2 Bed Flat, Single Let, Reading, RG1 2NR £325,000

Pell Street, Reading, RG1 2NR - 2 views - a year ago

Sold STC

Leasehold

BTL

ROI: 1%

~68 m²

ValuationOvervalued

Sold Prices	£85.5K - £410K
Sold Prices/m²	£1.1K/m² - £5.5K/m²

Square Metres	~68 m²
Price/m²	£4.8K/m²
Value Estimate	£259,118£259,118

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£23,700£23,700
Total Cash In	£104,950£104,950

Cash Out
Rent Range	£1,100 - £2,600£1,100 - £2,600
Rent Estimate	£1,350
Running Costs/mo	£1,306£1,306
Cashflow/mo	£44£44
Cashflow/yr	£533£533
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £85.5K to £410K, average is £246.4K. £1.1K/m² to £5.5K/m², average is £3.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£188K	07/23	0.11 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	2	Flat
£240K	07/21	0.13 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£230K	02/25	0.18 mi	Hieatt Close, 20, Mount Pleasant, Reading RG1 2QH	£3,333	69	2	Flat
£300K	02/25	0.18 mi	55 Stirling House, Flat 6, Silver Street, Reading RG1 2SU	£4,286	70	2	Flat
£117.5K	03/25	0.18 mi	19, 115 Blenheim Court, London Street, Reading RG1 4PH	£2,304	51	2	Flat
£190K	05/25	0.2 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	£3,585	53	2	Flat
£190K	05/25	0.2 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	-	-	2	Flat
£253K	06/25	0.22 mi	3, Riverside House, Fobney Street, Reading RG1 6BH	£3,721	68	2	Flat
£253K	06/25	0.22 mi	3, Riverside House, Fobney Street, Reading RG1 6BH	-	-	2	Flat
£368K	03/25	0.22 mi	5 9 Riverside View, Flat 67, Berkeley Avenue, Reading RG1 6FH	£4,973	74	2	Flat
£170K	01/23	0.22 mi	Flat 48, Lynden Mews, Dale Road, Reading RG2 0AT	-	-	2	Flat
£230K	09/21	0.23 mi	Flat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS	-	-	2	Flat
£300K	06/21	0.23 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£200K	03/25	0.23 mi	5, Fobney Street, Reading RG1 6BY	£4,762	42	2	Flat
£265K	09/21	0.25 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£220K	06/21	0.29 mi	47, Tippett Rise, Reading RG2 0DJ	£3,056	72	2	Flat
£261.5K	02/23	0.31 mi	1, Westerham Walk, Reading RG2 0BA	-	-	2	Flat
£195K	03/23	0.31 mi	104, Tippett Rise, Reading RG2 0DZ	£2,786	70	2	Flat
£101.4K	02/23	0.31 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£210K	07/25	0.35 mi	75, Admirals Court, Reading RG1 6SS	-	-	2	Flat
