Studio flat · RG40 1QW
To rentListed 36 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available from early October for single occupancy only. A well presented ground floor studio flat with front and rear gardens and parking.
In a mature residential area, one mile from Wokingham town centre.
Available for single occupancy only The accommodation comprises: On the ground floor: Entrance hall Open plan lounge & bedroom: Lounge area:15’9 x 11’ Bedroom area: 8’ x 6’ Inner hall kitchen bathroom Outside: Front garden laid to lawn with parking space for one vehicle Rear garden paved and gravelled with flowerbeds EER: C72 council tax: Wokingham Borough Council Band A deposit: £1035 holding deposit: £207 Broadband Highest available download: 1000 Mbps highest available upload: 1000 Mbps 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Once the holding deposit is received in cleared funds the property will be withdrawn from the market for fifteen days (eleven working days).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. The rent to be paid by monthly 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; Installation of cable/ satellite; 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.
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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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 19, Longs Way, Wokingham
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