2 Bed Terraced House, Single Let, Reading, RG2 7PH, £235,000

Northumberland Avenue, Reading, Berkshire, RG2 7PH - 3 months ago

Auction

BTL

ROI: 5%

~64 m²

+5 photos

ValuationUndervalued

Sold Prices	£215K - £425K
Sold Prices/m²	£3.4K/m² - £6.3K/m²

Square Metres	~64.13 m²
Price/m²	£3.7K/m²
Value Estimate	£284,268£284,268
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£58,750£58,750
Stamp Duty & Legal Fees	£15,150£15,150
Total Cash In	£73,900£73,900

Cash Out
Rent Range	£1,250 - £3,989£1,250 - £3,989
Rent Estimate	£1,295
Running Costs/mo	£1,013£1,013
Cashflow/mo	£282£282
Cashflow/yr	£3,380£3,380
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £215K to £425K, average is £300.5K. £3.4K/m² to £6.3K/m², average is £4.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£280K	03/23	0.07 mi	91, Callington Road, Reading RG2 7QG	£4,746	59	2	Terraced House
£365K	11/22	0.09 mi	8, Landrake Crescent, Reading RG2 8AJ	£6,293	58	2	Semi-Detached House
£355K	12/22	0.1 mi	4, Blagdon Road, Reading RG2 7NN	£5,810	61	2	Terraced House
£333K	02/23	0.15 mi	67, Brixham Road, Reading RG2 7RB	£4,897	68	2	Terraced House
£265K	08/21	0.15 mi	87, Brixham Road, Reading RG2 7RB	£4,492	59	2	Terraced House
£270K	06/21	0.19 mi	7, Merrivale Gardens, Reading RG2 8AR	£3,699	73	2	Semi-Detached House
£265K	03/21	0.2 mi	45, Ashmore Road, Reading RG2 8AG	£4,344	61	2	Terraced House
£270K	04/21	0.21 mi	40, Lamerton Road, Reading RG2 8AS	-	-	2	Semi-Detached House
£270K	03/21	0.21 mi	53, Lamerton Road, Reading RG2 8AS	£4,412	61	2	Semi-Detached House
£255K	02/21	0.21 mi	43, Lamerton Road, Reading RG2 8AS	£4,179	61	2	Semi-Detached House
£310K	03/23	0.22 mi	58, Ashburton Road, Reading RG2 7PE	£5,254	59	2	Semi-Detached House
£325K	07/23	0.25 mi	13, Padstow Gardens, Reading RG2 8BB	£5,359	61	2	Semi-Detached House
£315K	06/23	0.27 mi	28, Merton Road South, Reading RG2 8AX	-	-	2	Semi-Detached House
£270K	02/21	0.27 mi	13, Kingston Gardens, Reading RG2 7SH	£3,913	69	2	Semi-Detached House
£242K	04/21	0.28 mi	57, Ashburton Road, Reading RG2 7PA	£4,321	56	2	Semi-Detached House
£407K	02/23	0.33 mi	44, Birdhill Avenue, Reading RG2 7JU	£4,240	96	2	Semi-Detached House
£301K	12/22	0.37 mi	22, Yelverton Road, Reading RG2 7SU	£4,934	61	2	Terraced House
£420K	10/22	0.38 mi	91, Birdhill Avenue, Reading RG2 7JU	-	-	2	Detached House
£320K	06/23	0.42 mi	48, Long Barn Lane, Reading RG2 7SX	-	-	2	Terraced House
£275K	06/21	0.43 mi	175, Northumberland Avenue, Reading RG2 7PX	-	-	2	Semi-Detached House
£370K	01/23	0.47 mi	92, Longships Way, Reading RG2 0FZ	£5,691	65	2	Terraced House