£295K	04/23	0.35 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	0.35 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£247.8K	11/21	0.35 mi	Flat 7, Greys Court, Sidmouth Street, Reading RG1 4PP	-	-	2	Flat
£220K	06/25	0.37 mi	183a, Elgar Road, Reading RG2 0DH	-	-	2	Flat
£220K	06/25	0.37 mi	183a, Elgar Road, Reading RG2 0DH	£3,188	69	2	Flat
£225K	07/25	0.43 mi	Flat 3, 23, Coley Hill, Reading RG1 6AE	-	-	2	Flat
£405K	03/25	0.43 mi	10, 47 Queen's Wharf, Queens Road, Reading RG1 4QE	£3,682	110	2	Flat
£255K	07/25	0.46 mi	1, Grantley Heights, Kennet Side, Reading RG1 3EG	-	-	2	Flat
£330K	06/21	0.49 mi	Flat 22, Q2, Watlington Street, Reading RG1 4AY	£4,352	76	2	Flat
£245K	01/25	0.53 mi	Wrenbury Court, Eldon Road, Reading RG1 4DL	£3,719	66	2	Flat
£180K	06/23	0.56 mi	Flat 19, Icon House, Merchants Place, Reading RG1 1EQ	-	-	2	Flat
£310K	05/25	0.58 mi	Flat 501, 20 Honister, Alfred Street, Reading RG1 7AH	£4,844	64	2	Flat
£310K	05/25	0.58 mi	Flat 501, 20 Honister, Alfred Street, Reading RG1 7AH	-	-	2	Flat
£226.3K	03/25	0.58 mi	15, Berkeley Court, Coley Avenue, Reading RG1 6LH	£3,969	57	2	Flat
£237.5K	03/25	0.59 mi	9, Phoenix Place, Waylen Street, Reading RG1 7UH	-	-	2	Flat
£358K	03/25	0.63 mi	Flat 21, 4, Palmer Street, Reading RG1 3GY	£5,508	65	2	Flat
£410K	02/25	0.64 mi	Blakes Quay, 48, Gas Works Road, Reading RG1 3EN	£4,977	82	2	Flat
£388.1K	01/25	0.64 mi	Blakes Quay, 43, Gas Works Road, Reading RG1 3EN	£4,312	90	2	Flat
£85.5K	03/25	0.67 mi	110, The Meridian, Kenavon Drive, Reading RG1 3DP	£1,140	75	2	Flat
£215K	04/23	0.68 mi	23, Stratheden Place, Reading RG1 7BH	£3,839	56	2	Flat
£290K	12/22	0.68 mi	Flat 36, Milward Court, Warwick Road, Reading RG2 7BG	-	-	2	Flat
£250.1K	12/24	0.69 mi	Morton Court, 5, Christchurch Road, Reading RG2 7BB	£3,848	65	2	Flat
£240K	09/21	0.69 mi	10, Southern Hill, Reading RG1 5ES	£4,706	51	2	Flat
£130K	02/25	0.7 mi	Milward Court, Flat 37, Warwick Road, Reading RG2 7BG	£2,031	64	2	Flat
£317.5K	03/25	0.7 mi	Flat 29, Upcross House, Upcross Gardens, Reading RG1 6PN	£4,349	73	2	Flat
£256.5K	12/24	0.72 mi	Morton Court, 20, Christchurch Road, Reading RG2 7BB	£3,946	65	2	Flat
£215K	10/21	0.75 mi	29, Bedford Road, Reading RG1 7EU	£3,468	62	2	Flat
£275K	05/23	0.76 mi	78, Kennet Walk, Reading RG1 3GF	£3,125	88	2	Flat
£288K	03/25	0.79 mi	Flat 35, 6, Oscar Wilde Road, Reading RG1 3FG	£4,056	71	2	Flat
£295K	03/25	0.81 mi	Flat 21, 8, Oscar Wilde Road, Reading RG1 3FH	£3,734	79	2	Flat

