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See how verdicts work2-bedroom property · RG41 1EH
For saleListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This stunning two bedroom first floor McCarthy and Stone built retirement apartment is located in a convenient location close to Wokingham town centre and train station.
The accommodation comprises spacious living/dining room with adjoining fitted kitchen and two double bedrooms including a master bedroom with en suite.
There are utility and clothes cupboards and an additional shower room. Outside there is one allocated parking space and well maintained communal grounds that’s wrap around the building.
The block benefits from a manager based in reception, smart communal areas, and a lift to all floors.
As well as a stylish communal lounge in which homeowners can socialise in over a cup of tea this development benefits from a beautifully landscaped garden at the rear, providing a secluded green space and terrace for all residents to enjoy.
The apartment also has the latest safety and security features built in too, with a 24-hour emergency call system, fire detection and door camera entry.
This retirement living development offers luxurious and low maintenance private apartments, exclusive to the over the 60s.
You’ll benefit from a friendly manager on-site to keep everything running smoothly, as well as access to communal areas like the lovely lounge and attractive gardens for socialising.
There is also a hotel-style guest suite as a convenient alternative when people come to stay. Pets are welcome.
Oakingham Place is prestigious purpose built block of apartments suitable for residents of 60 years and older, situated a short walk from Wokingham town centre, railway station and Elms Road redevelopment scheme which includes new shopping facilities and an impressive leisure complex.
Council Tax Band: D Local Authority: Wokingham Borough Council Energy Performance Rating: B Leasehold information Term: 999 yrs from 1st July 2023 Years remaining: 997 Annual Service charge: c.£5,276.40 NB: This is information you will need to verify through your solicitor, as part of the conveyancing process.
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 Oakingham Place, Reading Road, Wokingham, Berkshire, RG41 1EH
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