1-bedroom flat · RG40 1GS
Listing removedListed 217 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PROPERTY DETAILS Located within the sought after Montague Park development, this spacious one bedroom ground floor apartment was completed in 2018, and is presented in excellent decorative order throughout, ideal as a first time purchase or a property to downsize into.
The property is offered to the market with no onward chain.
The main reception room is located at the end of the hallway and features an attractive bay window allowing plenty of natural light to illuminate the space.
The reception room is open plan with the kitchen, which comes fitted with appliances such as dishwasher, fridge/freezer and washing machine.
The spacious bedroom comfortably accommodates a double bed and large wardrobe.
The modern bathroom features a three-piece suite with shower over bath and glass shower door, and is tiled in a neutral sandstone colour.
Two deep storage cupboards are located in the hallway ensuring that coats, boots and larger items can be stored effectively.
The property benefits from an off-road allocated parking space in the residents only car park plus plenty of visitors spots clearly marked for guests to park in.
Externally there is also a secure bike shed. Montague Park has plenty of green space and walking paths, such as Buckhurst Meadows Nature Reserve and Draper Crescent Pond.
A Co-Op has been recently built within the development, approximately a 5 minute walk away, for all your grocery needs.
Being only a mile from the centre of Wokingham you have ease of access to all amenities, as well as being located a short distance from the A329 and M4.
The mainline train station provides regular fast links between London Waterloo and Reading (with The Elizabeth Line). Viewings are highly recommended. Call now to book!
FURTHER DETAILS Service Charge: £1,100p/a Ground Rent: £200p/a Leasehold 988 years Council tax band C References to the Tenure of a Property and additional costs are based on information supplied by the Seller.
A Buyer is advised to obtain verification from their Solicitor
Value & comps
No previous sales on record.
Returns
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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.
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About William Heelas Way, Wokingham
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