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
Property image

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

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Total Cash In

£104,950

 

 

Cash Out

 

Rent Range

£1,100 - £2,600

Rent Estimate

£1,350

Running Costs/mo

£1,306

Cashflow/mo

£44

Cashflow/yr

£533

ROI

1%

Gross Yield

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
Beds
 
£188K07/230.11 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2
£240K07/210.13 mi11, Deansgate Road, Reading RG1 2RZ2
£230K02/250.18 miHieatt Close, 20, Mount Pleasant, Reading RG1 2QH2
£300K02/250.18 mi55 Stirling House, Flat 6, Silver Street, Reading RG1 2SU2
£117.5K03/250.18 mi19, 115 Blenheim Court, London Street, Reading RG1 4PH2
£190K05/250.2 mi41, Capital Point, Temple Place, Reading RG1 6QJ2
£190K05/250.2 mi41, Capital Point, Temple Place, Reading RG1 6QJ2
£253K06/250.22 mi3, Riverside House, Fobney Street, Reading RG1 6BH2
£253K06/250.22 mi3, Riverside House, Fobney Street, Reading RG1 6BH2
£368K03/250.22 mi5 9 Riverside View, Flat 67, Berkeley Avenue, Reading RG1 6FH2
£170K01/230.22 miFlat 48, Lynden Mews, Dale Road, Reading RG2 0AT2
£230K09/210.23 miFlat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS2
£300K06/210.23 miFlat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS2
£200K03/250.23 mi5, Fobney Street, Reading RG1 6BY2
£265K09/210.25 mi34, Swan Place, Reading RG1 6QD2
£220K06/210.29 mi47, Tippett Rise, Reading RG2 0DJ2
£261.5K02/230.31 mi1, Westerham Walk, Reading RG2 0BA2
£195K03/230.31 mi104, Tippett Rise, Reading RG2 0DZ2
£101.4K02/230.31 mi23, Talbot Court, Reading RG1 6QH2
£210K07/250.35 mi75, Admirals Court, Reading RG1 6SS2
£295K04/230.35 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.35 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£247.8K11/210.35 miFlat 7, Greys Court, Sidmouth Street, Reading RG1 4PP2
£220K06/250.37 mi183a, Elgar Road, Reading RG2 0DH2
£220K06/250.37 mi183a, Elgar Road, Reading RG2 0DH2
£225K07/250.43 miFlat 3, 23, Coley Hill, Reading RG1 6AE2
£405K03/250.43 mi10, 47 Queen's Wharf, Queens Road, Reading RG1 4QE2
£255K07/250.46 mi1, Grantley Heights, Kennet Side, Reading RG1 3EG2
£330K06/210.49 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2
£245K01/250.53 miWrenbury Court, Eldon Road, Reading RG1 4DL2
£180K06/230.56 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£310K05/250.58 miFlat 501, 20 Honister, Alfred Street, Reading RG1 7AH2
£310K05/250.58 miFlat 501, 20 Honister, Alfred Street, Reading RG1 7AH2
£226.3K03/250.58 mi15, Berkeley Court, Coley Avenue, Reading RG1 6LH2
£237.5K03/250.59 mi9, Phoenix Place, Waylen Street, Reading RG1 7UH2
£358K03/250.63 miFlat 21, 4, Palmer Street, Reading RG1 3GY2
£410K02/250.64 miBlakes Quay, 48, Gas Works Road, Reading RG1 3EN2
£388.1K01/250.64 miBlakes Quay, 43, Gas Works Road, Reading RG1 3EN2
£85.5K03/250.67 mi110, The Meridian, Kenavon Drive, Reading RG1 3DP2
£215K04/230.68 mi23, Stratheden Place, Reading RG1 7BH2
£290K12/220.68 miFlat 36, Milward Court, Warwick Road, Reading RG2 7BG2
£250.1K12/240.69 miMorton Court, 5, Christchurch Road, Reading RG2 7BB2
£240K09/210.69 mi10, Southern Hill, Reading RG1 5ES2
£130K02/250.7 miMilward Court, Flat 37, Warwick Road, Reading RG2 7BG2
£317.5K03/250.7 miFlat 29, Upcross House, Upcross Gardens, Reading RG1 6PN2
£256.5K12/240.72 miMorton Court, 20, Christchurch Road, Reading RG2 7BB2
£215K10/210.75 mi29, Bedford Road, Reading RG1 7EU2
£275K05/230.76 mi78, Kennet Walk, Reading RG1 3GF2
£288K03/250.79 miFlat 35, 6, Oscar Wilde Road, Reading RG1 3FG2
£295K03/250.81 miFlat 21, 8, Oscar Wilde Road, Reading RG1 3FH2

