2-bedroom flat · RG1 6LU
Sold STCListed 251 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Walmsley Estate Agency are pleased to offer to the market this two first floor modern apartment, situated in a popular location, close to local amenities including bus routes, shops and Reading Town Centre (approximately 1.2 miles) The property offers spacious accommodation comprising: entrance hallway, a modern white bathroom suite, two bedrooms, spacious living room/dining room and a kitchen with built in hob and oven.
The property also benefits from residents parking. Viewing is recommended. No onward chain complications. Property is share of the freehold.
* Length of the lease: 125 years from 1997; 96 years remaining. * Service charge £1,700 pa. * Ground Rent peppercorn * Council tax band C. * EPC rating C.
Kitchen - 2.36m x 2.16m (7'9 x 7'1) - Living Room - 5.28m x 3.25m (17'4 x 10'8) - Bedroom 1 - 3.81m x 2.97m (12'6 x 9'9) - Bedroom 2 - 3.81m x 2.97m (12'6 x 9'9) -
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 Coley Avenue, Reading
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