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See how verdicts work2-bedroom flat · SN3 4GA
Sold STCListed 36 daysAuction 14 Oct · ended
Opportunity summary
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About
For sale by auction on Wednesday 14th October 2026 at 12:00 pm Auction Venue: The Woughton House Hotel, Newport Road, Woughton-on-the-Green, Milton Keynes MK6 3LR This is an in-room auction which will also be live-streamed with availability for internet, telephone and proxy bidding.
A top-floor two-bedroom luxury apartment, with an allocated parking space, that is one of just nine units within an attractive purpose built block along a sought after residential road built to a very high specification by a multi-award winning small independent housebuilder in 2009.
Description With accommodation approaching 700 sq. Ft. There are two deep sash windows within the open-plan living room and kitchen, with contemporary kitchen units with fitted appliances.
The second bedroom is a double-aspect room with French doors with a Juliette balcony, and the master bedroom benefits from fitted wardrobes and an ensuite shower room which also has a window.
This has a contemporary white suite, as does the main bathroom. Accommodation Secure communal entrance to hall with stairs up to the second floor landing and the front door into the apartment.
A wide entrance hall with doors to the living area, both bedrooms and the bathroom.
Each of the principal rooms are well proportioned benefitting from an attractive cornice and recessed ceiling lights.
Exterior A stone pillared entrance with a block paved driveway continues to a paved parking area at the rear of the building with allocated spaces for each apartment, the main entrance, and to the side of the driveway is an enclosed bin store.
Tenancy The property is subject to an Assured Periodic Tenancy (apt) agreement, producing £1,100 per calendar month.
Note The Sellers owned and operated the independent construction company called Bower Mapson Ltd. Which built Reed Court in 2009.
Reed Court is a small development of just six terraced houses to the rear of Ashlar House, a three-storey block of nine apartments, built with traditional block and through-coloured rendered elevations and deep PVC double glazed sash windows to keep maintenance to a minimum.
The block is in the style of a grand Georgian house and each unit has its own gas central heating system.
The company specialised in high quality design, materials, fixtures and fittings and was a prolific award winner that included ten 'What House' National Design Awards, an NHBC 'Pride in the Job' Quality Award, two Daily Express British Housebuilding Awards, including one Small Housebuilder of the Year accolade.
Also, three short listings in the doe/riba awards, a Local Authority Civic Trust Design Award, together with an award in the Wiltshire Housing Design Awards.
They were also a winner for Site Magazine's national Best Luxury Site award and a BBC television award for a Best School Conversion.
EPC Rating C VAT VAT is not applicable Viewings We will be holding open-house viewings towards the end of September.
As soon as the dates and times have been set, we will let everyone know who has registered for the legal pack via e-mail, and they will also be published on our website.
Buyers Premium There is no Buyer's Premium payable on this lot. Administration Charge Purchasers will be required to pay an administration fee of £1,500 incl. VAT
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 8 Ashlar House, Reed Court, Swindon
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