2 Bed Flat, Single Let, Reading, RG1 4PX £250,000

Kings Oak Court, Queens Road, Reading, Berkshire, RG1 4PX - 5 views - a year ago
Leasehold
BTL
ROI: 5%
~64 m²
Property image

ValuationOvervalued

Sold Prices£85.5K - £410K
Sold Prices/m²£1.1K/m² - £5.5K/m²

 

 

Square Metres

~63.81 m²
Price/m²£3.9K/m²

Value Estimate

£240,956

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Total Cash In

£78,700

 

 

Cash Out

 

Rent Range

£1,295 - £2,140

Rent Estimate

£1,400

Running Costs/mo

£1,081

Cashflow/mo

£319

Cashflow/yr

£3,825

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £85.5K to £410K, average is £246.4K. £1.1K/m² to £5.5K/m², average is £3.8K/m².

Price
Date
Distance
Address
Beds
 
£295K04/230.02 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.02 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£405K03/250.09 mi10, 47 Queen's Wharf, Queens Road, Reading RG1 4QE2
£255K07/250.13 mi1, Grantley Heights, Kennet Side, Reading RG1 3EG2
£247.8K11/210.13 miFlat 7, Greys Court, Sidmouth Street, Reading RG1 4PP2
£330K06/210.17 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2
£117.5K03/250.17 mi19, 115 Blenheim Court, London Street, Reading RG1 4PH2
£188K07/230.23 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2
£240K07/210.26 mi11, Deansgate Road, Reading RG1 2RZ2
£245K01/250.26 miWrenbury Court, Eldon Road, Reading RG1 4DL2
£300K02/250.29 mi55 Stirling House, Flat 6, Silver Street, Reading RG1 2SU2
£358K03/250.3 miFlat 21, 4, Palmer Street, Reading RG1 3GY2
£410K02/250.3 miBlakes Quay, 48, Gas Works Road, Reading RG1 3EN2
£388.1K01/250.3 miBlakes Quay, 43, Gas Works Road, Reading RG1 3EN2
£85.5K03/250.33 mi110, The Meridian, Kenavon Drive, Reading RG1 3DP2
£230K02/250.34 miHieatt Close, 20, Mount Pleasant, Reading RG1 2QH2
£253K06/250.35 mi3, Riverside House, Fobney Street, Reading RG1 6BH2
£253K06/250.35 mi3, Riverside House, Fobney Street, Reading RG1 6BH2
£230K09/210.36 miFlat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS2
£200K03/250.4 mi5, Fobney Street, Reading RG1 6BY2
£265K09/210.41 mi34, Swan Place, Reading RG1 6QD2
£275K05/230.43 mi78, Kennet Walk, Reading RG1 3GF2
£180K06/230.45 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£300K06/210.45 miFlat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS2
£288K03/250.45 miFlat 35, 6, Oscar Wilde Road, Reading RG1 3FG2
£295K03/250.46 miFlat 21, 8, Oscar Wilde Road, Reading RG1 3FH2
£146K06/210.49 mi6, Robert Parker Road, Reading RG1 3FN2
£101.4K02/230.5 mi23, Talbot Court, Reading RG1 6QH2
£190K05/250.51 mi41, Capital Point, Temple Place, Reading RG1 6QJ2
£190K05/250.51 mi41, Capital Point, Temple Place, Reading RG1 6QJ2
£290K02/250.52 mi83, Luscinia View, Reading RG1 8AE2
£261.5K02/230.53 mi1, Westerham Walk, Reading RG2 0BA2
£245K12/220.54 miFlat 15, The Pinnacle, Kings Road, Reading RG1 4LY2
£283K02/230.54 miFlat 2, The Pinnacle, Kings Road, Reading RG1 4LY2
£170K01/230.55 miFlat 48, Lynden Mews, Dale Road, Reading RG2 0AT2
£368K03/250.56 mi5 9 Riverside View, Flat 67, Berkeley Avenue, Reading RG1 6FH2
£220K06/210.61 mi47, Tippett Rise, Reading RG2 0DJ2
£195K03/230.63 mi104, Tippett Rise, Reading RG2 0DZ2
£310K05/250.63 miFlat 501, 20 Honister, Alfred Street, Reading RG1 7AH2
£310K05/250.63 miFlat 501, 20 Honister, Alfred Street, Reading RG1 7AH2
£225K07/250.68 miFlat 3, 23, Coley Hill, Reading RG1 6AE2
£210K07/250.69 mi75, Admirals Court, Reading RG1 6SS2
£220K06/250.69 mi183a, Elgar Road, Reading RG2 0DH2
£220K06/250.69 mi183a, Elgar Road, Reading RG2 0DH2
£237.5K03/250.71 mi9, Phoenix Place, Waylen Street, Reading RG1 7UH2
£215K04/230.72 mi23, Stratheden Place, Reading RG1 7BH2
£240K09/210.73 mi10, Southern Hill, Reading RG1 5ES2
£230K03/250.74 mi28, Farringdon Court, Reading RG1 5NT2
£250.1K12/240.76 miMorton Court, 5, Christchurch Road, Reading RG2 7BB2
£363K06/230.76 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2

Local Rents

50 rents from £1.3K/mo to £2.1K/mo, average is £1.5K/mo.

