2 Bed Flat, Single Let, Reading, RG1 3EG £325,000

Reading Riverside setting, Berkshire, RG1 3EG - 10 months ago
Leasehold
BTL
ROI: 3%
~82 m²
Property image

ValuationFair Value

Sold Prices£85.5K - £410K
Sold Prices/m²£1.1K/m² - £5.5K/m²

 

 

Square Metres

~81.66 m²
Price/m²£4K/m²

Value Estimate

£324,403

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Total Cash In

£104,950

 

 

Cash Out

 

Rent Range

£1,495 - £2,300

Rent Estimate

£1,632

Running Costs/mo

£1,362

Cashflow/mo

£270

Cashflow/yr

£3,240

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £85.5K to £410K, average is £253K. £1.1K/m² to £5.5K/m², average is £3.9K/m².

Price
Date
Distance
Address
Beds
 
£255K07/250.02 mi1, Grantley Heights, Kennet Side, Reading RG1 3EG2
£330K06/210.03 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2
£405K03/250.05 mi10, 47 Queen's Wharf, Queens Road, Reading RG1 4QE2
£295K04/230.14 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.14 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£247.8K11/210.15 miFlat 7, Greys Court, Sidmouth Street, Reading RG1 4PP2
£245K01/250.16 miWrenbury Court, Eldon Road, Reading RG1 4DL2
£410K02/250.17 miBlakes Quay, 48, Gas Works Road, Reading RG1 3EN2
£388.1K01/250.17 miBlakes Quay, 43, Gas Works Road, Reading RG1 3EN2
£85.5K03/250.2 mi110, The Meridian, Kenavon Drive, Reading RG1 3DP2
£358K03/250.21 miFlat 21, 4, Palmer Street, Reading RG1 3GY2
£275K05/230.29 mi78, Kennet Walk, Reading RG1 3GF2
£117.5K03/250.29 mi19, 115 Blenheim Court, London Street, Reading RG1 4PH2
£288K03/250.32 miFlat 35, 6, Oscar Wilde Road, Reading RG1 3FG2
£295K03/250.34 miFlat 21, 8, Oscar Wilde Road, Reading RG1 3FH2
£188K07/230.36 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2
£146K06/210.36 mi6, Robert Parker Road, Reading RG1 3FN2
£300K02/250.38 mi55 Stirling House, Flat 6, Silver Street, Reading RG1 2SU2
£240K07/210.4 mi11, Deansgate Road, Reading RG1 2RZ2
£245K12/220.41 miFlat 15, The Pinnacle, Kings Road, Reading RG1 4LY2
£283K02/230.41 miFlat 2, The Pinnacle, Kings Road, Reading RG1 4LY2
£290K02/250.42 mi83, Luscinia View, Reading RG1 8AE2
£230K02/250.43 miHieatt Close, 20, Mount Pleasant, Reading RG1 2QH2
£230K09/210.43 miFlat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS2
£253K06/250.49 mi3, Riverside House, Fobney Street, Reading RG1 6BH2
£253K06/250.49 mi3, Riverside House, Fobney Street, Reading RG1 6BH2
£180K06/230.52 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£200K03/250.53 mi5, Fobney Street, Reading RG1 6BY2
£265K09/210.55 mi34, Swan Place, Reading RG1 6QD2
£300K06/210.58 miFlat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS2
£261.5K02/230.61 mi1, Westerham Walk, Reading RG2 0BA2
£101.4K02/230.63 mi23, Talbot Court, Reading RG1 6QH2
£230K03/250.65 mi28, Farringdon Court, Reading RG1 5NT2
£190K05/250.65 mi41, Capital Point, Temple Place, Reading RG1 6QJ2
£190K05/250.65 mi41, Capital Point, Temple Place, Reading RG1 6QJ2
£170K01/230.67 miFlat 48, Lynden Mews, Dale Road, Reading RG2 0AT2
£368K03/250.69 mi5 9 Riverside View, Flat 67, Berkeley Avenue, Reading RG1 6FH2
£322K10/240.7 mi25, Send Road, Caversham, Reading RG4 8EH2
£240K09/210.72 mi10, Southern Hill, Reading RG1 5ES2
£220K06/210.73 mi47, Tippett Rise, Reading RG2 0DJ2
£195K03/230.74 mi104, Tippett Rise, Reading RG2 0DZ2
£245K07/250.74 mi18b, Coldicutt Street, Caversham, Reading RG4 8DU2
£310K05/250.74 miFlat 501, 20 Honister, Alfred Street, Reading RG1 7AH2
£310K05/250.74 miFlat 501, 20 Honister, Alfred Street, Reading RG1 7AH2
£250.1K12/240.77 miMorton Court, 5, Christchurch Road, Reading RG2 7BB2
£295K01/250.78 miRegents Riverside, Flat 8, Brigham Road, Reading RG1 8QS2
£363K06/230.78 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£220K06/250.8 mi183a, Elgar Road, Reading RG2 0DH2
£220K06/250.8 mi183a, Elgar Road, Reading RG2 0DH2
£256.5K12/240.81 miMorton Court, 20, Christchurch Road, Reading RG2 7BB2

Local Rents

50 rents from £1.5K/mo to £2.3K/mo, average is £1.9K/mo.

