2 bed flat for sale

Addington Road, Reading, Berkshire RG1

Offered for sale via unconditional online auction, this vacant two bedroom flat represents an attractive opportunity for investors and buyers seeking a well located property with scope for improvement. Extending to approximately 633 sq ft, the property requires refurbishment throughout and benefits from a long lease of approximately 240 years, presenting excellent potential to enhance value through modernisation.

The accommodation comprises a reception room, kitchen, two bedrooms and a bathroom, providing well proportioned living space suitable for a range of purchasers. Following refurbishment, the property is considered capable of achieving an estimated rental income of around £1,350 per calendar month.

Malvern Court is conveniently located within easy reach of the Royal Berkshire Hospital, the University of Reading and Reading town centre, which offers a wide range of shopping, dining and leisure facilities. Reading station provides fast mainline services to London Paddington and access to the Elizabeth Line, while the A329(M) and M4 motorway are also readily accessible.

Auction

To be sold by online auction (unconditional) on Thursday 30th April 2026 with a 6 week completion, bidding will open at 10.00.

To View

Viewings will be conducted prior to the auction, please visit our website to book an appointment at

Registration

All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure

Leasehold with vacant possession.

Lease

300 years from 24 June 1966 - 240 years remaining.

Ground Rent And Service Charge

Please see legal pack for further details.

EPC Rating

D

Council Tax Band

B - Reading

Legal Pack

For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.

Guide Prices

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional Fees

A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit

If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Pre-Auction Offers

These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Mortgage Finance

We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.

Please Note

All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of His Majesty's Stationery Office @ Crown copyright. All rights reserved, Licence no: