3-bedroom house · RG31 5DP
Sold STCReduced £25k (−4.5%) on 27 MayListed 320 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PARKERS - A spacious three bedroom detached bungalow with superb 85ft rear garden, generous plot of around 0.18 acres and excellent scope to extend, offered to the market with no onward chain for a straightforward move.
This detached bungalow provides flexible single-storey living, centred around a comfortable main reception space and a practical kitchen that connects well with the garden, making it ideal for everyday family life.
The current layout offers three well-proportioned bedrooms and a bathroom, with plenty of natural light and potential for a buyer to update finishes to their own style over time.
Outside, the standout feature is the superb rear garden which extends to around 85ft, giving plenty of room for children to play, keen gardeners to create different zones, or simply to enjoy outdoor entertaining.
The overall plot is approximately 0.18 acres, providing both a feeling of space and clear potential to extend and/or refigure the bungalow, subject to planning permission and building regulations.
Within the garden there are two separate outbuildings and a greenhouse, offering excellent storage or scope for use as workshop areas, hobby rooms or a home office with some adaptation.
To the side is a detached garage, complemented by further driveway parking. With the added benefit of no onward chain, the property is perfectly placed for buyers looking for a smooth and speedy move.
This property is in an excellent location, you are in the school catchment area for Little Heath secondary school, just 1.5 miles to Sulham woods, and you are on a regular bus route into the centre of Reading.
At the time of Instruction we have been advised by the vendors of the following information: Services available – Gas central heating, main drainage These particulars are a general guide only.
They do not form part of any contract. Services, systems and appliances have not been tested.
In accordance with anti–money laundering (AML) regulations, all buyers are required to undergo identity and compliance checks.
Please note that an AML check fee of £25.00 will be charged to each buyer as part of this process.
This fee is non-refundable and payable prior to the release of sales memorandums or progression of any transaction. Council Tax Band E (Reading Borough Council) £3,039.80 P/A.
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.
Area
Agent & docs
FAQ
About Park Lane, Tilehurst, Reading, Berkshire, RG31
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