2 Bed Flat, Single Let, Reading, RG4 8RU, £239,995

Marshland Square, Emmer Green, Reading, RG4 8RU - 7 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~55 m²
+9 photos

ValuationUndervalued

Sold Prices£171K - £585K
Sold Prices/m²£2.6K/m² - £8K/m²

 

 

Square Metres

~55.37 m²
Price/m²£4.3K/m²

Value Estimate

£249,783
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£59,999

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,199

 

 

Cash Out

 

Rent Range

£1,295 - £2,850

Rent Estimate

£1,295

Running Costs/mo

£1,029

Cashflow/mo

£266

Cashflow/yr

£3,192

ROI

4%

Gross Yield

6%

Local Sold Prices

41 sold prices from £171K to £585K, average is £269K. £2.6K/m² to £8K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£171K10/220.27 mi7, Unity Court, Emmer Green, Reading RG4 8LQ2
£285K06/230.31 mi12, Emmer Green Court, Caversham, Reading RG4 6NQ2
£422.5K11/210.36 mi18, Lyefield Court, Emmer Green, Reading RG4 8AP2
£420K02/230.36 mi7, Lyefield Court, Emmer Green, Reading RG4 8AP2
£480K01/230.37 mi14, Lyefield Court, Emmer Green, Reading RG4 8AP2
£229.9K01/210.42 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£250K06/210.47 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.47 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£367.5K02/210.48 mi6, George Close, Caversham, Reading RG4 5EW2
£255K03/210.49 mi35, Field View, Caversham, Reading RG4 5HD2
£407.5K10/200.49 miFlat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS2
£250K12/200.56 mi63, Sheridan Avenue, Caversham, Reading RG4 7QB2
£227.5K09/210.65 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.65 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.65 mi14, Waller Court, Caversham, Reading RG4 6DB2
£350K02/210.77 mi19, Lomond Avenue, Caversham, Reading RG4 6PL2
£240K06/210.83 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.83 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.83 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.83 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.83 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£230K05/210.86 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£250K10/220.87 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£265K10/220.9 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£490K05/210.91 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.91 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.91 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£350K10/220.92 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200.92 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.92 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.92 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.92 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.92 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£335K12/220.93 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£340K02/230.94 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£262.5K09/210.97 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.97 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£243.5K12/200.98 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£330K01/230.98 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£295K02/230.98 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£185K12/200.99 mi1, Alston Walk, Caversham, Reading RG4 5DD2

Local Rents

14 rents from £1.3K/mo to £2.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,60002/240.23 mi-2
£1,30004/250.3 mi-2
£2,85012/240.31 miEmmer Green Court, Reading, Berkshire2
£1,30007/240.31 miLowfield Road2
£1,50011/240.35 mi-2
£1,40012/240.46 miFry Court, 11A Derby Road, Caversham, Reading, RG42
£1,50007/240.47 miGeorge Close, Grosvenor Road, Caversham2
£1,40003/250.47 mi-2
£1,29507/240.48 miAsh Court, Balmore Park, Reading2
£1,29512/240.5 miDerby Road, Caversham2
£1,65002/240.51 mi-2
£1,65003/250.55 mi-2
£1,45012/240.56 miCharlotte Close, Caversham, Reading, RG42
£1,29507/240.59 miKidmore Road, Caversham, Reading, Berkshire, RG42

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.85 miles away

Nearest school

0.20 miles away

Nearest train station

1.41 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 £239,995

January 19, 2025

Listed for £250,000

September 6, 2024

Floor Plans

Description

  • Modern apartment +
  • Two double bedrooms +
  • Two bathrooms ( on ensuite) +
  • Open plan kitchen +
  • Light and airy living room +
  • Extended lease & Peppercorn ground rent +
  • Ideal first time buy or rental investment +
  • Catchment for The Hill Primary School +
  • Council tax band D +
  • EPC rating B +

SOLD BY NICHOLAS ESTATE AGENTS & NEA LETTINGS: IDEAL FIRST TIME BUY OR RENTAL INVESTMENT WITH AN EXTENDED LEASE & PEPPCORN GROUND RENT. Set within this quiet location in Emmer Green offering views over communal gardens is this light and airy first floor apartment. The property boasts two double bedrooms and two bathrooms (one en suite), modern kitchen and a good sized open plan living room. The property is located only moments from local shops, The Hill Primary school and there is easy access to central Caversham & Reading. To the front there in un allocated parking. To appreciate the space on offer call now to view.

Communal Entrace - A well kept and spacious communal entrance with letterboxes at the entrance and corridor and stairs to the flats.

Halway - A welcoming entrance with laminate flooring, storage cupboard, cupboard for the hot water tank and doors to the bedrooms, bathroom and living room.

Bedroom One - 3.38m x 3.23m (11'1 x 10'7) - Nice sized double bedroom with carpet, windows and Juliet balcony overlooking the communal garden, ample space for wardrobes and door to the en suite.

En Suite - 2.44m x 1.68m (8'0 x 5'6) - Spacious en suite with vinyl flooring, shower cubicle, WC and sink.

Bedroom Two - 3.00m x 2.59m (9'10 x 8'6) - A good sized bedroom with carpet and window overlooking the communal gardens.

Bathroom - 2.87m x 1.63m (9'5 x 5'4) - Generously sized bathroom, vinyl flooring, bath with shower, WC and sink. Tiled walls and tile effect flooring.

Living Room - 4.22m x 3.81m (13'10 x 12'6) - Smart and comfortable living room with laminate flooring, good sized window overlooking the communal garden and access to open plan kitchen.

Open Plan Kitchen - 2.77m x 1.63m (9'1 x 5'4) - A good sized open plan kitchen with ample wall and base units. Roll top work surfaces with an inset sink and drainer, four ring hob, oven , extractor. Recess for the washing machine and fridge freezer. Splash backs and tile effect flooring.

Services - Water. Mains
Drainage. Mains
Electricity. Mains
Heating. Electric

Mobile phone. The vendor is not aware of any specific restricted mobile phone coverage

Broadband. Superfast, obtained from Ofcom

Tenure - Lease: 189 years from 2004
Service charge: £1771.24 inc water rates
Ground rent: Peppercorn

Agent Details

Nicholas Estate Agents, Caversham

0118 230 1760

Next Steps?

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