2 Bed Flat, Single Let, Reading, RG1 7YT, £200,000

Brunswick Hill, Reading, Berkshire, RG1 7YT - 3 views - 5 months ago

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

ValuationUndervalued

Sold Prices£101.4K - £363K
Sold Prices/m²£2K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£245,798
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£1,160 - £2,995

Rent Estimate

£1,238

Running Costs/mo

£893

Cashflow/mo

£345

Cashflow/yr

£4,145

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £101.4K to £363K, average is £215.8K. £2K/m² to £5.4K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£196K02/210.18 mi19, Baron Court, Reading RG30 2BP2
£215K10/210.24 mi29, Bedford Road, Reading RG1 7EU2
£225K03/210.43 miFlat 9, Evesham House, Battle Square, Reading RG30 1DT2
£215K04/230.43 mi23, Stratheden Place, Reading RG1 7BH2
£205K11/200.44 miFlat 9, Englefield House, Moulsford Mews, Reading RG30 1ET2
£200K03/210.44 miFlat 50, Englefield House, Moulsford Mews, Reading RG30 1ET2
£207K03/230.45 mi19, Bexley Court, Reading RG30 2DY2
£211K03/230.46 miFlat 5, Lansdowne House, Moulsford Mews, Reading RG30 1ER2
£216.5K11/220.46 miFlat 3, Englefield House, Moulsford Mews, Reading RG30 1ET2
£175K11/220.49 miFlat 41, West Fryerne, Parkside Road, Reading RG30 2BY2
£202.5K03/210.5 miFlat 36, West Fryerne, Parkside Road, Reading RG30 2BY2
£215K07/230.5 miFlat 23, West Fryerne, Parkside Road, Reading RG30 2BY2
£220K10/210.55 mi15, Elm Park, Reading RG30 2HT2
£205K11/210.56 mi103, Elm Park, Reading RG30 2HT2
£258.3K02/230.56 mi75, Elm Park, Reading RG30 2HT2
£200K06/230.56 mi67, Elm Park, Reading RG30 2HT2
£201K10/210.56 mi61, Elm Park, Reading RG30 2HT2
£235K02/230.56 mi47, Elm Park, Reading RG30 2HT2
£217K09/210.56 mi49, Elm Park, Reading RG30 2HT2
£218K05/230.56 mi79, Elm Park, Reading RG30 2HT2
£101.4K02/230.6 mi23, Talbot Court, Reading RG1 6QH2
£240K03/230.6 mi11, Ashdene Gardens, Reading RG30 2EP2
£245K04/230.6 mi77, Ashdene Gardens, Reading RG30 2EP2
£238K07/210.6 mi20, Ashdene Gardens, Reading RG30 2EP2
£228K05/210.6 mi19, Ashdene Gardens, Reading RG30 2EP2
£260K02/230.6 mi7, Ashdene Gardens, Reading RG30 2EP2
£297K04/230.6 mi15, Wingrove Road, Reading RG30 2BX2
£234K10/200.61 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£168K06/210.64 miFlat 1, Radnor House, Rembrandt Way, Reading RG1 6QP2
£189.9K05/210.64 miFlat 6, Radnor House, Rembrandt Way, Reading RG1 6QP2
£198K12/200.64 mi59b, Cardiff Road, Reading RG1 8ET2
£130K04/230.65 mi33, Fulmead Road, Reading RG30 1JX2
£225K04/210.66 miFlat 9, Charnwood House, Rembrandt Way, Reading RG1 6QR2
£220K09/210.66 miFlat 10, Greengates, Lundy Lane, Reading RG30 2RX2
£210K03/210.66 miFlat 11, Greengates, Lundy Lane, Reading RG30 2RX2
£300K06/210.67 miFlat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS2
£265K09/210.68 mi34, Swan Place, Reading RG1 6QD2
£208K03/210.72 mi4, St Pauls Court, Reading RG1 6HF2
£250K02/210.74 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£180K06/230.76 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£145K11/200.76 mi4, Katesgrove Lane, Reading RG1 2ND2
£257.5K05/210.83 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£285K01/210.83 mi3, The Brookmill, Reading RG1 6DD2
£240K07/210.86 mi11, Deansgate Road, Reading RG1 2RZ2
£210K03/210.91 mi7, Ivydene Road, Reading RG30 1HT2
£235K01/210.91 mi16, Ivydene Road, Reading RG30 1HT2
£300K04/210.95 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.95 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£170K01/230.96 miFlat 48, Lynden Mews, Dale Road, Reading RG2 0AT2
£188K07/230.96 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2

