2 Bed Flat, Single Let, Wokingham, RG40 1XG, £215,000

Peach Street, Wokingham, Berkshire, RG40 1XG - 1 views - 8 months ago

Leasehold

BTL

ROI: 6%

~56 m²

+3 photos

ValuationUndervalued

Sold Prices	£120K - £435K
Sold Prices/m²	£3.1K/m² - £5K/m²

Square Metres	~56.20 m²
Price/m²	£3.8K/m²
Value Estimate	£234,934£234,934
BMV	9%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£53,750£53,750
Stamp Duty & Legal Fees	£7,650£7,650
Total Cash In	£61,400£61,400

Cash Out
Rent Range	£1,175 - £2,800£1,175 - £2,800
Rent Estimate	£1,250
Running Costs/mo	£942£942
Cashflow/mo	£308£308
Cashflow/yr	£3,698£3,698
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

31 sold prices from £120K to £435K, average is £262K. £3.1K/m² to £5K/m², average is £4.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£435K	06/21	0.06 mi	1, Denton Mews, Wokingham RG40 2DZ	-	-	2	Flat
£285K	06/21	0.18 mi	53a, London Road, Wokingham RG40 1YA	£4,831	59	2	Flat
£190K	09/21	0.19 mi	36, Elms Road, Wokingham RG40 2AA	£3,788	50	2	Flat
£232.5K	12/22	0.2 mi	12, Elms Road, Wokingham RG40 2AA	£3,811	61	2	Flat
£215K	10/20	0.2 mi	56, Elms Road, Wokingham RG40 2AA	£4,300	50	2	Flat
£225K	07/23	0.2 mi	2, Elms Road, Wokingham RG40 2AA	£3,750	60	2	Flat
£215K	10/20	0.22 mi	56, Elms Road, Wokingham RG40 2AA	£4,300	50	2	Flat
£250K	03/21	0.22 mi	4, Elms Road, Wokingham RG40 2AA	£4,128	61	2	Flat
£308.8K	08/21	0.25 mi	Flat 16, Chestnut Grange, Harding Place, Wokingham RG40 1BT	-	-	2	Flat
£350K	02/23	0.27 mi	Apartment 5, Hulbert Gate, Shute End, Wokingham RG40 1BS	-	-	2	Flat
£293K	07/21	0.28 mi	9, Battys Barn Close, Wokingham RG40 2HJ	£4,014	73	2	Flat
£120K	11/20	0.28 mi	Flat 24, Wiltshire Place, Wiltshire Road, Wokingham RG40 1EP	-	-	2	Flat
£245K	10/20	0.29 mi	Flat 8, Dolphin House, Highfield Close, Wokingham RG40 1DG	-	-	2	Flat
£275K	04/23	0.32 mi	Flat 12, Silk Place, Wiltshire Road, Wokingham RG40 1QT	-	-	2	Flat
£350K	11/21	0.33 mi	Flat 1, Silk Place, Wiltshire Road, Wokingham RG40 1QT	-	-	2	Flat
£262K	01/21	0.38 mi	26, Milton Gardens, Wokingham RG40 1DA	£4,517	58	2	Flat
£235K	02/21	0.41 mi	122, Acorn Drive, Wokingham RG40 1EU	£4,434	53	2	Flat
£210K	05/21	0.41 mi	101, Acorn Drive, Wokingham RG40 1EU	£3,962	53	2	Flat
£267.5K	06/21	0.42 mi	143, Outfield Crescent, Wokingham RG40 2ET	£4,385	61	2	Flat
£275K	03/21	0.42 mi	135, Outfield Crescent, Wokingham RG40 2ET	£4,231	65	2	Flat
£282.5K	01/21	0.42 mi	13, Outfield Crescent, Wokingham RG40 2ET	£4,556	62	2	Flat
£305K	03/23	0.42 mi	41, Outfield Crescent, Wokingham RG40 2ET	£5,000	61	2	Flat
£255K	02/23	0.44 mi	35, Oakey Drive, Wokingham RG40 2DT	£4,180	61	2	Flat
£380K	06/23	0.45 mi	Flat 1, Eyre Court, Finchampstead Road, Wokingham RG40 2NX	£5,000	76	2	Flat
£245K	11/22	0.54 mi	39, Longs Way, Wokingham RG40 1QW	£4,224	58	2	Flat
£233.5K	01/21	0.66 mi	3, Tanhouse Lane, Wokingham RG41 2RL	£3,148	74	2	Flat
£237.5K	04/21	0.66 mi	6, Tanhouse Lane, Wokingham RG41 2RL	£3,299	72	2	Flat
£320K	03/21	0.73 mi	Apartment 4, Braybrook, Finchampstead Road, Wokingham RG41 2PF	-	-	2	Flat
£265K	05/21	0.88 mi	4, Dowles Green, Wokingham RG40 5AB	£3,955	67	2	Flat
£280K	06/23	0.91 mi	32, Reeves Way, Wokingham RG41 2PS	£4,516	62	2	Flat
£200K	04/21	0.99 mi	Flat 19, Woosehill Court, Emmview Close, Wokingham RG41 3DA	£3,922	51	2	Flat

