3 Bed Flat, Single Let, Reading, RG1 4AU £350,000

Queens Road, Reading, Berkshire, RG1 4AU - a year ago

Leasehold

BTL

ROI: 1%

~74 m²

ValuationFair Value

Sold Prices	£150K - £438.5K
Sold Prices/m²	£3.2K/m² - £6.2K/m²

Square Metres	~73.80 m²
Price/m²	£4.7K/m²
Value Estimate	£343,548£343,548

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£26,200£26,200
Total Cash In	£113,700£113,700

Cash Out
Rent Range	£1,500 - £4,900£1,500 - £4,900
Rent Estimate	£1,563
Running Costs/mo	£1,426£1,426
Cashflow/mo	£137£137
Cashflow/yr	£1,640£1,640
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

15 sold prices from £150K to £438.5K, average is £295K. £3.2K/m² to £6.2K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£422K	08/25	0.76 mi	42, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	3	Flat
£210K	04/23	0.78 mi	Ground Floor Flat, 46, Charles Street, Reading RG1 7DB	£6,176	34	3	Flat
£215K	07/21	0.95 mi	67, Lorne Street, Reading RG1 7YW	-	-	3	Flat
£300K	02/25	0.99 mi	17, Oaklands, Reading RG1 5RW	£3,297	91	3	Flat
£390K	09/24	1.19 mi	91, Flat 4, Henley Road, Caversham, Reading RG4 6DS	£4,086	95	3	Flat
£438.5K	03/25	1.36 mi	6, Marlow Court, All Hallows Road, Caversham, Reading RG4 5LL	£4,616	95	3	Flat
£438.5K	03/25	1.36 mi	6, Marlow Court, All Hallows Road, Caversham, Reading RG4 5LL	-	-	3	Flat
£260K	06/21	1.39 mi	Flat 10, Ashdown House, Battle Square, Reading RG30 1AX	-	-	3	Flat
£338K	11/24	1.45 mi	18, Flat 3, St Peters Hill, Caversham, Reading RG4 7AX	£4,694	72	3	Flat
£295K	02/25	1.7 mi	6, Grange Court, Sidmouth Grange Close, Reading RG6 1ES	-	-	3	Flat
£290K	11/24	1.7 mi	212a, Tilehurst Road, Reading RG30 2LY	£5,800	50	3	Flat
£150K	03/23	1.91 mi	13, Farnham Drive, Caversham, Reading RG4 6NY	-	-	3	Flat
£220K	07/25	2.04 mi	20, Branagh Court, Reading RG30 2QX	-	-	3	Flat
£262.5K	10/21	2.04 mi	15, Branagh Court, Reading RG30 2QX	£3,163	83	3	Flat
£410K	03/23	2.53 mi	80, Fleetham Gardens, Lower Earley, Reading, Wokingham RG6 4BY	£5,604	73	3	Flat