Local Rents

49 rents from £1.1K/mo to £2.6K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	02/24	0 mi	-	2	Terraced House
£1,400	08/24	0.04 mi	-	2	Flat
£1,450	09/25	0.04 mi	Town Centre, Reading, RG1	2	Terraced House
£1,400	08/24	0.05 mi	Sherman Road, Reading, Berkshire, RG1	2	Terraced House
£1,400	11/25	0.05 mi	Sherman Road, Reading, Berkshire, RG1	2	Terraced House
£1,350	06/25	0.05 mi	Henry Street, Reading, RG1	2	Terraced House
£1,350	07/25	0.05 mi	Henry Street, Reading, RG1	2	Terraced House
£2,600	07/24	0.05 mi	-	2	Flat
£1,950	07/24	0.05 mi	-	2	Flat
£2,200	11/24	0.05 mi	-	2	Flat
£1,950	07/24	0.05 mi	Southampton Street, Reading, RG1	2	Flat
£1,425	09/24	0.05 mi	Southampton Street, Reading, RG1	2	Flat
£1,400	11/24	0.05 mi	-	2	Flat
£1,350	07/25	0.06 mi	Crown Street, Reading, Berkshire, RG1	2	Flat
£1,400	10/23	0.06 mi	City Gate, Reading, RG1 2QW	2	Flat
£1,350	08/25	0.06 mi	Indigo Apartments, Reading, Berkshire, RG1	2	Flat
£1,800	05/25	0.07 mi	Sherman Road, Reading, RG1	2	Terraced House
£1,650	05/25	0.07 mi	-	2	Terraced House
£1,450	10/24	0.07 mi	-	2	Flat
£1,600	12/24	0.07 mi	-	2	Terraced House
£1,500	03/25	0.07 mi	-	2	Terraced House
£1,650	09/24	0.07 mi	-	2	Flat
£1,540	05/25	0.07 mi	-	2	Flat
£1,500	09/25	0.07 mi	Henry Street, Reading, Berkshire, RG1	2	Terraced House
£1,450	07/24	0.07 mi	Crown Street, Reading	2	Flat
£1,550	09/25	0.07 mi	Henry Street, Reading, RG1	2	Terraced House
£1,600	07/25	0.08 mi	Henry Street, Reading, Berkshire, RG1	2	Terraced House
£1,200	10/25	0.08 mi	Crown Street, Reading, Berkshire, RG1	2	Flat
£1,100	11/25	0.08 mi	Crown Street, Reading, Berkshire, RG1	2	Flat
£1,450	07/24	0.09 mi	-	2	Flat
£1,450	07/24	0.09 mi	Crown Street, Reading	2	Flat
£1,495	08/24	0.09 mi	Crown Street, Reading	2	Flat
£1,495	09/24	0.09 mi	Crown Street, Reading	2	Flat
£1,295	07/25	0.1 mi	Pell Street, Reading, Berkshire, RG1	2	Terraced House
£1,550	07/25	0.11 mi	Hunters Wharf, Katesgrove Lane, Reading, RG1	2	Flat
£1,375	03/25	0.11 mi	-	2	Terraced House
£1,250	11/25	0.11 mi	Pell Street, Reading, RG1	2	Terraced House
£1,400	02/24	0.11 mi	-	2	Terraced House
£1,450	09/25	0.11 mi	Southampton Street, Reading, Berkshire, RG1	2	Flat
£1,395	09/25	0.11 mi	Southampton Street,Reading,RG1	2	Flat
£1,400	05/25	0.11 mi	Southampton Street, Reading, Berkshire, RG1	2	Flat
£1,450	10/23	0.11 mi	Southampton Street, Reading, Berkshire, RG1	2	Flat
£1,395	07/25	0.11 mi	St Giles Court, Reading, Berkshire, RG1	2	Flat
£1,500	04/25	0.11 mi	-	2	Terraced House
£1,350	07/24	0.11 mi	Sherman Road, Reading, Berkshire, RG1	2	Semi-Detached House
£1,500	10/23	0.11 mi	Pell Street, Reading, Berkshire, RG1	2	Terraced House
£1,500	07/25	0.11 mi	St. Giles Close, Reading, RG1	2	Flat
£1,500	07/25	0.11 mi	-	2	Flat
£1,500	09/25	0.11 mi	Aveley House, Iliffe Close, Reading, Berkshire, RG1	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.24 miles away0.24 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.66 miles away0.66 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £325,000

October 10, 2024

Floor Plans

Description

Two Double Bedrooms +
Two Bath/Shower Rooms +
Kitchen with Integrated Appliances +
Balcony +
Allocated Parking +
Town Centre Location +

Lansley - Built in 2020 this modern first floor apartment is offered to the market, in our opinion, in excellent decorative order throughout. Internal accommodation comprises two double bedrooms, both with fitted wardrobes and the master with ensuite shower room, family bathroom, 27' living/kitchen area with balcony off the lounge and fitted appliances in the kitchen. Externally is an allocated parking space, bin store and communal garden. Pell Street is conveniently located close to regular bus routes, less than a mile from The Oracle shopping centre making this an excellent first time or investment purchase.

Agent Details

AH Lansley Residential, Reading

0118 230 2652

Next Steps?

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

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2 Bed Flat, Single Let, Reading, RG1 2NR £325,000

ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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4 Bed House, Single Let, Reading, RG1 2QX

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Cashflows

Local Sold Prices

Local Rents