2 Bed Flat, Single Let, Reading, RG4 7RE, £594,950

Treetops, Caversham, RG4 7RE - 3 months ago

BTL

~68 m²

+16 photos

ValuationOvervalued

Sold Prices	£180K - £585K
Sold Prices/m²	£3K/m² - £5.7K/m²

Square Metres	~68.11 m²
Price/m²	£8.7K/m²
Value Estimate	£305,549£305,549

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£148,738£148,738
Stamp Duty & Legal Fees	£36,296£36,296
Total Cash In	£185,034£185,034

Cash Out
Rent Range	£1,250 - £3,280£1,250 - £3,280
Rent Estimate	£1,295
Running Costs/mo	£2,138£2,138
Cashflow/mo	£-843£-843
Cashflow/yr	£-10,119£-10,119
Gross Yield	3%3%

Local Sold Prices

39 sold prices from £180K to £585K, average is £265K. £3K/m² to £5.7K/m², average is £4.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£490K	05/21	0.01 mi	Flat 5, Treetops, The Mount, Caversham, Reading RG4 7RE	-	-	2	Flat
£485K	06/21	0.01 mi	Flat 10, Treetops, The Mount, Caversham, Reading RG4 7RE	-	-	2	Flat
£585K	03/23	0.01 mi	Flat 9, Treetops, The Mount, Caversham, Reading RG4 7RE	-	-	2	Flat
£243.5K	12/20	0.09 mi	Flat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG	-	-	2	Flat
£350K	10/22	0.3 mi	57, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,375	80	2	Flat
£395K	10/20	0.3 mi	37, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,389	90	2	Flat
£269K	06/21	0.3 mi	4, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,419	61	2	Flat
£277K	03/21	0.3 mi	2, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,397	63	2	Flat
£295K	03/21	0.3 mi	20, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£330K	04/23	0.3 mi	45, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£340K	02/23	0.32 mi	11, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£257.5K	05/21	0.35 mi	Flat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY	-	-	2	Flat
£335K	12/22	0.38 mi	9, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£250K	06/21	0.47 mi	Flat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY	-	-	2	Flat
£265K	05/21	0.47 mi	Flat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY	-	-	2	Flat
£229.9K	01/21	0.49 mi	187, Hemdean Road, Caversham, Reading RG4 7QX	£4,693	49	2	Flat
£330K	01/23	0.55 mi	86, Elliots Way, Caversham, Reading RG4 8BF	£5,593	59	2	Flat
£295K	02/23	0.55 mi	74, Elliots Way, Caversham, Reading RG4 8BF	£5,673	52	2	Flat
£300K	04/21	0.55 mi	Flat 18, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£363K	06/23	0.55 mi	Flat 57, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£250K	12/20	0.56 mi	63, Sheridan Avenue, Caversham, Reading RG4 7QB	£5,112	49	2	Flat
£227.5K	09/21	0.57 mi	2, Waller Court, Caversham, Reading RG4 6DB	£5,417	42	2	Flat
£260K	02/21	0.57 mi	28, Waller Court, Caversham, Reading RG4 6DB	£4,017	65	2	Flat
£230K	03/21	0.57 mi	14, Waller Court, Caversham, Reading RG4 6DB	£4,107	56	2	Flat
£262.5K	09/21	0.57 mi	91, Elliots Way, Caversham, Reading RG4 8BW	£5,250	50	2	Flat
£265K	03/21	0.57 mi	71, Elliots Way, Caversham, Reading RG4 8BW	£5,528	48	2	Flat
£250K	10/22	0.59 mi	94, Gosbrook Road, Caversham, Reading RG4 8BJ	-	-	2	Flat
£198K	12/20	0.6 mi	59b, Cardiff Road, Reading RG1 8ET	£3,143	63	2	Flat
£230K	05/21	0.63 mi	168, Gosbrook Road, Caversham, Reading RG4 8BJ	£3,538	65	2	Flat
£265K	10/22	0.7 mi	140, Gosbrook Road, Caversham, Reading RG4 8BJ	£5,000	53	2	Flat
£395K	01/21	0.7 mi	Flat 6, Avenue House, Upper Warren Avenue, Caversham, Reading RG4 7EF	-	-	2	Flat
£234K	10/20	0.72 mi	Flat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY	-	-	2	Flat
£255K	03/21	0.74 mi	35, Field View, Caversham, Reading RG4 5HD	£4,554	56	2	Flat
£185K	03/21	0.74 mi	19, Regency Heights, Caversham, Reading RG4 7RH	£2,984	62	2	Flat
£215K	04/23	0.85 mi	23, Stratheden Place, Reading RG1 7BH	£3,839	56	2	Flat
£250K	02/21	0.89 mi	Flat 21, Projection West, Merchants Place, Reading RG1 1ET	-	-	2	Flat
£180K	06/23	0.89 mi	Flat 19, Icon House, Merchants Place, Reading RG1 1EQ	-	-	2	Flat
£367.5K	02/21	0.91 mi	6, George Close, Caversham, Reading RG4 5EW	£5,034	73	2	Flat
£215K	10/21	0.95 mi	29, Bedford Road, Reading RG1 7EU	£3,468	62	2	Flat