Local Rents

49 rents from £1.5K/mo to £4.9K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	11/25	0.15 mi	The Grove, Reading, Berkshire, RG1	3	Semi-Detached House
£1,995	07/24	0.15 mi	The Grove, Reading, Berkshire, RG1	3	Terraced House
£2,200	09/25	0.16 mi	Home Court, 96 London Street, Reading, Berkshire, RG1	3	Flat
£2,000	11/25	0.16 mi	Home Court, 96 London Street, Reading, Berkshire, RG1	3	Flat
£2,400	07/24	0.17 mi	-	3	Flat
£3,200	08/24	0.17 mi	-	3	Flat
£3,200	06/25	0.17 mi	-	3	Flat
£3,100	09/25	0.17 mi	-	3	Flat
£2,200	10/25	0.17 mi	-	3	Flat
£2,200	10/25	0.17 mi	Home Court, Reading, RG1	3	Flat
£1,800	04/25	0.17 mi	-	3	Terraced House
£1,650	07/25	0.17 mi	-	3	Terraced House
£1,650	06/25	0.17 mi	Blakes Cottages, Reading, RG1	3	Terraced House
£2,000	06/25	0.17 mi	The Forbury, Reading, RG1	3	Flat
£3,018	03/25	0.17 mi	-	3	Semi-Detached House
£1,800	11/25	0.18 mi	Watlington Street, Reading	3	Terraced House
£2,100	10/25	0.2 mi	Blakes Cottages, Forbury Road, Reading, Berkshire, RG1	3	Terraced House
£2,200	07/24	0.2 mi	Kennet Street, Reading, Berkshire, RG1	3	Flat
£1,900	07/24	0.2 mi	Kennet Street, Reading, Berkshire, RG1	3	Flat
£1,750	10/25	0.2 mi	The Grove, Reading, RG1	3	Semi-Detached House
£2,000	09/25	0.2 mi	The Grove, Reading, RG1	3	Terraced House
£2,000	10/25	0.2 mi	The Grove, Reading, RG1	3	Terraced House
£1,900	02/25	0.2 mi	-	3	Flat
£2,500	07/24	0.21 mi	Watlington Street, Reading, Berkshire, RG1	3	Terraced House
£1,950	09/25	0.22 mi	Kennet Street, Reading, RG1	3	Flat
£1,950	10/25	0.22 mi	-	3	Flat
£1,500	06/25	0.23 mi	Watlington Street, Reading, RG1	3	Terraced House
£1,650	08/25	0.23 mi	St. Johns Road, Reading, Berkshire, RG1	3	Terraced House
£2,250	08/24	0.24 mi	St. Johns Hill, Reading, Berkshire	3	Terraced House
£1,900	07/24	0.24 mi	-	3	Terraced House
£2,180	12/24	0.24 mi	-	3	Terraced House
£3,200	10/25	0.25 mi	St. Johns Hill, Reading, RG1	3	Terraced House
£1,600	08/25	0.25 mi	Upper Crown Street, Reading, RG1	3	Terraced House
£1,550	08/25	0.25 mi	-	3	Terraced House
£2,500	08/24	0.26 mi	Joseph Huntley Walk, Reading, RG1	3	Flat
£2,150	08/24	0.26 mi	Joseph Huntley Walk, Reading, RG1	3	Flat
£2,400	08/24	0.26 mi	Joseph Huntley Walk, Reading, RG1	3	Flat
£4,900	08/24	0.27 mi	-	3	Flat
£4,900	01/25	0.27 mi	-	3	Flat
£4,900	07/25	0.27 mi	-	3	Flat
£1,850	08/24	0.27 mi	Newark Street, Reading	3	House
£3,400	02/24	0.28 mi	-	3	Flat
£3,300	03/25	0.28 mi	-	3	Flat
£1,550	11/25	0.29 mi	Upper Crown Street, Reading	3	Terraced House
£2,450	07/24	0.29 mi	Joseph Huntley Walk, Reading, RG1	3	Flat
£1,850	07/24	0.29 mi	-	3	Flat
£3,295	12/24	0.29 mi	-	3	Flat
£3,000	03/25	0.29 mi	-	3	Flat
£1,600	06/25	0.29 mi	Upper Crown Street, Reading	3	House

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.34 miles away0.34 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.50 miles away0.50 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+9%+9%

Property History

Price changed to £350,000

March 12, 2025

Listed for £368,000

December 10, 2024

Floor Plans

Description

Three Bedrooms +
No Onward Chain +
Town Centre Location +
Allocated Parking Space +
Two Bathrooms +
Well-Presented Throughout +

Offered to the market with no onward chain and located within a short walk from Reading town centre and mainline railway station, this three bedroom apartment is ideal for first time buyers and investment buyers alike.

The property offers light and spacious accommodation comprising: entrance hallway, three bedrooms, two bathrooms and an open-plan kitchen/lounge/diner.

The property also benefits from residents parking. Viewing is recommended.

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

Council Tax Band C (Reading Borough Council)

- Lease - 999 years from 1st January 2009
- Ground Rent - £0 p/a
- Service Charge - Approx £1,320 p/a

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 💪

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