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

Clover Rise, Woodley, Reading, RG5 4WL - 9 months ago

Leasehold
BTL
ROI: 2%
~62 m²
+6 photos

ValuationOvervalued

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

 

 

Square Metres

~62.20 m²
Price/m²£4.2K/m²

Value Estimate

£244,088

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£17,200

Total Cash In

£82,200

 

 

Cash Out

 

Rent Range

£1,200 - £1,550

Rent Estimate

£1,250

Running Costs/mo

£1,083

Cashflow/mo

£168

Cashflow/yr

£2,010

ROI

2%

Gross Yield

6%

Local Sold Prices

32 sold prices from £185K to £457.5K, average is £251K. £2.9K/m² to £5.3K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£260K07/210.02 mi23, Clover Rise, Woodley, Reading, Wokingham RG5 4WL2
£272.5K02/230.15 mi16, Jasmine Square, Woodley, Reading, Wokingham RG5 4BW2
£258K11/200.15 mi130, Jasmine Square, Woodley, Reading, Wokingham RG5 4BW2
£275K10/220.28 mi11, Harvard Close, Woodley, Reading, Wokingham RG5 4UJ2
£205K10/200.34 mi48, Lysander Close, Woodley, Reading, Wokingham RG5 4ND2
£205K10/200.34 mi48, Lysander Close, Woodley, Reading, Wokingham RG5 4ND2
£205K10/200.34 mi48, Lysander Close, Woodley, Reading, Wokingham RG5 4ND2
£224K05/210.39 mi32, Mannock Way, Woodley, Reading, Wokingham RG5 4XW2
£260K11/220.4 mi43, Hartigan Place, Woodley, Reading, Wokingham RG5 4SH2
£240K02/210.4 mi70, Hartigan Place, Woodley, Reading, Wokingham RG5 4SH2
£220K06/210.4 mi26, Hartigan Place, Woodley, Reading, Wokingham RG5 4SH2
£215K03/210.4 mi33, Hartigan Place, Woodley, Reading, Wokingham RG5 4SH2
£217.5K03/210.4 mi32, Hartigan Place, Woodley, Reading, Wokingham RG5 4SH2
£250K11/220.4 mi50, Hartigan Place, Woodley, Reading, Wokingham RG5 4SH2
£330K05/210.41 mi10, Hurricane Way, Woodley, Reading, Wokingham RG5 4UX2
£285K12/200.5 mi56, Shackleton Way, Woodley, Reading, Wokingham RG5 4UT2
£250K01/230.52 mi36, Dunbar Drive, Woodley, Reading, Wokingham RG5 4HA2
£215K10/200.53 mi36, Dunbar Drive, Woodley, Reading, Wokingham RG5 4HA2
£252K03/210.53 mi57, Dunbar Drive, Woodley, Reading, Wokingham RG5 4HA2
£290K03/230.55 mi15, Meteor Close, Woodley, Reading, Wokingham RG5 4NG2
£185K04/210.62 mi28, Concorde Way, Woodley, Reading, Wokingham RG5 4NF2
£241K08/210.62 mi32, Concorde Way, Woodley, Reading, Wokingham RG5 4NF2
£215K03/210.7 mi7, Church Mews, Woodley, Reading, Wokingham RG5 4RJ2
£257.5K11/220.74 mi7, Brecon Road, Woodley, Reading, Wokingham RG5 4PR2
£230K03/210.81 mi143, Headley Road, Woodley, Reading, Wokingham RG5 4JD2
£260K12/200.86 mi12, Ladbroke Close, Woodley, Reading, Wokingham RG5 4DX2
£269.9K08/210.94 mi85, Headley Road, Woodley, Reading, Wokingham RG5 4JD2
£245K02/230.94 mi81, Headley Road, Woodley, Reading, Wokingham RG5 4JD2
£256K09/210.95 miFlat 3, Chapel View, Fosters Lane, Woodley, Reading, Wokingham RG5 4HX2
£396K09/230.99 miFlat 9, Dorndon House, School Road, Hurst, Reading, Wokingham RG10 0GD2
£300K05/210.99 miFlat 2, Dorndon House, School Road, Hurst, Reading, Wokingham RG10 0GD2
£457.5K05/230.99 miFlat 7, Dorndon House, School Road, Hurst, Reading, Wokingham RG10 0GD2

