2-bedroom flat · RG10 9GA
For saleListed 15 days
Opportunity summary
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About
Well-presented two-bedroom first-floor apartment, exclusively for the over 55s. The property is offered to the market with no onward chain.
Situated within the popular Old Silk Mill development, set on the banks of the River Loddon and close to Twyford village.
Old Silk Mill offers comfortable independent living exclusively for those aged 55 and over, with the option to enjoy a friendly and active social community while retaining your independence.
Residents also have the reassurance of an in-house manager, lift access to all floors and a 24-hour emergency helpline via pull cords within the apartment.
Ideally located within a short walk of Twyford village centre, the property is close to a range of everyday amenities including supermarkets, chemists, cafés, the library and Twyford Station, providing excellent connections via the Elizabeth Line.
A bus stop is also conveniently situated just outside Old Silk Mill. This well-presented first-floor apartment comprises an entrance hallway providing access to all principal rooms.
The spacious 20ft living/dining room enjoys pleasant views of the nature reserve and River Loddon and leads through to a modern fitted kitchen, equipped with a built-in oven and hob, together with space for a washing machine and fridge/freezer.
There are two bedrooms which also benefit from views of the river. The main bedroom includes built-in wardrobes. The modern shower room features a convenient walk-in shower.
Outside, residents can enjoy well-maintained communal grounds, together with residents' and visitors' parking, although new parking restrictions now apply.
There is also a communal laundry room for residents' use.
For visiting family and friends, Old Silk Mill additionally offers a guest suite on the ground floor, which can be booked through the manager and is available at a low cost.
A well-located and thoughtfully designed retirement apartment, offering independent living with the added reassurance and convenience of on-site support and a welcoming community.
Lease details: 125 years from 1 January 1999 Service Charge: £1,163.52 per quarter Includes water and laundry. Ground Rent: £514.26 pa approx.
Council Tax Band: D Water: Mains Connected Heating: Electric Electricity: Mains Connected Sewerage: Mains Connected
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
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FAQ
About Silk Lane, Twyford, Reading, Berkshire, RG10
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