2 Bed Flat, Single Let, Reading, RG1 7HD, £225,000

Lion Court, Great Knollys Street, Reading, Berkshire, RG1 7HD - 5 views - 3 months ago

Sold STC

Leasehold

BTL

ROI: 9%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£101.4K - £585K
Sold Prices/m²	£2K/m² - £5.7K/m²

Square Metres	~68.11 m²
Price/m²	£3.3K/m²
Value Estimate	£281,250£281,250
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£7,950£7,950
Total Cash In	£64,200£64,200

Cash Out
Rent Range	£1,350 - £2,138£1,350 - £2,138
Rent Estimate	£1,528
Running Costs/mo	£1,029£1,029
Cashflow/mo	£499£499
Cashflow/yr	£5,991£5,991
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £101.4K to £585K, average is £250K. £2K/m² to £5.7K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£234K	10/20	0.07 mi	Flat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY	-	-	2	Flat
£215K	04/23	0.12 mi	23, Stratheden Place, Reading RG1 7BH	£3,839	56	2	Flat
£198K	12/20	0.16 mi	59b, Cardiff Road, Reading RG1 8ET	£3,143	63	2	Flat
£250K	02/21	0.25 mi	Flat 21, Projection West, Merchants Place, Reading RG1 1ET	-	-	2	Flat
£180K	06/23	0.27 mi	Flat 19, Icon House, Merchants Place, Reading RG1 1EQ	-	-	2	Flat
£215K	10/21	0.3 mi	29, Bedford Road, Reading RG1 7EU	£3,468	62	2	Flat
£257.5K	05/21	0.41 mi	Flat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY	-	-	2	Flat
£300K	04/21	0.42 mi	Flat 18, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£363K	06/23	0.42 mi	Flat 57, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£101.4K	02/23	0.45 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£265K	09/21	0.47 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£300K	06/21	0.52 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£340K	02/23	0.59 mi	11, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£330K	01/23	0.59 mi	86, Elliots Way, Caversham, Reading RG4 8BF	£5,593	59	2	Flat
£295K	02/23	0.59 mi	74, Elliots Way, Caversham, Reading RG4 8BF	£5,673	52	2	Flat
£335K	12/22	0.59 mi	9, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£269K	06/21	0.6 mi	4, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,419	61	2	Flat
£277K	03/21	0.6 mi	2, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,397	63	2	Flat
£295K	03/21	0.6 mi	20, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£330K	04/23	0.6 mi	45, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£350K	10/22	0.61 mi	57, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,375	80	2	Flat
£240K	07/21	0.61 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£262.5K	09/21	0.61 mi	91, Elliots Way, Caversham, Reading RG4 8BW	£5,250	50	2	Flat
£265K	03/21	0.61 mi	71, Elliots Way, Caversham, Reading RG4 8BW	£5,528	48	2	Flat
£145K	11/20	0.64 mi	4, Katesgrove Lane, Reading RG1 2ND	£2,042	71	2	Flat
£229K	01/21	0.66 mi	29 Compass House, South Street, Reading RG1 4GQ	£3,053	75	2	Flat
£295K	04/23	0.69 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	0.69 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£208K	03/21	0.7 mi	4, St Pauls Court, Reading RG1 6HF	£3,782	55	2	Flat
£188K	07/23	0.7 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	2	Flat
£196K	02/21	0.72 mi	19, Baron Court, Reading RG30 2BP	£4,000	49	2	Flat
£250K	10/22	0.73 mi	94, Gosbrook Road, Caversham, Reading RG4 8BJ	-	-	2	Flat
£490K	05/21	0.76 mi	Flat 5, Treetops, The Mount, Caversham, Reading RG4 7RE	-	-	2	Flat
£485K	06/21	0.76 mi	Flat 10, Treetops, The Mount, Caversham, Reading RG4 7RE	-	-	2	Flat
£585K	03/23	0.76 mi	Flat 9, Treetops, The Mount, Caversham, Reading RG4 7RE	-	-	2	Flat
£230K	05/21	0.76 mi	168, Gosbrook Road, Caversham, Reading RG4 8BJ	£3,538	65	2	Flat
£243.5K	12/20	0.77 mi	Flat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG	-	-	2	Flat
£265K	10/22	0.77 mi	140, Gosbrook Road, Caversham, Reading RG4 8BJ	£5,000	53	2	Flat
£225K	03/21	0.78 mi	Flat 9, Evesham House, Battle Square, Reading RG30 1DT	-	-	2	Flat
£216.5K	11/22	0.79 mi	Flat 3, Englefield House, Moulsford Mews, Reading RG30 1ET	-	-	2	Flat
£211K	03/23	0.8 mi	Flat 5, Lansdowne House, Moulsford Mews, Reading RG30 1ER	-	-	2	Flat
£205K	11/20	0.81 mi	Flat 9, Englefield House, Moulsford Mews, Reading RG30 1ET	-	-	2	Flat
£200K	03/21	0.81 mi	Flat 50, Englefield House, Moulsford Mews, Reading RG30 1ET	-	-	2	Flat
£330K	06/21	0.82 mi	Flat 22, Q2, Watlington Street, Reading RG1 4AY	£4,352	76	2	Flat
£247.8K	11/21	0.82 mi	Flat 7, Greys Court, Sidmouth Street, Reading RG1 4PP	-	-	2	Flat
£170K	01/23	0.89 mi	Flat 48, Lynden Mews, Dale Road, Reading RG2 0AT	-	-	2	Flat
£227.5K	09/21	0.91 mi	2, Waller Court, Caversham, Reading RG4 6DB	£5,417	42	2	Flat
£260K	02/21	0.91 mi	28, Waller Court, Caversham, Reading RG4 6DB	£4,017	65	2	Flat
£230K	03/21	0.91 mi	14, Waller Court, Caversham, Reading RG4 6DB	£4,107	56	2	Flat
£230K	09/21	0.92 mi	Flat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS	-	-	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.1K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	10/23	0 mi	Lion Court, Great Knollys Street, Reading, Berkshire, RG1	2	Flat
£1,450	07/24	0.02 mi	Lion Court, Reading	2	Flat
£1,550	10/23	0.02 mi	Lion Court, Great Knollys Street, Reading, Berkshire, RG1	2	Flat
£1,525	10/24	0.02 mi	-	2	Flat
£1,600	01/25	0.02 mi	-	2	Flat
£1,730	12/24	0.05 mi	-	2	Flat
£1,400	07/24	0.06 mi	Regent Court, Reading, RG1	2	Flat
£1,400	07/24	0.06 mi	-	2	Flat
£1,495	10/24	0.06 mi	-	2	Flat
£1,750	12/24	0.06 mi	-	2	Flat
£1,350	07/24	0.06 mi	Regent Court, Reading, Berkshire, RG1	2	Flat
£1,936	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,918	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,898	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£2,135	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,973	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,954	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£2,138	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,914	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,950	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,975	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£2,000	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	07/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,875	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,950	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,975	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,975	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£2,000	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£2,000	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,950	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,875	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,875	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£2,000	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,875	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	09/24	0.06 mi	Weldale Street, Reading, RG1	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.47 miles away0.47 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.29 miles away0.29 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+7%+7%

