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Chisbury Close, Forest Park, Bracknell, Berkshire, RG12 - Image 1
Chisbury Close, Forest Park, Bracknell, Berkshire, RG12 - Image 2
Chisbury Close, Forest Park, Bracknell, Berkshire, RG12 - Image 3
Chisbury Close, Forest Park, Bracknell, Berkshire, RG12 - Image 4

Chisbury Close, Forest Park, Bracknell, Berkshire, RG12

South East

£120,000
Listed on 05/10/2025

Property Details

Bedrooms
1
Type
Flat
Area
269 sqft

Description

Situated in a tranquil residential setting, this ground floor studio apartment in Chisbury Close, Forest Park, Bracknell, offers a compelling opportunity for renovation and investment. While the property currently requires significant updating, its expansive open-plan layout provides a versatile space that can easily serve as both a bedroom and living area. Large windows contribute to an airy ambiance, inviting ample natural light into the home. The existing kitchen has basic units and appliances but is in need of modernisation or complete overhaul to unlock its full potential. Similarly, the bathroom—accessed from the main living area—contains essential fixtures including a shower, sink, and toilet; however, it too requires comprehensive refurbishment to create a more functional and contemporary experience. This property includes resident parking and enjoys a strategic location with easy access to Bracknell town centre. Nearby amenities such as shops and restaurants enhance the appeal for future occupants or tenants. As such, this apartment represents an ideal project for investors or developers seeking to create a tailored living space within a desirable community. With a long lease of 999 years beginning July 1981 and no ground rent obligations, this property stands out as an attractive investment option. The annual service charge is £1331.74, providing maintenance for communal areas and services within the development. Prospective buyers should conduct their own due diligence regarding all features and systems within the property before making any commitments.

Investment Analysis

(RG12 area)

Above Market Value

This property is priced +9.7% above area average per sq ft

+9.7%
This Property
£446/sq ft
Area Average
£407/sq ft
Avg Rent (weekly)
£326
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£120,328
10% above area average per sq ft
Potential ROI
-19.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (RG12)

Area prices are rising by +6.4% over the last 12 months
3 year growth: 8.5%
5 year growth: 32.2%
Investment Disclaimer: Analysis based on RG12 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Chisbury Close, Forest Park, Bracknell, Berkshire, RG12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE