We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · RG2 0DH
Sold STCListed 198 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A sympathetically refurbished Victorian terraced house conveniently located in close proximity to Reading town centre, Royal Berkshire Hospital, Reading mainline station, sought after schools and a wealth of local amenities.
The house is well presented and retains much of its original character including stripped floors, period fireplaces, corbel, and some ceiling roses.
The accommodation is spread over three floors and includes a light and bright lounge, modern kitchen with thoughtful picture window and dining room on the ground floor, two bedrooms on the first floor and an impressive, large family bathroom on the second.
The rear garden has an easterly aspect and features mature shrubs and borders, a sun terrace and a decked area ideal for relaxing or entertaining.
The property also benefits from gas central heating, double glazed windows and excellent transport links to junction 11 of the M4 and the A329M. Early viewing is highly advised.
Composite front door to, LOBBY: Door to, DINING ROOM: - 3.56m (11'8") Max x 3.94m (12'11") Max Double glazed sash window, stripped floor, staircase to first floor, period fireplace, corbel, radiator, door to, LOUNGE: - 3.56m (11'8") Max x 3.33m (10'11") Double glazed sash window, stripped floor, period fireplace, ceiling rose, under stairs cupboard housing electric meter, Hive thermostat, vertical radiator, door to, KITCHEN: - 2.14m (7'0") x 3.46m (11'4") Well fitted with modern units comprising single drainer sink with mixer tap, square edge work surfaces and upstands, excellent range of base level cupboard units, eye level cupboard with drawers, Bosch induction hob, coloured glass splashback, stainless steel extractor hood, Bosch electric oven, integrated dishwasher, appliance space and plumbing for washing machine, appliance space for fridge freezer, tiled floor, double glazed picture window, two double glazed windows, double glazed door to side.
FIRST FLOOR LANDING: Staircase to second floor, doors to bedroom one and two.
BEDROOM ONE: - 3.56m (11'8") Max x 3.05m (10'0") Double glazed sash window, original fireplace, ceiling rose, over stairs cupboard, vertical radiator.
BEDROOM TWO: - 3.56m (11'8") x 2.59m (8'6") Double glazed sash window, ceiling rose, radiator.
SECOND FLOOR LANDING: Door to, BATHROOM: - 2.66m (8'9") Max x 4.27m (14'0") Max Large bathroom comprising panel enclosed bath with mixer tap, tiled surround, separate tiled shower cubicle with rainfall shower head, pedestal wash hand basin, low level WC, part tiled walls, double cupboard housing Worcester Bosch combi boiler (installed October 2021), eaves storage, heated towel rail.
OUTSIDE FRONT GARDEN: A small enclosed low maintenance garden, steps to front door, gas meter.
REAR GARDEN: A charming rear garden enclosed by brick walls and timber fencing, paved sun terrace, flower and shrub borders, grey plastic shed, raised deck, gate to rear passageway (resident access to Tippett Rise car park, no through path).
Notice Please note we have not tested any apparatus, fixtures, fittings, or services. Purchasers must undertake their own investigation into the working order of these items.
All measurements are approximate and photographs provided for guidance only.
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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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 advisers 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 Elgar Road, Reading
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