2 Bed Flat, Single Let, Reading, RG1 5DG £260,000

Shelley Court, London Road, Reading RG1 5DG - a year ago

Sold STC

Leasehold

BTL

ROI: 3%

~59 m²

ValuationOvervalued

Sold Prices	£85.5K - £410K
Sold Prices/m²	£1.1K/m² - £5.5K/m²

Square Metres	~59 m²
Price/m²	£4.4K/m²
Value Estimate	£227,014£227,014

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£65,000£65,000
Stamp Duty & Legal Fees	£17,200£17,200
Total Cash In	£82,200£82,200

Cash Out
Rent Range	£850 - £2,790£850 - £2,790
Rent Estimate	£1,300
Running Costs/mo	£1,093£1,093
Cashflow/mo	£208£208
Cashflow/yr	£2,490£2,490
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £85.5K to £410K, average is £248.9K. £1.1K/m² to £5.5K/m², average is £3.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£245K	01/25	0.11 mi	Wrenbury Court, Eldon Road, Reading RG1 4DL	£3,719	66	2	Flat
£247.8K	11/21	0.23 mi	Flat 7, Greys Court, Sidmouth Street, Reading RG1 4PP	-	-	2	Flat
£330K	06/21	0.24 mi	Flat 22, Q2, Watlington Street, Reading RG1 4AY	£4,352	76	2	Flat
£245K	12/22	0.26 mi	Flat 15, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£283K	02/23	0.26 mi	Flat 2, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£410K	02/25	0.28 mi	Blakes Quay, 48, Gas Works Road, Reading RG1 3EN	£4,977	82	2	Flat
£388.1K	01/25	0.28 mi	Blakes Quay, 43, Gas Works Road, Reading RG1 3EN	£4,312	90	2	Flat
£255K	07/25	0.29 mi	1, Grantley Heights, Kennet Side, Reading RG1 3EG	-	-	2	Flat
£405K	03/25	0.3 mi	10, 47 Queen's Wharf, Queens Road, Reading RG1 4QE	£3,682	110	2	Flat
£85.5K	03/25	0.34 mi	110, The Meridian, Kenavon Drive, Reading RG1 3DP	£1,140	75	2	Flat
£275K	05/23	0.34 mi	78, Kennet Walk, Reading RG1 3GF	£3,125	88	2	Flat
£295K	04/23	0.35 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	0.35 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£230K	03/25	0.39 mi	28, Farringdon Court, Reading RG1 5NT	£4,182	55	2	Flat
£117.5K	03/25	0.4 mi	19, 115 Blenheim Court, London Street, Reading RG1 4PH	£2,304	51	2	Flat
£300K	02/25	0.4 mi	55 Stirling House, Flat 6, Silver Street, Reading RG1 2SU	£4,286	70	2	Flat
£230K	09/21	0.41 mi	Flat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS	-	-	2	Flat
£288K	03/25	0.42 mi	Flat 35, 6, Oscar Wilde Road, Reading RG1 3FG	£4,056	71	2	Flat
£146K	06/21	0.42 mi	6, Robert Parker Road, Reading RG1 3FN	£1,718	85	2	Flat
£358K	03/25	0.43 mi	Flat 21, 4, Palmer Street, Reading RG1 3GY	£5,508	65	2	Flat