Rent
Date
Distance
Address
Beds
 
£1,50009/250.02 miKings Oak Court, Reading, RG12
£1,50002/240.02 mi-2
£1,55012/240.02 mi-2
£1,49512/240.02 mi-2
£1,50010/250.02 mi-2
£1,50009/200.02 miKings Oak Court, Queens Road, Reading, Berkshire, RG12
£1,45011/250.02 miQueens Road, Reading, Berkshire, RG12
£1,30009/250.02 miQueens Road, Reading, Berkshire, RG12
£1,40010/250.02 mi20 Kings Oak Court, Queens Road, Reading, RG12
£1,30007/240.02 miKings Oak Court, Reading2
£1,40007/240.02 miKings Oak Court, Queens Road2
£1,35009/250.02 miQueens Road, Reading, Berkshire, RG12
£1,50007/250.02 miKings Oak Court, Queens Road, Reading, Berkshire, RG12
£1,45011/250.02 miQueens Road, Reading, RG12
£1,50007/240.04 miQueens Cottages, Reading, Berkshire, RG12
£1,50011/250.04 miQueens Cottages, Reading, Berkshire, RG12
£1,50007/250.04 miQueens Road, Reading, RG12
£1,30007/250.05 miSouth Street, Reading, Berkshire, RG12
£1,38008/250.05 miSouth Street, Reading, Berkshire, RG12
£1,30008/250.05 miSouth Street, Reading, Berkshire, RG12
£1,30009/250.05 miSouth Street, Reading, Berkshire, RG12
£1,40011/250.05 miQueens Cottages, Reading, Berkshire, RG12
£2,14002/240.05 mi-2
£1,29511/250.06 miQueens Cottages, Reading, RG12
£1,32506/250.07 mi-2
£1,32505/250.07 miSidmouth Court, Reading, RG12
£1,93007/240.07 miFilbert Street, Reading, RG12
£1,85008/240.07 miJoseph Huntley Walk, Reading, RG12
£1,97507/250.07 miCarraway Street, Reading, Berkshire, RG12
£1,55010/250.07 miOscar Wilde Road, Reading, Berkshire, RG12
£1,60008/240.07 miKings Road, Reading, RG12
£2,00008/250.07 miKings Road, Reading, RG12
£1,75010/240.07 mi-2
£1,75007/250.07 mi-2
£1,75007/250.07 miSidmouth Street, Reading, RG12
£1,49508/240.08 miSouth Street2
£1,75006/250.08 miVerto, 120 Kings Road, Reading, RG12
£2,00009/250.08 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£1,35009/250.08 miSouth Street, Reading2
£1,60007/240.08 miSouth Street, Reading, Berkshire, RG12
£1,49507/240.08 miSouth Street, Reading, Berkshire, RG12
£1,40010/250.08 miSouth Street, Reading, Berkshire, RG12
£1,75007/250.08 miKennet House, Kings Road, Reading, RG12
£1,50007/240.09 miKennet House, 80 Kings Road, Reading, RG12
£1,60011/250.09 miKennet House, 80 Kings Road, Reading, RG12
£1,65007/240.09 miKennet House, 80, Kings Road, Reading2
£1,80008/240.09 miKennet House, 80 Kings Road, READING, RG1 3BJ2
£1,80009/240.09 miKennet House, 80 Kings Road, READING, RG1 3BJ2
£1,75007/240.09 miQueens Wharf, Queens Road2
£2,00005/250.09 miKennet House, 80 Kings Road, Reading, RG12

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.36 miles away

Nearest school

0.10 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+9%

Property History

Price changed to £250,000

March 16, 2025

Listed for £275,000

December 8, 2024

Floor Plans

Property image

Description

  • No Onward Chain +
  • Ground Floor +
  • Close To Train Station +
  • Balcony +
  • Secure Gated Parking +
  • Ground Rent £150 PA +
  • Separate Kitchen +
  • Town Centre Location +
  • Master Bedroom With Ensuite +

This modern ground floor apartment, located in the town centre and close to the train station, is offered with no onward chain. Boasting 2 double bedrooms, including an ensuite to the master bedroom, this property provides comfortable living spaces. The generous living room features a balcony, perfect for relaxing or entertaining. The separate kitchen adds to the convenience of this apartment. Secure gated parking ensures peace of mind for residents with vehicles. Situated in a purpose-built development, this property offers a secure and well-maintained living environment. With its contemporary design and excellent amenities, this apartment is ideal for those seeking a stylish urban lifestyle. Don't miss out on this fantastic opportunity. Contact us today to schedule a viewing and experience city living at its best.

Location:
Situated in this prime location within the heart of the Town Centre, within close proximity of The Oracle Shopping centre and the mainline train station. Reading is one of the south east's largest towns just over 20 minutes from London by train, with trains running every five minutes or so, Reading is home to many of the city's commuters. Reading also has easy links by road or rail to Swindon, Oxford, Basingstoke, Heathrow and farther afield. Beyond the hive of commercial activity, Reading is nestled in the heart of Royal Berkshire offering beautiful riverside walks on the Thames and tow path ambles on the Kennet and Avon canals and with the nearby Berkshire Downs and Chilterns, beautiful countryside is never far away. Reading offers a rich mix of shops and markets. In the heart of the town, The Oracle combines chic boutiques and within a minute's walk there are many high-street favourites including John Lewis and Marks & Spencer. There are restaurants, cafes and brasseries to suit every taste in Reading. Plus there are numerous bars and restaurants on the Oracle Riverside.

Agent Details

Winkworth, Reading

0118 230 5501

Next Steps?

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