2 Bed Flat, Single Let, Reading, RG4 8BB, £250,000

Abbotsmead, Caversham, RG4 8BB - 1 views - 4 months ago

Under Offer
Leasehold
BTL
ROI: 5%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£180K - £585K
Sold Prices/m²£2.6K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£300,211
BMV20%

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 - £3,280

Rent Estimate

£1,350

Running Costs/mo

£1,071

Cashflow/mo

£279

Cashflow/yr

£3,345

ROI

5%

Gross Yield

6%

Local Sold Prices

50 sold prices from £180K to £585K, average is £258.8K. £2.6K/m² to £5.7K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£350K10/220 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£340K02/230.03 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£335K12/220.07 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K01/230.24 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£295K02/230.25 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£257.5K05/210.25 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£262.5K09/210.27 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.27 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£300K04/210.28 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.28 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£490K05/210.3 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.3 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.3 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£250K10/220.31 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£230K05/210.35 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£227.5K09/210.37 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.37 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.37 mi14, Waller Court, Caversham, Reading RG4 6DB2
£243.5K12/200.38 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£265K10/220.41 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£407.5K10/200.43 miFlat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS2
£250K06/210.44 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.44 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£198K12/200.45 mi59b, Cardiff Road, Reading RG1 8ET2
£234K10/200.55 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£229.9K01/210.57 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£255K03/210.59 mi35, Field View, Caversham, Reading RG4 5HD2
£180K06/230.66 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£250K02/210.66 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£215K04/230.72 mi23, Stratheden Place, Reading RG1 7BH2
£367.5K02/210.76 mi6, George Close, Caversham, Reading RG4 5EW2
£250K12/200.76 mi63, Sheridan Avenue, Caversham, Reading RG4 7QB2
£215K10/210.87 mi29, Bedford Road, Reading RG1 7EU2
£240K06/210.88 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.88 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.88 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.88 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.88 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£200K06/210.9 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.9 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£270.9K10/220.93 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.93 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.93 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£185K12/200.95 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£395K01/210.99 miFlat 6, Avenue House, Upper Warren Avenue, Caversham, Reading RG4 7EF2

Local Rents

49 rents from £1.3K/mo to £3.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,37507/240 miAbbotsmead Place, Wolsey Road, Caversham, Reading, RG42
£1,37512/240.02 mi-2
£1,45007/240.03 miAbbotsmead Place2
£1,25007/240.04 miSt. Martins Precinct, Church Street, Caversham, Reading, RG42
£1,75012/240.07 miRiverside Court, Caversham, Reading2
£1,69507/240.08 miRiverside Court, Caversham2
£1,30002/240.1 mi-2
£1,70001/240.12 mi-2
£1,75007/240.14 miCaversham, Reading2
£1,65003/250.18 mi-2
£1,75012/240.18 miNorth Street, Caversham2
£1,40007/240.19 mi2 Auburn Court2
£1,30007/240.23 miCaversham Road, Reading2
£1,35007/240.23 miCaversham Road, Reading2
£1,40007/240.23 mi-2
£2,15012/240.23 miTreetops, The Mount, Reading2
£1,27507/240.23 miRandolph Road2
£1,35009/240.23 miRandolph Road2
£1,35012/240.24 mi-2
£1,65012/240.25 mi-2
£1,79507/240.26 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£2,00002/240.28 mi-2
£3,28010/240.28 mi-2
£1,69507/240.28 miRegents Riverside2
£3,28007/240.28 miRegents Riverside, Reading, Berkshire2
£1,60007/240.28 miDe Montfort Road, Reading2
£1,60008/240.28 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,70007/240.28 miRegents Riverside, Brigham Road, Reading, RG12
£1,50012/240.28 miTamesis Place, Patrick Road, Caversham2
£1,65007/240.28 miRegents Riverside, Brigham Road, Reading, RG12
£1,39508/240.29 miDenbeigh Place2
£1,65007/240.3 miPatrick Road, Caversham, Reading2
£1,35008/240.3 miSwansea Road, Reading, RG12
£1,35009/240.3 mi-2
£2,20012/240.3 miTreetops, The Mount, Caversham, Reading, Berkshire, RG42
£2,20012/240.3 miTreetops, Caversham, Reading2
£1,65007/240.31 miTamesis Place2
£1,90007/240.32 mi-2
£1,65007/240.34 miRegents Riverside, Brigham Road, Reading2
£1,35009/240.34 miLynmouth Court, Lynmouth Road2
£1,29502/250.35 mi-2
£1,45004/250.35 mi-2
£1,60008/240.36 miSwansea Road, Reading, RG12
£1,58010/240.36 mi-2
£1,52510/240.38 mi-2
£1,35007/240.39 miSouth View Avenue, Caversham2
£1,52511/240.4 mi-2
£1,55004/250.41 mi-2
£1,50008/240.41 miSwansea Road, Reading2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

0.99 miles away

Nearest school

0.20 miles away

Nearest train station

0.56 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

December 5, 2024

Sold for £152,500

2001

Sold for £132,500

2000

Sold for £85,000

1998

Floor Plans

Description

  • Unusually spacious two bedroom apartment +
  • Sought after development +
  • Moments from the centre of Caversham +
  • Within striking distance of Reading station +
  • Entry phone system +
  • Allocated parking +
  • Well tended communal grounds +
  • NO CHAIN! +

Rare to the market is this unusually bright and spacious two double bedroom first floor apartment situated in a sought after riverside development within striking distance of Reading mainline railway station and moments from the centre of bustling Caversham with its excellent range of restaurants and bars. The communal entrance hall is entered via an entry phone system with a staircase rising to the first floor landing and number 32. The spacious entrance hall has a storage cupboard and leads to both double bedrooms and the bathroom. The living/dining room is a particular feature being of generous proportion and benefiting from a Juliet balcony. The kitchen benefits from an integrated oven and hob and a recently installed wall mounted boiler. The communal grounds are well tended and there is private and allocated parking. Beautiful riverside walks and parkland will be found less than a minutes walk with almost direct access to the Railway station. An early viewing is highly recommended by the vendors sole agent and there is no ongoing chain.

what3words /// dive.rating.purely

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Bridges Estate Agents, Caversham

0118 230 1725

Next Steps?

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