2 Bed Flat, Single Let, Reading, RG2 0FU, £9,250,000

1-31 Harlequin House, Padworth Avenue, Reading, RG2 0FU - 4 months ago

Leasehold

BTL

~68 m²

+20 photos

ValuationOvervalued

Sold Prices	£97.5K - £305K
Sold Prices/m²	£1.9K/m² - £5.4K/m²

Square Metres	~68.11 m²
Price/m²	£135.8K/m²
Value Estimate	£240,999£240,999

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£2,312,500£2,312,500
Stamp Duty & Legal Fees	£1,299,950£1,299,950
Total Cash In	£3,612,450£3,612,450

Cash Out
Rent Range	£1,179 - £3,989£1,179 - £3,989
Rent Estimate	£1,350
Running Costs/mo	£29,196£29,196
Cashflow/mo	£-27,846£-27,846
Cashflow/yr	£-334,155£-334,155
Gross Yield	0%0%

Local Sold Prices

50 sold prices from £97.5K to £305K, average is £220K. £1.9K/m² to £5.4K/m², average is £3.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£250K	03/23	0.18 mi	Flat 10, Lundy House, Drake Way, Reading RG2 0GQ	-	-	2	Flat
£172.5K	07/21	0.22 mi	Flat 48, Thorney House, Drake Way, Reading RG2 0GZ	-	-	2	Flat
£285K	01/21	0.81 mi	3, The Brookmill, Reading RG1 6DD	£5,377	53	2	Flat
£210K	02/21	0.82 mi	16, Burdett Court, Reading RG2 7HY	£3,621	58	2	Flat
£205K	02/23	0.82 mi	14, Burdett Court, Reading RG2 7HY	£3,920	52	2	Flat
£200K	11/20	0.85 mi	Top Floor Flat, 183a, Elgar Road, Reading RG2 0DH	-	-	2	Flat
£195K	03/23	0.85 mi	104, Tippett Rise, Reading RG2 0DZ	£2,786	70	2	Flat
£155K	06/21	0.87 mi	48, Windermere Road, Reading RG2 7HP	£3,049	51	2	Flat
£220K	06/21	0.87 mi	47, Tippett Rise, Reading RG2 0DJ	£3,056	72	2	Flat
£100K	06/21	0.87 mi	90, Windermere Road, Reading RG2 7HR	£1,887	53	2	Flat
£290K	12/22	0.91 mi	Flat 36, Milward Court, Warwick Road, Reading RG2 7BG	-	-	2	Flat
£170K	01/23	0.94 mi	Flat 48, Lynden Mews, Dale Road, Reading RG2 0AT	-	-	2	Flat
£261.5K	02/23	0.95 mi	1, Westerham Walk, Reading RG2 0BA	-	-	2	Flat
£189.9K	05/21	1.04 mi	Flat 6, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£168K	06/21	1.04 mi	Flat 1, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£225K	04/21	1.04 mi	Flat 9, Charnwood House, Rembrandt Way, Reading RG1 6QR	-	-	2	Flat
£208K	03/21	1.06 mi	4, St Pauls Court, Reading RG1 6HF	£3,782	55	2	Flat
£240K	09/21	1.11 mi	10, Southern Hill, Reading RG1 5ES	£4,706	51	2	Flat
£255K	11/20	1.11 mi	32, Southern Hill, Reading RG1 5ES	£4,165	61	2	Flat
£230K	09/21	1.13 mi	Flat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS	-	-	2	Flat
£145K	11/20	1.16 mi	4, Katesgrove Lane, Reading RG1 2ND	£2,042	71	2	Flat
£97.5K	11/22	1.17 mi	Flat 16, Southglade, Whitley Wood Road, Reading RG2 8JS	-	-	2	Flat
£188K	07/23	1.26 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	2	Flat
£300K	06/21	1.26 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£240K	07/21	1.29 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£101.4K	02/23	1.31 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£265K	09/21	1.32 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£210K	12/22	1.33 mi	38, Emmbrook Court, Reading RG6 5TZ	£3,538	59	2	Flat
£195K	12/22	1.33 mi	14, Emmbrook Court, Reading RG6 5TZ	-	-	2	Flat
£220K	08/21	1.33 mi	19, Emmbrook Court, Reading RG6 5TZ	£4,000	55	2	Flat
£229K	01/21	1.35 mi	29 Compass House, South Street, Reading RG1 4GQ	£3,053	75	2	Flat
£252.5K	06/21	1.38 mi	1a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	-	-	2	Flat
£242K	07/23	1.38 mi	14a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	-	-	2	Flat
£305K	12/22	1.38 mi	6, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	£5,147	59	2	Flat
£247.8K	11/21	1.41 mi	Flat 7, Greys Court, Sidmouth Street, Reading RG1 4PP	-	-	2	Flat
£191K	09/21	1.42 mi	5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	£3,183	60	2	Flat
£150K	09/22	1.42 mi	27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	-	-	2	Flat
£215K	06/23	1.46 mi	First Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£230K	12/22	1.46 mi	Ground Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£212.5K	04/21	1.46 mi	Second Floor Flat, 20, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£295K	04/23	1.48 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	1.48 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£228K	06/23	1.49 mi	19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR	£3,462	66	2	Flat
£220K	09/21	1.51 mi	44, Perigee, Shinfield, Reading, Wokingham RG2 9FT	-	-	2	Flat
£160K	05/21	1.54 mi	345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY	£2,888	55	2	Flat
£220K	12/22	1.54 mi	345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY	£3,971	55	2	Flat
£217.5K	12/20	1.55 mi	3, Greenwich Road, Shinfield, Reading, Wokingham RG2 9FJ	£3,346	65	2	Flat
£238K	07/21	1.55 mi	20, Ashdene Gardens, Reading RG30 2EP	£3,306	72	2	Flat
£228K	05/21	1.55 mi	19, Ashdene Gardens, Reading RG30 2EP	£3,314	69	2	Flat
£260K	02/23	1.55 mi	7, Ashdene Gardens, Reading RG30 2EP	£4,382	59	2	Flat