Local Rents

50 rents from £1.3K/mo to £3.3K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	12/24	0 mi	Treetops, Caversham, Reading	2	Flat
£2,200	12/24	0 mi	Treetops, The Mount, Caversham, Reading, Berkshire, RG4	2	Flat
£2,150	12/24	0.07 mi	Treetops, The Mount, Reading	2	Flat
£1,400	07/24	0.11 mi	2 Auburn Court	2	Flat
£1,500	12/24	0.14 mi	-	2	Flat
£1,800	01/25	0.15 mi	-	2	Flat
£1,300	02/24	0.28 mi	-	2	Flat
£1,250	07/24	0.3 mi	St. Martins Precinct, Church Street, Caversham, Reading, RG4	2	Flat
£1,375	07/24	0.3 mi	Abbotsmead Place, Wolsey Road, Caversham, Reading, RG4	2	Flat
£1,700	01/24	0.31 mi	-	2	Terraced House
£1,750	07/24	0.32 mi	Caversham, Reading	2	Flat
£1,375	12/24	0.32 mi	-	2	Flat
£1,750	12/24	0.32 mi	Riverside Court, Caversham, Reading	2	Flat
£1,695	07/24	0.32 mi	Riverside Court, Caversham	2	Flat
£1,450	07/24	0.32 mi	Abbotsmead Place	2	Flat
£1,650	03/25	0.36 mi	-	2	Terraced House
£1,275	07/24	0.38 mi	Randolph Road	2	Detached House
£1,350	09/24	0.38 mi	Randolph Road	2	Semi-Detached House
£1,395	08/24	0.41 mi	Denbeigh Place	2	Semi-Detached House
£1,300	07/24	0.42 mi	Caversham Road, Reading	2	Flat
£1,350	07/24	0.42 mi	Caversham Road, Reading	2	Flat
£1,400	07/24	0.43 mi	-	2	Flat
£1,750	12/24	0.43 mi	North Street, Caversham	2	Terraced House
£1,650	12/24	0.43 mi	-	2	Terraced House
£1,550	04/25	0.44 mi	-	2	Terraced House
£1,295	07/24	0.46 mi	Kidmore Road, Caversham, Reading, Berkshire, RG4	2	Flat
£1,400	04/25	0.47 mi	-	2	Flat
£1,350	09/24	0.51 mi	-	2	Terraced House
£1,350	08/24	0.51 mi	Swansea Road, Reading, RG1	2	Terraced House
£1,295	07/24	0.51 mi	Ash Court, Balmore Park, Reading	2	Flat
£1,800	07/24	0.52 mi	Dellwood Park, Caversham, Berkshire, RG4	2	Flat
£1,295	02/25	0.53 mi	-	2	Flat
£1,450	12/24	0.53 mi	Charlotte Close, Caversham, Reading, RG4	2	Flat
£1,795	07/24	0.54 mi	Regents Riverside, Brigham Road, Reading, Berkshire, RG1	2	Flat
£1,580	10/24	0.54 mi	-	2	Terraced House
£1,600	08/24	0.54 mi	Swansea Road, Reading, RG1	2	Terraced House
£1,350	12/24	0.54 mi	-	2	Flat
£2,000	02/24	0.55 mi	-	2	Flat
£3,280	10/24	0.55 mi	-	2	Flat
£1,695	07/24	0.55 mi	Regents Riverside	2	Flat
£3,280	07/24	0.55 mi	Regents Riverside, Reading, Berkshire	2	Flat
£1,600	07/24	0.55 mi	De Montfort Road, Reading	2	Flat
£1,600	08/24	0.55 mi	Regents Riverside, Brigham Road, Reading, Berkshire, RG1	2	Flat
£1,700	07/24	0.56 mi	Regents Riverside, Brigham Road, Reading, RG1	2	Flat
£1,650	07/24	0.56 mi	Regents Riverside, Brigham Road, Reading, RG1	2	Flat
£1,525	11/24	0.56 mi	-	2	Terraced House
£1,525	10/24	0.57 mi	-	2	Terraced House
£1,550	04/25	0.57 mi	-	2	Terraced House
£1,500	12/24	0.58 mi	Tamesis Place, Patrick Road, Caversham	2	Flat
£1,400	07/24	0.58 mi	Cardiff Road, Caversham	2	Flat

Local Area Statistics

Population in RG4	39,16039,160
Population in Reading	321,187321,187
Town centre distance	1.21 miles away1.21 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.81 miles away0.81 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+35%+35%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+13%+13%

Property History

Listed for £594,950

January 14, 2025

Floor Plans

Description

Stunning ground floor apartment +
Wrap round private garden +
Gated entrance +
Close to Caversham Court +
Internal lift +
Lounge/diner with French doors to garden +
Two double bedrooms +
No onward chain! +

Rare and unique to the market is this stunning two bedroom apartment situated within a prestigious development featuring level ground floor access whilst enjoying panoramic southerly views to the rear. Within striking distance of Reading station and moments from Caversham the River Thames.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Bridges Estate Agents, Caversham

0118 230 1725

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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