Property History

Listed for £225,000

January 10, 2025

Floor Plans

Description

No Onward Chain +
Ground Floor +
Close To Reading Station +
Two Double Bedrooms +
Two Bathrooms +
Modern Open Plan Living/Kitchen Area +
Gated Parking +
Balcony +

An exceptional opportunity awaits to acquire a ground floor apartment with no onward chain. This contemporary property boasts two double bedrooms, including a master with ensuite facilities. The open plan kitchen, dining, and living area creates a modern living space, complemented by a private balcony. Residents' parking is available in this purpose-built development. Located in a desirable area, this apartment offers comfort and convenience. With easy access to local amenities and transport links, this property is ideal for individuals or small families seeking a well-maintained home. Book a viewing today and secure this stylish residence for yourself.

Location:
Reading is one of the south east's largest towns only 25 minutes from London by train, with trains running every five minutes or so, Reading is home to many of the city's commuters. Reading also has easy links by road or rail to Swindon, Oxford, Basingstoke, Heathrow and farther afield. Beyond the hive of commercial activity, Reading is nestled in the heart of Royal Berkshire offering beautiful riverside walks on the Thames and tow path ambles on the Kennet and Avon canals and with the nearby Berkshire Downs and Chilterns, beautiful countryside is never far away. Reading offers a rich mix of shops and markets. In the heart of the town, The Oracle combines chic boutiques with department stores such as Debenhams and House of Fraser and within a minute's walk there are many high-street favourites including John Lewis and Marks & Spencer. There are restaurants, cafes and brasseries to suit every taste in Reading. Plus there are numerous bars and restaurants on the Oracle Riverside.
Reading school founded in 1125 is the 16th oldest school in England, there are 6 other state secondary schools along with 37 state primary schools in the borough. In addition there are some well-recognised and top ranked independent and public schools in Reading and its surrounding catchment. Schools such as Leighton Park, Queen Annes, The Abbey, Crosfields, Bradfield College, The Oratory and Bluecoat are just some of the outstanding public schools in the area. Kendrick girls' school is one of the top grammar schools in the UK. Reading University established in 1892 is a 'red brick' and ranked in the top 1% of universities in the world. There are almost 23,000 students from all over the globe.

Agent Details

Winkworth, Reading

0118 230 5501

Next Steps?

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