Local Rents

50 rents from £1.2K/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,29507/240.11 miOxford Road, Reading2
£1,55007/240.12 miAlleyne Close, Reading, Berkshire, RG12
£1,25007/240.12 miWestern Elms Avenue, Reading, Berkshire, RG302
£1,50007/240.12 miWestern Elms Avenue, Reading2
£1,30011/240.12 mi-2
£1,40008/240.13 miOxford Road, Reading, RG12
£1,22507/240.13 miElm House, 12 Western Elms Avenue, Reading, Berkshire, RG302
£1,40002/240.13 mi-2
£1,25008/240.13 miWestern Elms Avenue, Reading, Berkshire, RG302
£1,50007/240.14 miTilehurst Road, Reading, Berkshire, RG12
£1,35008/240.15 miTetbury Court, Prospect Street, Reading, Berkshire, RG1 7TR2
£1,32507/240.15 miProspect Street, Reading, Berkshire, RG12
£1,50002/240.15 mi-2
£1,60007/240.15 mi-2
£1,16007/240.15 mi-2
£1,60007/240.15 mi-2
£1,40004/250.16 mi-2
£1,75004/250.16 mi-2
£1,70011/240.16 mi-2
£1,35007/240.17 miHart Street, Reading, RG12
£1,50008/240.17 miOxford Road, Reading2
£1,65002/240.17 mi-2
£1,60007/240.17 miBrownlow Road, Reading, RG12
£1,60008/240.17 miBrownlow Road, Reading, RG12
£1,60008/240.17 mi-2
£1,35012/240.18 mi-2
£1,30004/250.18 mi-2
£1,35003/250.18 mi-2
£2,99507/240.19 mi-2
£2,99512/240.19 mi-2
£2,99507/240.19 miWestern Elms Avenue, Reading, RG302
£2,99508/240.19 miWestern Elms Avenue, Reading, RG302
£1,20007/240.19 miWestern Elms Avenue, Reading, Berkshire, RG302
£1,29507/240.2 miWestern Elms Avenue, Reading, Berkshire, RG302
£1,30008/240.2 miProspect Street, Reading, RG12
£1,35010/240.21 mi-2
£1,35007/240.21 miBrunswick Street, Reading, Berkshire, RG12
£1,35007/240.21 miSalisbury Road, Reading, RG302
£1,30007/240.21 miGoldsmid Road2
£1,25008/240.21 mi-2
£1,55004/250.21 mi-2
£1,35011/240.22 mi-2
£1,45002/240.22 mi-2
£1,35001/250.22 mi-2
£1,35007/240.22 miOxford Road, Reading, Berkshire2
£1,50007/240.22 miOxford Road, Reading, Berkshire2
£1,35007/240.22 miGlenbeigh Terrace, Reading, RG12
£1,20008/240.22 miGlenbeigh Terrace, Reading2
£1,25008/240.22 miElgin Gate, Goldsmid Road, Reading2
£1,65009/240.23 miWestern Road, Reading, RG12

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.72 miles away

Nearest school

0.20 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £200,000

November 16, 2024

Floor Plans

Description

  • Two Bedrooms +
  • No Onward Chain +
  • Top Floor Flat +
  • Close To Amenities +
  • Parking +
  • Well-Presented +

Offered to the market with no onward chain and situated within a short walk of the Oracle shopping centre, local and mainline railway stations and the Kennet and River Thames, this two bedroom apartment is ideal for first time buyers and investment buyers alike.

The property offers light and spacious accommodation comprising: entrance hallway, two bedrooms, bathroom, lounge/diner and a kitchen.

The property also benefits from residents parking on a first comes first basis or on-street permit parking. Viewing is recommended.

At the time of Instruction, we have been advised by the vendors of the following information:

Council Tax Band TBC (Reading Borough Council)

Ground rent £50 p/a
Service charge £840 p/a
Approx 148 years remaining on the lease

The above information may be subject to change during the transaction period.

Agent Details

Parkers, Reading

0118 230 6420

Next Steps?

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