10 Bed Flat, Planning Permission, Reading, RG1 6SP, £1,150,000

Admirals Court, Rose Kiln Lane, Reading, RG1 6SP - 4 views - 5 months ago

Sold STC
Planning
~310 m²
+3 photos

Valuation

Sold Prices£518.8K - £595.5K

 

 

Square Metres

~310 m²

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£287,500

Stamp Duty & Legal Fees

£91,950

Total Cash In

£379,450

 

 

Cash Out

 

Rent Range

£1,400 - £5,500

Rent Estimate

£1,456

Running Costs/mo

£3,905

Cashflow/mo

£-2,449

Cashflow/yr

£-29,387

Gross Yield

2%

Local Sold Prices

2 sold prices from £518.8K to £595.5K, average is £557.2K.

PriceDateDistanceAddressBeds 
£595.5K08/211.31 mi3, Eastern Avenue, Reading RG1 5RU4
£518.8K12/221.8 miFlat 5, Greycoat Court, Derby Road, Caversham, Reading RG4 5ET4

Local Rents

50 rents from £1.4K/mo to £5.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65009/240 mi-3
£1,50003/250.17 mi-3
£1,57508/240.18 mi3 Bedroom House, Wolseley Street, Reading3
£1,50007/240.19 miElgar Road, Reading, Berkshire, RG23
£1,65007/240.19 miElgar Road, Reading3
£1,50009/240.19 miElgar Road, Reading, Berkshire, RG23
£2,10008/240.19 miRiverside View, Berkeley Avenue, Reading, RG13
£1,60007/240.19 miChurch Terrace, Reading, RG13
£1,75007/240.19 miElgar Road3
£1,65007/240.2 miBerkeley Avenue, Reading, Berkshire, RG13
£1,65007/240.21 miElgar road, Reading, RG23
£1,59507/240.21 miElgar Road, Reading, Berkshire, RG23
£1,99508/240.23 miSailcloth Close, Reading4
£1,99508/240.23 miSailcloth Close, Reading4
£1,75007/240.24 miBerkeley Avenue, Reading, Berkshire, RG14
£1,50004/250.24 mi-3
£4,18510/240.25 mi-3
£4,18512/240.25 mi-3
£3,95004/250.25 mi-3
£1,50007/240.25 miAlpine Street, Reading, RG13
£2,00011/240.25 mi-4
£1,45007/240.26 miFrancis Street, Reading, Berkshire, RG13
£1,50007/240.26 miFrancis Street, Reading, Berkshire, RG13
£1,45007/240.26 miFrancis Street, Reading, Berkshire, RG13
£3,00012/240.26 mi-3
£2,49507/240.26 miMansfield Road, Reading, Berkshire, RG15
£1,60007/240.26 miAlpine Street, Reading, Berkshire, RG14
£1,75004/250.27 mi-3
£3,89507/240.27 mi-3
£3,32510/240.27 mi-3
£3,32504/250.27 mi-3
£1,80007/240.29 miWaterloo Road, Reading, Berkshire, RG23
£2,80007/240.29 mi-3
£4,21508/240.29 mi-3
£4,21508/240.29 mi-3
£1,59508/240.29 mi-3
£1,59507/240.29 miCollis Street, Reading, RG23
£1,60009/240.29 mi-3
£1,60009/240.29 miCollis Street, Reading, RG23
£2,00002/240.29 mi-3
£5,50002/250.3 mi-8
£5,00004/250.3 mi-8
£1,80007/240.3 miHill Street, Reading, Berkshire, RG13
£3,00004/250.32 mi-4
£1,40007/240.32 miEdgehill Street, Reading3
£1,80004/250.33 mi-3
£1,70007/240.33 miCarsdale Close, Reading, Berkshire, RG13
£1,80004/250.33 mi-3
£1,85007/240.33 miNew Bright Street, Reading, RG13
£1,80009/240.33 mi-3

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.46 miles away

Nearest school

0.30 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £1,150,000

November 22, 2024

Floor Plans

Description

  • Block of Four Apartments +
  • Producing £73,200 of Income +
  • Planning Permisson Approved +
  • Town Centre Location +
  • Allocated Parking +

Lansley - An excellent opportunity to purchase the freehold and a block of four modern apartments close to Reading town centre. The apartments consist of two units on the ground floor with accommodation comprising two bedrooms, kitchen with fitted appliances and family bathroom and two three bedroom split level apartments across the first and second floors with two bathrooms and kitchen with fitted appliances. Externally each apartment has an allocated parking space. The block is currently producing a rental income of £73,200 (£1400pcm for the two beds and £1650 for the three beds). Planning permission has also been approved for an additional storey creating an additional three apartments.

Agent Details

AH Lansley Residential, Reading

0118 230 2652

Next Steps?

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