2 Bed Flat, Single Let, Reading, RG1 3DQ £299,950

Kenavon Drive, Reading, RG1 3DQ - 10 months ago
Sold STC
Leasehold
BTL
ROI: 3%
~76 m²
Property image

ValuationUndervalued

Sold Prices£85.5K - £410K
Sold Prices/m²£1.1K/m² - £5.7K/m²

 

 

Square Metres

~76.40 m²
Price/m²£3.9K/m²

Value Estimate

£309,904
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£74,988

Stamp Duty & Legal Fees

£21,195

Total Cash In

£96,183

 

 

Cash Out

 

Rent Range

£1,400 - £1,990

Rent Estimate

£1,500

Running Costs/mo

£1,257

Cashflow/mo

£243

Cashflow/yr

£2,912

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £85.5K to £410K, average is £258.3K. £1.1K/m² to £5.7K/m², average is £4.1K/m².

Price
Date
Distance
Address
Beds
 
£85.5K03/250 mi110, The Meridian, Kenavon Drive, Reading RG1 3DP2
£410K02/250.06 miBlakes Quay, 48, Gas Works Road, Reading RG1 3EN2
£388.1K01/250.06 miBlakes Quay, 43, Gas Works Road, Reading RG1 3EN2
£275K05/230.12 mi78, Kennet Walk, Reading RG1 3GF2
£288K03/250.13 miFlat 35, 6, Oscar Wilde Road, Reading RG1 3FG2
£358K03/250.13 miFlat 21, 4, Palmer Street, Reading RG1 3GY2
£295K03/250.14 miFlat 21, 8, Oscar Wilde Road, Reading RG1 3FH2
£146K06/210.17 mi6, Robert Parker Road, Reading RG1 3FN2
£330K06/210.19 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2
£255K07/250.2 mi1, Grantley Heights, Kennet Side, Reading RG1 3EG2
£405K03/250.24 mi10, 47 Queen's Wharf, Queens Road, Reading RG1 4QE2
£245K01/250.25 miWrenbury Court, Eldon Road, Reading RG1 4DL2
£290K02/250.25 mi83, Luscinia View, Reading RG1 8AE2
£295K04/230.32 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.32 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£245K12/220.34 miFlat 15, The Pinnacle, Kings Road, Reading RG1 4LY2
£283K02/230.34 miFlat 2, The Pinnacle, Kings Road, Reading RG1 4LY2
£247.8K11/210.34 miFlat 7, Greys Court, Sidmouth Street, Reading RG1 4PP2
£117.5K03/250.49 mi19, 115 Blenheim Court, London Street, Reading RG1 4PH2
£322K10/240.54 mi25, Send Road, Caversham, Reading RG4 8EH2
£188K07/230.55 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2
£300K02/250.57 mi55 Stirling House, Flat 6, Silver Street, Reading RG1 2SU2
£240K07/210.58 mi11, Deansgate Road, Reading RG1 2RZ2
£180K06/230.6 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£245K07/250.61 mi18b, Coldicutt Street, Caversham, Reading RG4 8DU2
£230K02/250.62 miHieatt Close, 20, Mount Pleasant, Reading RG1 2QH2
£230K09/210.63 miFlat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS2
£230K03/250.65 mi28, Farringdon Court, Reading RG1 5NT2
£253K06/250.66 mi3, Riverside House, Fobney Street, Reading RG1 6BH2
£253K06/250.66 mi3, Riverside House, Fobney Street, Reading RG1 6BH2
£270.9K10/220.7 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.7 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.7 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£200K03/250.7 mi5, Fobney Street, Reading RG1 6BY2
£200K06/210.72 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£265K09/210.72 mi34, Swan Place, Reading RG1 6QD2
£265K10/220.73 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£255K02/230.74 mi1, Haywood Court, Reading RG1 3QF2
£300K06/210.76 miFlat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS2
£295K01/250.76 miRegents Riverside, Flat 8, Brigham Road, Reading RG1 8QS2
£363K06/230.76 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£262.5K09/210.76 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£295K02/230.78 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£330K01/230.78 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£261.5K02/230.8 mi1, Westerham Walk, Reading RG2 0BA2
£101.4K02/230.8 mi23, Talbot Court, Reading RG1 6QH2
£250K10/220.81 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£285K01/250.82 mi16, Oaklands, Reading RG1 5RW2
£190K05/250.84 mi41, Capital Point, Temple Place, Reading RG1 6QJ2
£190K05/250.84 mi41, Capital Point, Temple Place, Reading RG1 6QJ2

