2 Bed Flat, Single Let, Reading, RG4 7AN, £349,950

Albert Road, Caversham Heights, RG4 7AN - 2 views - 10 months ago

Under Offer
Leasehold
BTL
~72 m²
+5 photos

ValuationOvervalued

Sold Prices£185K - £585K
Sold Prices/m²£3K/m² - £5.7K/m²

 

 

Square Metres

~72 m²
Price/m²£4.9K/m²

Value Estimate

£322,996

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,488

Stamp Duty & Legal Fees

£23,695

Total Cash In

£111,183

 

 

Cash Out

 

Rent Range

£1,250 - £2,200

Rent Estimate

£1,272

Running Costs/mo

£1,368

Cashflow/mo

£-96

Cashflow/yr

£-1,152

Gross Yield

4%

Local Sold Prices

36 sold prices from £185K to £585K, average is £265K. £3K/m² to £5.7K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£490K05/210.14 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.14 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.14 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£243.5K12/200.16 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£229.9K01/210.4 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£350K10/220.4 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200.4 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.4 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.4 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.4 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.4 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£250K06/210.42 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.42 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£340K02/230.42 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£250K12/200.43 mi63, Sheridan Avenue, Caversham, Reading RG4 7QB2
£335K12/220.47 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£257.5K05/210.49 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£227.5K09/210.59 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.59 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.59 mi14, Waller Court, Caversham, Reading RG4 6DB2
£185K03/210.63 mi19, Regency Heights, Caversham, Reading RG4 7RH2
£330K01/230.64 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£295K02/230.64 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£250K10/220.66 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£262.5K09/210.66 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.66 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£395K01/210.67 miFlat 6, Avenue House, Upper Warren Avenue, Caversham, Reading RG4 7EF2
£300K04/210.67 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.67 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£230K05/210.69 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£255K03/210.72 mi35, Field View, Caversham, Reading RG4 5HD2
£198K12/200.73 mi59b, Cardiff Road, Reading RG1 8ET2
£265K10/220.76 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£234K10/200.85 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£367.5K02/210.89 mi6, George Close, Caversham, Reading RG4 5EW2
£215K04/230.99 mi23, Stratheden Place, Reading RG1 7BH2

Local Rents

30 rents from £1.3K/mo to £2.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,50012/240.09 mi-2
£1,80001/250.11 mi-2
£2,20012/240.13 miTreetops, The Mount, Caversham, Reading, Berkshire, RG42
£2,20012/240.14 miTreetops, Caversham, Reading2
£2,15012/240.19 miTreetops, The Mount, Reading2
£1,40007/240.23 mi2 Auburn Court2
£1,65003/250.29 mi-2
£1,29507/240.33 miKidmore Road, Caversham, Reading, Berkshire, RG42
£1,30002/240.35 mi-2
£1,70001/240.37 mi-2
£1,75007/240.37 miCaversham, Reading2
£1,25007/240.38 miSt. Martins Precinct, Church Street, Caversham, Reading, RG42
£1,80007/240.39 miDellwood Park, Caversham, Berkshire, RG42
£1,45012/240.4 miCharlotte Close, Caversham, Reading, RG42
£1,37507/240.4 miAbbotsmead Place, Wolsey Road, Caversham, Reading, RG42
£1,37512/240.42 mi-2
£1,40004/250.42 mi-2
£1,45007/240.42 miAbbotsmead Place2
£1,75012/240.43 miRiverside Court, Caversham, Reading2
£1,69507/240.44 miRiverside Court, Caversham2
£1,29507/240.48 miAsh Court, Balmore Park, Reading2
£1,75012/240.48 miNorth Street, Caversham2
£1,55004/250.5 mi-2
£1,27507/240.51 miRandolph Road2
£1,35009/240.51 miRandolph Road2
£1,39508/240.54 miDenbeigh Place2
£1,30007/240.55 miCaversham Road, Reading2
£1,35007/240.55 miCaversham Road, Reading2
£1,40007/240.55 mi-2
£1,65012/240.56 mi-2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.34 miles away

Nearest school

0.20 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £349,950

December 11, 2024

Listed for £375,000

June 11, 2024

Floor Plans

Description

  • Two-bedroomed apartment for over 55`s +
  • Generous balcony +
  • Fabulous wet room +
  • Fully fitted kitchen +
  • Two residents lifts +
  • Concierge reception area +
  • Garden and greenhouses +
  • No onward chain! +

UNEXPECTEDLY REAVAILABLE! Enjoying stunning southerly views is in our opinion the best apartment within this sought after development for the over 55`s. Bridges are delighted to bring to the market this two bedroomed top floor apartment, for the over 55`s situated in a recently built development in sought-after Caversham Heights. The property has a large living/dining room with Velux window and balcony with views to the garden and is within a 15 minute walk to Caversham. There are two bedrooms, one benefitting from a Juliet balcony, a generous wet room and a kitchen with floor and eye level units and integrated appliances. Beechwood Grove offers a superb in house bistro restaurant, hairdressing salon, residents lounge, activity room & therapy room, mobility scooter store, with charging points, two residents lifts and guest suite for friends and relatives. There is a concierge reception area and onsite care services with Tunstall emergency system with intercom, pull cord and wrist bracelet call system. An early viewing is recommended by the vendors` sole agent. No onward chain!

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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Bridges Estate Agents, Caversham

0118 230 1725

Next Steps?

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