Local Rents

50 rents from £1.2K/mo to £4K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,179	08/24	0.03 mi	Bedwyn Mews, Reading, Berkshire, RG2	2	Flat
£1,495	10/23	0.03 mi	Montagu House, Padworth Avenue, Reading, Berkshire, RG2	2	Flat
£1,500	08/24	0.03 mi	-	2	Flat
£1,600	03/25	0.03 mi	-	2	Flat
£1,550	07/24	0.03 mi	Drake Way, Reading, RG2	2	Flat
£1,549	12/24	0.03 mi	-	2	Flat
£1,695	10/23	0.04 mi	Montagu House, Padworth Avenue, Reading, Berkshire, RG2	2	Flat
£1,600	07/24	0.04 mi	Nightingale House, Drake Way, Kennet Island	2	Flat
£1,500	07/24	0.04 mi	Drake Way, Reading, RG2	2	Flat
£1,495	07/24	0.05 mi	Harlequin House, Padworth Avenue, Reading, RG2	2	Flat
£1,495	08/24	0.05 mi	Harlequin House, Padworth Avenue, Reading, RG2	2	Flat
£1,500	09/24	0.06 mi	Osprey House, Bedwyn Mews, Reading, Berkshire, RG2	2	Flat
£1,725	02/25	0.06 mi	-	2	Flat
£1,500	07/24	0.06 mi	Osprey House, Bedwyn Mews, Reading, Berkshire, RG2	2	Flat
£1,600	09/24	0.06 mi	Osprey House, Bedwyn Mews, Reading, RG2	2	Flat
£1,595	01/25	0.06 mi	-	2	Flat
£1,500	07/24	0.06 mi	Drake Way, Reading, Berkshire, RG2	2	Flat
£1,550	08/24	0.06 mi	Skylark House, Drake Way, Reading, RG2	2	Flat
£1,500	09/24	0.06 mi	Skylark House, Drake Way, Reading, RG2	2	Flat
£1,495	07/24	0.06 mi	Peregrine House, Bedwyn Mews, Reading, RG2	2	Flat
£1,700	07/24	0.06 mi	Skylark House, Drake Way, Reading, Berkshire, RG2	2	Flat
£1,600	07/24	0.07 mi	Montagu House, Padworth Avenue, Reading, RG2	2	Flat
£1,550	09/24	0.07 mi	Harlequin House, Padworth Avenue, Reading, RG2	2	Flat
£1,600	07/24	0.07 mi	Drake Way, Reading, Berkshire, RG2	2	Flat
£1,600	09/24	0.07 mi	Skylark House, Kennet Island	2	Flat
£1,500	07/24	0.07 mi	Skylark House, Drake Way	2	Flat
£1,600	08/24	0.07 mi	Skylark House, Kennet Island	2	Flat
£1,650	07/24	0.07 mi	Drake Way, Reading, RG2	2	Flat
£1,450	07/24	0.08 mi	Greenham Avenue, Reading, RG2	2	Flat
£1,450	08/24	0.08 mi	Cygnet House, Drake Way, Reading, RG2	2	Flat
£1,700	02/24	0.09 mi	-	2	Flat
£1,525	07/24	0.1 mi	Cygnet House, Drake Way, Reading, RG2	2	Flat
£1,600	09/24	0.1 mi	Cygnet House, Kennet Island	2	Flat
£1,400	07/24	0.11 mi	Heron House, Rushley Way, Reading, Berkshire, RG2	2	Flat
£1,550	07/24	0.11 mi	Gweal Avenue, Reading, Berkshire, RG2	2	Flat
£1,350	02/24	0.12 mi	-	2	Flat
£1,450	07/24	0.13 mi	Whale Avenue, Reading, Berkshire, RG2	2	Flat
