5-bedroom house · RG41 2ES
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PROPERTY DETAILS Situated on one of Wokingham's premium roads, this large detached house, originally built in the 1940s, offers a huge amount of space and is the ideal blank canvas, ready for the new owner to modernise and renovate to their own taste.
The property sits on a large plot approximately 0.23 acres in size and is set back from the road providing ample driveway space for off road parking.
The property is offered to the market for the first time since 1974 and has no onward chain.
The layout is ideal for lateral living and the ground floor briefly comprises three well proportioned double bedrooms, two with built in floor to ceiling wardrobes, downstairs shower room, guest cloakroom, dual aspect kitchen/breakfast and utility room/study to the side.
There is also a separate dining room with double doors to the main reception room with gas fireplace and access to the expansive South facing rear garden with mature apple trees.
There is also a garage to the front of the property, providing sheltered parking, workshop space or additional storage.
Upstairs are two further double bedrooms, converted from the original loft space and each with access to ample eaves storage.
The second shower room is also conveniently located on this floor and fitted with three piece suite.
This floor also benefits from high ceilings and large windows allowing plenty of natural light to illuminate the space.
The property also benefits from the built in storage dotted throughout in the from of cupboards and extra eaves storage providing space saving solutions.
Luckley Road is highly sought after as a no-through road with minimal traffic close to Wokingham town and train station, with regular links to London Waterloo and Reading with The Elizabeth Line.
The property is also conveniently close to excellent local schools, both independent and public including Luckley House, Ludgrove School and Holme Grange School for independent education and Evendons Primary, The Holt (both rated Outstanding by Ofsted) and St Crispins Secondary.
There are also plenty of green areas just a short distance away including Wokingham Equestrian Centre and Chapel Green.
Wokingham is a historic market town offering a wide variety of shops, amenities and leisure facilities. The recently regenerated leisure centre provides gym facilities, swimming pool and library.
Elms Field has also been regenerated in recent years with a choice of independent businesses and an Everyman cinema. Viewings will be by appointment only and early viewing is advised.
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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
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FAQ
About Luckley Road, Wokingham
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