2 Bed Flat, Single Let, Reading, RG1 4BX, £245,000

211C Barkham Mews, Reading, RG1 4BX - 1 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~55 m²
+3 photos

ValuationOvervalued

Sold Prices£101.4K - £363K
Sold Prices/m²£1.7K/m² - £5.7K/m²

 

 

Square Metres

~55.09 m²
Price/m²£4.4K/m²

Value Estimate

£208,028

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£15,850

Total Cash In

£77,100

 

 

Cash Out

 

Rent Range

£1,400 - £2,375

Rent Estimate

£1,425

Running Costs/mo

£1,071

Cashflow/mo

£354

Cashflow/yr

£4,253

ROI

6%

Gross Yield

7%

Local Sold Prices

47 sold prices from £101.4K to £363K, average is £245K. £1.7K/m² to £5.7K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£330K06/210.06 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2
£295K04/230.11 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.11 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£247.8K11/210.12 miFlat 7, Greys Court, Sidmouth Street, Reading RG1 4PP2
£229K01/210.21 mi29 Compass House, South Street, Reading RG1 4GQ2
£229K01/210.24 mi29 Compass House, South Street, Reading RG1 4GQ2
£188K07/230.32 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2
£275K05/230.33 mi78, Kennet Walk, Reading RG1 3GF2
£240K07/210.36 mi11, Deansgate Road, Reading RG1 2RZ2
£230K09/210.4 miFlat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS2
£146K06/210.4 mi6, Robert Parker Road, Reading RG1 3FN2
£245K12/220.43 miFlat 15, The Pinnacle, Kings Road, Reading RG1 4LY2
£283K02/230.43 miFlat 2, The Pinnacle, Kings Road, Reading RG1 4LY2
£180K06/230.52 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£265K09/210.52 mi34, Swan Place, Reading RG1 6QD2
£250K02/210.53 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£145K11/200.54 mi4, Katesgrove Lane, Reading RG1 2ND2
£300K06/210.55 miFlat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS2
£261.5K02/230.57 mi1, Westerham Walk, Reading RG2 0BA2
£101.4K02/230.6 mi23, Talbot Court, Reading RG1 6QH2
£170K01/230.63 miFlat 48, Lynden Mews, Dale Road, Reading RG2 0AT2
£208K03/210.68 mi4, St Pauls Court, Reading RG1 6HF2
£220K06/210.69 mi47, Tippett Rise, Reading RG2 0DJ2
£195K03/230.7 mi104, Tippett Rise, Reading RG2 0DZ2
£240K09/210.7 mi10, Southern Hill, Reading RG1 5ES2
£255K11/200.7 mi32, Southern Hill, Reading RG1 5ES2
£200K11/200.71 miTop Floor Flat, 183a, Elgar Road, Reading RG2 0DH2
£234K10/200.76 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£300K04/210.79 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.79 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£290K12/220.8 miFlat 36, Milward Court, Warwick Road, Reading RG2 7BG2
£215K04/230.81 mi23, Stratheden Place, Reading RG1 7BH2
£262.5K09/210.85 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.85 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£295K02/230.86 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£330K01/230.86 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£265K10/220.87 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£198K12/200.87 mi59b, Cardiff Road, Reading RG1 8ET2
£255K02/230.88 mi1, Haywood Court, Reading RG1 3QF2
£230K05/210.92 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£250K10/220.92 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£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
£200K06/210.94 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.94 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£215K10/210.96 mi29, Bedford Road, Reading RG1 7EU2

