2 Bed Flat, Single Let, Reading, RG4 8BQ, £230,000

Claydon Court, Caversham, Reading, RG4 8BQ - 9 months ago

Leasehold
BTL
ROI: 5%
~52 m²
+2 photos

ValuationOvervalued

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

 

 

Square Metres

~52.10 m²
Price/m²£4.4K/m²

Value Estimate

£221,759

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Rent Range

£1,250 - £3,280

Rent Estimate

£1,300

Running Costs/mo

£999

Cashflow/mo

£301

Cashflow/yr

£3,615

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £180K to £585K, average is £261.3K. £2.6K/m² to £5.7K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£335K12/220.08 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£340K02/230.12 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K01/230.13 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£295K02/230.13 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£395K10/200.14 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.14 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.14 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.14 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.14 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/220.14 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£300K04/210.15 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.15 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£262.5K09/210.16 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.16 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£250K10/220.24 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£257.5K05/210.26 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£230K05/210.29 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£265K10/220.33 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£227.5K09/210.39 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.39 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.39 mi14, Waller Court, Caversham, Reading RG4 6DB2
£198K12/200.4 mi59b, Cardiff Road, Reading RG1 8ET2
£490K05/210.44 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.44 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.44 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£234K10/200.46 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£243.5K12/200.51 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£407.5K10/200.51 miFlat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS2
£180K06/230.54 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£250K06/210.54 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.54 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£250K02/210.54 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£255K03/210.61 mi35, Field View, Caversham, Reading RG4 5HD2
£215K04/230.65 mi23, Stratheden Place, Reading RG1 7BH2
£229.9K01/210.68 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£367.5K02/210.77 mi6, George Close, Caversham, Reading RG4 5EW2
£215K10/210.81 mi29, Bedford Road, Reading RG1 7EU2
£200K06/210.82 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.82 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£240K06/210.84 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.84 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.84 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.84 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.84 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£270.9K10/220.85 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.85 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.85 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£185K12/200.88 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£295K04/230.88 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.88 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2

Local Rents

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

RentDateDistanceAddressBeds 
£1,45007/240.12 miAbbotsmead Place2
£1,37512/240.12 mi-2
£1,35012/240.13 mi-2
£1,69507/240.13 miRiverside Court, Caversham2
£1,75012/240.13 miRiverside Court, Caversham, Reading2
£1,79507/240.13 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,37507/240.14 miAbbotsmead Place, Wolsey Road, Caversham, Reading, RG42
£3,28007/240.14 miRegents Riverside, Reading, Berkshire2
£2,00002/240.14 mi-2
£3,28010/240.14 mi-2
£1,69507/240.14 miRegents Riverside2
£1,60007/240.15 miDe Montfort Road, Reading2
£1,60008/240.15 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,70007/240.15 miRegents Riverside, Brigham Road, Reading, RG12
£1,65007/240.15 miRegents Riverside, Brigham Road, Reading, RG12
£1,25007/240.17 miSt. Martins Precinct, Church Street, Caversham, Reading, RG42
£1,90007/240.18 mi-2
£1,40007/240.18 mi-2
£1,65007/240.18 miPatrick Road, Caversham, Reading2
£1,30007/240.19 miCaversham Road, Reading2
£1,35007/240.19 miCaversham Road, Reading2
£1,50012/240.19 miTamesis Place, Patrick Road, Caversham2
£1,65007/240.19 miTamesis Place2
£1,65003/250.2 mi-2
£1,65007/240.2 miRegents Riverside, Brigham Road, Reading2
£1,35009/240.2 miLynmouth Court, Lynmouth Road2
£1,75012/240.21 miNorth Street, Caversham2
£1,65012/240.21 mi-2
£1,30002/240.22 mi-2
£1,45004/250.22 mi-2
£1,35008/240.23 miSwansea Road, Reading, RG12
£1,35009/240.23 mi-2
£1,70001/240.23 mi-2
£1,27507/240.23 miRandolph Road2
£1,35009/240.23 miRandolph Road2
£1,75007/240.24 miCaversham, Reading2
£1,39508/240.28 miDenbeigh Place2
£1,60008/240.29 miSwansea Road, Reading, RG12
£1,58010/240.29 mi-2
£1,29502/250.29 mi-2
£1,70007/240.29 miNorman Place, Reading, RG12
£1,52510/240.3 mi-2
£1,40007/240.32 mi2 Auburn Court2
£1,52511/240.33 mi-2
£1,55004/250.34 mi-2
£1,50008/240.34 miSwansea Road, Reading2
£1,50008/240.34 miSwansea Road, Reading2
£2,80002/240.35 mi-2
£1,35007/240.36 miSouth View Avenue, Caversham2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

0.88 miles away

Nearest school

0.10 miles away

Nearest train station

0.43 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 £230,000

March 12, 2025

Price changed to £250,000

January 15, 2025

Listed for £260,000

June 25, 2024

Floor Plans

Description

  • Two bedrooms +
  • One bathroom +
  • Living Room +
  • Kitchen +
  • 958 year lease +
  • Tenants in situ +
  • EPC Rating - D +

Romans are proud to present this two bedroom apartment ideally located within walking distance of the centre of Caversham.

The property consists of two good sized bedrooms, a family bathroom, a sizeable living area and seperate kitchen area.

The property is located within walking distance of Reading Train Station, and is close to a range of amenities offered in the centre of Caversham including Waitrose and a variety of restaurants and pubs.

Lease length - 958 years remaining
Service charge - £1,840 per year
Ground rent - Peppercorn
EPC Rating - D

Agent Details

Romans, Caversham

0118 230 5128

Next Steps?

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