2 Bed Flat, Single Let, Reading, RG5 4WL, £260,000

2 CLOVER RISE, WOODLEY, RG5 4WL - 9 months ago

Sold STC

Leasehold

BTL

ROI: 3%

~58 m²

+4 photos

ValuationOvervalued

Sold Prices	£185K - £457.5K
Sold Prices/m²	£2.9K/m² - £5.3K/m²

Square Metres	~57.93 m²
Price/m²	£4.5K/m²
Value Estimate	£226,454£226,454

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£65,000£65,000
Stamp Duty & Legal Fees	£14,700£14,700
Total Cash In	£79,700£79,700

Cash Out
Rent Range	£1,200 - £1,550£1,200 - £1,550
Rent Estimate	£1,250
Running Costs/mo	£1,083£1,083
Cashflow/mo	£168£168
Cashflow/yr	£2,010£2,010
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

29 sold prices from £185K to £457.5K, average is £250K. £2.9K/m² to £5.3K/m², average is £3.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£272.5K	02/23	0.03 mi	16, Jasmine Square, Woodley, Reading, Wokingham RG5 4BW	£4,395	62	2	Flat
£258K	11/20	0.03 mi	130, Jasmine Square, Woodley, Reading, Wokingham RG5 4BW	£3,909	66	2	Flat
£260K	07/21	0.1 mi	23, Clover Rise, Woodley, Reading, Wokingham RG5 4WL	£3,939	66	2	Flat
£275K	10/22	0.3 mi	11, Harvard Close, Woodley, Reading, Wokingham RG5 4UJ	-	-	2	Flat
£224K	05/21	0.38 mi	32, Mannock Way, Woodley, Reading, Wokingham RG5 4XW	£4,438	50	2	Flat
£205K	10/20	0.4 mi	48, Lysander Close, Woodley, Reading, Wokingham RG5 4ND	£3,868	53	2	Flat
£205K	10/20	0.4 mi	48, Lysander Close, Woodley, Reading, Wokingham RG5 4ND	£3,868	53	2	Flat
£205K	10/20	0.4 mi	48, Lysander Close, Woodley, Reading, Wokingham RG5 4ND	£3,868	53	2	Flat
£260K	11/22	0.44 mi	43, Hartigan Place, Woodley, Reading, Wokingham RG5 4SH	£4,040	64	2	Flat
£240K	02/21	0.45 mi	70, Hartigan Place, Woodley, Reading, Wokingham RG5 4SH	£2,876	83	2	Flat
£220K	06/21	0.45 mi	26, Hartigan Place, Woodley, Reading, Wokingham RG5 4SH	£3,667	60	2	Flat
£215K	03/21	0.45 mi	33, Hartigan Place, Woodley, Reading, Wokingham RG5 4SH	£3,772	57	2	Flat
£217.5K	03/21	0.45 mi	32, Hartigan Place, Woodley, Reading, Wokingham RG5 4SH	£3,847	57	2	Flat
£250K	11/22	0.45 mi	50, Hartigan Place, Woodley, Reading, Wokingham RG5 4SH	£5,000	50	2	Flat
£330K	05/21	0.48 mi	10, Hurricane Way, Woodley, Reading, Wokingham RG5 4UX	-	-	2	Flat
£285K	12/20	0.58 mi	56, Shackleton Way, Woodley, Reading, Wokingham RG5 4UT	£5,278	54	2	Flat
£250K	01/23	0.63 mi	36, Dunbar Drive, Woodley, Reading, Wokingham RG5 4HA	£4,167	60	2	Flat
£215K	10/20	0.64 mi	36, Dunbar Drive, Woodley, Reading, Wokingham RG5 4HA	£3,583	60	2	Flat
£252K	03/21	0.64 mi	57, Dunbar Drive, Woodley, Reading, Wokingham RG5 4HA	£4,452	57	2	Flat
£290K	03/23	0.64 mi	15, Meteor Close, Woodley, Reading, Wokingham RG5 4NG	£5,273	55	2	Flat
£185K	04/21	0.71 mi	28, Concorde Way, Woodley, Reading, Wokingham RG5 4NF	£3,426	54	2	Flat
£241K	08/21	0.71 mi	32, Concorde Way, Woodley, Reading, Wokingham RG5 4NF	£4,155	58	2	Flat
£215K	03/21	0.74 mi	7, Church Mews, Woodley, Reading, Wokingham RG5 4RJ	£3,017	71	2	Flat
£257.5K	11/22	0.76 mi	7, Brecon Road, Woodley, Reading, Wokingham RG5 4PR	£3,642	71	2	Flat
£230K	03/21	0.88 mi	143, Headley Road, Woodley, Reading, Wokingham RG5 4JD	-	-	2	Flat
£396K	09/23	0.94 mi	Flat 9, Dorndon House, School Road, Hurst, Reading, Wokingham RG10 0GD	£4,125	96	2	Flat
£300K	05/21	0.94 mi	Flat 2, Dorndon House, School Road, Hurst, Reading, Wokingham RG10 0GD	-	-	2	Flat
£457.5K	05/23	0.94 mi	Flat 7, Dorndon House, School Road, Hurst, Reading, Wokingham RG10 0GD	-	-	2	Flat
£260K	12/20	0.94 mi	12, Ladbroke Close, Woodley, Reading, Wokingham RG5 4DX	£4,194	62	2	Flat

