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2-bedroom flat · RG7 5JQ
Sold STCListed 38 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Enjoy waterside living with this modern two bedroom, third floor apartment. Ideally located with stunning lakeside views.
The open-plan living area provides plenty of space for entertaining and benefits from a balcony with views out to the lake.
The kitchen is fitted with Symphony units and Electrolux appliances including an oven, ceramic hob and chimney hood.
The master bedroom features a fitted wardrobe and ensuite, providing the perfect space for you to unwind after a relaxing walk through the countryside.
The second bedroom offers a great opportunity to set up a guest room or a home office, the choice is yours. The bathroom is fitted with a modern white suite and a timeless design.
Each new home at Herons Lake also includes an allocated parking space so you never have to worry about parking again. Full market value: £347,500. Share value: £173,750 based on a 50% share.
Minimum deposit price based on 50% share: £8,688. Estimated monthly service charge: £101.14 (reviewed once a year). Estimated monthly rent: £398.18. Estimated monthly mortgage: £866.02.
Reservation fee: £500. Predicted council tax band: New build properties, band to be determined.
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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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 The Green, Theale, Reading, RG75JQ
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