2 Bed Flat, Single Let, Wokingham, RG40 1XP, £235,000

Peach Street, Wokingham, Berkshire, RG40 1XP - 6 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+4 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£3.5K/m²
Value Estimate	£287,936£287,936
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£58,750£58,750
Stamp Duty & Legal Fees	£15,150£15,150
Total Cash In	£73,900£73,900

Cash Out
Rent Range	£1,175 - £2,800£1,175 - £2,800
Rent Estimate	£1,250
Running Costs/mo	£1,004£1,004
Cashflow/mo	£246£246
Cashflow/yr	£2,948£2,948
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

30 sold prices from £120K to £435K, average is £263.5K. £3.1K/m² to £5K/m², average is £4.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£435K	06/21	0.09 mi	1, Denton Mews, Wokingham RG40 2DZ	-	-	2	Flat
£285K	06/21	0.11 mi	53a, London Road, Wokingham RG40 1YA	£4,831	59	2	Flat
£120K	11/20	0.24 mi	Flat 24, Wiltshire Place, Wiltshire Road, Wokingham RG40 1EP	-	-	2	Flat
£293K	07/21	0.25 mi	9, Battys Barn Close, Wokingham RG40 2HJ	£4,014	73	2	Flat
£308.8K	08/21	0.26 mi	Flat 16, Chestnut Grange, Harding Place, Wokingham RG40 1BT	-	-	2	Flat
£190K	09/21	0.26 mi	36, Elms Road, Wokingham RG40 2AA	£3,788	50	2	Flat
£232.5K	12/22	0.27 mi	12, Elms Road, Wokingham RG40 2AA	£3,811	61	2	Flat
£215K	10/20	0.28 mi	56, Elms Road, Wokingham RG40 2AA	£4,300	50	2	Flat
£225K	07/23	0.28 mi	2, Elms Road, Wokingham RG40 2AA	£3,750	60	2	Flat
£275K	04/23	0.28 mi	Flat 12, Silk Place, Wiltshire Road, Wokingham RG40 1QT	-	-	2	Flat
£350K	11/21	0.29 mi	Flat 1, Silk Place, Wiltshire Road, Wokingham RG40 1QT	-	-	2	Flat
£215K	10/20	0.29 mi	56, Elms Road, Wokingham RG40 2AA	£4,300	50	2	Flat
£250K	03/21	0.29 mi	4, Elms Road, Wokingham RG40 2AA	£4,128	61	2	Flat
£245K	10/20	0.33 mi	Flat 8, Dolphin House, Highfield Close, Wokingham RG40 1DG	-	-	2	Flat
£350K	02/23	0.34 mi	Apartment 5, Hulbert Gate, Shute End, Wokingham RG40 1BS	-	-	2	Flat
£235K	02/21	0.42 mi	122, Acorn Drive, Wokingham RG40 1EU	£4,434	53	2	Flat
£210K	05/21	0.42 mi	101, Acorn Drive, Wokingham RG40 1EU	£3,962	53	2	Flat
£262K	01/21	0.43 mi	26, Milton Gardens, Wokingham RG40 1DA	£4,517	58	2	Flat
£245K	11/22	0.47 mi	39, Longs Way, Wokingham RG40 1QW	£4,224	58	2	Flat
£267.5K	06/21	0.49 mi	143, Outfield Crescent, Wokingham RG40 2ET	£4,385	61	2	Flat
£275K	03/21	0.49 mi	135, Outfield Crescent, Wokingham RG40 2ET	£4,231	65	2	Flat
£282.5K	01/21	0.49 mi	13, Outfield Crescent, Wokingham RG40 2ET	£4,556	62	2	Flat
£305K	03/23	0.49 mi	41, Outfield Crescent, Wokingham RG40 2ET	£5,000	61	2	Flat
£380K	06/23	0.5 mi	Flat 1, Eyre Court, Finchampstead Road, Wokingham RG40 2NX	£5,000	76	2	Flat
£255K	02/23	0.51 mi	35, Oakey Drive, Wokingham RG40 2DT	£4,180	61	2	Flat
£233.5K	01/21	0.73 mi	3, Tanhouse Lane, Wokingham RG41 2RL	£3,148	74	2	Flat
£237.5K	04/21	0.74 mi	6, Tanhouse Lane, Wokingham RG41 2RL	£3,299	72	2	Flat
£320K	03/21	0.79 mi	Apartment 4, Braybrook, Finchampstead Road, Wokingham RG41 2PF	-	-	2	Flat
£265K	05/21	0.82 mi	4, Dowles Green, Wokingham RG40 5AB	£3,955	67	2	Flat
£280K	06/23	0.97 mi	32, Reeves Way, Wokingham RG41 2PS	£4,516	62	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
£1,500	07/24	0.01 mi	Peach Street, Wokingham, RG40	2	Flat
£1,600	07/24	0.02 mi	Peach Street, Wokingham, Berkshire, RG40	2	Flat
£1,600	01/24	0.05 mi	-	2	Flat
£1,385	10/24	0.07 mi	-	2	Flat
£1,500	07/24	0.09 mi	Peach Street, Wokingham, RG40	2	Flat
£1,350	07/24	0.09 mi	Rose Street, Wokingham, RG40	2	Terraced House
£1,250	07/24	0.11 mi	Wescott Road	2	Detached House
£1,300	07/24	0.12 mi	Lockton House, Wokingham, RG40	2	Flat
£1,300	07/24	0.15 mi	Grainford Court, Wokingham	2	Flat
£1,250	07/24	0.15 mi	Crescent Road, Wokingham	2	Flat
£1,650	07/24	0.15 mi	Wokingham, Berkshire	2	Semi-Detached House
£1,350	11/24	0.17 mi	-	2	Terraced House
£2,400	07/24	0.18 mi	Orchard Close, Wokingham, RG40 2EP	2	Flat
£2,800	07/24	0.18 mi	Orchard Close, Wokingham, RG40 2EP	2	Detached House
£2,400	07/24	0.18 mi	Orchard Close, Wokingham, RG40 2EP	2	Detached House
£1,800	07/24	0.18 mi	Orchard Close, Wokingham, RG40 2EP	2	Detached House
£1,600	07/24	0.18 mi	Easthampstead Road, Wokingham	2	Terraced House
£1,370	11/24	0.19 mi	-	2	Terraced House
£1,300	07/24	0.2 mi	Woodstock House, Rectory Road, Wokingham, Berkshire, RG40	2	Flat
£1,300	07/24	0.2 mi	Rectory Road, Wokingham	2	Flat
£1,400	07/24	0.22 mi	Market Place, Wokingham, RG40	2	Flat
£1,750	07/24	0.22 mi	Howard Road, Wokingham	2	Detached House
£1,425	01/24	0.25 mi	-	2	Flat
£1,450	02/25	0.25 mi	-	2	Flat
£1,250	07/24	0.25 mi	Broad Street, Wokingham	2	Flat
£1,300	07/24	0.27 mi	72 Sturges Road, Wokingham, Berkshire	2	Flat
£1,175	07/24	0.28 mi	Elms Road, Wokingham, RG40	2	Flat
£1,300	08/24	0.3 mi	-	2	Flat
£1,200	01/25	0.31 mi	-	2	Flat
£1,550	07/24	0.33 mi	Glebelands Road, Wokingham	2	Flat
£1,750	07/24	0.33 mi	Biscoe Way, Wokingham	2	Flat
£1,750	07/24	0.34 mi	Earle Crescent, Wokingham	2	Flat
£1,500	07/24	0.36 mi	Norton Road Wokingham	2	Terraced House
£2,000	07/24	0.37 mi	Wiltshire Road	2	Detached House
£1,700	07/24	0.38 mi	Davy Close, Wokingham, RG40	2	Terraced House
£1,400	07/24	0.41 mi	Wokingham, Berkshire, RG40	2	Flat
£1,600	07/24	0.41 mi	Finchampstead Road, Wokingham, Berkshire, RG40	2	Flat
£1,750	07/24	0.42 mi	Carey Road, Wokingham, Berkshire, RG40	2	Detached House
£1,850	07/24	0.42 mi	Wokingham, Berkshire, RG40	2	Flat
£1,900	07/24	0.42 mi	Wokingham, Berkshire, RG40	2	Flat
£1,800	07/24	0.42 mi	Wokingham, Berkshire, RG40	2	Flat
£1,850	07/24	0.42 mi	Wokingham, Berkshire, RG40	2	Flat
£1,250	12/24	0.43 mi	Milton Gardens, Wokingham, RG40	2	Flat
£2,000	07/24	0.43 mi	Davy Close, Wokingham	2	Detached House
£1,450	07/24	0.44 mi	Outfield Crescent, Wokingham, RG40	2	Flat
£1,450	07/24	0.44 mi	-	2	Flat
£1,350	07/24	0.44 mi	Outfield Crescent, Wokingham, RG40	2	Flat
£1,450	07/24	0.45 mi	Outfield Crescent, Wokingham	2	Flat
£1,490	02/24	0.46 mi	-	2	Flat
£1,375	07/24	0.46 mi	Sharonelle Court, Wokingham	2	Flat

