2-bedroom flat · RG40 5SP
Sold STCListed 226 days
Opportunity summary
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About
PROPERTY DETAILS Situated in the highly sought after Ashridge Grange development, this well appointed, detached coach house is an excellent choice for first time buyers, professionals and young families.
The property was built to a high standard in 2024 by David Wilson Homes and enjoys Flying Freehold status.
With the ease of maintaining an apartment and the advantages of a house, you really can get the best of both worlds with this property.
The first thing you will notice as you enter the property on the ground floor is the generously sized porch area and door to the staircase, which is very convenient for pets owners and families with children.
The top of the stairs open out on to the very spacious reception room and open plan kitchen, which has been intelligently sectioned with contrasting hard flooring to the kitchen and carpet to the dining area.
The kitchen has been fitted with a built in dishwasher, gas hob and full length fridge/freezer plus plenty of units for storage and workspace.
This room is light and airy as a result of the dual aspect views to the front and rear allowing for plenty of natural light to illuminate the space.
Both bedrooms are good sized doubles, with scope to add built in wardrobes if desired. The modern bathroom is fitted with three-piece-suite and shower over bath.
Externally the property has two allocated, under croft parking spaces, which is a real benefit in all weather.
Motion censored lighting has been fitted in the parking bays, plus your own under stairs storage cupboard perfect for storing bicycles and other items.
Ashridge Grange is ideally located for good access to Wokingham town centre with all shops, leisure facilities and public transport just a short distance away.
The development has retained many green spaces and residents can enjoy the well maintained lawns and flower beds as well as a play area for children.
For further areas of natural beauty, the new owners can benefit from the close proximity to Ashridge Meadows and Cantley Park.
A set of local allotments is just a short walk away located off Dalley Road. For those who commute, the property is conveniently close to the A329 and M4 roads.
FURTHER DETAILS Tenure - Flying Freehold Estate Charge - £175.39 per year Ground Rent and Service Charge combined - £337.60 per year.
We have been advised that this covers the building insurance and maintenance of landscaping and play areas. The seller has advised that they await grant of probate, which has already been applied for.
References to the Tenure of a Property and additional costs are based on information supplied by the Seller. A Buyer is advised to obtain verification from their Solicitor.
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 Franklin Drive, Wokingham
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