Local Rents

50 rents from £1.4K/mo to £2K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,40011/250 miKenavon Drive, Reading, Berkshire, RG12
£1,65009/250 miThe Meridian, Reading, RG12
£1,60008/240 mi-2
£1,60009/240 mi-2
£1,60009/240 mi-2
£1,62512/240 mi-2
£1,75001/250 mi-2
£1,67509/250 mi-2
£1,65010/250 mi-2
£1,60010/250 mi-2
£1,70008/240 miThe Meridian, Reading, RG1 3DP2
£1,75011/250 miKenavon Drive, Reading, Berkshire, RG12
£1,50011/250 miKenavon Drive, Reading, Berkshire, RG12
£1,70010/250 miKenavon Drive, Reading, RG12
£1,50007/240.01 miThe Meridian,Reading2
£1,80007/240.01 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,62505/250.01 miThe Meridian, Kenavon Drive, Reading2
£1,60007/240.01 miThe Meridian, Kenavon Drive2
£1,70007/240.01 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,50006/250.01 miThe Meridian, Reading, Berkshire, RG12
£1,55011/250.01 miThe Meridian, Reading, Berkshire, RG12
£1,70008/240.01 miThe Meridian, Reading, RG12
£1,75007/250.01 miKenavon Drive, Reading, RG12
£1,80008/250.01 miThe Meridian, Reading, RG12
£1,55007/240.01 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,85008/250.01 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,70009/240.01 mi-2
£1,60001/250.01 mi-2
£1,75007/250.01 mi-2
£1,75008/250.01 mi-2
£1,80007/240.01 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,50007/240.01 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,80007/240.01 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,65006/250.01 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,75006/250.01 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,65009/250.01 miThe Meridian, Kenavon Drive, Reading, RG12
£1,75007/250.01 miThe Meridian, Kenavon Drive, Reading, RG12
£1,50007/240.01 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,79506/250.01 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,60005/250.01 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,95007/240.02 miCarraway Street, Reading, RG12
£1,85007/240.02 miCarraway Street, Reading, RG12
£1,95008/240.02 miCarraway Street, Reading, RG12
£1,76008/240.02 miCarraway Street, Reading, RG12
£1,85011/250.02 miCarraway Street, Reading, RG12
£1,99009/250.02 miCarraway Street, Reading, RG12
£1,99010/250.02 mi-2
£1,70008/240.03 miMERIDIAN , Kenavon Drive, Town Centre2
£1,50007/240.03 miThe Meridian, Kenavon Drive, Reading, Berkshire, RG12
£1,85007/240.05 miJoseph Huntley Walk, Reading, RG12

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.66 miles away

Nearest school

0.20 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+9%

Property History

Price changed to £299,950

March 28, 2025

Price changed to £320,000

February 24, 2025

Listed for £340,000

January 21, 2025

Sold for £248,500

2006

Sold for £250,000

2004

Floor Plans

Property image

Description

  • Chain Free- No Onward Chain +
  • 2 Bathrooms ( One En Suite Shower Room) +
  • 2 Bedrooms Fourth Floor +
  • Allocated Parking Space +
  • Large Reception -Open Plan Fitted Kitchen +
  • Private Balcony +
  • Long Lease Approx. 104 Years Remaining +
  • Perfect First Time Buy/Rental Investment +
  • Close To Reading Town Centre And Amenities +
  • To Book Your Viewing Go To Purplebricks Web Site +

The Property
CHAIN FREE-ALLOCATED PARKING SPACE-LONG LEASE-

Welcome to this stunning 2 bedroom 2 bathroom (one en- suite shower)

Situated on the fourth floor of the modern purpose built block, the flat offers excellent accommodation , boasting in excess of 800 sq ft.
The property consists of large entrance hallway- double reception room with private balcony, 2 generous bedrooms- one with an en suite shower room, plus an additional fully fitted bathroom.

Allocated covered parking, Private balcony, Gym access, private secure bike storage.

The Meridian is superbly located close to Reading Town centre, with easy access to Reading main line train station, and lovely riverside walks.

To Book your viewing 24/7 go to Purplebricks web site.

Property ownership information

Ground rent review period: No review period

Service charge review period: Every 1 year

Lease end date: 03/07/2129

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Reading

020 3834 7934

Next Steps?

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