2-bedroom flat · RG2 0WR
Sold STCListed 259 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
To get the earliest access and see homes like this first, and before anyone else, make sure you're following my socials; Instagram - @kielholder_avocadoreading Facebook - @ Kiel Holder - Avocado Property Reading Sellers Comments- It was a lovely first flat - spacious, sunny in a great location with a pleasant walk into Reading town centre along the river.
Convenient for travel due to its close proximity to the M4 and walking distance to the business hub - Green Park. It's quiet and safe, with good access to local gyms and shops.
Great bus link to town from within the development too.
Kiel's Comments- Set on the top (second) floor of a modern Berkeley Homes development, Flat 8, 27 Drake Way is a superbly presented two-bedroom apartment offering generous space, excellent natural light and a true ready-to-move-into finish.
Built circa 2013, the apartment has been redecorated to a high standard by the current owners and is offered to the market with no onward chain, making it ideal for buyers seeking a smooth and straightforward purchase.
The accommodation is well balanced and thoughtfully laid out, with large windows flooding the home with light and creating an airy, uplifting feel throughout.
The living space comfortably accommodates both relaxation and dining, while also offering excellent flexibility for working from home — something many buyers now prioritise.
The kitchen is well equipped with built-in appliances, complementing the sleek and modern finish, and the property further benefits from gas central heating for efficient, year-round comfort.
Both bedrooms are well proportioned, making the apartment suitable for professionals, couples or downsizers alike.
Outside, the development offers allocated parking along with ample visitor bays, adding genuine practicality for day-to-day living.
A modern, low-maintenance home in a well-regarded development — this is a property that simply allows you to move straight in and enjoy.
Area Comments- Drake Way sits within a family-centric, commuter-friendly pocket of RG2, perfectly positioned for access to Reading town centre, major transport links and a growing selection of lifestyle amenities.
Right on your doorstep is Green Park, home to the popular Fidget & Bob café, a local favourite for breakfasts, lunches and informal meetings — ideal whether you’re working from home or enjoying a weekend stroll.
The Hilton Reading Hotel is also moments away, offering a gym, spa facilities and a stylish bar and restaurant.
For commuters, the location is particularly strong: • M4 Junction 11 is approximately 1 mile away, providing fast access to London, the Thames Valley and beyond • Reading town centre is around 2 miles away, offering mainline rail services (including fast trains to London Paddington), The Oracle shopping centre, restaurants and leisure facilities • Green Park Station provides additional rail connectivity and is within easy reach The area continues to grow in popularity due to its blend of green space, modern infrastructure and excellent transport links — making it especially appealing to professionals and buyers seeking a well-connected yet comfortable place to call home.
The KLIC (Kiel's Landlord Investment Club)- £1,500pcm Expected Rental £2,200pa Service Charge £684.85pa Ground Rent 979 Years Remaining on the Lease Net Rental Yield 8% Kiel Holder, Proud to be your estate agent in Reading.
*Some images have been digitally enhanced for presentation.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 Drake Way, Kennet Island, Reading, RG2 0WR
Explore nearby