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162 Crockhamwell Road, Woodley, Reading, Berkshire RG5 3JH
First and Second Floor Two Bedroom Split Level Maisonette, R
162 Crockhamwell Road, Woodley, Reading, Berkshire RG5 3JH
For Sale
£110,000+
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
Auction Details :
Auction House London
Auction Date :
02/09/26
Lot Number :
51
Key Features
A First and Second Floor Two Bedroom Split Level Maisonette Subject to a Periodic Tenancy Producing £12,300 Per Annum
Leasehold. The property is held on a 999 year lease from 25th September 2025 (thus approximately 998 years unexpired ).
Current income approximately £12,300 per annum
EPC rating D
Description
The property comprises a first and second floor two bedroom split level maisonette situated within a parade arranged over ground and two upper floors. Accommodation includes Reception Room Kitchen. Tenancy: The property is subject to a Periodic Tenancy at a rent of £1,025 per calendar month. EPC rating D.
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Watch House Hill are within easy reach. Transport links are provided by Portway Park & Ride rail station and the M5.
Investment Analysis
Investment Snapshot
Guide Price | £110,000+ |
Tenure | Leasehold. The property is held on a 999 year lease from 25th September 2025 (thus approximately 998 years unexpired ). |
Refurbishment / Upgrade Budget | £5,000–£15,000 |
Purchase + Works | £115,000–£125,000 |
Current Rental Income | £12,300 per annum |
Gross Yield on Guide | 11.2% |
Estimated GDV / Investment Value | Requires verified sold/investment comparables |
Suggested Strategy | Buy-to-Let / Income Investment |
Property & Refurbishment
I would initially allow approximately £5,000–£15,000 for the works indicated by the listing, investor-grade finishing and contingency. This is an HB/AI feasibility allowance rather than a contractor quotation. A full survey and itemised trade pricing are required before fixing the budget.
Rental Analysis
The listing states current rental income of approximately £12,300 per annum, equivalent to a gross yield of about 11.2% on the guide price. This is a listing-derived figure and should be checked against the tenancy/lease, payment history and legal pack. Market rent has not been invented where current comparable lettings were not independently verified.
GDV / Resale Analysis
No sufficiently specific sold comparables were independently verified for this property during this high-volume batch market check. I have therefore not manufactured a GDV figure. Before bidding, establish value from recent like-for-like completed sales or, for commercial/tenanted assets, appropriate investment-yield evidence. Any future HB estimate should be clearly distinguished from a RICS valuation.
Properties Sold Within Approx. 5 Miles
Address | Property Type | Sold Price | Sold Date |
No sufficiently specific sold comparables were independently verified during this market check. This is intentionally left evidence-led rather than populated with fabricated transactions.
Potential BRRR Position
A reliable BRRR refinance calculation cannot be produced until a comparable-supported completed value and, where relevant, achievable rent are established. Any refinance would also depend on lender valuation, LTV, rental stress tests, construction, tenure and borrower criteria.
Flip Analysis
A flip should only be pursued once a conservative resale value has been supported by recent completed-sale evidence. Deduct acquisition tax, the auction administration charge, legal fees, finance, holding costs, refurbishment/development costs, contingency and selling costs; headline guide-to-value uplift is not net profit.
Investor Risks & Due Diligence
Review the complete legal pack, title/lease and all auction disbursements before bidding.
Obtain an appropriate survey/site inspection and contractor or professional costings.
Verify any stated tenancy, lease, rent, possession or planning information independently.
Obtain recent like-for-like sold and rental evidence before fixing GDV or achievable rent.
Recommendation
Preferred strategy: Buy-to-Let / Income Investment. The recommendation is based on the listing facts and current configuration. Because property-specific sold/rental comparables were not verified for every lot in this batch, the final bid ceiling should be set only after local market evidence and legal/condition due diligence are completed.
Strategy Rating
BRRR: ★★★☆☆
Buy-to-Let: ★★★★★
Flip: ★★★☆☆
Development: ★★☆☆☆
Property Location:
162 Crockhamwell Road, Woodley, Reading, Berkshire RG5 3JH
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