3-bedroom house · RG6 1NH
Listing removedListed 105 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A 3 Bedroom, 2 Living Room Home Or A 4 Bedroom, 1 Living Room Home, Mostly Furnished, For £1,650Pcm!
This mid terraced home can be three bedrooms with two living rooms, or four bedrooms with one living room.
Comprising of Entrance Hall, 2 Living rooms, Kitchen, a door from the kitchen leading to a very useful covered laundry drying area, ground floor Bathroom off of the kitchen, 3 first floor bedrooms, one of which with an en-suite Cloakroom.
If four bedrooms are used, then one of them will be on the ground floor in the second living room.
The house has gas central heating, double glazing and a small rear garden It is in a convenient location, near shops, Reading University, bus services and Palmer Park.
Up to two parking permits are available via Reading Borough Council at a cost. It is available from 22nd August to move in to as mostly furnished
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 38, Pitcroft Avenue, Reading
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