Local Rents

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

Rent
Date
Distance
Address
Beds
 
£1,40002/240 mi-2
£1,40008/240.04 mi-2
£1,45009/250.04 miTown Centre, Reading, RG12
£1,40008/240.05 miSherman Road, Reading, Berkshire, RG12
£1,40011/250.05 miSherman Road, Reading, Berkshire, RG12
£1,35006/250.05 miHenry Street, Reading, RG12
£1,35007/250.05 miHenry Street, Reading, RG12
£2,60007/240.05 mi-2
£1,95007/240.05 mi-2
£2,20011/240.05 mi-2
£1,95007/240.05 miSouthampton Street, Reading, RG12
£1,42509/240.05 miSouthampton Street, Reading, RG12
£1,40011/240.05 mi-2
£1,35007/250.06 miCrown Street, Reading, Berkshire, RG12
£1,40010/230.06 miCity Gate, Reading, RG1 2QW2
£1,35008/250.06 miIndigo Apartments, Reading, Berkshire, RG12
£1,80005/250.07 miSherman Road, Reading, RG12
£1,65005/250.07 mi-2
£1,45010/240.07 mi-2
£1,60012/240.07 mi-2
£1,50003/250.07 mi-2
£1,65009/240.07 mi-2
£1,54005/250.07 mi-2
£1,50009/250.07 miHenry Street, Reading, Berkshire, RG12
£1,45007/240.07 miCrown Street, Reading2
£1,55009/250.07 miHenry Street, Reading, RG12
£1,60007/250.08 miHenry Street, Reading, Berkshire, RG12
£1,20010/250.08 miCrown Street, Reading, Berkshire, RG12
£1,10011/250.08 miCrown Street, Reading, Berkshire, RG12
£1,45007/240.09 mi-2
£1,45007/240.09 miCrown Street, Reading2
£1,49508/240.09 miCrown Street, Reading2
£1,49509/240.09 miCrown Street, Reading2
£1,29507/250.1 miPell Street, Reading, Berkshire, RG12
£1,55007/250.11 miHunters Wharf, Katesgrove Lane, Reading, RG12
£1,37503/250.11 mi-2
£1,25011/250.11 miPell Street, Reading, RG12
£1,40002/240.11 mi-2
£1,45009/250.11 miSouthampton Street, Reading, Berkshire, RG12
£1,39509/250.11 miSouthampton Street,Reading,RG12
£1,40005/250.11 miSouthampton Street, Reading, Berkshire, RG12
£1,45010/230.11 miSouthampton Street, Reading, Berkshire, RG12
£1,39507/250.11 miSt Giles Court, Reading, Berkshire, RG12
£1,50004/250.11 mi-2
£1,35007/240.11 miSherman Road, Reading, Berkshire, RG12
£1,50010/230.11 miPell Street, Reading, Berkshire, RG12
£1,50007/250.11 miSt. Giles Close, Reading, RG12
£1,50007/250.11 mi-2
£1,50009/250.11 miAveley House, Iliffe Close, Reading, Berkshire, RG12

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.24 miles away

Nearest school

0.10 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+9%

Property History

Listed for £325,000

October 10, 2024

Floor Plans

Property image

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?

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