2-bedroom flat · RG1 5PL
For saleReduced £25k (−9.1%) on 9 SepListed 60 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A high-quality, fully refurbished 2-bedroom property, finished to a superb standard throughout and with an approximate 240-year lease.
2 double bedrooms, both with built-in wardrobes with lighting; beautifully fitted kitchen with gas hob, fridge freezer & washing machine; stunning white bathroom suite; new flooring throughout, rewired, new central heating & boiler, new internal doors.
Malvern Court is superbly placed for access to the Royal Berkshire Hospital, the University and town centre.
The property is located on the ground floor, is being sold with no onward chain, and would be a great first-time purchase, investment, or for those downsizing.
We understand that resident parking permits are available through Reading Borough Council which allow parking both in Malvern Court and nearby areas of Addington Road; and that the current charge is £48 per annum for the first permit and £180 per annum for the second permit.
EER: C75 Council Tax: B Tenure: Leasehold.
We are advised that there are approximately 240 years remaining on the lease and that the current combined service charge and ground rent is £1,911.10 per annum.
The Ofcom website provides information about broadband availability and mobile networks. Services: All mains services are believed to be connected.
Amlr, sanction, pep & identity checks: Estate Agents are required by law to carry out Anti Money Laundering Regulation, Sanction, Politically Exposed Person, Identity and Source of Funds checks on prospective purchasers when their offer is accepted.
We do this using a company called Landmark Information Group and is currently charged at £30 per person. Company or differently structured purchases may carry additional charges.
Important notice: We have endeavoured to ensure the details of this property are accurate, however all measurements are approximate and none of the statements contained in these particulars are to be relied on as statements of fact.
They do not constitute any part of an offer or contract. We have no authority to make any representation or give any warranty in relation to this property.
We have not tested the services, appliances or fittings referred to in the details.
School catchment zones are verified as far as possible with the local authority but cannot be guaranteed and may change in the future, nor do they guarantee a place in the school.
We have not checked whether any extension or alteration to the property complies with planning or building regulations. Distances are as the crow flies'.
We recommend that each of the statements is verified and the condition of the property, services, appliances and fittings is investigated by you or your advisers before you finalise your offer to purchase or you enter a contractual commitment.
Martin & Pole may, at your request, recommend to you a mortgage advisor or solicitor. The mortgage advisor may pay us a referral fee. The value of this fee can vary.
We do not receive a referral fee from the solicitor. What3words /// actor.bought.sticky Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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 advisors 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
FAQ
About 17, Malvern Close, Reading
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