2-bedroom flat · SN4 9BJ
For saleReduced £10k (−2.9%) on 21 MayListed 248 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**GUIDE PRICE £330,000-£340,000** Situated within the popular Banks Place development in the heart of Wroughton, this well-presented retirement apartment offers comfortable and practical living designed with convenience in mind.
The property features a bright and spacious reception room with direct access to a private balcony, providing a lovely spot to relax and enjoy some fresh air.
The fitted kitchen is thoughtfully arranged and easily accessible from the main living area, making everyday living simple and efficient.
There are two well-proportioned bedrooms, with the main bedroom benefiting from built-in storage, ideal for keeping the space neat and organised.
The apartment is complemented by a modern bathroom and an additional separate shower room, offering flexibility for residents and guests alike.
A central hallway connects all rooms and includes useful storage cupboards.
Residents of Banks Place enjoy the use of a communal lounge area, providing a welcoming space to socialise and take part in activities, helping to create a lovely sense of community throughout the development.
For added peace of mind, a warden is on site during certain hours of the day and is available to assist with any queries.
Banks Place is a well-regarded retirement development offering a peaceful and secure environment, conveniently located close to local amenities, transport links and the village centre of Wroughton.
This apartment would make an ideal home for those seeking independent living with the reassurance of a supportive community.
EPC – B Council tax – D Lease length remaining – 991 years Service charge - £316.14 pcm
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
Agent & docs
FAQ
About Moormead Road, Wroughton, Swindon, SN4
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