2-bedroom flat · RG7 5TZ
For saleReduced £25k (−6.7%) on 21 JunListed 247 days
Opportunity summary
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About
Parkers - Fantastic opportunity to acquire a two bedroom, second floor apartment, with private lift, surrounded by miles of countryside, located on the site of the former Douai Abbey School.
Abbey Gardens is set on the site, and within the grounds, of the former Douai Abbey school, which was sympathetically transformed into residential accommodation in 2007.
Comprised of a tasteful mixture of redevelopment of the old and the addition of the new. This apartment forms one of the new apartments that were built in 2007.
The property is in an exclusive building of only five other properties.
It is positioned favourably, enjoys pleasing views and benefits from access to meticulously maintained grounds and communal areas.
Located in Upper Woolhampton and within an area of outstanding Natural Beauty the property strikes the perfect balance between an idyllic, and peaceful, countryside setting yet is incredibly well placed to access the regions impressive transport infrastructure.
The property benefits from miles of county walks and public footpaths on its doorstep yet is a short drive from junction 12 of the M4, mainline stations, small villages, large towns and some excellent sporting and leisure facilities.
Owned since new by the current owners the property has been meticulously maintained and presents to an exacting standard.
Accessed from a large landing accommodation is comprised of a reception hall that leads to all of the property's accommodation.
Its two bedrooms, the master of which is of a good size and benefits from en suite facilities.
The property's family bathroom and the dual aspect living / dining room which enjoys pleasing views of the Abbey Gardens development.
The kitchen is accessed from the dining area of the Living / dining room and offers plenty of storage, high end appliances, and pleasing view from the kitchen sink.
The property benefits further from a garage, access to the well-manicured grounds along with a communal field of just over an acre.
This property represents a rare and exciting opportunity to a acquire a home set within elegant and historic surroundings in a picturesque part of the Thames Valley.
Service Charge - £4162 per annum Ground Rent - £150 per annum Leasehold - Extended to 999 years in 2008.
Services available – Electric heating, main drainage Schools: Woolhampton C of E primary 0.04 Miles - Bradfield C of E primary 2.1 Miles Theale Green School 3.5 Miles - The Willink 6 Miles In accordance with anti–money laundering (aml) regulations, all buyers are required to undergo identity and compliance checks.
Please note that an aml check fee of £25.00 will be charged to each buyer as part of this process.
This fee is non-refundable and payable prior to the release of sales memorandums or progression of any transaction. The above information may be subject to change during the transaction period.
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.
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FAQ
About 71, Abbey Gardens, Reading
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