1-bedroom flat · RG1 1NR
For saleReduced £20k (−9.5%) on 7 FebListed 387 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Fantastic Investment Opportunity!
New to the market this spacious sixth / top floor one bedroom apartment is located in the popular Garrard House development, located in the heart of Reading town centre.
This apartment benefits from a large open plan living area with wooden flooring and utility cupboard, stylish white kitchen with appliances and skylight, large double bedroom with fitted wardrobe, luxury bathroom with large walk in shower cubicle, secure entry-phone access and neutral decoration throughout.
Garrard House is just a couple of minutes from Reading mainline railway station, numerous restaurants and the Oracle shopping centre.
The apartment can be bought with a tenant in situ, so immediate rental income upon completion os the sale. 116 years remaining of the 125 year lease.
* A parking space can be bought on site for an additional £15,000 *
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
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FAQ
About 603, Garrard Street, Reading
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