1-bedroom house · RG40 1EQ
For saleListed 18 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well presented, first floor apartment is set within a purpose built development exclusively for residents aged 55 and over.
Tucked away in a quiet location, it sits within easy walking distance of Wokingham town centre.
The accommodation features a spacious open plan living/dining room, a re fitted galley kitchen, a modern shower room with a white suite, and a double bedroom complete with fitted wardrobes.
The property is also conveniently close to the residents' communal reception area.
Acorn Drive features beautifully maintained communal gardens with mature planting, expansive lawns, and ample parking for both residents and visitors.
The Acorn Drive development is highly sought-after by over-55s, having proved extremely popular over the years due to its pleasant setting and close proximity to the town centre.
Siding onto Cantley Park and Glebelands Road, the development offers a quiet, tucked-away feel, yet remains within easy reach of the shops, cafes, restaurants, and excellent amenities of the town centre.
Council Tax Band: C Local Authority: Wokingham Borough Council Energy Performance Rating: C Leasehold information: Term: 99 yrs (New owners receive a new lease to 99 years on purchase) Annual Service charge: C.£2164.56 There is a resale fee of 1.2% plus Vat payable to the Home Group.
Nb: This is information you will need to verify through your solicitor, as part of the conveyancing process.
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
Agent & docs
FAQ
About 11, Acorn Drive, Wokingham
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