3-bedroom flat · RG1 7XH
Listing removedListed 102 daysAuction 29 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Key Features Lot 26 for sale by auction on 29/07/2026 To view the property or see a virtual tour please refer to the full sales particulars on the auctioneers website New 990 Year Lease First Floor - Reception Room, Kitchen, WC Second Floor - Three Bedrooms, Bathroom Sole use of section of rear garden GIA approximately 104.23 sq m (1,122 sq ft) Reading rail station is approximately 0.8 miles to the north east Virtual Tour available below Key Locations Situated on the west side of Russell street The shops and amenities of Reading town centre are to the east Reading rail station is approximately 0.8 miles to the north east The A329 is to the east Coley Recreation Ground is to the south Additional Information The Vendor will not accept offers prior to auction Viewings The property will be open for viewing on Saturday 18th July, Wednesday 22nd July and Saturday 25th July between 2:15 - 2:45 p.m.
These are open viewing times with no need to register. If you cannot attend the viewing you are advised to view the images and any available virtual tour on our website before bidding.
Value & comps
No previous sales on record.
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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 starting price
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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 2, 40 Russell Street, Reading, Berkshire, RG1
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