£295K	03/25	0.43 mi	Flat 21, 8, Oscar Wilde Road, Reading RG1 3FH	£3,734	79	2	Flat
£230K	02/25	0.44 mi	Hieatt Close, 20, Mount Pleasant, Reading RG1 2QH	£3,333	69	2	Flat
£188K	07/23	0.47 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	2	Flat
£240K	09/21	0.51 mi	10, Southern Hill, Reading RG1 5ES	£4,706	51	2	Flat
£240K	07/21	0.55 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£261.5K	02/23	0.56 mi	1, Westerham Walk, Reading RG2 0BA	-	-	2	Flat
£250.1K	12/24	0.57 mi	Morton Court, 5, Christchurch Road, Reading RG2 7BB	£3,848	65	2	Flat
£290K	02/25	0.58 mi	83, Luscinia View, Reading RG1 8AE	£3,973	73	2	Flat
£256.5K	12/24	0.61 mi	Morton Court, 20, Christchurch Road, Reading RG2 7BB	£3,946	65	2	Flat
£285K	01/25	0.63 mi	16, Oaklands, Reading RG1 5RW	£4,914	58	2	Flat
£122K	10/24	0.64 mi	Marlborough House, Flat 5, Northcourt Avenue, Reading RG2 7BH	£2,392	51	2	Flat
£130K	02/25	0.64 mi	Marlborough House, Flat 9, Northcourt Avenue, Reading RG2 7BH	£2,453	53	2	Flat
£290K	12/22	0.66 mi	Flat 36, Milward Court, Warwick Road, Reading RG2 7BG	-	-	2	Flat
£253K	06/25	0.67 mi	3, Riverside House, Fobney Street, Reading RG1 6BH	£3,721	68	2	Flat
£253K	06/25	0.67 mi	3, Riverside House, Fobney Street, Reading RG1 6BH	-	-	2	Flat
£130K	02/25	0.68 mi	Milward Court, Flat 37, Warwick Road, Reading RG2 7BG	£2,031	64	2	Flat
£255K	02/23	0.69 mi	1, Haywood Court, Reading RG1 3QF	£3,295	77	2	Flat
£170K	01/23	0.69 mi	Flat 48, Lynden Mews, Dale Road, Reading RG2 0AT	-	-	2	Flat
£200K	03/25	0.71 mi	5, Fobney Street, Reading RG1 6BY	£4,762	42	2	Flat
£265K	09/21	0.73 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£220K	06/21	0.74 mi	47, Tippett Rise, Reading RG2 0DJ	£3,056	72	2	Flat
£195K	03/23	0.74 mi	104, Tippett Rise, Reading RG2 0DZ	£2,786	70	2	Flat
£300K	06/21	0.75 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£190K	05/25	0.76 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	£3,585	53	2	Flat
£190K	05/25	0.76 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	-	-	2	Flat
£368K	03/25	0.77 mi	5 9 Riverside View, Flat 67, Berkeley Avenue, Reading RG1 6FH	£4,973	74	2	Flat
£180K	06/23	0.78 mi	Flat 19, Icon House, Merchants Place, Reading RG1 1EQ	-	-	2	Flat
£220K	06/25	0.8 mi	183a, Elgar Road, Reading RG2 0DH	-	-	2	Flat
£220K	06/25	0.8 mi	183a, Elgar Road, Reading RG2 0DH	£3,188	69	2	Flat
£101.4K	02/23	0.81 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat

