3 Bed Flat, Single Let, RG45 6DG £370,000

23 Wellesley Court, Dukes Ride, Crowthorne, Berkshire, RG45 6DG - 5 views - 2 years ago
Sold STC
Leasehold
BTL
ROI: 2%
~93 m²
Property image
Property image

ValuationOvervalued

Sold Prices£275K - £345K
Sold Prices/m²£2.8K/m² - £11.2K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£329,077

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£92,500

Stamp Duty & Legal Fees

£18,300

Total Cash In

£110,800

 

 

Cash Out

 

Rent Range

£850 - £2,750

Rent Estimate

£1,663

Running Costs/mo

£1,509

Cashflow/mo

£154

Cashflow/yr

£1,850

ROI

2%

Gross Yield

5%

Local Sold Prices

7 sold prices from £275K to £345K, average is £325K. £2.8K/m² to £11.2K/m², average is £3.9K/m².

Price
Date
Distance
Address
Beds
 
£345K03/250.27 mi23, Wellesley Court, Dukes Ride, Crowthorne RG45 6DG3
£345K03/250.27 mi23, Wellesley Court, Dukes Ride, Crowthorne RG45 6DG3
£325K04/250.96 mi7, Nugee Court, Dukes Ride, Crowthorne RG45 6SJ3
£325K04/250.96 mi7, Nugee Court, Dukes Ride, Crowthorne RG45 6SJ3
£335K11/221.41 miFlat 11, Longdown Lodge, Crowthorne Road, Sandhurst, Bracknell Forest GU47 8PF3
£292.5K09/211.87 mi141, Yorktown Road, Sandhurst, Bracknell Forest GU47 9BN3
£275K12/223 mi87, Bucklebury, Bracknell, Bracknell Forest RG12 7YJ3

Local Rents

36 rents from £850/mo to £2.8K/mo, average is £1.9K/mo.

Rent
Date
Distance
Address
Beds
 
£1,75006/250.47 miWokingham Road, Crowthorne, RG453
£2,15005/250.47 miWokingham Road, Crowthorne, Berkshire3
£1,60010/250.47 miWokingham Road, Crowthorne, Berkshire3
£1,55011/250.47 miWokingham Road, Crowthorne, Berkshire3
£2,15006/250.49 miCrowthorne, Berkshire, RG453
£1,75006/250.49 miWokingham Road, Crowthorne, RG453
£1,55006/250.49 miWokingham Road, Crowthorne, RG453
£1,90005/250.51 miWaterloo Road, Crowthorne, Berkshire, RG453
£2,25007/240.52 miParkway, Crowthorne, Berkshire, RG453
£2,00006/250.67 miSt. Andrews Close, Crowthorne, Berkshire, RG453
£1,65007/240.77 miDukes Ride, Crowthorne, Berkshire, RG453
£2,00010/250.81 miGoldsmith Way, Crowthorne, Berkshire, RG453
£2,20007/250.82 miLeaf Living at Buckler's Park, Crowthorne, RG45, Berkshire3
£2,20007/250.82 miLeaf Living at Buckler's Park, Crowthorne, RG45, Berkshire3
£2,20008/250.82 miLeaf Living at Buckler's Park, Crowthorne, RG45, Berkshire3
£2,11509/250.82 miLeaf Living at Buckler's Park, Crowthorne, RG45, Berkshire3
£2,00007/240.88 miMasefield Gardens, Crowthorne3
£85004/250.9 mi-3
£1,60011/250.94 mi-3
£1,50010/250.94 miCrowthorne, RG45, Heath Hill Road, P45173
£1,90007/250.96 miButler Road, Crowthorne, RG453
£2,40006/250.97 miLeaf Living at Bucklers Park, Crowthorne, Berkshire, RG453
£2,45006/250.97 miLeaf Living at Bucklers Park, Crowthorne, Berkshire, RG453
£2,45008/250.97 miLeaf Living at Bucklers Park, Crowthorne, Berkshire, RG453
£1,85004/240.98 mi-3
£2,75009/250.99 miCrowthorne3
£1,55004/240.99 miHigh Street3
£1,75007/241 miGrange Avenue, Crowthorne3
£1,75007/241.03 miGreenwood Road, Crowthorne, Berkshire, RG453
£2,45007/251.05 miHillary Drive, Crowthorne, RG453
£1,99507/241.06 miLeith Close, Crowthorne, RG453
£1,85010/251.16 miForest Road, Crowthorne, Berkshire, RG45 7EH3
£1,70007/241.17 miLyon Road, Crowthorne, Berkshire, RG453
£1,75009/231.21 mi-3
£1,80008/241.21 miLyon Road, Crowthorne, Berkshire, RG453
£1,85010/251.22 miLyon Road, Crowthorne, Berkshire, RG453

Local Area Statistics

Population in RG45

14,202

Nearest school

0.50 miles away

Nearest train station

0.09 miles away

 

 

Rental growth (12m)

+57%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £370,000

March 14, 2024

Floor Plans

Property image

Description

  • Gas radiator heating and uPVC double glazed windows +
  • Lift access and allocated parking +
  • Rarely available three bedroom design +

Located in the prestigious gated Wellesley Court development, a top floor three bedroom penthouse style apartment which is offered to the market with no onward chain. Accommodation comprises an entrance hallway, a spacious walk in storeroom, master bedroom with ensuite shower room, two further bedrooms, a 19’ living room with patio doors opening to a small balcony and a sizeable modern kitchen/dining room with integrated appliances. The property is presented in excellent order throughout and benefits from lift access from the ground floor, an allocated parking space and beautifully maintained grounds.

Situated - Wellesley Court is an exclusive gated development situated between Crowthorne railway station and the village High Street with its variety of stores, eateries and general amenities. Also nearby are many landmarks and beauty spots which include the National Trust 'Ridges', Heathlake Nature Reserve with its pleasant woodland walks around the Heath Lake and the grounds of Wellington College.

Outside - Wellesley Court is approached via secure electronic gates with resident and visitor parking. The communal rear garden is laid mainly to lawn with a variety of shrubbery and offering a good degree of privacy, this particular apartment benefits from a private balcony, there is also an external bin store. Lease Details: Years on Lease - 125 As of 1st January 2006 leaving 107 yrs. Annual Service charge - c.£3,018.86 / Annual ground rent - c.£470.49. NB: This is information you will need to verify through your solicitor, as part of the conveyancing process. Please note due to the lease terms it is likely a deed of variation will be required.

Energy Performance Rating - C

Council Tax Band - D

Local Authority - Wokingham Borough Council

Directions - From our Crowthorne office turn right on to Dukes Ride and proceed through the New Wokingham Road traffic lights. Wellesley Court can be found on the right hand side approximately 100 metres after Coppice Gardens.

Agent Details

Michael Hardy, Crowthorne

01344 951118

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