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See how verdicts work4-bedroom bungalow · RG40 3BD
For saleReduced £250k (−14.3%) on 26 OctListed 295 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Paddocks presents a wonderful and incredibly rare opportunity to create a smallholding or equestrian home in the most magical woodland location.
Located off Honey Hill, just outside Wokingham, the plot has two driveways which both lead through picturesque woodland to the main house.
The main property is a large four-bedroom bungalow which offers wealth of opportunity for expansion, redevelopment or modernisation subject to any necessary planning.
Extension is likely to be possible through the existing permitted development rights.
Space is plentiful with a kitchen/diner, large conservatory running along the back of the house, convenient utility room and an expansive garage in addition to the main reception room.
The most exciting part of the property is the potential provided by the land and additional buildings.
Extending to around 8 acres, the plot is made of a mixture of grass paddocks and a central woodland copse.
For the equestrian enthusiast, 12 wooden stables are laid out in two blocks which sit in a L -shape around a grass yard.
An open fronted barn sits next to the yard and provides space for hay, bedding and equipment storage. A large barn spanning over 2000 square feet offers further options to a buyer.
This includes a mezzanine office area and entrance porch. The barn can be used for commercial purposes, general storage or be considered for a Q class conversion, subject to the required planning.
Additional accommodation could be created at the cabin, which is separate to the other buildings.
This has been used previously as an office, but with some work would be a lovely one bedroom cottage, again subject to any necessary planning constraints.
Honey Hill is a short drive from the vibrant market town of Wokingham, which offers a superb choice of shops, cafes, bars and restaurants and various amenities.
The train station at Wokingham offers services to London Waterloo and Reading Station, where Elizabeth line services run to Paddington and through London, as well as connections to the rest of the national rail network.
Local schools in the area include the highly regarded Wellington College, Ludgrove School, Luckley House, Holme Grange and Redham House, all within a short drive.
The surrounding area provides numerous facilities for those with sporting interests including several golf courses, football, rugby, hockey and cricket pitches, tennis clubs, equestrian centres and health clubs including the Nirvana Spa at Sindlesham.
The renowned Crooked Billet pub is less than a mile away. Central heating - Electric underfloor heating Electric - Mains electric.
3 phase electricity to the barn Water - Private well plus connection to mains water at border of property Private drainage Building construction - some chrysotile present in outbuildings Broadband available : Fibre Mobile signal/coverage: Yes
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
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FAQ
About Honey Hill, Wokingham, RG40
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