2 Bed Flat, Single Let, Reading, RG1 7HD, £210,000

2 Great Knollys Street, Reading, RG1 7HD - 5 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~49 m²
+2 photos

ValuationOvervalued

Sold Prices£101.4K - £585K
Sold Prices/m²£2K/m² - £5.7K/m²

 

 

Square Metres

~49.20 m²
Price/m²£4.3K/m²

Value Estimate

£201,965

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£13,400

Total Cash In

£65,900

 

 

Cash Out

 

Rent Range

£1,300 - £2,138

Rent Estimate

£1,306

Running Costs/mo

£937

Cashflow/mo

£369

Cashflow/yr

£4,423

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £101.4K to £585K, average is £250K. £2K/m² to £5.7K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£234K10/200.06 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£215K04/230.13 mi23, Stratheden Place, Reading RG1 7BH2
£198K12/200.17 mi59b, Cardiff Road, Reading RG1 8ET2
£250K02/210.23 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£180K06/230.25 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£215K10/210.32 mi29, Bedford Road, Reading RG1 7EU2
£300K04/210.41 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.41 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£257.5K05/210.42 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£101.4K02/230.44 mi23, Talbot Court, Reading RG1 6QH2
£265K09/210.46 mi34, Swan Place, Reading RG1 6QD2
£300K06/210.51 miFlat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS2
£330K01/230.57 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£295K02/230.58 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£340K02/230.58 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£335K12/220.59 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£240K07/210.59 mi11, Deansgate Road, Reading RG1 2RZ2
£262.5K09/210.6 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.6 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£269K06/210.6 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.6 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.6 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.6 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/220.6 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£145K11/200.62 mi4, Katesgrove Lane, Reading RG1 2ND2
£229K01/210.64 mi29 Compass House, South Street, Reading RG1 4GQ2
£295K04/230.67 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.67 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£188K07/230.69 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2
£208K03/210.69 mi4, St Pauls Court, Reading RG1 6HF2
£250K10/220.72 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£196K02/210.74 mi19, Baron Court, Reading RG30 2BP2
£230K05/210.75 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£265K10/220.76 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£490K05/210.77 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.77 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.77 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£243.5K12/200.78 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£330K06/210.8 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2
£225K03/210.8 miFlat 9, Evesham House, Battle Square, Reading RG30 1DT2
£247.8K11/210.8 miFlat 7, Greys Court, Sidmouth Street, Reading RG1 4PP2
£216.5K11/220.82 miFlat 3, Englefield House, Moulsford Mews, Reading RG30 1ET2
£211K03/230.83 miFlat 5, Lansdowne House, Moulsford Mews, Reading RG30 1ER2
£205K11/200.83 miFlat 9, Englefield House, Moulsford Mews, Reading RG30 1ET2
£200K03/210.83 miFlat 50, Englefield House, Moulsford Mews, Reading RG30 1ET2
£170K01/230.88 miFlat 48, Lynden Mews, Dale Road, Reading RG2 0AT2
£230K09/210.9 miFlat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS2
£227.5K09/210.9 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.9 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.9 mi14, Waller Court, Caversham, Reading RG4 6DB2

Local Rents

47 rents from £1.3K/mo to £2.1K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,52510/240 mi-2
£1,60001/250 mi-2
£1,55010/230.01 miLion Court, Great Knollys Street, Reading, Berkshire, RG12
£1,45007/240.01 miLion Court, Reading2
£1,40010/230.02 miLion Court, Great Knollys Street, Reading, Berkshire, RG12
£1,40007/240.04 miRegent Court, Reading, RG12
£1,40007/240.04 mi-2
£1,49510/240.04 mi-2
£1,35007/240.04 miRegent Court, Reading, Berkshire, RG12
£1,30010/230.05 miRegent Court, Reading, Berkshire, RG12
£1,75012/240.05 mi-2
£1,35002/240.05 mi-2
£1,35002/240.05 mi-2
£1,40010/240.05 mi-2
£1,35002/240.05 mi-2
£1,73012/240.06 mi-2
£1,30003/250.06 mi-2
£1,93607/240.07 miWeldale Street, Reading, RG12
£1,91807/240.07 miWeldale Street, Reading, RG12
£1,89807/240.07 miWeldale Street, Reading, RG12
£2,13507/240.07 miWeldale Street, Reading, RG12
£1,97307/240.07 miWeldale Street, Reading, RG12
£1,95407/240.07 miWeldale Street, Reading, RG12
£2,13807/240.07 miWeldale Street, Reading, RG12
£1,91407/240.07 miWeldale Street, Reading, RG12
£1,95007/240.07 miWeldale Street, Reading, RG12
£1,97507/240.07 miWeldale Street, Reading, RG12
£1,97508/240.07 miWeldale Street, Reading, RG12
£1,82508/240.07 miWeldale Street, Reading, RG12
£1,95008/240.07 miWeldale Street, Reading, RG12
£1,87508/240.07 miWeldale Street, Reading, RG12
£1,87508/240.07 miWeldale Street, Reading, RG12
£1,82508/240.07 miWeldale Street, Reading, RG12
£2,00008/240.07 miWeldale Street, Reading, RG12
£1,93608/240.07 miWeldale Street, Reading, RG12
£1,87508/240.07 miWeldale Street, Reading, RG12
£1,93608/240.07 miWeldale Street, Reading, RG12
£1,93608/240.07 miWeldale Street, Reading, RG12
£1,82508/240.07 miWeldale Street, Reading, RG12
£1,82508/240.07 miWeldale Street, Reading, RG12
£1,82509/240.07 miWeldale Street, Reading, RG12
£1,93609/240.07 miWeldale Street, Reading, RG12
£1,95009/240.07 miWeldale Street, Reading, RG12
£1,82509/240.07 miWeldale Street, Reading, RG12
£1,87509/240.07 miWeldale Street, Reading, RG12
£1,97309/240.07 miWeldale Street, Reading, RG12
£1,82509/240.07 miWeldale Street, Reading, RG12

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.46 miles away

Nearest school

0.20 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Price changed to £210,000

March 12, 2025

Price changed to £220,000

February 8, 2025

Listed for £225,000

November 28, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Allocated Parking Space +
  • 0.3m To Reading Station +
  • Private Balcony +
  • Great Investment Opportunity +
  • Modern Throughout +

No Onward Chain

This apartment offers someone incredible location with the main train station only a five-minute walk away from the apartment.

With added benefits of allocated gated parking space and generous size with all rooms inside. Inside you access via a secure telecom and fob entry system.

You walk into the apartment with a large hallway which gives access to storage cupboards and all the rooms in the apartment. The apartment has two double bedrooms with the master further benefiting from an en-suite. There is a further family bathroom serving the second bedroom. The kitchen/living/dining room also offers substantial size with access to a private balcony.

The apartment is within easy walking distance to Reading train station and town centre as well as the M4 J11 and J10 only a 15-minute drive away.

Agent Details

Prospect Estate Agency, Reading

0118 230 3819

Next Steps?

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