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2 Bed Flat, Single Let, Reading, RG1 5DG, £220,000

London Road, Reading, RG1 5DG - 7 months ago

Leasehold
BTL
ROI: 6%
~54 m²
+7 photos

ValuationOvervalued

Sold Prices£101.4K - £330K
Sold Prices/m²£1.7K/m² - £4.7K/m²

 

 

Square Metres

~54 m²
Price/m²£4.1K/m²

Value Estimate

£166,875

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Total Cash In

£69,100

 

 

Cash Out

 

Rent Range

£1,200 - £4,100

Rent Estimate

£1,311

Running Costs/mo

£970

Cashflow/mo

£341

Cashflow/yr

£4,096

ROI

6%

Gross Yield

7%

Local Sold Prices

29 sold prices from £101.4K to £330K, average is £240K. £1.7K/m² to £4.7K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£229K01/210.18 mi29 Compass House, South Street, Reading RG1 4GQ2
£330K06/210.24 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2
£247.8K11/210.24 miFlat 7, Greys Court, Sidmouth Street, Reading RG1 4PP2
£245K12/220.25 miFlat 15, The Pinnacle, Kings Road, Reading RG1 4LY2
£283K02/230.25 miFlat 2, The Pinnacle, Kings Road, Reading RG1 4LY2
£275K05/230.34 mi78, Kennet Walk, Reading RG1 3GF2
£295K04/230.36 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.36 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£146K06/210.42 mi6, Robert Parker Road, Reading RG1 3FN2
£230K09/210.42 miFlat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS2
£229K01/210.44 mi29 Compass House, South Street, Reading RG1 4GQ2
£188K07/230.47 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2
£240K09/210.51 mi10, Southern Hill, Reading RG1 5ES2
£255K11/200.51 mi32, Southern Hill, Reading RG1 5ES2
£240K07/210.55 mi11, Deansgate Road, Reading RG1 2RZ2
£261.5K02/230.57 mi1, Westerham Walk, Reading RG2 0BA2
£290K12/220.66 miFlat 36, Milward Court, Warwick Road, Reading RG2 7BG2
£255K02/230.69 mi1, Haywood Court, Reading RG1 3QF2
£170K01/230.7 miFlat 48, Lynden Mews, Dale Road, Reading RG2 0AT2
£145K11/200.71 mi4, Katesgrove Lane, Reading RG1 2ND2
£265K09/210.73 mi34, Swan Place, Reading RG1 6QD2
£220K06/210.74 mi47, Tippett Rise, Reading RG2 0DJ2
£195K03/230.75 mi104, Tippett Rise, Reading RG2 0DZ2
£300K06/210.75 miFlat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS2
£200K11/200.77 miTop Floor Flat, 183a, Elgar Road, Reading RG2 0DH2
£180K06/230.78 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£250K02/210.79 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£101.4K02/230.82 mi23, Talbot Court, Reading RG1 6QH2
£208K03/210.83 mi4, St Pauls Court, Reading RG1 6HF2

Local Rents

50 rents from £1.2K/mo to £4.1K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,65007/240.01 miShelley Court, 46 London Road, Reading, Berkshire, RG12
£1,45007/240.01 mi-2
£1,60007/240.01 mi-2
£1,40004/250.01 mi-2
£1,45007/240.01 miShelley Court, Reading, RG12
£1,60007/240.01 miReading, Reading, RG12
£1,55007/240.01 mi-2
£1,20007/240.07 miLondon Road, Reading, Berkshire, RG12
£1,40010/230.07 miEldon Square, Reading, Berkshire, RG12
£1,45002/250.09 mi-2
£1,50007/240.09 mi22C Eldon Road, Reading, Berkshire, RG12
£2,70001/250.1 mi-2
£2,35007/240.1 mi-2
£2,70008/240.1 mi-2
£2,70008/240.1 mi-2
£1,70007/240.1 miEldon Terrace, Reading, Berkshire, RG12
£1,70007/240.1 miReading, Berkshire2
£1,25007/240.11 miLondon Road, Reading, RG12
£1,40008/240.11 miPrinces Street, Reading, Berkshire, RG12
£1,35007/240.11 miPrinces Street, Reading, Berkshire, RG12
£1,34507/240.14 miMontague Street, Reading2
£1,70004/250.14 mi-2
£1,30007/240.14 miCharles Place, 246 Kings Road, Reading, Berkshire, RG12
£1,49507/240.14 miKings Road, Reading, RG12
£1,40008/240.14 miHanover House, 202 Kings Road, Reading, RG12
£1,40011/240.15 mi-2
£1,45007/240.15 miHanover House, 202 Kings Road, Reading, RG12
£1,50007/240.15 miSt. Johns Road, Reading, Berkshire, RG12
£1,50007/240.15 mi-2
£1,40009/240.15 miKings Road, Reading2
£1,52501/250.15 mi-2
£1,40007/240.15 miKings Rd, Reading2
£1,35007/240.15 miSt. Johns Street, Reading, RG12
£1,90008/240.15 mi-2
£1,55007/240.16 miSt. Johns Hill, Reading, RG12
£1,20007/240.16 miKings Road, Reading2
£1,45007/240.16 miConquest Court, 7-11 St. Johns Hill, Reading, RG12
£1,40008/240.16 miEdward Place, 240 Kings Road, Reading, Berkshire, RG12
£1,65008/240.17 miLondon Road, Reading, RG12
£1,49507/240.17 miSt. Johns Hill, Reading2
£1,45008/240.17 miSt. Johns Hill, Reading2
£1,45007/240.17 miSt. John's Hill, Reading2
£1,55008/240.17 miWatlington Street, Reading, RG12
£4,10010/240.18 mi-2
£4,10009/240.18 mi-2
£4,10002/250.18 mi-2
£4,10001/250.18 mi-2
£3,00002/250.18 mi-2
£4,10010/240.18 mi-2
£3,00009/240.18 mi-2

Links

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.68 miles away

Nearest school

0.10 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Price changed to £220,000

February 28, 2025

Listed for £235,000

September 26, 2024

Floor Plans

Description

  • Two double bedrooms +
  • Beautifully presented +
  • Two bathrooms (En suite) +
  • Allocated Parking +
  • Town centre location +

Welcome to this charming 2-bedroom apartment in the heart of the town centre. This bright and airy property boasts a clean and cosy interior, perfect for those seeking a comfortable and well-maintained living space. The spacious living room is ideal for relaxing or entertaining guests, while the modern kitchen is equipped with all the necessary appliances for your culinary adventures. Both bedrooms are generously sized and offer ample storage space. The property also benefits from a well-maintained communal garden, perfect for enjoying some fresh air or a morning coffee. With excellent transport links, local amenities and schools within easy reach, this apartment offers the perfect blend of convenience and comfort for modern living. Don't miss the opportunity to make this lovely apartment your new home. Contact us today to arrange a viewing.

Agent Details

Romans, Reading

0118 230 5271

Next Steps?

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

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