2-bedroom flat · RG5 3HW
To rentListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two bedroom first floor maisonette located in a popular close in Woodley overlooking Southlake.
The property comprises two double bedrooms both with built in wardrobes, living room, separate kitchen, three piece bathroom and the property benefits from storage cupboards.
On road residents parking available. Available 24th November 2026. Unfurnished. Location: Wallace Close is accessed via Fairwater Drive.
The suburb of Woodley is part of the borough of Wokingham and is conveniently located on the east of Reading in between picturesque Sonning-on-Thames, Earley and Winnersh.
Woodley has excellent transport links offering easy access to junction 10 of the M4 via the A329(M), regular bus services into Reading and access to London via the Waterloo line from Earley or Winnersh stations or Paddington from Reading within 30 minutes.
Woodley has its own weekly farmers market and several parks including the popular Dinton pastures country park.
There is a leisure centre at Bulmersh and the popular nirvana spa health club in nearby Sindlesham.
Woodley has a small aviation museum, indoor ski centre, go-karting track and plenty of good quality schools, including Rivermead Primary and Waingels college.
Woodley is popular with families and young professionals working in one of its surrounding business parks or wanting easy access to Reading and beyond.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Wallace Close, Reading
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