2 Bed Flat, Single Let, Reading, RG2 0NZ, £239,950

Kennet Island, RG2 0NZ - a year ago

Leasehold
BTL
ROI: 5%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£97.5K - £305K
Sold Prices/m²£1.9K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£245,261
BMV2%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£59,988

Stamp Duty & Legal Fees

£15,497

Total Cash In

£75,484

 

 

Cash Out

 

Rent Range

£1,179 - £3,989

Rent Estimate

£1,338

Running Costs/mo

£1,037

Cashflow/mo

£301

Cashflow/yr

£3,607

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £97.5K to £305K, average is £222.5K. £1.9K/m² to £5.4K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£250K03/230.2 miFlat 10, Lundy House, Drake Way, Reading RG2 0GQ2
£172.5K07/210.24 miFlat 48, Thorney House, Drake Way, Reading RG2 0GZ2
£285K01/210.78 mi3, The Brookmill, Reading RG1 6DD2
£210K02/210.83 mi16, Burdett Court, Reading RG2 7HY2
£205K02/230.83 mi14, Burdett Court, Reading RG2 7HY2
£200K11/200.84 miTop Floor Flat, 183a, Elgar Road, Reading RG2 0DH2
£195K03/230.84 mi104, Tippett Rise, Reading RG2 0DZ2
£220K06/210.86 mi47, Tippett Rise, Reading RG2 0DJ2
£155K06/210.88 mi48, Windermere Road, Reading RG2 7HP2
£100K06/210.89 mi90, Windermere Road, Reading RG2 7HR2
£290K12/220.91 miFlat 36, Milward Court, Warwick Road, Reading RG2 7BG2
£170K01/230.92 miFlat 48, Lynden Mews, Dale Road, Reading RG2 0AT2
£261.5K02/230.94 mi1, Westerham Walk, Reading RG2 0BA2
£189.9K05/211.01 miFlat 6, Radnor House, Rembrandt Way, Reading RG1 6QP2
£168K06/211.01 miFlat 1, Radnor House, Rembrandt Way, Reading RG1 6QP2
£225K04/211.01 miFlat 9, Charnwood House, Rembrandt Way, Reading RG1 6QR2
£208K03/211.04 mi4, St Pauls Court, Reading RG1 6HF2
£240K09/211.11 mi10, Southern Hill, Reading RG1 5ES2
£255K11/201.11 mi32, Southern Hill, Reading RG1 5ES2
£230K09/211.12 miFlat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS2
£145K11/201.14 mi4, Katesgrove Lane, Reading RG1 2ND2
£97.5K11/221.2 miFlat 16, Southglade, Whitley Wood Road, Reading RG2 8JS2
£188K07/231.24 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2
£300K06/211.25 miFlat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS2
£240K07/211.28 mi11, Deansgate Road, Reading RG1 2RZ2
£101.4K02/231.29 mi23, Talbot Court, Reading RG1 6QH2
£265K09/211.3 mi34, Swan Place, Reading RG1 6QD2
£229K01/211.34 mi29 Compass House, South Street, Reading RG1 4GQ2
£210K12/221.35 mi38, Emmbrook Court, Reading RG6 5TZ2
£195K12/221.35 mi14, Emmbrook Court, Reading RG6 5TZ2
£220K08/211.35 mi19, Emmbrook Court, Reading RG6 5TZ2
£252.5K06/211.4 mi1a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£242K07/231.4 mi14a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£247.8K11/211.4 miFlat 7, Greys Court, Sidmouth Street, Reading RG1 4PP2
£305K12/221.4 mi6, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£191K09/211.45 mi5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU2
£150K09/221.45 mi27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU2
£295K04/231.47 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/211.47 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£215K06/231.49 miFirst Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£230K12/221.49 miGround Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£212.5K04/211.49 miSecond Floor Flat, 20, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£228K06/231.52 mi19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR2
£240K03/231.53 mi11, Ashdene Gardens, Reading RG30 2EP2
£245K04/231.53 mi77, Ashdene Gardens, Reading RG30 2EP2
£238K07/211.53 mi20, Ashdene Gardens, Reading RG30 2EP2
£228K05/211.53 mi19, Ashdene Gardens, Reading RG30 2EP2
£260K02/231.53 mi7, Ashdene Gardens, Reading RG30 2EP2
£220K09/211.54 mi44, Perigee, Shinfield, Reading, Wokingham RG2 9FT2
£196K02/211.55 mi19, Baron Court, Reading RG30 2BP2

