2-bedroom flat · RG2 0NZ
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern second-floor apartment (with lift access) located within the popular Kennet Island development.
Conveniently located close to junction 11 of the M4 and Green Park and offering excellent access in to Reading Town Centre with regular bus services and cycle routes.
Accommodation comprises open-plan reception/ kitchen room with a range of integrated appliances, two double bedrooms, the master bedroom has an en suite shower room and there is a further three piece bathroom.
The apartment further benefits from an allocated parking space. Available now. Furnished.
Location: Kennet Island is one of Reading’s most sought-after residential developments, ideally located just south of the town centre.
Developed by Berkeley Homes, this modern, self-contained community offers a unique blend of urban convenience and contemporary living, making it a popular choice for professionals, families, and investors alike.
Situated between Reading town centre and the M4 motorway, Kennet Island enjoys excellent transport links.
Junction 11 of the M4 is just a short drive away, offering direct access to London, Heathrow Airport, and the wider motorway network.
Reading’s mainline train station, reachable by bus or cycle, provides frequent high-speed services to London Paddington in under 30 minutes.
Kennet Island is just minutes away from Green Park Business Park and the Madejski Stadium which is home to Reading fc.
The nearby Oracle Shopping Centre and Reading town centre provide a wide array of retail, dining, and entertainment options.
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
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About Peregrine House, Reading
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