£1,400	07/24	0.13 mi	Merrick House, Kennet Island	2	Flat
£1,200	07/24	0.13 mi	Kennet Island, Reading	2	Flat
£1,600	09/24	0.13 mi	Kennett Island, Reading	2	Terraced House
£1,650	09/24	0.13 mi	Lindisfarne Way, Reading, RG2	2	Terraced House
£1,450	07/24	0.13 mi	Cygnet House, Drake Way, Reading, RG2	2	Flat
£1,600	07/24	0.13 mi	Puffin Way, Reading, RG2	2	Semi-Detached House
£1,550	09/24	0.13 mi	Puffin Way, Reading, RG2	2	Semi-Detached House
£1,450	07/24	0.14 mi	Drake Way, Reading	2	Flat
£1,500	08/24	0.14 mi	Cygnet House, Drake Way, RG2	2	Flat
£1,500	09/24	0.15 mi	Havergate Way, Kennet Island	2	Terraced House
£3,989	10/24	0.17 mi	-	2	Flat
£3,599	12/24	0.17 mi	-	2	Flat
£1,250	03/25	0.17 mi	-	2	Flat

Local Area Statistics

Population in RG2	36,86636,866
Population in Reading	321,187321,187
Town centre distance	1.35 miles away1.35 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.18 miles away1.18 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-3%-3%

Property History

Listed for £9,250,000

December 30, 2024

Floor Plans

Description

Investment opportunity +
Ten year NHBC warranty +
FREE David Phillips furniture pack +
Allocated parking +
Remaining lease on all flats 981 years +

Investment opportunity approximately 2.5 miles from central Reading's mainline station.
Harlequin House is located within the favoured Kennet Island development by Berkeley Homes, and comprises 8 x1 bedroom and 22 x 2 bedroom apartments let with individual tenancies currently producing a gross rental of £481,980 pa. The apartments all benefit from allocated parking spaces and are set within impressive communal grounds with a central piazza and amenities. Boasting excellent transport links with easy access to jnct 11 of M4, a dedicated bus service to Readings' mainline station and the newly opened station at Green Park is within 0.9 mile.
The development incorporates the Circle private hospital, a BMW dealership and Hilton Hotel and is within easy reach of Green Park business centre.

Epc's - Please refer to the EPC register online for all EPC's using postcode RG2 0FU.

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 💪

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2 Bed Flat, Single Let, Reading, RG2 0FU, £9,250,000

ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents