2 Bed Flat, Single Let, Reading, RG2 7DZ, £210,000

Mansell Court, Shinfield Road, Reading, Berkshire, RG2 7DZ - 1 views - 3 months ago

Sold STC

Leasehold

BTL

ROI: 5%

~68 m²

ValuationUndervalued

Sold Prices	£97.5K - £305K
Sold Prices/m²	£1.9K/m² - £5.1K/m²

Square Metres	~68.11 m²
Price/m²	£3.1K/m²
Value Estimate	£246,609£246,609
BMV	17%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£52,500£52,500
Stamp Duty & Legal Fees	£13,400£13,400
Total Cash In	£65,900£65,900

Cash Out
Rent Range	£1,150 - £1,650£1,150 - £1,650
Rent Estimate	£1,189
Running Costs/mo	£914£914
Cashflow/mo	£275£275
Cashflow/yr	£3,299£3,299
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

30 sold prices from £97.5K to £305K, average is £213.8K. £1.9K/m² to £5.1K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£210K	12/22	0.11 mi	38, Emmbrook Court, Reading RG6 5TZ	£3,538	59	2	Flat
£195K	12/22	0.11 mi	14, Emmbrook Court, Reading RG6 5TZ	-	-	2	Flat
£220K	08/21	0.11 mi	19, Emmbrook Court, Reading RG6 5TZ	£4,000	55	2	Flat
£252.5K	06/21	0.16 mi	1a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	-	-	2	Flat
£242K	07/23	0.16 mi	14a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	-	-	2	Flat
£305K	12/22	0.16 mi	6, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	£5,147	59	2	Flat
£191K	09/21	0.22 mi	5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	£3,183	60	2	Flat
£150K	09/22	0.22 mi	27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	-	-	2	Flat
£100K	06/21	0.44 mi	90, Windermere Road, Reading RG2 7HR	£1,887	53	2	Flat
£155K	06/21	0.51 mi	48, Windermere Road, Reading RG2 7HP	£3,049	51	2	Flat
£210K	02/21	0.54 mi	16, Burdett Court, Reading RG2 7HY	£3,621	58	2	Flat
£205K	02/23	0.54 mi	14, Burdett Court, Reading RG2 7HY	£3,920	52	2	Flat
£175K	01/21	0.59 mi	32, Larks Meade, Earley, Reading, Wokingham RG6 5TA	£3,182	55	2	Flat
£202K	01/21	0.59 mi	48, Larks Meade, Earley, Reading, Wokingham RG6 5TA	£3,673	55	2	Flat
£150K	10/22	0.59 mi	27, Larks Meade, Earley, Reading, Wokingham RG6 5TA	-	-	2	Flat
£130K	10/22	0.59 mi	51, Larks Meade, Earley, Reading, Wokingham RG6 5TA	-	-	2	Flat
£215K	08/21	0.82 mi	10, Fakenham Close, Lower Earley, Reading, Wokingham RG6 4AB	£3,644	59	2	Flat
£270K	06/23	0.87 mi	2, Felthorpe Close, Lower Earley, Reading, Wokingham RG6 4AF	-	-	2	Flat
£228K	06/23	0.91 mi	19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR	£3,462	66	2	Flat
£97.5K	11/22	0.91 mi	Flat 16, Southglade, Whitley Wood Road, Reading RG2 8JS	-	-	2	Flat
£220K	09/21	0.91 mi	44, Perigee, Shinfield, Reading, Wokingham RG2 9FT	-	-	2	Flat
£290K	12/22	0.91 mi	Flat 36, Milward Court, Warwick Road, Reading RG2 7BG	-	-	2	Flat
£212.5K	04/21	0.94 mi	Second Floor Flat, 20, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£215K	06/23	0.94 mi	First Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£230K	12/22	0.94 mi	Ground Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£240K	09/21	0.96 mi	10, Southern Hill, Reading RG1 5ES	£4,706	51	2	Flat
£255K	11/20	0.96 mi	32, Southern Hill, Reading RG1 5ES	£4,165	61	2	Flat
£200K	03/21	0.99 mi	26, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,846	52	2	Flat
£219K	09/21	0.99 mi	6, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,590	61	2	Flat
£227.5K	06/21	0.99 mi	4, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,482	65	2	Flat

