1-bedroom flat · RG7 1TL
Listing removedListed 52 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Parkers - 360 virtual tour - all bills included - A beautifully refurbished studio annexe located in the heart of Spencers Wood.
Located within one of the newest developments in Spencers Wood this annexe provides fantastic commutability to Shinfield Studios, Royal Berkshire Hospital, Reading Town centre or south towards Basingstoke.
Only a short drive from Junction 11 of the M4 it could provide perfect full time accommodation or Monday to Friday for contractors commuting home at the weekends.
Internally the property has been refurbished to a fantastic with beautiful black finishes throughout.
There is a brand new shower room with a barn roller door, a fully quipped kitchenette opening to the living space.
Spencers Wood is a sought-after village just 4 miles south of Reading, offering a peaceful setting with excellent local amenities.
Lambs Lane Primary School and Oakbank Secondary are nearby, along with a new nursery and active village hall.
Regular bus services (Routes 600 and 9) provide easy access to Reading in around 25 minutes, with quick road links for drivers. Ideal for families and commuters alike.
The property is available late September, on a furnished basis and all bills are included within the rental figure. Holding Deposit - 1 Weeks Rent Security Deposit - 5 Weeks Rent
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.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
.png){kind=logo}
FAQ
About MARKETING CARD Annexe, 40, Shipridge Drive, Reading
Explore nearby
