2 Bed Flat, Single Let, Reading, RG4 5LY, £240,000

Meadow Way, Caversham, Reading, RG4 5LY - 1 views - 2 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£146K - £407.5K
Sold Prices/m²£1.7K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£297,216
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£1,200 - £3,000

Rent Estimate

£1,250

Running Costs/mo

£1,020

Cashflow/mo

£230

Cashflow/yr

£2,760

ROI

4%

Gross Yield

6%

Local Sold Prices

43 sold prices from £146K to £407.5K, average is £265K. £1.7K/m² to £5.7K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£185K12/200.03 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£200K06/210.08 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.08 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£270.9K10/220.09 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.09 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.09 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£240K06/210.18 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.18 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.18 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.18 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.18 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£367.5K02/210.53 mi6, George Close, Caversham, Reading RG4 5EW2
£265K10/220.54 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£230K05/210.59 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£255K03/210.59 mi35, Field View, Caversham, Reading RG4 5HD2
£250K10/220.64 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£227.5K09/210.65 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.65 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.65 mi14, Waller Court, Caversham, Reading RG4 6DB2
£146K06/210.68 mi6, Robert Parker Road, Reading RG1 3FN2
£262.5K09/210.72 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.72 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£295K02/230.75 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£330K01/230.75 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£275K05/230.76 mi78, Kennet Walk, Reading RG1 3GF2
£407.5K10/200.86 miFlat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS2
£350K02/210.87 mi19, Lomond Avenue, Caversham, Reading RG4 6PL2
£335K12/220.88 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£300K04/210.88 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.88 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£250K06/210.89 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.89 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£229K01/210.92 mi29 Compass House, South Street, Reading RG1 4GQ2
£340K02/230.93 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/220.94 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200.94 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.94 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.94 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.94 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.94 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£245K12/220.94 miFlat 15, The Pinnacle, Kings Road, Reading RG1 4LY2
£283K02/230.94 miFlat 2, The Pinnacle, Kings Road, Reading RG1 4LY2
£330K06/210.97 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2

Local Rents

50 rents from £1.2K/mo to £3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,59012/240.07 mi-2
£1,30012/240.09 miMeadow Way, Caversham2
£1,30012/240.09 miMeadow Way, Caversham2
£1,30012/240.09 miMeadow Way, Caversham, Reading, Berkshire, RG42
£3,00012/240.1 mi-2
£1,60012/240.18 miDickens Close, Caversham, Reading2
£1,50012/240.23 miStar Road, Caversham, Reading2
£1,50012/240.23 mi-2
£1,20007/240.23 miPipers Gate, Star Road, Caversham, Reading, RG42
£1,25012/240.23 miPipers Gate, Star Road, Caversham, Reading, RG42
£1,25007/240.27 miRuskin, Henley Road, Reading, Berkshire, RG42
£1,35012/240.27 miWillow Court2
£1,35012/240.28 miBriants Avenue, Caversham, Reading2
£1,70012/240.32 mi-2
£1,70012/240.33 miSend Road, Caversham, Reading2
£1,30012/240.43 mi-2
£1,35012/240.44 miKings Road, Caversham, Reading2
£1,45012/240.46 miArdler Road, Caversham2
£1,65007/240.48 miQueens Road, Caversham, Reading, Berkshire, RG42
£1,60002/240.49 mi-2
£1,67512/240.5 miKings Road, Reading, Berkshire, RG42
£1,40012/240.5 miKings Road, Caversham2
£1,60007/240.5 miQueens Road, Caversham, RG42
£1,65007/240.52 mi-2
£1,65003/250.52 mi-2
£1,70003/250.52 mi-2
£1,65002/240.52 mi-2
£1,65007/240.52 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,69510/230.52 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,59508/240.53 miNapier Road2
£1,55010/230.53 miNapier Road, Reading, Berkshire, RG12
£1,50007/240.53 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,50007/240.54 miGeorge Close, Grosvenor Road, Caversham2
£1,65012/240.54 mi-2
£1,55001/250.54 mi-2
£1,44507/240.55 miLuscinia View2
£1,69510/230.56 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,60007/240.56 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£2,50003/250.56 mi-2
£1,65007/240.56 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,35007/240.56 miSouth View Avenue, Caversham2
£1,60007/240.56 miLuscinia View, Reading2
£1,59508/240.56 miNapier Road, Reading2
£1,60009/240.57 miLuscinia View, Reading, RG12
£1,50011/240.57 mi-2
£1,70003/250.57 mi-2
£1,70007/240.57 miNapier Road, Reading, RG12
£2,80012/240.57 mi-2
£1,60007/240.57 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,45007/240.57 miLuscinia View, Napier Road, Reading, Berkshire, RG12

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.32 miles away

Nearest school

0.50 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £240,000

January 22, 2025

Floor Plans

Description

  • Two bedrooms +
  • One bathroom +
  • Popular development +
  • Residents parking +
  • Great access to Reading Train Station +
  • Close to Caversham Centre +

Situated with great access to Caversham town centre, Romans are delighted to present this attractive apartment in the popular Meadow Way development, brought to the market with no onward chain.

The property comprises two good sized bedrooms, a spacious living area, a kitchen and bathroom. The property also boasts a secure entry system.

The apartment further benefits from allocated parking, communal grounds and having excellent access to Reading Mainline Station.

SC - £1965
GR - £86.45
LEASE - 129 Years Remaining

Agent Details

Romans, Caversham

0118 230 5128

Next Steps?

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