£262K	05/21	0.47 mi	41, Salcombe Road, Reading RG2 7LH	£4,295	61	2	Terraced House
£347.5K	05/21	0.49 mi	561, Basingstoke Road, Reading RG2 0SH	£4,920	71	2	Semi-Detached House
£276K	07/21	0.5 mi	45, Staverton Road, Reading RG2 7LL	£4,525	61	2	Terraced House
£313K	02/23	0.52 mi	1, Greenfields Road, Reading RG2 8SE	£3,771	83	2	Semi-Detached House
£325K	03/23	0.55 mi	5, Greenfields Road, Reading RG2 8SF	-	-	2	Semi-Detached House
£256K	04/21	0.55 mi	80, Linden Road, Reading RG2 7EH	£3,938	65	2	Terraced House
£275K	12/20	0.55 mi	70, Linden Road, Reading RG2 7EH	£3,618	76	2	Terraced House
£265K	05/21	0.57 mi	286, Basingstoke Road, Reading RG2 0HN	-	-	2	Terraced House
£330K	06/23	0.57 mi	24, Puffin Way, Reading RG2 0GT	£5,077	65	2	Semi-Detached House
£335K	07/23	0.59 mi	6, Farrowdene Road, Reading RG2 8SD	£4,454	75	2	Semi-Detached House
£360K	12/22	0.6 mi	16, Hazel Crescent, Reading RG2 7ND	£3,830	94	2	Semi-Detached House
£303K	06/21	0.6 mi	12, Lindisfarne Way, Reading RG2 0GS	£4,887	62	2	Terraced House
£305K	06/21	0.61 mi	22, Hazel Crescent, Reading RG2 7ND	£3,961	77	2	Semi-Detached House
£300K	01/21	0.61 mi	34, Hazel Crescent, Reading RG2 7ND	£4,110	73	2	Semi-Detached House
£292K	02/21	0.61 mi	83, Winton Road, Reading RG2 8HL	£5,123	57	2	Semi-Detached House
£360K	03/23	0.63 mi	108, Winton Road, Reading RG2 8HL	-	-	2	Semi-Detached House
£348K	11/22	0.64 mi	14, Linden Road, Reading RG2 7EQ	-	-	2	Semi-Detached House
£260K	11/21	0.65 mi	Flat 503, Cygnet House, Drake Way, Reading RG2 0NX	-	-	2	Terraced House
£280K	06/21	0.66 mi	512, Northumberland Avenue, Reading RG2 8NY	£4,375	64	2	Semi-Detached House
£330K	10/21	0.66 mi	518, Northumberland Avenue, Reading RG2 8NY	-	-	2	Semi-Detached House
£335K	07/21	0.67 mi	19, Heatherden Close, Reading RG2 8SB	£4,527	74	2	Semi-Detached House
£333K	12/22	0.69 mi	9, Cedar Road, Reading RG2 7ER	£4,467	75	2	Terraced House
£280K	03/21	0.71 mi	27, Lincoln Road, Reading RG2 0EX	£3,889	72	2	Terraced House
£225K	03/21	0.71 mi	16, Ashby Court, Reading RG2 8PG	£4,083	55	2	Terraced House
£215K	09/21	0.79 mi	44, Emmbrook Court, Reading RG6 5TZ	£3,387	63	2	Detached House
£282K	05/21	0.83 mi	34, Woodside Way, Reading, Wokingham RG2 8SX	£3,917	72	2	Semi-Detached House
£292K	08/21	0.83 mi	24, Dovecote Road, Reading RG2 8UJ	£4,867	60	2	Semi-Detached House
£299.5K	04/23	0.84 mi	15, Shirley Avenue, Reading RG2 8TE	-	-	2	Semi-Detached House
£425K	08/23	0.84 mi	9, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	£5,986	71	2	Semi-Detached House