Local Rents

17 rents from £1.2K/mo to £1.6K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	08/24	0.04 mi	Jasmine Square, Woodley, Reading, Berkshire, RG5	2	Flat
£1,400	07/24	0.12 mi	-	2	Flat
£1,450	09/24	0.24 mi	-	2	Terraced House
£1,400	12/24	0.26 mi	-	2	Flat
£1,450	02/25	0.26 mi	-	2	Flat
£1,400	09/24	0.26 mi	Elm Drive, Woodley, Reading, RG5	2	Flat
£1,500	07/24	0.3 mi	Harvard Close	2	Terraced House
£1,500	07/24	0.36 mi	Lysander Close, Woodley, Reading	2	Flat
£1,400	09/24	0.37 mi	Donaldson Way, Woodley, Reading, Berkshire, RG5	2	Terraced House
£1,550	07/24	0.38 mi	Donaldson Way, Woodley	2	Terraced House
£1,400	07/24	0.4 mi	Lysander Close, Woodley	2	Flat
£1,500	07/24	0.42 mi	Lysander Close, Woodley	2	Terraced House
£1,300	07/24	0.44 mi	Hartigan Place, Woodley, Reading, Berkshire, RG5	2	Flat
£1,200	07/24	0.44 mi	Hartigan Place, Woodley, Reading, RG5	2	Flat
£1,250	07/24	0.44 mi	Hartigan Place, Woodley, Reading, Berkshire, RG5	2	Flat
£1,250	07/24	0.45 mi	Hartigan Place, Woodley	2	Flat
£1,500	07/24	0.56 mi	Armstrong Way, Woodley	2	Terraced House

Local Area Statistics

Population in RG5	25,44425,444
Population in Reading	321,187321,187
Town centre distance	4.14 miles away4.14 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.49 miles away1.49 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-31%-31%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Price changed to £260,000

March 28, 2025

Listed for £270,000

July 2, 2024

Floor Plans

Description

Top Floor Apartment +
Two Bathrooms +
Allocated Parking +
No Onward Chain Complications +
Ideal For First Time Buyers & Investors +
Good Condition Throughout +

NO ONWARD CHAIN COMPLICATIONS

Built by Taylor Wimpey in late 2016 on the popular Loddon Park development is an immaculately presented, top floor apartment. Conveniently located within close proximity of local amenities and transport links via the M4 and A329M, there is also easy access to nearby train stations at Winnersh Triangle, Earley and Twyford.

The accommodation comprises a large open plan kitchen/living room, two double bedrooms and two bathrooms including an en-suite to the master. The property comes with an allocated parking space with ample parking to the front for visitors.

It will be an ideal purchase for first time buyers and investors alike due to the great location and condition.

Agent Details

Prospect Estate Agency, Winnersh

0118 230 3821

Next Steps?

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

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