2-bedroom flat · RG7 1GB
Sold STCListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern two bedroom first floor apartment ideally located in Three Mile Cross, 0.8 miles from the M4 Junction 11 and 1.2 miles from Mereoak park and ride.
Features include an open plan living area measuring 28.1ft by 14.1ft, fully fitted modern kitchen, main bedroom with ensuite, family bathroom and further double bedroom and allocated parking.
The property is to be sold as seen and has no onward chain. EPC Rating B. Three Mile Cross is so named as it lies three miles south of Reading on the old Basingstoke Road.
It is a small rural village and the community is divided by the A33 Basingstoke - Reading road. It is designated an area of special character and is located close to Junction 11 of the M4.
Local shops cater for day-to-day needs whilst more extensive shopping facilities may be found in the bustling market town of Wokingham and the town of Reading with its Oracle Shopping Centre.
This stunning apartment is comprised of an open plan living area, measuring a in at 28.1ft by 14.1ft, modern fully fitted kitchen, main bedroom with ensuite, a three piece family bathroom and a further double bedroom.
Outside the property has one allocated parking space. A few visitor spaces are also available and the estate features numerous green spaces and children play areas.
Wokingham Borough Council Tax Band C Mains Electric and water.
Lease: 125 years commencing on January 2018 Ground Rent: £250 per annum Annual Service Charge: £1049.29 per annum Estate Charge: £259.25 The service charge is reviewed annually.
Should you proceed with the purchase of the property these details must be verified by your solicitor. CONVEYANCING We work with DT Conveyancing to help you buy your property with confidence.
Your dedicated conveyancer will keep you informed at every stage from start to finish. Making your move a stress-free and straightforward as possible.
MORTGAGES YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE Exclusive deals are made available to Embrace Financial Services by PRIMIS Mortgage Network, to which Embrace Financial Services are an Appointed Representative Davis Tate Limited is an Introducer Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.
Embrace Financial Services Ltd. is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.
LETTINGS and MANAGEMENT We offer a complete range of services for Landlords, from fully managed lets to advertising only.
Each Landlord who chooses full management has a personal Property Manager and all our fees are based on a ‘no let - no fee’ basis. DISCLAIMER These particulars are a general guide only.
They do not form part of any contract. Services, systems and appliances have not been tested.
BUYERS INFORMATION To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers.
We use the services of our appointed compliance provider, Simplify, who will contact you directly at an agreed time to do this.
They will need the full name, date of birth and current address of all buyers. There is a charge of £99 including VAT for this (for the transaction not per person), payable direct to Simplify.
REFERRAL FEES We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying.
We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider.
The ancillary service provider may be an associated company of Davis Tate. DSH230139/
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Hayes Drive, Three Mile Cross, Reading, Berkshire, RG7
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