2 Bed Terraced House, Single Let, Reading, RG2 6AG, £325,000

Maine Street, Reading, RG2 6AG - 10 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£225K - £415K
Sold Prices/m²£3.5K/m² - £6.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£303,339

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Rent Range

£1,650 - £2,000

Rent Estimate

£1,654

Running Costs/mo

£1,366

Cashflow/mo

£288

Cashflow/yr

£3,451

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £225K to £415K, average is £300K. £3.5K/m² to £6.3K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£260K11/210.82 miFlat 503, Cygnet House, Drake Way, Reading RG2 0NX2
£303K06/210.83 mi12, Lindisfarne Way, Reading RG2 0GS2
£330K06/230.87 mi24, Puffin Way, Reading RG2 0GT2
£370K01/230.91 mi92, Longships Way, Reading RG2 0FZ2
£347.5K05/211.08 mi561, Basingstoke Road, Reading RG2 0SH2
£292K10/211.09 mi152, Hatford Road, Reading RG30 3HR2
£325K07/231.1 mi13, Padstow Gardens, Reading RG2 8BB2
£352.5K11/221.13 mi1, Heron Way, Reading RG1 6DY2
£300K06/211.16 mi18, Yew Lane, Reading RG1 6DA2
£415K08/221.16 mi1, Yew Lane, Reading RG1 6DA2
£225K03/211.16 mi16, Ashby Court, Reading RG2 8PG2
£315K06/231.18 mi28, Merton Road South, Reading RG2 8AX2
£355K07/231.2 mi47, Ashampstead Road, Reading RG30 3LA2
£270K06/211.21 mi7, Merrivale Gardens, Reading RG2 8AR2
£300K10/201.21 mi10, Swallows Croft, Reading RG1 6EH2
£287K04/211.21 mi6, Swallows Croft, Reading RG1 6EH2
£294K05/211.23 mi155, Southcote Lane, Reading RG30 3AP2
£277K04/211.24 mi117, Southcote Lane, Reading RG30 3AJ2
£338K07/231.24 mi2, Faircross Road, Reading RG30 3EL2
£270K04/211.25 mi40, Lamerton Road, Reading RG2 8AS2
£270K03/211.25 mi53, Lamerton Road, Reading RG2 8AS2
£255K02/211.25 mi43, Lamerton Road, Reading RG2 8AS2
£333K02/231.26 mi67, Brixham Road, Reading RG2 7RB2
£265K08/211.26 mi87, Brixham Road, Reading RG2 7RB2
£325K03/231.26 mi5, Greenfields Road, Reading RG2 8SF2
£285K04/211.27 mi186, Southcote Lane, Reading RG30 3AS2
£280K03/231.28 mi91, Callington Road, Reading RG2 7QG2
£365K11/221.29 mi8, Landrake Crescent, Reading RG2 8AJ2
£265K05/211.3 mi286, Basingstoke Road, Reading RG2 0HN2
£290K06/211.31 mi84, Brunel Road, Reading RG30 3JL2
£280K02/211.31 mi64, Brunel Road, Reading RG30 3JL2
£313K02/231.32 mi1, Greenfields Road, Reading RG2 8SE2
£330K06/231.32 mi101, Ashampstead Road, Reading RG30 3LG2
£320K02/231.32 mi113, Ashampstead Road, Reading RG30 3LG2
£335K07/211.32 mi19, Heatherden Close, Reading RG2 8SB2
£265K03/211.32 mi45, Ashmore Road, Reading RG2 8AG2
£335K07/231.33 mi6, Farrowdene Road, Reading RG2 8SD2
£270K01/211.34 mi3, Fawley Road, Reading RG30 3EN2
£292K08/211.35 mi24, Dovecote Road, Reading RG2 8UJ2
£301K12/221.37 mi22, Yelverton Road, Reading RG2 7SU2
£320K06/231.37 mi48, Long Barn Lane, Reading RG2 7SX2
£397.5K11/201.37 miWest Lodge, Coley Avenue, Reading RG1 6LS2
£270K02/211.37 mi13, Kingston Gardens, Reading RG2 7SH2
£295K05/211.39 mi246, Whitley Wood Road, Reading RG2 8TJ2
£297K10/201.43 mi18, Underwood Road, Reading RG30 3LR2
£355K12/221.44 mi4, Blagdon Road, Reading RG2 7NN2
£229.9K11/201.44 mi11, Copenhagen Close, Reading RG2 8UH2
£307K06/231.44 mi7, Copenhagen Close, Reading RG2 8UH2
£266.9K09/211.45 mi2, Copenhagen Close, Reading RG2 8UH2
£400K07/221.45 mi11, Upavon Drive, Reading RG1 6LP2

