2-bedroom flat · RG5 3LL
Sold STCListed 222 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented and updated two bedroom first floor maisonette positioned next to the desirable South Lake.
The property is situated in a tucked away, cul-de- sac location, close to a wide range local amenities including shops, Schools, transport links and Woodley Centre.
The property offers spacious and light accommodation comprising ; entrance hall and stairs to first floor, open plan living/dining room with windows overlooking the lake, modern kitchen, two bedrooms with storage and a family bathroom.
The property has the benefit of residents parking and being situated close to the lake in a peaceful setting. Viewing is highly recommended.
At the time of Instruction, we have been advised by the vendors of the following information: Lease - 91 Years Remaining Ground Rent - £200 P/A Council Tax Band C (Wokingham Borough Council) 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 Rickman Close, Woodley, Reading, Berkshire, RG5
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