2-bedroom flat · RG1 8FZ
Sold STCListed 165 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market is this beautifully presented top floor two bedroom apartment.
Ideally located within walking distance of the mainline train station and Reading town centre as well as the wide range of shops, restaurants, gyms and River Thames.
The property offers light and spacious accommodation comprising: entrance hallway with storage cupboard, two bedrooms, bathroom and an open-plan kitchen/lounge/diner.
The property also benefits from secure gated parking and a balcony. Viewing is recommended.
At the time of Instruction, we have been advised by the vendors of the following information: Council Tax Band D (Reading Borough Council) Ground rent £0 p/a Service charge £1,659 p/a Lease 990 years from and including 1 January 2022 The above information may be subject to change during the transaction period.
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 Milford Road, Reading, Berkshire, RG1
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