2 Bed Flat, Single Let, Reading, RG4 6LE, £260,000

Ruskin, Henley Road, Caversham, Reading, RG4 6LE - 4 months ago

Leasehold
BTL
ROI: 2%
~62 m²
+12 photos

ValuationFair Value

Sold Prices£146K - £367.5K
Sold Prices/m²£1.7K/m² - £5.7K/m²

 

 

Square Metres

~62.10 m²
Price/m²£4.2K/m²

Value Estimate

£256,006

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£17,200

Total Cash In

£82,200

 

 

Cash Out

 

Rent Range

£1,200 - £3,000

Rent Estimate

£1,250

Running Costs/mo

£1,083

Cashflow/mo

£168

Cashflow/yr

£2,010

ROI

2%

Gross Yield

6%

Local Sold Prices

28 sold prices from £146K to £367.5K, average is £252.5K. £1.7K/m² to £5.7K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£240K06/210.2 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.2 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.2 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.2 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.2 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£185K12/200.24 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£200K06/210.35 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.35 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£270.9K10/220.36 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.36 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.36 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£367.5K02/210.46 mi6, George Close, Caversham, Reading RG4 5EW2
£255K03/210.59 mi35, Field View, Caversham, Reading RG4 5HD2
£350K02/210.6 mi19, Lomond Avenue, Caversham, Reading RG4 6PL2
£265K10/220.72 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£227.5K09/210.73 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.73 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.73 mi14, Waller Court, Caversham, Reading RG4 6DB2
£230K05/210.75 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£250K10/220.8 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£262.5K09/210.9 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.9 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£250K06/210.91 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.91 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£295K02/230.93 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£330K01/230.93 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£146K06/210.94 mi6, Robert Parker Road, Reading RG1 3FN2
£285K06/230.94 mi12, Emmer Green Court, Caversham, Reading RG4 6NQ2

Local Rents

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

RentDateDistanceAddressBeds 
£1,25007/240 miRuskin, Henley Road, Reading, Berkshire, RG42
£1,65007/240.25 mi-2
£1,65012/240.28 mi-2
£1,55001/250.28 mi-2
£1,59012/240.31 mi-2
£1,69904/250.33 mi-2
£1,30012/240.36 miMeadow Way, Caversham2
£1,30012/240.36 miMeadow Way, Caversham2
£1,30012/240.36 miMeadow Way, Caversham, Reading, Berkshire, RG42
£3,00012/240.37 mi-2
£1,50012/240.38 miStar Road, Caversham, Reading2
£1,50012/240.38 mi-2
£1,20007/240.41 miPipers Gate, Star Road, Caversham, Reading, RG42
£1,25012/240.41 miPipers Gate, Star Road, Caversham, Reading, RG42
£1,39507/240.42 miMilestone View Court 2
£1,60012/240.43 miDickens Close, Caversham, Reading2
£1,50007/240.46 miGeorge Close, Grosvenor Road, Caversham2
£1,35012/240.49 miWillow Court2
£1,35012/240.49 miBriants Avenue, Caversham, Reading2
£1,70012/240.57 mi-2
£1,70012/240.57 miSend Road, Caversham, Reading2
£1,65002/240.6 mi-2
£1,45012/240.61 miArdler Road, Caversham2
£1,40012/240.62 miFry Court, 11A Derby Road, Caversham, Reading, RG42

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.58 miles away

Nearest school

0.30 miles away

Nearest train station

1.23 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 £260,000

February 12, 2025

Listed for £280,000

December 26, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Secure Entrance +
  • Allocated Parking +
  • Ideal Investment Or First Time Purchase +
  • Council Tax Band C +
  • Lift +

Offered to the market in immaculate condition is this impressive two double bedroom ground floor apartment built in 2005.

The spacious accommodation comprises; entrance hall, open planned lounge/diner with a new kitchen installed in 2022, family bathroom and two double bedrooms with the master benefitting from an ensuite.

Externally there is an allocated parking space with multiple visitors spaces, communal garden and a secure entry system.

Further benefits include new carpets, lift, new heating system and double glazing.

Located within 1.6 miles from Reading town centre which provides the mainline railway station, 1 mile from Caversham high street and its array of amenities, a short walk to Henley Road shopping parade, within popular school catchments and on local bus routes servicing the surrounding areas.

This property would make an 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 £230 p/a
Service charge £1236 p/a
133 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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