Marie Davis Court, Reading RG1
South East
£95,000
Listed on 02/09/2026
Listed on 02/09/2026
The listing
Property details
Bedrooms
1Type
FlatDescription
A first-floor one-bedroom flat in Marie Davis Court, close to Reading town centre, local amenities and public transport. The accommodation is described as an open-plan reception room with a kitchen area, a double bedroom and a bathroom. The building has a secure entry system, and the listing notes proximity to the University of Reading and the Royal Berkshire Hospital.
The flat is stated to require complete renovation, offering scope for a buyer to refurbish the existing accommodation. It is leasehold with 57 years remaining. The ground rent is stated as £50 per year, rising to £150 from 2026. The management company, service charge and cost of extending the lease have not been confirmed. Services and appliances have not been tested, so these details and the lease terms should be checked with a solicitor. EPC rating D.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
42out of 100
Grade ELow opportunity
Confidence: LOW
The open-plan reception and kitchen give this one-bedroom flat a clear canvas for a full redesign, with worn flooring, marked finishes and an old kitchen offering scope to refresh the interior in your own style. The visible brickwork and paved access appear generally intact, and the Reading location is a plus, with the town centre, university, hospital and transport links nearby.
At £95,000, the asking price cannot yet be judged against local £/sqf because the floor area is missing. The £22,000–£42,000 renovation range makes this a substantial project, while the 57-year lease and unconfirmed extension cost, service charge and management details need careful checking. Overall, the score is 42/100 (E): the location and renovation canvas have merit, but the opportunity is limited by the information gaps and lease position.
Key opportunities
- Rework the open-plan reception and kitchen as a cohesive living space, replacing the dated kitchen and worn finishes.
- Refresh the bedroom with new flooring and redecoration to give the flat a more contemporary feel.
- Make use of the first-floor one-bedroom layout and central Reading access for a home or investment project.
Key risks
- The £22,000–£42,000 works range and poor finishes across the photographed spaces point to a substantial renovation programme rather than a cosmetic refresh.
- Only 57 years remain on the lease; the extension cost, service charge and management arrangements are still unconfirmed.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£359
Based on a loan of £71,250 over 30 years at 4.45% interest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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Pricing
Price history
-5.0% since listed
£95,000£5,000(-5.0%)
04/09/2026£100,000Initial listing
01/10/2025Services
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