2 Bed Flat, Single Let, Reading, RG4 8BW, £300,000

7 Prospect Street, Caversham, Reading, RG4 8JB - 2 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 1%
34 m²
+9 photos

ValuationOvervalued

Sold Prices£146K - £585K
Sold Prices/m²£1.7K/m² - £5.7K/m²

 

 

Square Metres

34 m²
Price/m²£8.8K/m²

Value Estimate

£148,986

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£1,250 - £3,280

Rent Estimate

£1,300

Running Costs/mo

£1,218

Cashflow/mo

£83

Cashflow/yr

£990

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £146K to £585K, average is £261.3K. £1.7K/m² to £5.7K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£262.5K09/210.01 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.01 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£295K02/230.04 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£330K01/230.04 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£250K10/220.11 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£230K05/210.15 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£265K10/220.18 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£335K12/220.2 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£300K04/210.2 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.2 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£340K02/230.25 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200.27 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.27 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.27 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.27 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.27 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/220.27 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£227.5K09/210.32 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.32 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.32 mi14, Waller Court, Caversham, Reading RG4 6DB2
£257.5K05/210.42 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£198K12/200.51 mi59b, Cardiff Road, Reading RG1 8ET2
£255K03/210.53 mi35, Field View, Caversham, Reading RG4 5HD2
£234K10/200.54 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£250K06/210.55 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.55 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£180K06/230.55 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£250K02/210.56 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£490K05/210.57 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.57 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.57 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£243.5K12/200.65 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£200K06/210.66 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.66 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£367.5K02/210.67 mi6, George Close, Caversham, Reading RG4 5EW2
£270.9K10/220.69 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.69 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.69 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£240K06/210.69 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.69 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.69 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.69 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.69 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£229.9K01/210.72 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£185K12/200.72 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£215K04/230.74 mi23, Stratheden Place, Reading RG1 7BH2
£146K06/210.8 mi6, Robert Parker Road, Reading RG1 3FN2
£295K04/230.83 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.83 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£275K05/230.83 mi78, Kennet Walk, Reading RG1 3GF2

Local Rents

49 rents from £1.3K/mo to £3.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,65007/240.03 miPatrick Road, Caversham, Reading2
£1,35012/240.04 mi-2
£1,50012/240.04 miTamesis Place, Patrick Road, Caversham2
£1,65007/240.04 miTamesis Place2
£1,65007/240.19 miRegents Riverside, Brigham Road, Reading2
£1,55004/250.19 mi-2
£1,90007/240.19 mi-2
£3,28007/240.2 miRegents Riverside, Reading, Berkshire2
£1,60007/240.2 miDe Montfort Road, Reading2
£2,00002/240.2 mi-2
£3,28010/240.2 mi-2
£1,69507/240.2 miRegents Riverside2
£1,70007/240.2 miRegents Riverside, Brigham Road, Reading, RG12
£1,60008/240.2 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,65007/240.2 miRegents Riverside, Brigham Road, Reading, RG12
£1,35009/240.2 miLynmouth Court, Lynmouth Road2
£1,79507/240.2 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,75012/240.21 miNorth Street, Caversham2
£1,67512/240.22 miKings Road, Reading, Berkshire, RG42
£1,40012/240.22 miKings Road, Caversham2
£1,60002/240.23 mi-2
£1,35007/240.24 miSouth View Avenue, Caversham2
£1,45004/250.24 mi-2
£1,70007/240.25 miNorman Place, Reading, RG12
£1,45007/240.26 miAbbotsmead Place2
£1,37512/240.26 mi-2
£1,65007/240.26 miQueens Road, Caversham, Reading, Berkshire, RG42
£1,37507/240.27 miAbbotsmead Place, Wolsey Road, Caversham, Reading, RG42
£1,25007/240.28 miSt. Martins Precinct, Church Street, Caversham, Reading, RG42
£1,45012/240.28 miArdler Road, Caversham2
£1,69507/240.29 miRiverside Court, Caversham2
£1,75012/240.29 miRiverside Court, Caversham, Reading2
£1,35012/240.3 miKings Road, Caversham, Reading2
£1,70001/240.3 mi-2
£1,75007/240.31 miCaversham, Reading2
£1,30002/240.31 mi-2
£1,30012/240.31 mi-2
£1,60007/240.32 miQueens Road, Caversham, RG42
£1,40007/240.33 mi-2
£1,30007/240.33 miCaversham Road, Reading2
£1,35007/240.33 miCaversham Road, Reading2
£1,35008/240.34 miSwansea Road, Reading, RG12
£1,35009/240.34 mi-2
£1,65012/240.36 mi-2
£1,27507/240.38 miRandolph Road2
£1,35009/240.38 miRandolph Road2
£1,60008/240.4 miSwansea Road, Reading, RG12
£1,58010/240.4 mi-2
£1,52510/240.4 mi-2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

0.88 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £300,000

January 23, 2025

Floor Plans

Description

  • Central Caversham +
  • Two double bedrooms +
  • Recently refurbished +
  • Riverside location & an easy walk to Reading mainline station +
  • Great sized living room +
  • Allocated parking & Communal grounds +
  • Good sized balcony +
  • Council Tax Band C +
  • EPC rating C +
  • Chain free +

CHAIN FREE: Set within this sought after central Caversham development that offers views over Christchurch Meadows, the River Thames and towards the Reading skyline is this two double bedroom apartment. The property has been recently refurbished throughout. There is a good sized living room and balcony with views over the Meadows and the River Thames, separate kitchen and a modern bathroom. There is an allocated parking space to the rear. To appreciate the location and space on offer call now to view.

Communal Entrance - A good sized communal entrance with stairs to first floor.

Hallway - A good sized hallway with an entryphone and doors to:

Living Room - 4.75m x 4.60m (15'7 x 15'1) - A light and airy room with a large window and a balcony overlooking Christchurch Meadows and the River Thames. Storage cupboard and door to the kitchen.

Kitchen - 3.05m x 2.16m (10'0 x 7'1) - A modern kitchen with wood effect flooring. Includes a large fridge freezer, an electric oven with gas hob, dishwasher and sink which overlooks Christchurch Meadows and the River Thames.

Bedroom One - 3.66m x 3.02m (12'0 x 9'11) - A good sized room with a window to the rear, carpeted and space for wardrobes.

Bedroom Two - 3.48m x 2.13m (11'5 x 7'0) - Offering views to the rear is this good sized room, carpeted and ample space for wardrobes.

Bathroom - 2.44m x 2.16m (8'0 x 7'1) - An attractive bathroom with a modern white suite, it has a shower over bath, a WC and sink. Part tiled walls and a window to the side.

Balcony - 2.01m x 1.24m (6'7 x 4'1) - The private balcony is south facing, which allows you to enjoy the afternoon and evening sun and gives you a pleasant view of Christchurch Meadows and towards the River Thames.

Tenure - Lease: 125 years from 1999
Ground rent : Peppercorn
Service charge: £1386.44 PA

Services - Water. Mains
Drainage. Mains
Electricity. Mains
Heating. Electric

Mobile phone. The vendor is not aware of any specific restricted mobile phone coverage

Broadband. Superfast, obtained from Ofcom

Agent Details

Nicholas Estate Agents, Caversham

0118 230 1760

Next Steps?

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