2-bedroom flat · RG31 7BX
Sold STCListed 120 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PARKERS - A fantastic opportunity to acquire a modern and incredibly well presented spacious, ground floor two bedroom apartment with NO ONWARD CHAIN, perfect for first time buyers or downsizers, with regular bus services into Reading Town Centre, Tilehurst Village and 1.8 miles to M4 Junction 12.
Located in a quiet development on Wildflower Drive the ground floor apartment accommodation includes; spacious entrance hall with a storage cupboard, two double bedrooms, en-suite to main bedroom, bathroom and a stylish kitchen/living room.
Further benefits include gas central heating, gas hob, integrated appliances. Outside of the property there is covered allocated parking, ample guest parking and communal garden with a play area.
Externally there are well maintained communal gardens and an allocated parking space plus visitor bays.
Junction 12 of the M4 is a 5 minute drive, as is the mainline station of Theale, with its direct services to London Paddington, it is also within a short walk to a bus stop.
Council Tax Band C (West Berkshire Borough Council) £2,089.54 P/A. Lease - 116 Years Ground Rent - £250 P/A Service Charge - £2,220 P/A - £185 P/M.
The above information may be subject to change during the transaction period.
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.
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 Wildflower Drive, Calcot, Reading, RG31
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