1-bedroom flat · RG1 5BG
Sold STCReduced £10k (−4.3%) on 10 SepListed 143 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no onward chain is this charming one-bedroom second-floor apartment, situated within one of Reading’s finest Grade II listed buildings.
Constructed in 1835, Albion Terrace presents an imposing frontage along one of the town’s principal thoroughfares and is ideally located within easy walking distance of the town centre, train station, and Royal Berkshire Hospital.
The well-presented accommodation comprises an entrance hall, a spacious square sitting room with double doors opening into a refitted kitchen/dining room, a generous double bedroom with a large built-in wardrobe, and an en-suite bathroom.
Externally, the property benefits from beautifully maintained communal grounds with secluded garden areas, as well as a secure allocated parking space.
Additional features include traditional sash windows, gas central heating, and a security entry phone system.
This attractive apartment would make an ideal first-time purchase or investment opportunity.
Location: Albion Terrace is located on London Road approxiamtley 150 metres to the west of the Royal Berkshire Hospital.
The gated parking area and access to this apartment is from Sidmouth Street which runs between Queens Road and London Road.
Reading is one of the south east's largest towns just over 20 minutes from London by train, with trains running every five minutes or so.
Reading is home to many of the city's commuters and has easy links by road or rail to Heathrow, Oxford, Basingstoke, Swindon and farther afield.
Beyond the hive of commercial activity, Reading is nestled in the heart of Royal Berkshire offering beautiful riverside walks on the Thames and tow path ambles on the Kennet and Avon canals and with the nearby Berkshire Downs and Chilterns, beautiful countryside is never far away.
Reading offers a rich mix of shops and markets.
In the heart of the town, The Oracle combines chic boutiques and within a minute's walk there are many high-street favourites including John Lewis and Marks & Spencer.
There are restaurants, cafes and brasseries to suit every taste in Reading. Plus there are numerous bars and restaurants on the Oracle Riverside.
Reading school founded in 1125 is the 16th oldest school in England, there are 6 other state secondary schools along with 37 state primary schools in the borough.
In addition there are some well-recognised and top ranked independent and public schools in Reading and its surrounding catchment.
Schools such as Leighton Park, Queen Annes, The Abbey, Crosfields, Bradfield College, The Oratory and Bluecoat are just some of the outstanding public schools in the area.
Kendrick girls' school is one of the top grammar schools in the UK. Reading University established in 1892 is a 'red brick' and ranked in the top 1% of universities in the world.
There are almost 23,000 students from all over the globe.
Value & comps
No previous sales on record.
Returns
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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.
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About 47, Albion Terrace, Reading
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