2 Bed Flat, Single Let, Reading, RG4 7AZ, £250,000

Blossom Road, St. Peters Hill, Caversham, RG4 7AZ - 5 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£185K - £585K
Sold Prices/m²£3K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£310,061
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£1,250 - £2,200

Rent Estimate

£1,272

Running Costs/mo

£1,056

Cashflow/mo

£216

Cashflow/yr

£2,596

ROI

4%

Gross Yield

6%

Local Sold Prices

37 sold prices from £185K to £585K, average is £265K. £3K/m² to £5.7K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£243.5K12/200.1 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£490K05/210.12 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.12 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.12 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£350K10/220.42 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200.42 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.42 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.42 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.42 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.42 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£340K02/230.44 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£257.5K05/210.46 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£229.9K01/210.48 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£250K12/200.49 mi63, Sheridan Avenue, Caversham, Reading RG4 7QB2
£335K12/220.5 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£250K06/210.5 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.5 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£407.5K10/200.51 miFlat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS2
£395K01/210.6 miFlat 6, Avenue House, Upper Warren Avenue, Caversham, Reading RG4 7EF2
£185K03/210.61 mi19, Regency Heights, Caversham, Reading RG4 7RH2
£227.5K09/210.65 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.65 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.65 mi14, Waller Court, Caversham, Reading RG4 6DB2
£330K01/230.67 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£295K02/230.67 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£300K04/210.68 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.68 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£262.5K09/210.69 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.69 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£250K10/220.7 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£198K12/200.71 mi59b, Cardiff Road, Reading RG1 8ET2
£230K05/210.74 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£255K03/210.8 mi35, Field View, Caversham, Reading RG4 5HD2
£265K10/220.81 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£234K10/200.83 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£215K04/230.95 mi23, Stratheden Place, Reading RG1 7BH2
£367.5K02/210.96 mi6, George Close, Caversham, Reading RG4 5EW2

Local Rents

30 rents from £1.3K/mo to £2.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,50012/240.02 mi-2
£1,80001/250.04 mi-2
£2,20012/240.12 miTreetops, The Mount, Caversham, Reading, Berkshire, RG42
£2,20012/240.12 miTreetops, Caversham, Reading2
£2,15012/240.19 miTreetops, The Mount, Reading2
£1,40007/240.24 mi2 Auburn Court2
£1,65003/250.38 mi-2
£1,29507/240.39 miKidmore Road, Caversham, Reading, Berkshire, RG42
£1,30002/240.39 mi-2
£1,70001/240.41 mi-2
£1,25007/240.41 miSt. Martins Precinct, Church Street, Caversham, Reading, RG42
£1,75007/240.42 miCaversham, Reading2
£1,80007/240.42 miDellwood Park, Caversham, Berkshire, RG42
£1,37507/240.42 miAbbotsmead Place, Wolsey Road, Caversham, Reading, RG42
£1,37512/240.44 mi-2
£1,75012/240.44 miRiverside Court, Caversham, Reading2
£1,69507/240.44 miRiverside Court, Caversham2
£1,45007/240.44 miAbbotsmead Place2
£1,45012/240.46 miCharlotte Close, Caversham, Reading, RG42
£1,27507/240.5 miRandolph Road2
£1,35009/240.5 miRandolph Road2
£1,40003/250.5 mi-2
£1,39508/240.52 miDenbeigh Place2
£1,75012/240.53 miNorth Street, Caversham2
£1,30007/240.54 miCaversham Road, Reading2
£1,35007/240.54 miCaversham Road, Reading2
£1,65003/250.54 mi-2
£1,40007/240.55 mi-2
£1,65012/240.55 mi-2
£1,29507/240.56 miAsh Court, Balmore Park, Reading2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.32 miles away

Nearest school

0.40 miles away

Nearest train station

0.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £250,000

November 13, 2024

Floor Plans

Description

  • Two bedrooms +
  • Dual aspect living room/dining room +
  • Kitchen +
  • Gas radiator heating +
  • Double glazed windows +
  • Communal non allocated parking area +
  • Service Charge - £1200 per annum +
  • Ground Rent - Peppercorn +
  • Council Tax Band C +

Offered to the market in the desirable area of Caversham Heights is this two bedroom ground floor apartment.

There is a natural flow to the property with a spacious entrance hall, opening up onto the two well-proportioned bedrooms, kitchen, separate living room and bathroom.

This apartment has great access to Reading Train Station as well as a range of local bus routes and is close to the bustling Caversham Centre, where a range of local amenities are offered.

There is gas central radiator heating, along with double glazed windows. There is also an entry phone for security and convenience.

Service Charge - £1200 per annum
Ground Rent - Peppercorn
Council Tax Band C

Agent Details

Romans, Caversham

0118 230 5128

Next Steps?

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