2 Bed Flat, Single Let, Reading, RG1 6EH, £200,000

39 Swallows Croft, Reading, RG1 6EH - 6 views - 6 months ago

Leasehold

BTL

ROI: 7%

50 m²

+5 photos

ValuationOvervalued

Sold Prices	£101.4K - £300K
Sold Prices/m²	£2K/m² - £5.4K/m²

Square Metres	50 m²
Price/m²	£4K/m²
Value Estimate	£179,051£179,051

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£57,200£57,200

Cash Out
Rent Range	£1,150 - £2,950£1,150 - £2,950
Rent Estimate	£1,228
Running Costs/mo	£891£891
Cashflow/mo	£337£337
Cashflow/yr	£4,049£4,049
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

36 sold prices from £101.4K to £300K, average is £215K. £2K/m² to £5.4K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£225K	04/21	0.13 mi	Flat 9, Charnwood House, Rembrandt Way, Reading RG1 6QR	-	-	2	Flat
£168K	06/21	0.15 mi	Flat 1, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£189.9K	05/21	0.15 mi	Flat 6, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£285K	01/21	0.19 mi	3, The Brookmill, Reading RG1 6DD	£5,377	53	2	Flat
£240K	03/23	0.59 mi	11, Ashdene Gardens, Reading RG30 2EP	£3,601	67	2	Flat
£245K	04/23	0.59 mi	77, Ashdene Gardens, Reading RG30 2EP	£3,889	63	2	Flat
£238K	07/21	0.59 mi	20, Ashdene Gardens, Reading RG30 2EP	£3,306	72	2	Flat
£228K	05/21	0.59 mi	19, Ashdene Gardens, Reading RG30 2EP	£3,314	69	2	Flat
£260K	02/23	0.59 mi	7, Ashdene Gardens, Reading RG30 2EP	£4,382	59	2	Flat
£207K	03/23	0.66 mi	19, Bexley Court, Reading RG30 2DY	£3,234	64	2	Flat
£196K	02/21	0.7 mi	19, Baron Court, Reading RG30 2BP	£4,000	49	2	Flat
£202.5K	03/21	0.73 mi	Flat 36, West Fryerne, Parkside Road, Reading RG30 2BY	-	-	2	Flat
£215K	07/23	0.73 mi	Flat 23, West Fryerne, Parkside Road, Reading RG30 2BY	-	-	2	Flat
£175K	11/22	0.73 mi	Flat 41, West Fryerne, Parkside Road, Reading RG30 2BY	-	-	2	Flat
£297K	04/23	0.74 mi	15, Wingrove Road, Reading RG30 2BX	£3,561	83	2	Flat
£208K	03/21	0.74 mi	4, St Pauls Court, Reading RG1 6HF	£3,782	55	2	Flat
£200K	11/20	0.82 mi	Top Floor Flat, 183a, Elgar Road, Reading RG2 0DH	-	-	2	Flat
£205K	11/21	0.84 mi	103, Elm Park, Reading RG30 2HT	£3,475	59	2	Flat
£258.3K	02/23	0.84 mi	75, Elm Park, Reading RG30 2HT	£4,288	60	2	Flat
£200K	06/23	0.84 mi	67, Elm Park, Reading RG30 2HT	£3,357	60	2	Flat
£201K	10/21	0.84 mi	61, Elm Park, Reading RG30 2HT	£3,350	60	2	Flat
£235K	02/23	0.84 mi	47, Elm Park, Reading RG30 2HT	£3,983	59	2	Flat
£217K	09/21	0.84 mi	49, Elm Park, Reading RG30 2HT	£3,617	60	2	Flat
£218K	05/23	0.84 mi	79, Elm Park, Reading RG30 2HT	£3,691	59	2	Flat
£220K	10/21	0.85 mi	15, Elm Park, Reading RG30 2HT	£3,729	59	2	Flat
£220K	06/21	0.85 mi	47, Tippett Rise, Reading RG2 0DJ	£3,056	72	2	Flat
£195K	03/23	0.86 mi	104, Tippett Rise, Reading RG2 0DZ	£2,786	70	2	Flat
£170K	01/23	0.87 mi	Flat 48, Lynden Mews, Dale Road, Reading RG2 0AT	-	-	2	Flat
£145K	11/20	0.88 mi	4, Katesgrove Lane, Reading RG1 2ND	£2,042	71	2	Flat
£101.4K	02/23	0.89 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£300K	06/21	0.9 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£215K	10/21	0.92 mi	29, Bedford Road, Reading RG1 7EU	£3,468	62	2	Flat
£265K	09/21	0.95 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£179K	12/20	0.97 mi	5, Aston Court, Reading RG30 3BQ	£3,255	55	2	Flat
£220K	09/21	0.99 mi	Flat 10, Greengates, Lundy Lane, Reading RG30 2RX	-	-	2	Flat
£210K	03/21	0.99 mi	Flat 11, Greengates, Lundy Lane, Reading RG30 2RX	-	-	2	Flat

Local Rents

49 rents from £1.1K/mo to £3K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	07/24	0.08 mi	Charnwood House, Rembrandt Way, RG1	2	Flat
£1,300	08/24	0.08 mi	Charnwood House, Rembrandt Way, RG1	2	Flat
£1,150	07/24	0.1 mi	Swallows Croft, Reading, Berkshire, RG1	2	Flat
£1,400	07/24	0.11 mi	Swallow Croft, Reading	2	Terraced House
£1,295	07/24	0.13 mi	Charnwood House, Rembrandt Way, Reading	2	Flat
£1,275	08/24	0.13 mi	Charnwood House, Rembrandt Way, Reading, RG1	2	Flat
£1,350	04/25	0.15 mi	-	2	Flat
£2,950	07/24	0.17 mi	-	2	Flat
£1,450	08/24	0.17 mi	-	2	Flat
£2,950	07/24	0.17 mi	Sherwood House, Reading, RG1	2	Flat
£1,450	07/24	0.17 mi	Sherwood House, Reading, RG1	2	Flat
£1,800	09/24	0.18 mi	The Brookmill, Reading, RG1	2	Semi-Detached House
£1,500	07/24	0.21 mi	Coley Avenue, Reading	2	Flat
£1,350	07/24	0.36 mi	Priory Point, Southcote Lane, Reading, RG30	2	Flat
£1,500	08/24	0.37 mi	Bath Road, Reading, RG1	2	Flat
£1,300	12/24	0.38 mi	-	2	Flat
£1,395	10/23	0.4 mi	Priory Point, 36 Southcote Lane, Reading, Berkshire, RG30	2	Flat
£1,400	07/24	0.4 mi	Priory Point, Southcote Lane, Reading, RG30	2	Flat
£1,350	07/24	0.41 mi	Bath Road, Reading, Berkshire, RG1	2	Flat
£1,500	08/24	0.42 mi	Ruhemann Street, Reading, Berkshire, RG30	2	Flat
£1,895	10/23	0.42 mi	Upcross House, Upcross Gardens, Reading, Berkshire, RG1	2	Flat
£1,450	03/25	0.43 mi	-	2	Flat
£1,500	12/24	0.43 mi	-	2	Flat
£1,600	08/24	0.43 mi	Bath Road, Reading, Berkshire, RG1	2	House
£1,600	07/24	0.44 mi	Ruhemann Street, Reading, RG30	2	Flat
£1,500	07/24	0.44 mi	Ruhemann Street, Reading, RG30	2	Flat
£1,350	07/24	0.44 mi	Ruhemann Street, Reading	2	Flat
£1,600	07/24	0.44 mi	Brownlow Road, Reading	2	Flat
£1,700	07/24	0.44 mi	Brownlow Road, Reading	2	Flat
£1,700	08/24	0.44 mi	Brownlow Road, Reading	2	Flat
£1,450	07/24	0.45 mi	Petworth Court, Bath Road	2	Flat
£1,300	08/24	0.45 mi	Bath Road, Reading	2	Flat
£1,300	07/24	0.45 mi	Petworth Court, Bath Road, Reading	2	Flat
£1,400	08/24	0.45 mi	Bath Road, Reading	2	Flat
£1,550	07/24	0.46 mi	The Huntley, Carmelite Drive	2	Flat
£1,375	07/24	0.46 mi	Shaw Road, Reading, Berkshire, RG1	2	Semi-Detached House
£1,400	08/24	0.46 mi	-	2	Flat
£1,300	07/24	0.46 mi	Trafalgar Court	2	Flat
£1,450	08/24	0.46 mi	Bath Road, Reading	2	Flat
£1,200	07/24	0.46 mi	Trafalgar Court, Southcote Road, Reading, Berkshire, RG30	2	Flat
£1,400	01/25	0.46 mi	-	2	Flat
£2,000	10/23	0.47 mi	Riverside View, 5-9 Berkeley Avenue, Reading, Berkshire, RG1	2	Flat
£1,300	07/24	0.48 mi	Coley Avenue, Reading, Berkshire, RG1	2	Flat
£1,750	08/24	0.48 mi	Haden Square, Reading, Berkshire, RG1	2	Terraced House
£1,300	02/24	0.48 mi	-	2	Flat
£1,299	12/24	0.48 mi	-	2	Flat
£1,400	07/24	0.48 mi	Haden Square, Reading, Berkshire, RG1	2	Flat
£1,250	07/24	0.48 mi	Armadale Court, Reading	2	Flat
£1,400	02/24	0.48 mi	-	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	1.01 miles away1.01 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.83 miles away0.83 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+7%+7%

Property History

Listed for £200,000

October 17, 2024

Sold for £102,000

2001

Floor Plans

Description

Leasehold Term 125 years from 25/03/2000 +
Central Reading Location +
Two bedroom apartment +
No onward chain +
Convenient for Station and The Oracle +
Living Room +
Kitchen +
Bathroom +

Property Description

Set in this popular development offering convenient access to Reading Town Centre, Station and The Oracle with its many shops, bars and restaurants is this two bedroom apartment being sold with no onward chain. Kitchen, bathroom, parking and communal garden space.

Property Details

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Agent Details

Chancellors, Reading

0118 230 1565

Next Steps?

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