Local Rents

42 rents from £1.6K/mo to £2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,70008/240.03 miFlagstaff Road, Reading, RG22
£1,68007/240.08 miGreen Park, Reading2
£1,73507/240.08 miGreen Park, Reading2
£1,78507/240.08 miGreen Park, Reading2
£1,73507/240.08 miGreen Park, Reading2
£1,73509/240.08 miGreen Park, Reading2
£1,65007/240.1 miCandlewood Drive, Reading2
£2,00008/240.1 miChamplain Street, Green Park, RG22
£1,65007/240.11 miFairhaven Drive, Green Park2
£1,75008/240.12 miGreen Park Village, Fairhaven Drive, RG22
£1,75009/240.12 miGreen Park Village, Fairhaven Drive, RG22
£1,82907/240.12 miFairhaven Drive, Reading, RG2 6BL – 2 Bedrooms Flat2
£1,89507/240.13 miFlagstaff Road, Reading, RG22
£2,00004/250.13 mi-2
£1,80009/240.13 miFlagstaff Road, Reading, RG22
£1,80008/240.14 mi-2
£1,80007/240.14 miFairhaven Drive, Reading, RG22
£1,75007/240.14 miFlagstaff Road, Reading, RG22
£1,80009/240.15 miFlagstaff Road, Reading2
£1,85009/240.15 miFlagstaff Road, Reading2
£2,00007/240.15 miChamplain Street, Reading, Berkshire, RG22
£1,70007/240.17 miFairhaven Drive, Green Park, RG22
£1,85009/240.21 mi-2
£1,70007/240.24 mi57 Flagstaff Road, Bankside Garden, Reading, RG22
£1,70007/240.24 miFlagstaff Road2
£1,79509/240.24 miFlagstaff Road, Reading, RG22
£2,00008/240.24 mi55 Flagstaff Road, Bankside Gardens, Green Park, Reading, RG22
£1,80007/240.24 miFlagstaff Road, Bankside Gardens, Reading, Berkshire, RG22
£1,80007/240.24 miFlagstaff Road, Bankside Gardens, Reading, Berkshire, RG22
£1,69907/240.24 miFlagstaff Road, Bankside Gardens, Reading, RG22
£1,69907/240.24 miFlagstaff Road, Bankside Gardens, Reading, RG22
£1,69907/240.24 miFlagstaff Road, Bankside Gardens, Reading, RG22
£1,69907/240.24 miFlagstaff Road, Bankside Gardens, Reading, RG22
£1,75008/240.24 miFlagstaff Road, Bankside Gardens, Greenpark Village, Reading, Berkshire, RG22
£1,74608/240.24 miFlagstaff Road, Bankside Gardens, Reading, RG22
£1,74608/240.25 miFlagstaff Road, Bankside Gardens, Reading, RG22
£1,80008/240.25 miFlagstaff Road, Reading, RG22
£1,65008/240.26 miGreen Park Village, Reading, RG2 6BJ2
£1,80008/240.26 miFlagstaff Road, Reading, RG22
£1,70007/240.26 miBankside Gardens, Flagstaff Rd, Reading, RG22
£1,80007/240.27 miFlagstaff Road, Reading, RG22
£1,80007/240.27 miFlagstaff Road, Reading, Berkshire, RG22

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

2.01 miles away

Nearest school

0.10 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £325,000

June 3, 2024

Floor Plans

Description

GRAPEVINE- TO VIEW CALL

Key Features

Bedrooms: 2
Bathrooms: 2 (including en-suite to master)
Parking: Off-road parking and garage
Location: Green Park, near M4 Junction 11
Transport: Walking distance to Green Park Station with great train connections to London

Detailed Description

Living Area: Spacious and well-lit, ideal for relaxing and entertaining.
Modern decor and high-quality finishes.

Kitchen:

Fully equipped with modern appliances.
Plenty of counter space and storage.
Bedrooms:

Master Bedroom: Generous size with an en-suite bathroom.
Second Bedroom: Well-sized with ample storage.
Bathrooms:

En-Suite to Master: Modern fittings, shower, and elegant design.
Separate Bathroom: Full bathroom with a bathtub and contemporary finishes.

Additional Features:

Garage: Secure parking with additional storage.
Off-Road Parking: Extra space for guests or additional vehicles.

Location Benefits

Access to M4 Junction 11: Convenient for those commuting by car, providing easy access to major road networks. Proximity to Green Park Station: Walking distance to the station, offering excellent train services to London, making commuting stress-free.
Local Amenities: Close to local shops, restaurants, and leisure facilities, ensuring all your needs are met within a short distance. This Green Park coach house offers the perfect blend of comfort, convenience, and accessibility. Ideal for professionals working in London or first time buyers/investors looking for a well-connected suburban home.

Agents note:

In accordance with the Money Laundering Regulations mandated by the government in 2019, it is obligatory for us to verify the identity of all potential buyers. We engage the assistance of a third-party entity, Lifetime Legal, who will reach out to you directly at a mutually agreed upon time for this purpose. They will require the complete name, date of birth, and current residential address of all buyers. A nominal fee of £70, inclusive of VAT, is applicable for this service (per transaction, not per individual), payable directly to Lifetime Legal. Kindly note, we are unable to provide a memorandum of sale until the verification process is concluded.

Agent Details

Grapevine Estate Agents, Berkshire

0118 230 8390

Next Steps?

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