Local Rents

38 rents from £1.1K/mo to £1.6K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	07/24	0.01 mi	Mansell Court, Reading, RG2	2	Flat
£1,500	08/24	0.01 mi	-	2	Flat
£1,450	04/25	0.01 mi	-	2	Flat
£1,350	07/24	0.1 mi	Devonshire Park, Reading	2	Flat
£1,500	01/25	0.11 mi	-	2	Semi-Detached House
£1,650	12/24	0.2 mi	-	2	Semi-Detached House
£1,450	09/24	0.21 mi	Linden Road, Reading, Berkshire, RG2	2	Terraced House
£1,395	09/24	0.22 mi	-	2	Flat
£1,350	08/24	0.22 mi	Langdale Gardens, Earley, Reading, RG6	2	Flat
£1,550	07/24	0.29 mi	Elm Road, Earley, Reading, Berkshire, RG6	2	Flat
£1,450	07/24	0.29 mi	Elm Road, Earley, Reading, Berkshire, RG6	2	Flat
£1,300	02/25	0.3 mi	-	2	Flat
£1,300	03/25	0.3 mi	-	2	Flat
£1,430	08/24	0.33 mi	Copperdale Close, Earley, Reading, RG6	2	Flat
£1,350	08/24	0.33 mi	-	2	Flat
£1,200	07/24	0.34 mi	Downham Court, Shinfield Road, Reading, Berkshire, RG2	2	Flat
£1,200	07/24	0.34 mi	-	2	Flat
£1,250	09/24	0.34 mi	Downham Court, Shinfield Road, Reading, Berkshire, RG2	2	Flat
£1,395	08/24	0.34 mi	-	2	Flat
£1,395	10/24	0.34 mi	-	2	Flat
£1,150	01/25	0.34 mi	-	2	Flat
£1,200	07/24	0.35 mi	Shinfield Road, Reading, RG2	2	Flat
£1,195	08/24	0.36 mi	Newstead Rise, Reading, Berkshire, RG2	2	Flat
£1,500	02/24	0.38 mi	-	2	Flat
£1,500	12/24	0.38 mi	-	2	Flat
£1,295	07/24	0.38 mi	Cressingham Road	2	Flat
£1,295	07/24	0.39 mi	Flat 3, 51 Cressingham Road	2	Flat
£1,250	07/24	0.44 mi	Windermere Road, Reading, RG2	2	Flat
£1,400	03/25	0.49 mi	-	2	Flat
£1,200	04/25	0.5 mi	-	2	Semi-Detached House
£1,200	07/24	0.51 mi	Windermere Road, Reading, Berkshire, RG2	2	Flat
£1,650	09/24	0.52 mi	-	2	Terraced House
£1,500	07/24	0.53 mi	Avenue Heights, Reading	2	Flat
£1,500	10/23	0.56 mi	Shinfield Road, Reading, Berkshire, RG2	2	Flat
£1,400	08/24	0.56 mi	Frieth Close, Earley, Reading, Berkshire, RG6	2	Terraced House
£1,400	01/25	0.57 mi	-	2	Terraced House
£1,400	02/24	0.62 mi	-	2	Semi-Detached House
£1,400	03/25	0.62 mi	-	2	Semi-Detached House

Local Area Statistics

Population in RG2	36,86636,866
Population in Reading	321,187321,187
Town centre distance	1.83 miles away1.83 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.41 miles away1.41 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

Price changed to £210,000

March 12, 2025

Listed for £225,000

January 22, 2025

Floor Plans

Description

Ground Floor Apartment +
Ample Parking For Residents And Visitors +
Ideal First Time Or Investment Purchase +
Bay Fronted Living Room +
Close To Wokingham And Reading Town Centre +
No Onward Chain +

NO ONWARD CHAIN COMPLICATIONS

Set within a popular development to the South of Reading and within easy reach of both Reading and Wokingham town centres, this ground floor apartment has recently had the lease renewed.

Ideal for first time buyers and investment buyers alike, the accommodation briefly comprises: entrance hall, a modern shower room, two double bedrooms, separate fitted kitchen and a bay fronted living room with doors leading on to a patio and the communal grounds.

Externally, the building is set back from the road and there is ample parking for residents and visitors, as well as secure telecom entry system.

Close to Reading University and transport links, the property is perfect for anyone looking to commute in to the city via Reading’s unrivalled transport links.

Agent Details

Prospect Estate Agency, Reading

0118 230 3819

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC