1-bedroom flat · RG10 9GA
For saleReduced £12k (−7.4%) on 25 MayListed 227 days
Opportunity summary
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About
Situated in Old Silk Mill on the banks of the River Loddon and offered to the market with no onward chain is this one-bedroom second-floor apartment for the over 55's with views of the nature reserve.
Old Silk Mill offers independent living for over 55's with a very active social scene if desired, with the reassurance of an In-House Manager, a lift to all floors and a 24 hour helpline via pull cords located in the apartment.
Located within a short walk to the village amenities including supermarkets, chemists, cafes, library and Twyford Station on the Elizabeth Line. There is also a bus stop just outside of Old Silk Mill.
The apartment has accommodation comprising of an entrance hallway, lounge with double aspect windows, a spacious kitchen fitted with eye and base level units with space for a small dining table, a double bedroom with built-in wardrobes and a good sized bathroom with a bathtub and an overhead shower.
There is also the benefit of loft space for extra storage. Outside there are well-maintained communal grounds and ample residents/visitor parking (new restrictions apply).
Residents also benefit from access to a laundry room. There is also a guest suite for family and friends on the ground. This will need to be booked with the Manager and is available at a low cost.
Lease details: 125 years from 1999 Service Charge: £913.77 per quarter Includes water and laundry. Ground Rent: £340.00pa approx.
Council Tax Band: C 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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