1-bedroom flat · RG10 9GA
Listing removedListed 337 days
Opportunity summary
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About
This top-floor, one-bedroom retirement flat is offered with no onward chain, providing an excellent opportunity for those seeking a comfortable and convenient living space in a supportive community environment. Interior Features Entrance Hall: Welcoming space leading to all main rooms. Shower Room: Equipped with modern fixtures for ease of use. Bedroom: Features built-in storage solutions, maximizing space and organisation. Living Room: A bright area that seamlessly connects to the kitchen, ideal for relaxation and entertaining. Kitchen: Accessible through the living room, designed for practicality and efficiency. Communal Amenities Laundry Room: Shared facility equipped with washing machines and dryers, ensuring residents have convenient access to laundry services. Hair Salon: On-site salon offering hairdressing services, adding to the convenience of the residents. Residents' Lounge: A communal space designed for socializing and community events, fostering a sense of community among residents. Ample parking is available for residents and visitors, ensuring ease of access for those with vehicles. Additional Information Brand new heating system and a new water heater/boiler The flat is situated within a purpose-built retirement community, designed to cater to the needs of its residents by providing essential amenities and fostering a supportive environment.
The no onward chain status facilitates a smoother and potentially quicker purchasing process. This property represents an ideal choice for individuals seeking a low-maintenance, community-oriented lifestyle with the added benefits of communal facilities and convenient services.
EPC rating C Leasehold Term: 125 years from 1 January 1999 (100 years remaining) Ground Rent: £514.26 per annum (paid half yearly) Service Charge: £4,522.96 per annum for current year (paid quarterly) agents note: In accordance with the Money Laundering Regulations mandated by the government in 2019, it is obligatory for us to verify the identity of all potential buyers whom we agree a sale to.
We engage the assistance of a third-party entity, Lifetime Legal, who will reach out to you directly at a mutually agreed upon time for this purpose.
They will require the complete name, date of birth, and current residential address of all buyers whom have had an offer accepted.
At that time a nominal fee of £85, inclusive of VAT, is applicable for this service (per transaction, not per individual), payable directly to Lifetime Legal.
Kindly note, we are unable to provide a memorandum of sale until the verification process is concluded
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
Agent & docs
FAQ
About Flat Flat 42, Old Silk Mill, Silk Lane, Reading
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