2 Bed Flat, Single Let, Reading, RG4 8BZ, £240,000

Cardinal Close, Caversham, Reading, RG4 8BZ - 2 views - 6 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£146K - £585K
Sold Prices/m²£1.7K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£299,202
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£1,250 - £3,280

Rent Estimate

£1,300

Running Costs/mo

£1,030

Cashflow/mo

£270

Cashflow/yr

£3,240

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £146K to £585K, average is £261.3K. £1.7K/m² to £5.7K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£295K02/230.03 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£330K01/230.03 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£262.5K09/210.04 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.04 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£300K04/210.15 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.15 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£250K10/220.16 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£230K05/210.2 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£335K12/220.2 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£265K10/220.22 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£340K02/230.25 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200.27 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.27 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.27 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.27 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.27 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/220.27 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£227.5K09/210.37 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.37 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.37 mi14, Waller Court, Caversham, Reading RG4 6DB2
£257.5K05/210.39 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£198K12/200.47 mi59b, Cardiff Road, Reading RG1 8ET2
£234K10/200.5 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£180K06/230.5 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£250K02/210.51 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£407.5K10/200.56 miFlat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS2
£490K05/210.57 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.57 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.57 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£255K03/210.58 mi35, Field View, Caversham, Reading RG4 5HD2
£250K06/210.58 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.58 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£243.5K12/200.64 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£215K04/230.69 mi23, Stratheden Place, Reading RG1 7BH2
£200K06/210.69 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.69 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£270.9K10/220.72 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.72 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.72 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£367.5K02/210.72 mi6, George Close, Caversham, Reading RG4 5EW2
£240K06/210.73 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.73 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.73 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.73 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.73 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£229.9K01/210.75 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£185K12/200.76 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£295K04/230.79 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.79 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£146K06/210.8 mi6, Robert Parker Road, Reading RG1 3FN2

Local Rents

49 rents from £1.3K/mo to £3.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,35012/240.03 mi-2
£1,65007/240.05 miTamesis Place2
£1,65007/240.05 miPatrick Road, Caversham, Reading2
£1,50012/240.09 miTamesis Place, Patrick Road, Caversham2
£1,65007/240.14 miRegents Riverside, Brigham Road, Reading2
£1,90007/240.15 mi-2
£3,28007/240.15 miRegents Riverside, Reading, Berkshire2
£1,60007/240.15 miDe Montfort Road, Reading2
£2,00002/240.15 mi-2
£3,28010/240.15 mi-2
£1,69507/240.15 miRegents Riverside2
£1,70007/240.15 miRegents Riverside, Brigham Road, Reading, RG12
£1,60008/240.15 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,65007/240.16 miRegents Riverside, Brigham Road, Reading, RG12
£1,35009/240.16 miLynmouth Court, Lynmouth Road2
£1,79507/240.16 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,45004/250.19 mi-2
£1,70007/240.21 miNorman Place, Reading, RG12
£1,65003/250.22 mi-2
£1,75012/240.24 miNorth Street, Caversham2
£1,45007/240.25 miAbbotsmead Place2
£1,67512/240.25 miKings Road, Reading, Berkshire, RG42
£1,40012/240.25 miKings Road, Caversham2
£1,37512/240.26 mi-2
£1,60002/240.26 mi-2
£1,37507/240.27 miAbbotsmead Place, Wolsey Road, Caversham, Reading, RG42
£1,69507/240.27 miRiverside Court, Caversham2
£1,75012/240.27 miRiverside Court, Caversham, Reading2
£1,65007/240.28 miQueens Road, Caversham, Reading, Berkshire, RG42
£1,25007/240.28 miSt. Martins Precinct, Church Street, Caversham, Reading, RG42
£1,35007/240.29 miSouth View Avenue, Caversham2
£1,40007/240.29 mi-2
£1,30007/240.3 miCaversham Road, Reading2
£1,35007/240.3 miCaversham Road, Reading2
£1,35008/240.3 miSwansea Road, Reading, RG12
£1,35009/240.3 mi-2
£1,70001/240.32 mi-2
£1,65012/240.32 mi-2
£1,35012/240.32 miKings Road, Caversham, Reading2
£1,45012/240.32 miArdler Road, Caversham2
£1,30002/240.32 mi-2
£1,75007/240.33 miCaversham, Reading2
£1,60007/240.33 miQueens Road, Caversham, RG42
£1,30012/240.34 mi-2
£1,27507/240.35 miRandolph Road2
£1,35009/240.35 miRandolph Road2
£1,52510/240.36 mi-2
£1,60008/240.36 miSwansea Road, Reading, RG12
£1,58010/240.36 mi-2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

0.84 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £240,000

October 10, 2024

Floor Plans

Description

  • Riverside location +
  • 9 minute walk to Reading town centre +
  • Close to Caversham centre +
  • Allocated parking +

A well presented two bedroom ground floor apartment within a 2 MINUTE walk of the River Thames, parkland and only 12 minutes walk to Reading mainline station. Includes living room, fitted kitchen and bathroom along with allocated parking.
COMMUNAL ENTRANCE HALL
Security entry phone system, personal front door to
ENTRANCE HALL
Security entry phone, access to all rooms, built-in cupboard, laminate floor
LOUNGE 14'8 (4.47m) max x 9'10 (3m)
Spacious lounge with laminate flooring with large windows making the room light & airy.
KITCHEN 14'8 (4.47m) x 6'6 (1.98m)
Comprising sink unit with cupboard under, further range of both base and eye level units, breakfast bar, built in electric hob with extractor hood above and oven below, washing machine, fridge/freezer, double glazed window, space for small table and chairs, built-in cupboard. Offering ample room for a dining table & chairs.
BEDROOM ONE 10'2 (3.1m) x 9' (2.74m)
Large double bedroom with laminate flooring & large built in wardrobes offering ample storage.
BEDROOM TWO 9'3 (2.82m) x 8'1 (2.46m)
Single bedroom with laminate flooring & built-in wardrobe.
SHOWER ROOM
Double shower cubicle with electric shower, pedestal wash hand basin, low level w.c., laminate floor
PARKING
Allocated parking space
AERIAL VIEW

TENURE
Leasehold
COUNCIL TAX
Band C
APPROXIMATE MONTHLY RENTAL VALUE
£1,100
LOCATION
This image is for indicative purposes and cannot be relied upon as wholly correct

Agent Details

Farmer & Dyer, Caversham

0118 230 0637

Next Steps?

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