Local Rents

50 rents from £1.2K/mo to £2.8K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,385	10/24	0.02 mi	-	2	Flat
£1,600	07/24	0.05 mi	Peach Street, Wokingham, Berkshire, RG40	2	Flat
£1,350	07/24	0.07 mi	Rose Street, Wokingham, RG40	2	Terraced House
£1,500	07/24	0.08 mi	Peach Street, Wokingham, RG40	2	Flat
£1,300	07/24	0.12 mi	Grainford Court, Wokingham	2	Flat
£1,600	01/24	0.12 mi	-	2	Flat
£1,250	07/24	0.13 mi	Crescent Road, Wokingham	2	Flat
£1,500	07/24	0.14 mi	Peach Street, Wokingham, RG40	2	Flat
£1,300	07/24	0.14 mi	Lockton House, Wokingham, RG40	2	Flat
£1,400	07/24	0.15 mi	Market Place, Wokingham, RG40	2	Flat
£1,300	07/24	0.16 mi	Woodstock House, Rectory Road, Wokingham, Berkshire, RG40	2	Flat
£1,300	07/24	0.16 mi	Rectory Road, Wokingham	2	Flat
£1,750	07/24	0.17 mi	Howard Road, Wokingham	2	Detached House
£1,250	07/24	0.18 mi	Wescott Road	2	Detached House
£1,250	07/24	0.19 mi	Broad Street, Wokingham	2	Flat
£1,175	07/24	0.21 mi	Elms Road, Wokingham, RG40	2	Flat
£1,650	07/24	0.22 mi	Wokingham, Berkshire	2	Semi-Detached House
£1,600	07/24	0.22 mi	Easthampstead Road, Wokingham	2	Terraced House
£1,300	08/24	0.23 mi	-	2	Flat
£1,350	11/24	0.24 mi	-	2	Terraced House
£2,400	07/24	0.24 mi	Orchard Close, Wokingham, RG40 2EP	2	Flat
£2,800	07/24	0.25 mi	Orchard Close, Wokingham, RG40 2EP	2	Detached House
£2,400	07/24	0.25 mi	Orchard Close, Wokingham, RG40 2EP	2	Detached House
£1,800	07/24	0.25 mi	Orchard Close, Wokingham, RG40 2EP	2	Detached House
£1,200	01/25	0.25 mi	-	2	Flat
£1,370	11/24	0.25 mi	-	2	Terraced House
£1,750	07/24	0.26 mi	Biscoe Way, Wokingham	2	Flat
£1,750	07/24	0.26 mi	Earle Crescent, Wokingham	2	Flat
£1,425	01/24	0.28 mi	-	2	Flat
£1,450	02/25	0.28 mi	-	2	Flat
£1,300	07/24	0.29 mi	72 Sturges Road, Wokingham, Berkshire	2	Flat
£1,500	07/24	0.3 mi	Norton Road Wokingham	2	Terraced House
£1,550	07/24	0.31 mi	Glebelands Road, Wokingham	2	Flat
£1,700	07/24	0.33 mi	Davy Close, Wokingham, RG40	2	Terraced House
£1,600	07/24	0.35 mi	Finchampstead Road, Wokingham, Berkshire, RG40	2	Flat
£1,400	07/24	0.36 mi	Wokingham, Berkshire, RG40	2	Flat
£1,750	07/24	0.36 mi	Carey Road, Wokingham, Berkshire, RG40	2	Detached House
£1,450	07/24	0.37 mi	Outfield Crescent, Wokingham, RG40	2	Flat
£1,450	07/24	0.37 mi	-	2	Flat
£1,350	07/24	0.37 mi	Outfield Crescent, Wokingham, RG40	2	Flat
£2,000	07/24	0.37 mi	Davy Close, Wokingham	2	Detached House
£1,450	07/24	0.38 mi	Outfield Crescent, Wokingham	2	Flat
£1,250	12/24	0.38 mi	Milton Gardens, Wokingham, RG40	2	Flat
£1,490	02/24	0.39 mi	-	2	Flat
£1,375	07/24	0.4 mi	Sharonelle Court, Wokingham	2	Flat
£2,000	07/24	0.4 mi	Wiltshire Road	2	Detached House
£1,850	07/24	0.44 mi	Wokingham, Berkshire, RG40	2	Flat
£1,900	07/24	0.44 mi	Wokingham, Berkshire, RG40	2	Flat
£1,800	07/24	0.44 mi	Wokingham, Berkshire, RG40	2	Flat
£1,850	07/24	0.44 mi	Wokingham, Berkshire, RG40	2	Flat

Local Area Statistics

Population in RG40	26,37026,370
Population in Wokingham	54,76954,769
Town centre distance	0.71 miles away0.71 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.48 miles away0.48 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+2%+2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £215,000

August 21, 2024

Floor Plans

Description

Two double bedrooms +
Good sized living room +
Modern kitchen +
Refitted bathroom +
Allocated parking +
No onward chain +

Set within the heart of Wokingham town centre and offering enviable access to all of Wokingham’s many amenities, including a host of restaurants, gyms, pubs and shops is this well-proportioned, bright and spacious apartment that comes to the market with no onward chain complications.
The accommodation consists of two double bedrooms, a re-fitted bathroom, a good sized living/dining room and a separate fitted kitchen.
With Wokingham train station within walking distance and easy access to the A329M and M4 motorway this property is likely to be of interest to a wide range of prospective purchasers.

Agent Details

Romans, Wokingham

0118 230 0734

Next Steps?

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