Local Rents

50 rents from £850/mo to £2.8K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,550	07/24	0 mi	-	2	Flat
£1,800	07/25	0 mi	-	2	Flat
£1,550	07/25	0 mi	-	2	Flat
£1,450	07/24	0 mi	-	2	Flat
£1,600	07/24	0 mi	-	2	Flat
£1,400	05/25	0 mi	-	2	Flat
£1,450	07/24	0 mi	Shelley Court, Reading, RG1	2	Flat
£1,600	07/24	0 mi	Reading, Reading, RG1	2	Flat
£1,550	08/25	0.01 mi	Shelley Court, 46 London Road, Reading, Berkshire, RG1	2	Flat
£1,450	08/25	0.01 mi	Shelley Court, London Road, Reading, RG1	2	Flat
£1,550	07/25	0.01 mi	Shelley Court, 46 London Road, Reading, Berkshire, RG1	2	Flat
£1,650	07/24	0.01 mi	Shelley Court, 46 London Road, Reading, Berkshire, RG1	2	Flat
£1,450	08/25	0.01 mi	London Road, Reading, RG1	2	Flat
£1,425	11/25	0.01 mi	Shelley Court, London Road, Reading, RG1	2	Flat
£1,395	08/25	0.02 mi	Shelley Court, London Road, Reading	2	Flat
£1,400	07/25	0.02 mi	London Road, Reading, RG1	2	Flat
£1,400	09/25	0.02 mi	London Road, Reading, RG1	2	Flat
£1,350	11/25	0.03 mi	London Road, Reading, RG1	2	Flat
£1,450	10/25	0.05 mi	Erleigh Road, Reading, Berkshire, RG1	2	Flat
£1,450	10/25	0.06 mi	Dean House, Erleigh Road, Reading	2	Flat
£1,350	06/25	0.06 mi	Erleigh Road, Reading, Berkshire, RG1	2	Flat
£1,800	05/25	0.07 mi	London Road, Reading, RG1	2	Flat
£1,800	06/25	0.07 mi	London Road, Reading, RG1	2	Flat
£1,800	06/25	0.07 mi	-	2	Flat
£850	08/25	0.07 mi	London Road, Reading, RG1 5AS	2	Flat
£1,400	10/23	0.07 mi	Eldon Square, Reading, Berkshire, RG1	2	Flat
£1,200	07/24	0.07 mi	London Road, Reading, Berkshire, RG1	2	Flat
£1,450	02/25	0.08 mi	-	2	Flat
£1,295	07/25	0.08 mi	Erleigh Road, Reading, Berkshire	2	Flat
£2,790	10/25	0.08 mi	London Road, Reading, RG1	2	Flat
£2,740	10/25	0.08 mi	London Road, Reading, RG1	2	Flat
£1,500	07/24	0.09 mi	22C Eldon Road, Reading, Berkshire, RG1	2	Flat
£1,500	06/25	0.1 mi	Dean House, Erleigh Road, Reading, RG1	2	Flat
£2,700	01/25	0.1 mi	-	2	Semi-Detached House
£2,350	07/24	0.1 mi	-	2	Semi-Detached House
£2,700	08/24	0.1 mi	-	2	Semi-Detached House
£2,700	08/24	0.1 mi	-	2	Semi-Detached House
£1,575	07/24	0.1 mi	Eldon Terrace, Reading, Berkshire, RG1	2	Terraced House
£1,700	07/24	0.11 mi	Reading, Berkshire	2	Terraced House
£1,575	06/25	0.11 mi	Reading, Berkshire	2	Terraced House
£1,600	06/25	0.11 mi	Eldon Terrace, Reading, Berkshire, RG1 4DX	2	Semi-Detached House
£1,600	06/25	0.11 mi	Eldon Terrace, Reading, Berkshire, RG1	2	Flat
£1,400	06/25	0.11 mi	Eldon Place, Reading, Berkshire	2	Terraced House
£1,395	08/25	0.11 mi	-	2	Flat
£1,350	07/24	0.11 mi	Princes Street, Reading, Berkshire, RG1	2	Terraced House
£1,400	08/24	0.11 mi	Princes Street, Reading, Berkshire, RG1	2	Terraced House
£1,400	10/25	0.11 mi	Princes Street, Reading, Berkshire, RG1	2	Terraced House
£1,800	11/25	0.11 mi	-	2	Terraced House
£1,175	07/25	0.11 mi	Eldon Road, Reading, RG1	2	Flat
£1,250	07/24	0.12 mi	London Road, Reading, RG1	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.68 miles away0.68 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.82 miles away0.82 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

Listed for £260,000

January 6, 2025

Floor Plans

Description

Easy access to Reading University +
2 bedrooms +
Re fitted kitchen & Bathroom +
Ensuite shower room +
Allocated bathroom +
Balcony +

Offered to the market is this well-presented apartment situated on the outskirts of Reading town centre providing easy access to Royal Berkshire Hospital, Reading University, local amenities such as shops and public transport links. The property comprises a spacious entrance hall, a living room benefitting from a balcony, 2 double bedrooms, a refitted kitchen, a bathroom, and an ensuite shower room. To the exterior of the property, there is an allocated parking space and communal grounds.

Additional Information: - Parking
There is an allocated parking space

Part A
Lease information.
Years remaining:100
Service charge: £1711.52 pa
Ground rent: £150 pa
Ground rent review period: Every 25 years, in line with RPI, next review 2049

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

Broadband connection available (information obtained from Ofcom):
Superfast - Fibre to the cabinet (FTTC)

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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