3-bedroom flat · RG1 6BJ
Let agreedReduced £100 (−4.5%) on 20 SepListed 72 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Three double bedroom apartment with two private balconies overlooking the Kennet & Avon canal. The property is located in Reading Town Centre next to the Oracle Shopping Centre.
Internally the apartment comprises three large bedrooms, an open plan living dining room leading into the kitchen with fitted appliances, two bathrooms including an ensuite to the master and two balconies off the master bedroom and living area.
Benefits also include an intercom system and secure allocated parking space. Available now. Unfurnished.
Location: Reading is a thriving, well-connected town in the heart of Berkshire that combines the charm of riverside living with the energy of a growing urban hub.
Ideally situated just 25 minutes from London Paddington by train, it appeals to commuters, families, and professionals alike.
The town is undergoing exciting regeneration, bringing new homes, retail, and leisure developments to an already dynamic community.
Reading boasts an excellent selection of amenities, including The Oracle shopping centre, a lively restaurant and nightlife scene, and picturesque riverside walks along the River Thames and River Kennet.
Its highly rated schools, including several top-performing grammar and independent schools, make it particularly attractive for families.
For professionals, Reading is a major centre for technology and finance, with companies like Microsoft, Oracle, and PwC having a strong local presence.
Its proximity to the M4 corridor also enhances its appeal for business and logistics.
Green spaces such as Prospect Park, Forbury Gardens, and nearby countryside offer a perfect balance of urban convenience and outdoor lifestyle.
With a diverse housing market ranging from modern riverside apartments to Victorian terraces and spacious family homes in leafy suburbs like Caversham and Earley, Reading offers something for every buyer or tenant.
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 59, Riverside House, Reading
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