2 Bed Flat, Single Let, Reading, RG4 8BB, £225,000

Abbotsmead Place, Caversham, Reading, RG4 8BB - 1 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+1 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.3K/m²

Value Estimate

£300,211
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£8,700

Total Cash In

£64,950

 

 

Cash Out

 

Rent Range

£1,250 - £3,280

Rent Estimate

£1,300

Running Costs/mo

£983

Cashflow/mo

£317

Cashflow/yr

£3,803

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £180K to £585K, average is £258.8K. £2.6K/m² to £5.7K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£395K10/200.02 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.02 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.02 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.02 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.02 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/220.02 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£340K02/230.02 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£335K12/220.08 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£257.5K05/210.23 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£330K01/230.25 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£295K02/230.25 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£300K04/210.27 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.27 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£262.5K09/210.28 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.28 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£490K05/210.3 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.3 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.3 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£250K10/220.32 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£230K05/210.37 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£243.5K12/200.37 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£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
£265K10/220.43 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£198K12/200.43 mi59b, Cardiff Road, Reading RG1 8ET2
£407.5K10/200.45 miFlat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS2
£250K06/210.46 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.46 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£234K10/200.53 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£229.9K01/210.59 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£255K03/210.61 mi35, Field View, Caversham, Reading RG4 5HD2
£180K06/230.65 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£250K02/210.65 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£215K04/230.7 mi23, Stratheden Place, Reading RG1 7BH2
£250K12/200.77 mi63, Sheridan Avenue, Caversham, Reading RG4 7QB2
£367.5K02/210.78 mi6, George Close, Caversham, Reading RG4 5EW2
£215K10/210.85 mi29, Bedford Road, Reading RG1 7EU2
£240K06/210.9 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.9 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.9 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.9 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.9 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£200K06/210.91 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.91 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£270.9K10/220.94 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.94 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.94 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£185K12/200.97 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£395K01/210.98 miFlat 6, Avenue House, Upper Warren Avenue, Caversham, Reading RG4 7EF2

Local Rents

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

RentDateDistanceAddressBeds 
£1,37507/240.02 miAbbotsmead Place, Wolsey Road, Caversham, Reading, RG42
£1,37512/240.02 mi-2
£1,45007/240.02 miAbbotsmead Place2
£1,75012/240.05 miRiverside Court, Caversham, Reading2
£1,69507/240.06 miRiverside Court, Caversham2
£1,25007/240.06 miSt. Martins Precinct, Church Street, Caversham, Reading, RG42
£1,30002/240.12 mi-2
£1,70001/240.14 mi-2
£1,75007/240.16 miCaversham, Reading2
£1,40007/240.18 mi2 Auburn Court2
£1,65003/250.2 mi-2
£1,75012/240.2 miNorth Street, Caversham2
£1,30007/240.21 miCaversham Road, Reading2
£1,35007/240.21 miCaversham Road, Reading2
£1,40007/240.21 mi-2
£1,27507/240.21 miRandolph Road2
£1,35009/240.21 miRandolph Road2
£2,15012/240.23 miTreetops, The Mount, Reading2
£1,65012/240.23 mi-2
£1,35012/240.25 mi-2
£1,79507/240.25 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,39508/240.27 miDenbeigh Place2
£2,00002/240.27 mi-2
£3,28010/240.27 mi-2
£1,69507/240.27 miRegents Riverside2
£3,28007/240.27 miRegents Riverside, Reading, Berkshire2
£1,60007/240.27 miDe Montfort Road, Reading2
£1,60008/240.27 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,70007/240.27 miRegents Riverside, Brigham Road, Reading, RG12
£1,65007/240.27 miRegents Riverside, Brigham Road, Reading, RG12
£1,35008/240.28 miSwansea Road, Reading, RG12
£1,35009/240.28 mi-2
£1,50012/240.29 miTamesis Place, Patrick Road, Caversham2
£2,20012/240.3 miTreetops, The Mount, Caversham, Reading, Berkshire, RG42
£2,20012/240.3 miTreetops, Caversham, Reading2
£1,65007/240.3 miPatrick Road, Caversham, Reading2
£1,90007/240.31 mi-2
£1,65007/240.31 miTamesis Place2
£1,29502/250.33 mi-2
£1,65007/240.33 miRegents Riverside, Brigham Road, Reading2
£1,35009/240.33 miLynmouth Court, Lynmouth Road2
£1,60008/240.34 miSwansea Road, Reading, RG12
£1,58010/240.34 mi-2
£1,45004/250.34 mi-2
£1,52510/240.36 mi-2
£1,52511/240.38 mi-2
£1,55004/250.39 mi-2
£1,50008/240.4 miSwansea Road, Reading2
£1,50008/240.4 miSwansea Road, Reading2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

0.98 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 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 £225,000

December 4, 2024

Listed for £250,000

July 23, 2024

Sold for £192,500

2013

Sold for £72,000

2003

Sold for £52,800

2000

Floor Plans

Description

  • Abbotsmead Place +
  • Two bedrooms +
  • One bathroom +
  • Allocated parking +
  • Communal grounds +
  • Close to Reading Station +
  • Local bus routes +

Situated within the desirable Abbotsmead Place development, Romans are delighted to present this attractive two bedroom first floor apartment, brought conveniently to the market with no onward chain!

The property consists of two great sized bedrooms; both of which boasts fitted wardrobes, a spacious reception room with double doors to a Juliette style balcony, a separate kitchen and a bathroom.

This two bedroom apartment further benefits from allocated parking and communal grounds. The property has excellent access to the centre of Caversham which offers a range of local amenities such as Waitrose and a range of local pubs and restaurants. There is also great access to Reading Train Station as well as a range of local bus routes.

Agent Details

Romans, Caversham

0118 230 5128

Next Steps?

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