2-bedroom flat · RG1 7AJ
For saleListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within The Picture House in the heart of Reading, this two-bedroom, two-bathroom apartment offers a practical modern layout together with excellent access to the town centre, mainline station and a wide range of everyday amenities.
Located on the second floor, the apartment features an open-plan living and kitchen area, creating a sociable space for relaxing, dining and entertaining.
The Master bedroom benefits from its own en-suite shower room, while the second bedroom is served by a separate bathroom. The development also benefits from lift access and a secure entry system.
The Picture House occupies a highly convenient central Reading location, within easy walking distance of Broad Street, Broad Street Mall and The Oracle, providing an extensive choice of shops, cafés, restaurants and leisure facilities.
M&S Foodhall, John Lewis, Blue Collar Corner, The Hexagon and the riverside dining around The Oracle are all close by, while Forbury Gardens, the historic Abbey Ruins and riverside walks offer attractive outdoor spaces nearby.
Reading Station is within walking distance and provides fast mainline services to London Paddington, as well as direct Elizabeth line connections across central London.
Direct rail services also connect Reading with Oxford, Basingstoke and other major destinations, making the location particularly convenient for commuters.
Road connections are equally practical, with straightforward access to the A33, A4 and M4. RailAir services from Reading Station also provide convenient connections to Heathrow Airport.
With an EPC rating of B and an exceptionally convenient town-centre setting, the apartment combines modern living with strong transport links and excellent access to local amenities.
Value & comps
No previous sales on record.
Returns
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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 Flat 30, The Picture House, Cheapside, Reading
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