2 Bed Flat, Refurb/BRRR, Reading, RG4 6ND, £210,000

Lowfield Road, Caversham, Reading, Berkshire, RG4 6ND - 4 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~51 m²
+5 photos

ValuationFair Value

Sold Prices£146K - £480K
Sold Prices/m²£1.7K/m² - £8K/m²

 

 

Square Metres

~50.86 m²
Price/m²£4.1K/m²

Value Estimate

£209,669

 

 

End Value (After Refurb)

£285,000

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£13,400

Refurb Costs

£23,616

Bridging Loan Interest

£5,513

Total Cash In

£96,779

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£285,000

Agent Fees (1%)

£2,850

Bridging Loan

£157,500

Bridging Loan Interest

£5,513

Flip Profit

£27,871

Local Sold Prices

50 sold prices from £146K to £480K, average is £265K. £1.7K/m² to £8K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£350K02/210.28 mi19, Lomond Avenue, Caversham, Reading RG4 6PL2
£240K06/210.62 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.62 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.62 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.62 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.62 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£185K12/200.68 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£367.5K02/210.7 mi6, George Close, Caversham, Reading RG4 5EW2
£200K06/210.78 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.78 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£270.9K10/220.79 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.79 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.79 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£285K06/230.85 mi12, Emmer Green Court, Caversham, Reading RG4 6NQ2
£255K03/210.87 mi35, Field View, Caversham, Reading RG4 5HD2
£171K10/220.98 mi7, Unity Court, Emmer Green, Reading RG4 8LQ2
£227.5K09/211.06 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/211.06 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/211.06 mi14, Waller Court, Caversham, Reading RG4 6DB2
£480K01/231.07 mi14, Lyefield Court, Emmer Green, Reading RG4 8AP2
£422.5K11/211.08 mi18, Lyefield Court, Emmer Green, Reading RG4 8AP2
£420K02/231.08 mi7, Lyefield Court, Emmer Green, Reading RG4 8AP2
£265K10/221.12 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£230K05/211.14 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£407.5K10/201.15 miFlat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS2
£250K06/211.16 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/211.16 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£250K10/221.18 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£229.9K01/211.24 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£262.5K09/211.29 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/211.29 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£295K02/231.32 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£330K01/231.32 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£146K06/211.36 mi6, Robert Parker Road, Reading RG1 3FN2
£335K12/221.39 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/221.43 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/201.43 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/211.43 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/211.43 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/211.43 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/231.43 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£340K02/231.44 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£275K05/231.44 mi78, Kennet Walk, Reading RG1 3GF2
£250K12/201.48 mi63, Sheridan Avenue, Caversham, Reading RG4 7QB2
£300K04/211.48 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/231.48 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£255K02/231.52 mi1, Haywood Court, Reading RG1 3QF2
£245K12/221.59 miFlat 15, The Pinnacle, Kings Road, Reading RG1 4LY2
£283K02/231.59 miFlat 2, The Pinnacle, Kings Road, Reading RG1 4LY2
£229K01/211.61 mi29 Compass House, South Street, Reading RG1 4GQ2

Local Rents

48 rents from £1.2K/mo to £3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,39507/240.05 miMilestone View Court 2
£1,65012/240.21 mi-2
£1,55001/250.21 mi-2
£1,65007/240.24 mi-2
£1,25007/240.44 miRuskin, Henley Road, Reading, Berkshire, RG42
£1,30012/240.64 miQueensway, Caversham, Reading2
£1,50007/240.69 miGeorge Close, Grosvenor Road, Caversham2
£1,59012/240.75 mi-2
£1,30012/240.79 miMeadow Way, Caversham2
£1,30012/240.79 miMeadow Way, Caversham2
£1,30012/240.79 miMeadow Way, Caversham, Reading, Berkshire, RG42
£1,50012/240.8 miStar Road, Caversham, Reading2
£1,50012/240.8 mi-2
£3,00012/240.8 mi-2
£2,85012/240.82 miEmmer Green Court, Reading, Berkshire2
£1,30007/240.82 miLowfield Road2
£1,50011/240.84 mi-2
£1,20007/240.84 miPipers Gate, Star Road, Caversham, Reading, RG42
£1,25012/240.84 miPipers Gate, Star Road, Caversham, Reading, RG42
£1,60012/240.87 miDickens Close, Caversham, Reading2
£1,40012/240.88 miFry Court, 11A Derby Road, Caversham, Reading, RG42
£1,65002/240.89 mi-2
£1,35012/240.92 miWillow Court2
£1,30004/250.92 mi-2
£1,35012/240.93 miBriants Avenue, Caversham, Reading2
£1,29512/240.93 miDerby Road, Caversham2
£1,45012/241.01 miArdler Road, Caversham2
£1,70012/241.01 mi-2
£1,70012/241.01 miSend Road, Caversham, Reading2
£1,35007/241.06 miSouth View Avenue, Caversham2
£1,60002/241.07 mi-2
£1,35012/241.08 miKings Road, Caversham, Reading2
£1,30012/241.08 mi-2
£1,29507/241.1 miAsh Court, Balmore Park, Reading2
£1,60002/241.12 mi-2
£1,67512/241.12 miKings Road, Reading, Berkshire, RG42
£1,40012/241.12 miKings Road, Caversham2
£1,65007/241.13 miQueens Road, Caversham, Reading, Berkshire, RG42
£1,40003/251.16 mi-2
£1,60007/241.18 miQueens Road, Caversham, RG42
£1,65003/251.22 mi-2
£1,70003/251.22 mi-2
£1,65002/241.22 mi-2
£1,65007/241.23 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,69510/231.23 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,59508/241.23 miNapier Road2
£1,55010/231.23 miNapier Road, Reading, Berkshire, RG12
£1,50007/241.24 miLuscinia View, Napier Road, Reading, Berkshire, RG12

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

2.02 miles away

Nearest school

0.30 miles away

Nearest train station

1.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £210,000

February 28, 2025

Price changed to £220,000

February 8, 2025

Listed for £230,000

December 19, 2024

Floor Plans

Description

  • Two Bedrooms +
  • Communal Gardens +
  • Residents Parking +
  • Family Bathroom +
  • Popular Location +
  • Great First Time Purchase Or Investment +

A two bedroom ground floor apartment situated within the ever popular Caversham Park Village. The accommodation comprises; spacious entrance hall, family bathroom, kitchen, large open planned lounge/diner and two bedrooms. Externally, this property benefits from a communal garden, residents parking and a secure entry system.

Located within 2.3 miles from Reading town centre which provides the mainline railway with its fast links into London, 1.8 miles from Caversham high street with its range of amenities, within popular school catchments and on the doorstep of Caversham lakes.

This property is in need of some modernisation but would make the ideal first time purchase or investment.

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

Council Tax Band C (Reading Borough Council)

Ground rent £200 p/a
Service charge £1394 p/a
98 years remaining on the lease

The above information may be subject to change during the transaction period.

Agent Details

Parkers, Caversham

0118 230 0603

Next Steps?

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