Local Area Statistics

Population in RG40	26,37026,370
Population in Wokingham	54,76954,769
Town centre distance	0.75 miles away0.75 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.55 miles away0.55 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

Price changed to £235,000

December 26, 2024

Listed for £265,000

October 8, 2024

Floor Plans

Description

Investment Opportunity +
Rental income of £1250 per month +
Attractive yield of 5.7% +
Town Centre Location +
Small Block of Four Apartments +

A modern ground floor apartment located in the heart of Wokingham Town Centre, benefitting two double bedrooms and spacious living accommodation. Close to schools, shops, and transport links.

The property features two spacious double bedrooms, perfect for professionals or a small family, and boasts bright, airy living accommodation. The open-plan living and dining area is perfect for modern living, while the well-equipped kitchen and a well-appointed family bathroom add to the apartment’s appeal.

Situated in a quiet block, the apartment is within walking distance of Wokingham Station, offering direct links to London, and provides easy access to the A329M, M3, and M4 motorways. Nearby schools, shops, and other local amenities make this an attractive investment.

This two-bedroom apartment also presents an ideal investment opportunity for potential landlords. Currently achieving a rental income of £1,250 per month, it offers an attractive yield of 5.7%

Please note there is no allocated parking available but a permit is available to purchase from Wokingham Borough Council.

Agent Details

Hat and Home, Wokingham

0118 230 9168

Next Steps?

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