Local Rents

50 rents from £1.4K/mo to £2.4K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,95007/240.02 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£1,85008/240.02 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£1,75008/240.02 miQueens Road, Reading, Berkshire, RG12
£1,79508/240.02 miQueens Road, Reading, Berkshire, RG12
£1,82507/240.02 mi-2
£1,82507/240.02 mi-2
£2,30008/240.02 mi-2
£2,30008/240.02 mi-2
£2,30008/240.02 mi-2
£2,30009/240.02 mi-2
£2,30009/240.02 mi-2
£2,30011/240.02 mi-2
£1,67511/240.02 mi-2
£2,30011/240.02 mi-2
£2,30001/250.02 mi-2
£2,30001/250.02 mi-2
£2,30002/250.02 mi-2
£1,92502/250.02 mi-2
£2,30004/250.02 mi-2
£1,92504/250.02 mi-2
£2,30004/250.02 mi-2
£2,30004/250.02 mi-2
£1,92504/250.02 mi-2
£1,67511/240.02 miQueens Road, Reading, RG12
£1,87502/240.02 mi-2
£1,67504/250.02 mi-2
£1,70007/240.03 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£1,75007/240.03 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£1,75007/240.04 miQueens Wharf, Queens Road2
£1,55008/240.04 mi-2
£1,55007/240.04 miQ2 Watlington Street, Reading, RG12
£1,55009/240.04 miKennet Side, Reading, RG12
£2,10007/240.04 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£1,93007/240.04 miFilbert Street, Reading, RG12
£1,85008/240.04 miJoseph Huntley Walk, Reading, RG12
£1,55008/240.04 miGrantley Heights, Kennet Side, Reading, Berkshire, RG12
£1,50004/250.05 mi-2
£1,60007/240.05 miSouth Street, Reading, Berkshire, RG12
£1,49507/240.05 miSouth Street, Reading, Berkshire, RG12
£1,40007/240.05 miWatlington Street, Reading2
£1,70001/250.05 mi-2
£2,00008/240.05 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£1,55007/240.05 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£1,45007/240.05 miGrantley Heights, Kennet Side, Reading, Berkshire, RG12
£1,60008/240.05 miWatlington Street, Reading2
£1,95010/230.05 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£2,37510/240.05 mi-2
£2,37501/250.05 mi-2
£1,40007/240.05 miKennet Side, Reading, Berkshire, RG12
£1,50008/240.06 miQ2 Watlington Street, Reading2

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.47 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Price changed to £245,000

March 24, 2025

Listed for £259,950

December 10, 2024

Floor Plans

Description

  • Centre of Reading location +
  • Private, gated development with secure parking +
  • No chain transaction +
  • Quiet, rear-view aspect, looking towards the church +
  • Close to amenities including shops, pubs, restaurants +
  • Easy walking distance to Reading town centre, station, Royal Berkshire Hospital and university +
  • In East Reading conservation area +
  • Excellent first home or investment +

Located in central Reading, in the East Reading conservation area, is this delightful, bright and airy, upper floor apartment. It offers pleasant, southerly facing, rear views of the church from the living room. The property has two bedrooms, an open-plan kitchen-living room, family bathroom, store cupboard and an allocated parking space, with secure electronically operated gates. The flat is double-glazed and has gas central heating. Pleasingly, the property is offered with a share of the freehold, and reasonable ground rent and maintenance charges.

It is in a great location, just a short walk to the centre of town, Reading station, the Royal Berkshire Hospital and Reading University. This side of town offers easier access to the M4 via the A329m. The flat also has two highly rated, local Reading pubs on its doorstep.

Parking - Allocated space via electronically operated gates.

Additional Information: - Part A
Lease information.

Years remaining: 129
Service charge: £1482.60 pa
Ground rent: £150 pa

Part B
Property construction – Standard form
Services:
Gas – mains Yes
Water – mains Yes
Drainage – mains Yes
Electricity – mains Yes
Heating - Gas central heating Yes

Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)
Superfast - Fibre to the cabinet (FTTC)
Standard - ADSL/copper wire

Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”

Part C

Under the terms of the lease no pets are allowed.

The property is located in a conservation area.

The property is located on the second floor.

Agent Details

Haslams Estate Agents, Reading

0118 230 1217

Next Steps?

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