inset four ring electric hob with extractor hood above and integrated oven, plumbing for washing, appliance space for fridge/freezer, extractor fan BEDROOM ONE With rear aspect double glazed window, slimline electric heater, fitted twin double wardrobes BEDROOM TWO Front aspect double glazed window, slimline electric heater BATHROOM Comprising panelled bath with independent shower and glass deflector, wash hand basin, W.C., tiled surrounds, warm air heater, access to loft space, extractor COMMUNAL GROUNDS Well maintained established and secluded communal grounds tended under the maintenance agreement with allocated parking space and further visitors parking PARKING PLAN Space number 16 TENURE Leasehold Original lease - 125 years Lease remaining - 93 years Service Charge - £1,827.78 per annum Ground Rent - N/A APPROXIMATE MONTHLY RENTAL £1,350 SCHOOL CATCHMENT The Hill Primary School Highdown School and Sixth Form Centre COUNCIL TAX Band D 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
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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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.
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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
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