2 Bed Flat, Single Let, Reading, RG4 8HU, £295,000

Archway Road, Caversham, Reading, RG4 8HU - a year ago

Sold STC
Leasehold
BTL
ROI: 1%
~68 m²
+12 photos

ValuationFair Value

Sold Prices£180K - £585K
Sold Prices/m²£2.6K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.3K/m²

Value Estimate

£300,211

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£12,300

Total Cash In

£86,050

 

 

Cash Out

 

Rent Range

£1,250 - £3,280

Rent Estimate

£1,295

Running Costs/mo

£1,201

Cashflow/mo

£94

Cashflow/yr

£1,130

ROI

1%

Gross Yield

5%

Local Sold Prices

48 sold prices from £180K to £585K, average is £256.3K. £2.6K/m² to £5.7K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£335K12/220.09 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/220.11 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200.11 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.11 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.11 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.11 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.11 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£340K02/230.11 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K01/230.21 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£295K02/230.21 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£262.5K09/210.22 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.22 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£250K10/220.22 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£230K05/210.26 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£227.5K09/210.26 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.26 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.26 mi14, Waller Court, Caversham, Reading RG4 6DB2
£300K04/210.31 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.31 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£265K10/220.33 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£257.5K05/210.35 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£490K05/210.37 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.37 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.37 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£250K06/210.37 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.37 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£243.5K12/200.45 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£255K03/210.48 mi35, Field View, Caversham, Reading RG4 5HD2
£229.9K01/210.52 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£198K12/200.54 mi59b, Cardiff Road, Reading RG1 8ET2
£234K10/200.62 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£367.5K02/210.65 mi6, George Close, Caversham, Reading RG4 5EW2
£180K06/230.7 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£250K02/210.7 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£250K12/200.74 mi63, Sheridan Avenue, Caversham, Reading RG4 7QB2
£240K06/210.78 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.78 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.78 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.78 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.78 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£215K04/230.8 mi23, Stratheden Place, Reading RG1 7BH2
£200K06/210.81 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.81 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£270.9K10/220.84 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.84 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.84 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£185K12/200.85 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£215K10/210.95 mi29, Bedford Road, Reading RG1 7EU2

Local Rents

49 rents from £1.3K/mo to £3.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,70001/240.08 mi-2
£1,75012/240.08 miNorth Street, Caversham2
£1,55004/250.08 mi-2
£1,25007/240.08 miSt. Martins Precinct, Church Street, Caversham, Reading, RG42
£1,75007/240.09 miCaversham, Reading2
£1,30002/240.09 mi-2
£1,37507/240.11 miAbbotsmead Place, Wolsey Road, Caversham, Reading, RG42
£1,37512/240.11 mi-2
£1,45007/240.11 miAbbotsmead Place2
£1,75012/240.18 miRiverside Court, Caversham, Reading2
£1,69507/240.18 miRiverside Court, Caversham2
£1,35012/240.21 mi-2
£1,50012/240.22 miTamesis Place, Patrick Road, Caversham2
£1,65007/240.25 miPatrick Road, Caversham, Reading2
£1,40007/240.26 mi2 Auburn Court2
£1,65007/240.27 miTamesis Place2
£1,35007/240.29 miSouth View Avenue, Caversham2
£2,15012/240.29 miTreetops, The Mount, Reading2
£1,79507/240.3 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£3,28007/240.3 miRegents Riverside, Reading, Berkshire2
£2,00002/240.3 mi-2
£3,28010/240.3 mi-2
£1,69507/240.3 miRegents Riverside2
£1,60007/240.31 miDe Montfort Road, Reading2
£1,60008/240.31 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,70007/240.31 miRegents Riverside, Brigham Road, Reading, RG12
£1,65007/240.31 miRegents Riverside, Brigham Road, Reading, RG12
£1,40007/240.31 mi-2
£1,30007/240.31 miCaversham Road, Reading2
£1,35007/240.31 miCaversham Road, Reading2
£1,27507/240.33 miRandolph Road2
£1,35009/240.33 miRandolph Road2
£1,90007/240.33 mi-2
£1,65012/240.34 mi-2
£1,65007/240.35 miRegents Riverside, Brigham Road, Reading2
£1,35009/240.35 miLynmouth Court, Lynmouth Road2
£1,29507/240.36 miAsh Court, Balmore Park, Reading2
£2,20012/240.37 miTreetops, The Mount, Caversham, Reading, Berkshire, RG42
£2,20012/240.37 miTreetops, Caversham, Reading2
£1,35008/240.37 miSwansea Road, Reading, RG12
£1,35009/240.37 mi-2
£1,45004/250.38 mi-2
£1,40004/250.38 mi-2
£1,65003/250.39 mi-2
£1,39508/240.39 miDenbeigh Place2
£1,45012/240.39 miArdler Road, Caversham2
£1,67512/240.41 miKings Road, Reading, Berkshire, RG42
£1,40012/240.41 miKings Road, Caversham2
£1,60002/240.42 mi-2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.04 miles away

