1-bedroom flat · RG40 2NP
For saleReduced £10k (−4.3%) on 14 SepListed 106 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in Wokingham town centre, this ground floor apartment is offered in excellent condition throughout and is an ideal downsize, first time buy or investment.
This apartment is one of the largest one bedroom designs within Mulberry House. When you open the door, you immediately enter the spacious open plan living room/kitchen.
The current owner has even incorporated a study space into this area due to its generous size.
The kitchen still looks brand new with an array of storage cupboards, integrated appliances and a breakfast bar with space for three to dine comfortably.
With floor to ceiling windows letting in an incredible amount of natural light, this space remains bright and airy with direct access out onto the private patio located here too.
The master bedroom is a generous double size with a dedicated dressing area with integrated triple wardrobes and a Jack-and-Jill en-suite bathroom.
The en-suite hosts a stylish bathtub and has been fully-tiled. One of the unique factors of this home is the private terrace, which only two properties benefit from in this apartment block.
The owner has decorated this space well with planters and table and chair. During the summer months, this space is a great sun trap.
There is also allocated underground parking for one vehicle which is situated behind gates.
Mulberry House is a very popular development due to its convenience being just a few moments walk from all of Wokinghams key amenities including the London-serving train station, town centre and Lidl Superstore.
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 Flat 12, Mulberry House, 2, Carey Road, Wokingham
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