2-bedroom flat · RG4 7AN
Sold STCListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stunning third-floor penthouse apartment in Caversham with two double bedrooms, ensuite master, Juliet balcony, and impeccably finished throughout, all within a 12 minute walk to Caversham centre.
NO ONWARD CHAIN COMPLEX FACILITIES Beechwood Grove has taken retirement to a new level with on-site facilities including a house bistro restaurant, hairdressing salon, elegant residents lounge, activity room and therapy room, mobility scooter store with charging points, two residents lifts and guest suite for friends and relatives who can stay overnight.
There is a concierge reception area and onsite care services with Tunstall emergency system with intercom, pull cord and wrist bracelet call system SPACIOUS L SHAPED RECEPTION HALL Spacious hallway with access to utility cupboard housing washing machine and dryer KITCHEN/LIVING/DINING ROOM Unique 49ft lounge kitchen diner with versatile space with south west facing Juliet balcony with double glazed doors with Velux window and solar powered electric blind.
Well fitted MODERN KITCHEN comprising single drainer sink unit with mixer tap, laminated roll edged work surfaces and surrounds, with inset 4 ring electric hob with extractor hood above and integrated oven, fridge/freezer, washing machine, dishwasher and Velux window with solar powered electric blinds BEDROOM ONE 19ft master bedroom with south west facing views over the communal gardens, door to EN SUITE SHOWER ROOM Ensuite bathroom with large walk in shower, fully tiled with glass deflector and automatic lighting BEDROOM TWO 14ft double bedroom with newly added fitted wardrobes, along with solar powered electric blinds BATHROOM (SHOWER ROOM) Large modern family bathroom with large walk in shower, full tiled with glass deflector and automatic lighting.
COMMUNAL GROUNDS Beechwood Grove is set in well maintained communal grounds.
The communal gardens extend to the side and rear of the development where there is an all weather bowling green and communal activities area, vegetable patch, greenhouse and seating areas.
It also has resident and visitor parking COMMUNAL PARKING AREA There are two parking areas accessed from Albert Road and to the rear of Dovedale Close including disabled parking TENURE Leasehold Original lease - 125 years Lease remaining - 117 years Maintenance charge - £919.95 per month Ground rent - £1 peppercorn annum 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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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 305, Beechwood Grove, Caversham
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