Local Rents

50 rents from £1.2K/mo to £4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,54912/240.01 mi-2
£1,69510/230.02 miMontagu House, Padworth Avenue, Reading, Berkshire, RG22
£1,17908/240.02 miBedwyn Mews, Reading, Berkshire, RG22
£1,49510/230.03 miMontagu House, Padworth Avenue, Reading, Berkshire, RG22
£1,50009/240.03 miOsprey House, Bedwyn Mews, Reading, Berkshire, RG22
£1,50007/240.03 miOsprey House, Bedwyn Mews, Reading, Berkshire, RG22
£1,60009/240.03 miOsprey House, Bedwyn Mews, Reading, RG22
£1,49508/240.04 miHarlequin House, Padworth Avenue, Reading, RG22
£1,59501/250.04 mi-2
£1,60007/240.04 miMontagu House, Padworth Avenue, Reading, RG22
£1,60007/240.04 miNightingale House, Drake Way, Kennet Island2
£1,50007/240.04 miDrake Way, Reading, RG22
£1,55009/240.04 miHarlequin House, Padworth Avenue, Reading, RG22
£1,50008/240.04 mi-2
£1,60003/250.04 mi-2
£1,55007/240.04 miDrake Way, Reading, RG22
£1,49507/240.04 miPeregrine House, Bedwyn Mews, Reading, RG22
£1,49507/240.05 miHarlequin House, Padworth Avenue, Reading, RG22
£1,60007/240.06 miDrake Way, Reading, Berkshire, RG22
£1,60009/240.06 miSkylark House, Kennet Island2
£1,50009/240.06 miSkylark House, Drake Way, Reading, RG22
£1,55008/240.06 miSkylark House, Drake Way, Reading, RG22
£1,70007/240.06 miSkylark House, Drake Way, Reading, Berkshire, RG22
£1,50007/240.06 miSkylark House, Drake Way2
£1,60008/240.06 miSkylark House, Kennet Island2
£1,50007/240.07 miDrake Way, Reading, Berkshire, RG22
£1,45007/240.08 miGreenham Avenue, Reading, RG22
£1,72502/250.08 mi-2
£1,45008/240.09 miCygnet House, Drake Way, Reading, RG22
£1,65007/240.09 miDrake Way, Reading, RG22
£1,70002/240.09 mi-2
£1,60009/240.1 miCygnet House, Kennet Island2
£1,52507/240.12 miCygnet House, Drake Way, Reading, RG22
£1,40007/240.13 miHeron House, Rushley Way, Reading, Berkshire, RG22
£1,55007/240.13 miGweal Avenue, Reading, Berkshire, RG22
£1,45007/240.14 miCygnet House, Drake Way, Reading, RG22
£1,65009/240.14 miLindisfarne Way, Reading, RG22
£1,35002/240.15 mi-2
£1,45007/240.15 miWhale Avenue, Reading, Berkshire, RG22
£1,40007/240.15 miMerrick House, Kennet Island2
£1,20007/240.15 miKennet Island, Reading2
£1,45007/240.15 miDrake Way, Reading2
£1,60009/240.15 miKennett Island, Reading2
£1,50008/240.16 miCygnet House, Drake Way, RG22
£1,60007/240.16 miPuffin Way, Reading, RG22
£1,55009/240.16 miPuffin Way, Reading, RG22
£1,50009/240.18 miHavergate Way, Kennet Island2
£3,98910/240.19 mi-2
£3,59912/240.19 mi-2
£1,25003/250.19 mi-2

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

1.33 miles away

Nearest school

0.30 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Price changed to £239,950

March 24, 2025

Listed for £248,000

February 27, 2024

Floor Plans

Description

  • TWO DOUBLE BEDROOMS +
  • TWO BATHROOMS +
  • LOUNGE WITH BALCONY +
  • KITCHEN WITH APPLIANCES +
  • CLOSE TO GREEN PARK STATION +
  • KENNET ISLAND DEVELOPMENT +

A two  bedroom, two bathroom apartment with a balcony on the Kennet Island development, completed in 2018 by Berkeley Homes. This modern and stylish luxury apartment is close to Green Park, with excellent transport links to Reading town centre, rail links and the M4. The development has its own gym, café, nursery and convenience store and is well-located for Reading's Oracle shopping centre and riverside restaurants.

Agent Details

Focus, Slough

01753 303877

Next Steps?

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