2-bedroom flat · RG40 2HE
Listing removedListed 64 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious well presented two bedroom ground floor flat with double glazing and gas central heating, garage and communal garden.
Situated within walking distance of the town centre and mainline railway station.
Available from mid/late September The accommodation briefly comprises: Communal Entrance Entrance Hall Lounge Kitchen/ Breakfast Room 2 Bedrooms Bathroom Outside: Communal gardens Garage in block to the rear.
Parking EER: C70 council tax: Wokingham Borough Council Band C deposit: £1615 holding deposit: £323 broadband: Ultrafast highest available download: 1000Mbps highest available upload: 1000Mbps Tenants permitted payments Before the tenancy starts:- Holding Deposit: One week’s rent, payable on the Landlord agreeing to the proposed letting and commencement date, subject to references.
Once the holding deposit is received in cleared funds the property will be withdrawn from the market for fifteen days (eleven working days).
If the Tenant provides false or misleading information, fails a reference or right to rent check, or withdraws from renting the property the holding deposit will be retained by the Agent.
If the landlord withdraws the deposit will be refunded.
Tenancy Requirements: Deposit:equivalent to five weeks’ rent for any contingencies arising out of the Tenancy in respect of dilapidations and any other outstanding charges.
The deposit will be held by The Deposit Protection Service for the duration of the Tenancy.
The Tenant is not entitled to any interest accrued on their deposit whilst it is held by the Deposit Protection Service. Rent: To be paid by Standing Order.
During the Tenancy: Payment of interest for the late payment of rent at a rate of 3% above the Bank of England base rate where the rent has been outstanding for 14 days or more for each day the payment is outstanding (from the date set out in the tenancy agreement).
Payment of £50 for any changes to the terms of the tenancy agreement when requested by the Tenant and agreed by the Landlord.
Payment for the reasonably incurred costs for the loss of keys/security devices.
Payment of any unpaid rent or other reasonable costs associated with the early termination of the tenancy if requested by the Tenant.
During the Tenancy (payable to the provider) if permitted by the Tenancy Agreement and applicable: Utilities: Gas, electricity, water; Council Tax; Telephone and broadband; Television licence.
Other permitted payments: Any other permitted payment, not included above, under the relevant legislation including contractual damages.
Money Protection: Martin & Pole is a member of the Royal Institution of Chartered Surveyors, which includes a client money protection scheme and also a member of the Property Ombudsman redress scheme.
Important notice:Please note that we have not checked whether any extension or alterations to the property comply with planning or building regulations.
This should be checked by your solicitor or surveyor.
We have endeavoured diligently to ensure the details of this property are accurate, however all measurements are approximate and none of the statements contained in these particulars are to be relied on as statements of fact.
They do not constitute any part of an offer or contract. We have no authority to make any representation or give any warranty whatever in relation to this property.
We have not tested the services, appliances or fittings referred to in the details.
School catchment zones are verified as far as possible with the local authority but cannot be guaranteed, nor do they necessarily guarantee a place in the school.
We recommend that each of the statements is verified and the condition of the property, services, appliances and fittings is investigated by you or your advisers before you finalise your offer to purchase or you enter a contractual commitment.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 7, Sturges Road, Wokingham
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