Local Rents

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

RentDateDistanceAddressBeds 
£1,40007/240 mi-2
£1,35008/240.16 miJasmine Square, Woodley, Reading, Berkshire, RG52
£1,45009/240.23 mi-2
£1,50007/240.28 miHarvard Close2
£1,50007/240.31 miLysander Close, Woodley, Reading2
£1,40007/240.34 miLysander Close, Woodley2
£1,55007/240.35 miDonaldson Way, Woodley2
£1,40009/240.35 miDonaldson Way, Woodley, Reading, Berkshire, RG52
£1,50007/240.36 miLysander Close, Woodley2
£1,40012/240.37 mi-2
£1,45002/250.37 mi-2
£1,40009/240.37 miElm Drive, Woodley, Reading, RG52
£1,30007/240.4 miHartigan Place, Woodley, Reading, Berkshire, RG52
£1,20007/240.4 miHartigan Place, Woodley, Reading, RG52
£1,25007/240.4 miHartigan Place, Woodley, Reading, Berkshire, RG52
£1,25007/240.4 miHartigan Place, Woodley2
£1,50007/240.46 miArmstrong Way, Woodley2

Local Area Statistics

Population in RG5

25,444

Population in Reading

321,187

Town centre distance

4.09 miles away

Nearest school

0.30 miles away

Nearest train station

1.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-31%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £260,000

January 15, 2025

Listed for £270,000

July 4, 2024

Floor Plans

Description

  • Marketed by Georgina & Sarah CHECK OUT THE VIDEO TOUR +
  • Two Spacious Double Bedrooms & Two Bathrooms +
  • Executive First Floor Apartment with Gas Central Heating +
  • Complete Onward Chain +
  • Secure Video Entry System & Allocated Parking +
  • EPC Rating B +
  • Modern and Ready To Move In Finish +
  • On The Doorstep Of Nature Reserve And Dinton Pastures +
  • Council Tax Band C +
  • Contact Georgina to arrange your private viewing +

Sellers View On the edge of Woodley, this two bedroom apartment offers the best of both worlds: I'm on the verge of the countryside (Dinton Pastures within walking distance) while having really convenient access to Reading and Wokingham centre.

As a first time buyer 7 years ago, this was my perfect first home. It's a really spacious apartment, and as someone who works from home a lot, it's given me the space I need to balance personal and work.

As an outdoorsy person, I've loved the walks and runs from the front door. The River Loddon and Dinton Pastures are like an extension of home for me, and with two parkruns in walking distance it's a great location for being active.

One of my favourite things about where I live is the tall trees outside the building. Looking out of any of the windows makes you feel like you're really secluded and in an almost rural setting. Plus the tall trees offer great screening in the height of summer, I've never suffered in heatwaves while living here!

I'm sad to be moving on and I just know that the next owner will love this place as much as I have!

Georgina & Sarah's View This spacious first floor apartment is perfect for anyone wanting a modern property that doesn't require any work.

The entrance hallway has a large storage cupboard and secure video entry system. The large kitchen/ lounge/ diner is perfect for entertaining. Built in appliances include fridge/freezer, oven with gas hob, dishwasher and washing machine.

Both bedrooms are great size doubles with the master bedroom also having fitted wardrobe and en-suite shower room. The main bathroom has a shower over bath. All windows are perfectly framed with beautiful trees giving a real sense of calm. The property has a secure bike store and one allocated parking space with ample visitor spaces.

Area Information Clover Rise is at the entrance to this popular development in Woodley with access to countryside walks on the doorstep. Dinton Pastures and the River Loddon are within easy reach. This is a prime spot for commuters with the A329m less than five minutes drive.

Leasehold 113 years remaining Service Charge: £150.56 per month Ground Rent: £365.07 per year Rental circa £1,500pcm+ Net Yield Circa 6.09%

Council Tax Band C

Agent Details

Avocado Property, Covering South East

01344 951830

Next Steps?

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