Record price of £610,000 for two-bed flat
October 05, 2012
This could be the town’s most expensive apartment if it is snapped up by a high-flier willing to pay its £610,000 price tag.
The flat in a listed building could set a Wokingham property record if it reaches its asking price.
The two-bedroom apartment in The Elms in Broad Street is the most expensive flat ever marketed in the market town.
The apartment, with its octagonal master bedroom, is one of seven in the Grade II building, which was damaged in September last year when flames ripped though the roof.
More than 50 firefighters fought the blaze and although a man was arrested on suspicion of arson, charges were not brought.
Steve Jones, director of Richard Worth estate agency which is marketing The Elms, said the new owner would be buying a piece of Wokingham’s history.
He said: “What is unique about the development is its location and the fantastic building.
“It has lovely high ceilings which you just cannot buy nowadays.
“In terms of square footage it is probably the most expensive if it reaches its price.”
Developer Mark Flaherty said there was interest from buyers in their 50s who were semi-retired and also from people moving out of London.
He said: “People want to live in the middle of town, so they can pop out to the post office or go out without having to drive.
“This building has been a mansion, a bank and offices and if you walk into it now it feels right that it is now in its final form, back to residential.”
Mr Flaherty, who lives in Barkham, said he understood concerns about keeping the character of the market town during its regeneration.
He said: “Wokingham feels to us like a mini-Winchester and for us it is very important. We are looking forward to the regeneration and are bidding on The Tudor House in Rectory Road which we would like to turn into a house and two apartments.”
Peter Must, chairman of the Wokingham Society, said they were pleased The Elms had been returned to residential use.
He said: “At the time of the fire we said we hoped the work would continue.
“They have done very well with the external appearance and it is great that they have been able to incorporate some of the original beams that were saved.
“In terms of properties that were once houses, the best use that can be made of them is to return them to residential use.”