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See how verdicts work3-bedroom flat · SN3 4GA
Sold STCListed 36 daysAuction 14 Oct · ended
Opportunity summary
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About
For sale by auction on Wednesday 14th October 2026 at 12:00 pm Auction Venue: The Woughton House Hotel, Newport Road, Woughton-on-the-Green, Milton Keynes MK6 3LR This is an in-room auction which will also be live-streamed with availability for internet, telephone and proxy bidding.
A top-floor three-bedroom apartment with a large balcony and two allocated parking spaces, which is one of just nine luxury apartments within an attractive purpose built block that was built to a very high specification by a multi-award winning small independent housebuilder in 2009.
Description This large apartment offers over 800 sq. Ft. Of accommodation and is one of three second-floor apartments.
It benefits from external walls on all four sides, allowing for a very light and airy living space that includes a triple aspect kitchen/dining/living room that incorporates French doors outside to the balcony.
The master bedroom also has French doors to the balcony and this is a double-aspect room with fitted wardrobes and an ensuite shower room.
There are two more bedrooms with the second bedroom also having fitted wardrobes.
The building is nicely located within a well regarded residential road on the edge of the town, close to a good road network which includes the A419 and the A420.
Accommodation Secure communal entrance to hall with stairs up to the second floor landing and the front door into the apartment.
A wide entrance hall with a fitted coat/store cupboard and doors to the living area, all three bedrooms and the bathroom.
In addition to the French doors, the main living space benefits from two deep sash windows to the side elevation and a well appointed contemporary kitchen.
There are three well proportioned bedrooms with the ensuite shower room and the bathroom both fitted with white modern suites and both having a window.
Exterior A stone pillared entrance with a block paved driveway continues to a paved parking area at the rear of the building with allocated spaces for each apartment, the main entrance, and to the side of the driveway is an enclosed bin store.
This apartment benefits from two allocated parking spaces. Tenancy The property is subject to an Assured Periodic Tenancy (apt) agreement, producing £1,090 per calendar month.
Note The Sellers owned and operated the independent construction company called Bower Mapson Ltd. Which built Reed Court in 2009.
Reed Court is a small development of just six terraced houses to the rear of Ashlar House, a three-storey block of nine apartments, built with traditional block and through-coloured rendered elevations and deep PVC double glazed sash windows to keep maintenance to a minimum.
The block is in the style of a grand Georgian house and each unit has its own gas central heating system.
The company specialised in high quality design, materials, fixtures and fittings and was a prolific award winner that included ten 'What House' National Design Awards, an NHBC 'Pride in the Job' Quality Award, two Daily Express British Housebuilding Awards, including one Small Housebuilder of the Year accolade.
Also, three short listings in the doe/riba awards, a Local Authority Civic Trust Design Award, together with an award in the Wiltshire Housing Design Awards.
They were also a winner for Site Magazine's national Best Luxury Site award and a BBC television award for a Best School Conversion.
EPC Rating B VAT VAT is not applicable Viewings We will be holding open-house viewings towards the end of September.
As soon as the dates and times have been set, we will let everyone know who has registered for the legal pack via e-mail, and they will also be published on our website.
Buyers Premium There is no Buyer's Premium payable on this lot. Administration Charge Purchasers will be required to pay an administration fee of £1,500 incl. VAT
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
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FAQ
About 7 Ashlar House, Reed Court, Swindon
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