Local Rents

49 rents from £1.3K/mo to £4K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	02/24	0.14 mi	-	2	Semi-Detached House
£1,400	03/25	0.14 mi	-	2	Semi-Detached House
£1,600	03/25	0.15 mi	-	2	Semi-Detached House
£1,500	03/25	0.16 mi	-	2	Terraced House
£1,750	03/25	0.16 mi	-	2	Semi-Detached House
£1,450	09/24	0.2 mi	Ashmore Road, Reading, Berkshire, RG2	2	Semi-Detached House
£1,500	07/24	0.21 mi	Lamerton Road, Reading, Berkshire, RG2	2	Terraced House
£1,400	02/25	0.25 mi	-	2	Terraced House
£1,500	04/25	0.28 mi	-	2	Terraced House
£1,450	04/25	0.28 mi	-	2	Terraced House
£1,450	04/25	0.28 mi	-	2	Terraced House
£1,400	04/25	0.38 mi	-	2	Flat
£1,700	08/24	0.39 mi	-	2	Terraced House
£1,700	08/24	0.39 mi	Hartland Road, Reading, RG2	2	Terraced House
£1,295	07/24	0.39 mi	Flat 3, 51 Cressingham Road	2	Flat
£1,295	07/24	0.4 mi	Cressingham Road	2	Flat
£1,300	07/24	0.48 mi	Whale Avenue, Reading, RG2	2	Flat
£1,550	09/24	0.48 mi	Heron House, Rushley Way, RG2	2	Flat
£2,500	02/25	0.48 mi	-	2	Flat
£2,500	03/25	0.48 mi	-	2	Flat
£1,550	07/24	0.48 mi	Palmerston House, 3 Aran Walk, Reading, Berkshire, RG2	2	Flat
£1,650	08/24	0.48 mi	Havergate Way, Kennet Island, RG2	2	Semi-Detached House
£1,600	09/24	0.48 mi	-	2	Flat
£1,500	10/24	0.48 mi	-	2	Flat
£1,500	10/24	0.48 mi	-	2	Flat
£1,600	07/24	0.5 mi	Puffin Way, Reading, RG2	2	Semi-Detached House
£1,550	09/24	0.5 mi	Puffin Way, Reading, RG2	2	Semi-Detached House
£1,425	04/25	0.51 mi	-	2	Flat
£1,550	07/24	0.52 mi	Heron House, Rushley Way, Reading, Berkshire, RG2	2	Flat
£1,500	09/24	0.52 mi	Havergate Way, Kennet Island	2	Terraced House
£1,500	08/24	0.53 mi	Rushley Way, Reading, Berkshire, RG2	2	Flat
£1,550	07/24	0.53 mi	Heron House, Kennet Island	2	Flat
£1,850	02/24	0.53 mi	-	2	Detached House
£1,950	09/24	0.53 mi	-	2	Detached House
£1,950	01/25	0.53 mi	-	2	Detached House
£1,900	04/25	0.53 mi	-	2	Flat
£1,600	09/24	0.53 mi	Kennett Island, Reading	2	Terraced House
£1,550	07/24	0.55 mi	Gweal Avenue, Reading, Berkshire, RG2	2	Flat
£1,600	03/25	0.55 mi	-	2	Flat
£3,989	10/24	0.55 mi	-	2	Flat
£3,599	12/24	0.55 mi	-	2	Flat
£1,250	03/25	0.55 mi	-	2	Flat
£1,400	07/24	0.55 mi	Havergate Way, Reading, RG2	2	Flat
£1,400	07/24	0.55 mi	Heron House, Rushley Way, Reading, Berkshire, RG2	2	Flat
£1,400	07/24	0.55 mi	-	2	Flat
£1,450	04/25	0.55 mi	-	2	Flat
£1,300	08/24	0.55 mi	Havergate Way, Reading, RG2	2	Flat
£1,450	07/24	0.55 mi	Whale Avenue, Reading, Berkshire, RG2	2	Flat
£1,350	02/24	0.55 mi	-	2	Flat

Local Area Statistics

Population in RG2	36,86636,866
Population in Reading	321,187321,187
Town centre distance	1.69 miles away1.69 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.66 miles away1.66 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 £235,000

March 20, 2025

Price changed to £230,000

February 4, 2025

Listed for £240,000

January 23, 2025

Floor Plans

Description

Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
Two Bedrooms +
End of Terrace +
Off Street Allocated Parking +
Garden +
Close to Local Amenities +

Offered to the market with no onward chain is this well-presented two bedroom end of terrace house. Situated on Northumberland Avenue providing easy access to a wide range of local amenities including schools, shops, transport links and the Reading Town Centre.

The property offers light and spacious accommodation comprising: entrance hallway, an open-plan living/dining area, & kitchen downstairs, whilst upstairs there are two bedrooms and a family bathroom. The property also benefits from a good-sized garden and allocated parking. Viewing is recommended.

Council Tax Band: C
Tenure: Freehold