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

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

Leasehold
BTL
ROI: 4%
60 m²
+8 photos

ValuationUndervalued

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

 

 

Square Metres

60 m²
Price/m²£4K/m²

Value Estimate

£261,145
BMV9%

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

46 sold prices from £146K to £407.5K, average is £265K. £1.7K/m² to £5.7K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£270.9K10/220 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£200K06/210.04 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.04 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£185K12/200.12 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£240K06/210.26 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.26 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.26 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.26 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.26 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£265K10/220.52 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£230K05/210.58 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£146K06/210.59 mi6, Robert Parker Road, Reading RG1 3FN2
£367.5K02/210.59 mi6, George Close, Caversham, Reading RG4 5EW2
£250K10/220.62 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£255K03/210.64 mi35, Field View, Caversham, Reading RG4 5HD2
£227.5K09/210.66 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.66 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.66 mi14, Waller Court, Caversham, Reading RG4 6DB2
£275K05/230.67 mi78, Kennet Walk, Reading RG1 3GF2
£262.5K09/210.69 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.69 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£295K02/230.72 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£330K01/230.72 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£229K01/210.83 mi29 Compass House, South Street, Reading RG1 4GQ2
£300K04/210.85 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.85 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£245K12/220.85 miFlat 15, The Pinnacle, Kings Road, Reading RG1 4LY2
£283K02/230.85 miFlat 2, The Pinnacle, Kings Road, Reading RG1 4LY2
£335K12/220.86 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K06/210.88 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2
£407.5K10/200.89 miFlat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS2
£250K06/210.92 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.92 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£340K02/230.92 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/220.93 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200.93 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.93 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.93 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.93 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.93 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£255K02/230.95 mi1, Haywood Court, Reading RG1 3QF2
£350K02/210.96 mi19, Lomond Avenue, Caversham, Reading RG4 6PL2
£295K04/230.98 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.98 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2

Local Rents

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

RentDateDistanceAddressBeds 
£1,30012/240 miMeadow Way, Caversham, Reading, Berkshire, RG42
£1,30012/240 miMeadow Way, Caversham2
£1,30012/240 miMeadow Way, Caversham2
£3,00012/240.02 mi-2
£1,59012/240.09 mi-2
£1,60012/240.14 miDickens Close, Caversham, Reading2
£1,20007/240.23 miPipers Gate, Star Road, Caversham, Reading, RG42
£1,25012/240.23 miPipers Gate, Star Road, Caversham, Reading, RG42
£1,35012/240.25 miWillow Court2
£1,50012/240.25 miStar Road, Caversham, Reading2
£1,50012/240.25 mi-2
£1,35012/240.25 miBriants Avenue, Caversham, Reading2
£1,70012/240.27 mi-2
£1,70012/240.27 miSend Road, Caversham, Reading2
£1,25007/240.35 miRuskin, Henley Road, Reading, Berkshire, RG42
£1,30012/240.39 mi-2
£1,35012/240.4 miKings Road, Caversham, Reading2
£1,65003/250.43 mi-2
£1,70003/250.43 mi-2
£1,65002/240.43 mi-2
£1,65007/240.44 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,69510/230.44 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,59508/240.44 miNapier Road2
£1,55010/230.44 miNapier Road, Reading, Berkshire, RG12
£1,65007/240.44 miQueens Road, Caversham, Reading, Berkshire, RG42
£1,60007/240.45 miQueens Road, Caversham, RG42
£1,50007/240.45 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,45012/240.45 miArdler Road, Caversham2
£1,60002/240.46 mi-2
£1,44507/240.46 miLuscinia View2
£1,67512/240.46 miKings Road, Reading, Berkshire, RG42
£1,40012/240.46 miKings Road, Caversham2
£1,69510/230.47 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,60007/240.47 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£2,50003/250.47 mi-2
£1,65007/240.47 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,60007/240.47 miLuscinia View, Reading2
£1,59508/240.48 miNapier Road, Reading2
£1,60009/240.48 miLuscinia View, Reading, RG12
£1,50011/240.48 mi-2
£1,70003/250.48 mi-2
£1,70007/240.48 miNapier Road, Reading, RG12
£2,80012/240.48 mi-2
£1,60007/240.49 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,49507/240.49 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,45007/240.49 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,75009/240.49 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,35007/240.49 miLuscinia View, Reading2
£1,60007/240.49 miLuscinia View, Napier Road2
£1,40010/230.5 miLuscinia View, Napier Road, Reading, Berkshire, RG12

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.25 miles away

Nearest school

0.50 miles away

Nearest train station

0.93 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 24, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • Top floor apartment +
  • 18ft living/dining room with Juliet balcony +
  • 13ft master bedroom +
  • 10ft second bedroom +
  • Ample off road parking +
  • Walking distance to Caversham/Reading centres and mainline station +
  • UPVC double glazing +
  • Well maintained +

Masons are proud to offer to the market this well presented, modern two bedroom top floor apartment situated within close proximity to local amenities and offering easy access into Caversham and Reading town centre along with Reading Mainline Station. The spacious accommodation comprises of an 18ft living/dining room with Juliet balcony, an 11ft kitchen fitted with integral appliances, a 14ft master bedroom, a 10ft second bedroom and a family bathroom. The property offers ample parking and great transport links with the nearest bus station situated on the main road in front of the apartment building. Having been well maintained by the current owners, the property also benefits from UPVC double glazing throughout, additional loft storage space and the property is offered for sale with NO ONWARD CHAIN. VIEWING HIGHLY RECOMMENDED.

Front door leads to the hallway which has doors to two storage cupboards and doors to:

Living/Dining Room:
18`11" x 10`11"
Double Glazed with a side aspect and a Juliet Balcony. An opening leads to the Kitchen.

Kitchen:
10`11" x 7`7"
Double Glazed with a side aspect, fitted with a range of eye and base level units with roll edge tops and tiled surround, sink with drainer, oven and hob with extractor above as well as integral appliances.

Master Bedroom:
13`3" x 8`4"
Double Glazed with a side aspect.

Bedroom 2:
9`7" x 8`4"
Double Glazed with a side aspect.

Family Bathroom:

Fitted with a panel enclosed bath, low level wash basin and WC.

Outside:

Parking for several vehicles. Nearby transport links including a bus stop on the main road outside the apartment building.

Notice
Whilst every care has been taken in the preparation of these particulars, and they are believed to be correct, they are not warranted and intending purchasers/lessees should satisfy themselves as to the correctness of the information given.Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Masons, Caversham

0118 946 1140

Next Steps?

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