Nearest school

0.10 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £295,000

May 22, 2024

Floor Plans

Description

  • Fantastic two bedroom apartment +
  • Open plan kitchen/living room +
  • Ensuite to main bedroom +
  • South facing aspect for living room +
  • Video entry phone access & residents lift +
  • Reading station - approx. 15 minute walk +
  • Approx. 5 minute walk to river Thames & parkland +

A superb two bedroom flat offering well proportioned accommodation including 21ft open plan kitchen/dining/living room, master bedroom with ensuite, useful residents lift & video access system. Handy central Caversham position close to local shops and only a 15 minute walk to Reading station and river Thames. Completely redesigned throughout with new fittings
SITUATION
This property is a short walk from local amenities including the public library, doctors surgery, dental practice, Thameside Primary School and an excellent range of small restaurants, pubs, local shops and Waitrose supermarket. There are frequent bus services to Reading and beyond. Nearby, Christchurch Meadows and the Thames Towpath provide extensive opportunities for walking, cycling and sporting activities. There is easy access to Reading mainline station with journey times to London Paddington approx. 25 minutes and has been further complemented with the arrival of Crossrail that offers direct routes to the central areas of the City of London
COMMUNAL ENTRANCE HALL
With video access system and residents lift

ENTRANCE HALL
With engineered oak flooring, spotlights, large utility/store cupboard with gas boiler and plumbing for washing machine
OPEN PLAN LIVING/DINING/KITCHEN
Super room with four rear windows offering a south facing aspect, with two radiators, engineered oak flooring, spotlights, space for sofa and table

Newly fitted kitchen comprising: worktops with recessed sink unit and electric Bosch hob & oven below, range of cupboards and drawers, concealed extractor hood, integrated Beko dishwasher and integrated fridge freezer

BEDROOM ONE
Twin front aspect windows, radiator, door to:

ENSUITE SHOWER ROOM
Brand new three piece suite comprising: double width shower cubicle with overhead rainfall shower, w.c, fitted wash hand basin, chrome towel radiator, spotlights, tiled walls and floor, large backlit mirror

BEDROOM TWO
Approx. 20ft in length, front aspect, radiator

MAIN BATHROOM
Brand new three piece suite comprising: panelled bath with overhead shower facility, w.c, fitted wash hand basin, chrome towel radiator, spotlights, tiled walls and floor, large backlit mirror
NOTE
There is no parking available with this property
TENURE
Leasehold

Original Lease - 250 years
Maintenance charge - £1,849.40 per annum
(These are the approximate projected annual service charge that will be finalised by the managing agent)
Ground rent - Peppercorn
APPROXIMATE MONTHLY RENTAL VALUE
£1,550
SCHOOL CATCHMENT
Thameside Primary School
Highdown School and Sixth Form Centre
COUNCIL TAX
Band TBC
FREE MORTGAGE ADVICE
We are pleased to be able to offer the services of an Independent Mortgage Adviser who can access a variety of mortgage rates from leading Banks and Building Societies. For a free, no obligation discussion or quote, please contact Stuart Milton, our mortgage adviser, on
LOCATION
This image is for indicative purposes and cannot be relied upon as wholly correct

Agent Details

Farmer & Dyer, Caversham

0118 230 0637

Next Steps?

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