2-bedroom flat · RG40 4DW
Sold STCListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Plot 578 Guide Pricing Beds: 2 bedroom apartment Size: 70 m2 / 753 sq ft Full Price: £315,000 Share %: 25% Share Price: £78,750 Deposit 5%: £3,938 Monthly Mortgage: £377 Monthly so Resi Payment: £541 Estimated Service Charge: £254 Total Monthly Cost: £1,172 This bright and well proportioned two bedroom home is tailored for modern living, featuring a contemporary fitted kitchen with integrated oven, hob, extractor, fridge freezer, dishwasher and washing machine that flows into a generous living/dining space.
The bedrooms feel considered and comfortable, with the main bedroom benefiting from fitted storage; the bathroom is finished to a high standard with sleek sanitaryware, quality tiling and a heated towel rail, and selected plots include an ensuite.
With double glazed windows, energy efficient heating and lighting, usb charging points in key rooms and allocated EV ready parking, the home combines everyday comfort with lower running costs.
Set within tree lined, landscaped streets close to country parks and Wokingham's amenities-plus fast rail links to Reading and London-it offers an appealing balance of countryside calm and city connectivity, with availability via Shared Ownership.
Priority will be given to customers that live or work in Wokingham. What is Shared Ownership and how does it work?
Shared Ownership lets you buy a share of a home (with a mortgage and/or savings) and pay a reduced rent on the remaining share, making your initial deposit and monthly costs more affordable than buying outright.
Over time, you can usually buy more shares-known as "staircasing"-which lowers the rent proportionally and can lead to full ownership.
Eligibility, minimum shares, staircasing rules and any service charges apply; terms vary by development and are subject to affordability and assessment.
Available for £78,750 for 25% share based on the marketing figure of £315,000. Monthly rent - £541 Monthly Service Charge - £254 Total Monthly Charge - £795.00 plus mortgage required for 25% share.
On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge.
Where charges are not billed monthly, purchasers will be informed before proceeding.
An annual rent increase takes place every April Other information How we allocate Shared Ownership homes We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria.
Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority.
All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by so Resi and mtvh You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.
If the home is managed by another provider Visit their website to find their allocation policy. Contact us if you have any questions.
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home.
We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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