Rent
Date
Distance
Address
Beds
 
£1,55009/240 miKennet Side, Reading, RG12
£1,85007/250 miKennet Side, Reading, RG12
£1,55008/240.02 mi-2
£1,55007/240.02 miQ2 Watlington Street, Reading, RG12
£2,30005/250.02 miGravity Royal Heights, Queens Road, Reading, Berkshire, RG12
£2,30006/250.02 miGravity Royal Heights, Queens Road, Reading, Berkshire, RG12
£2,10006/250.02 miGravity Royal Heights, Queens Road, Reading, Berkshire, RG12
£2,10006/250.02 miGravity Royal Heights, Queens Road, Reading, Berkshire, RG12
£2,10006/250.02 miGravity Royal Heights, Queens Road, Reading, Berkshire, RG12
£2,10007/250.02 miGravity Royal Heights, Queens Road, Reading, Berkshire, RG12
£2,10007/250.02 miGravity Royal Heights, Queens Road, Reading, Berkshire, RG12
£2,10007/250.02 miGravity Royal Heights, Queens Road, Reading, Berkshire, RG12
£2,10007/250.02 miGravity Royal Heights, Queens Road, Reading, Berkshire, RG12
£2,10008/250.02 miGravity Royal Heights, Queens Road, Reading, Berkshire, RG12
£1,72506/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,87506/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,92506/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,87506/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,87507/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,87507/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,87507/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,87507/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,87508/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,87508/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,72509/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,72509/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,72510/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,62610/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,72511/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,62511/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,72511/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,72511/250.02 miGravity Royal Heights, 59 Queens Road, Reading, Berkshire, RG12
£1,55010/250.02 miGrantley Heights, Kennet Side, Reading, RG12
£1,49505/250.02 miGrantley Heights, Kennet Side, Reading, Berkshire, RG12
£1,59511/250.02 miWatlington Street, Reading, Berkshire, RG12
£1,87502/240.02 mi-2
£1,67505/250.02 mi-2
£1,82507/240.02 mi-2
£1,82507/240.02 mi-2
£2,30008/240.02 mi-2
£2,30008/240.02 mi-2
£2,30008/240.02 mi-2
£2,30009/240.02 mi-2
£2,30009/240.02 mi-2
£2,30011/240.02 mi-2
£1,67511/240.02 mi-2
£2,30011/240.02 mi-2
£2,30001/250.02 mi-2
£2,30001/250.02 mi-2
£1,67511/240.02 miQueens Road, Reading, RG12

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.50 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+9%

Property History

Price changed to £325,000

March 28, 2025

Listed for £350,000

January 24, 2025

Floor Plans

Property image

Description

  • Leasehold Term 125 years from 01/01/1999 +
  • Town Centre position +
  • Riverside location +
  • Refurbished apartment +
  • Two double bedrooms +
  • Open living / dining space +
  • Balcony overlooking River +
  • Refitted kitchen with appliances +
  • Refurbished family and ensuite bathrooms +
  • Entrance Hall +

Property Description

Set in this popular Development is this Riverside two double bedroom apartment which has been refurbished in recent times to include German fitted kitchen with Quartz work surfaces and integrated appliances. Refurbished family and ensuite bathrooms. Open living / dining space

Property Details

Set in this Landmark development, overlooking the River Kennet is this upper floor apartment which has been the subject of major refurbishment and improvement.
The property is set within striking distance of The Oracle and Riverside, with its range of shops, bars and restaurants and also giving convenient access to Reading Station and Hospital.
The accommodation comprises expansive reception hall with doors to all principle rooms, sitting room with doors to private balcony overlooking river. Modern, refitted German kitchen with appliances and quartz work surfaces. 2 double bedrooms, master benefiting from refitted En-suite shower room and further refitted family bathroom.
The property further benefits from secure under croft parking and is being sold with no onward chain.

Agent Details

Chancellors, Reading

0118 230 1565

Next Steps?

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