2 Bed Flat, Single Let, Reading, RG2 9FS, £225,000

38 Rossby, Shinfield, Reading, Berkshire, RG2 9FS - 3 months ago

Leasehold
BTL
ROI: 3%
~57 m²
+8 photos

ValuationOvervalued

Sold Prices£97.5K - £305K
Sold Prices/m²£2.9K/m² - £5.1K/m²

 

 

Square Metres

~57.10 m²
Price/m²£3.9K/m²

Value Estimate

£204,998

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£14,450

Total Cash In

£70,700

 

 

Cash Out

 

Rent Range

£1,150 - £1,550

Rent Estimate

£1,150

Running Costs/mo

£953

Cashflow/mo

£197

Cashflow/yr

£2,363

ROI

3%

Gross Yield

6%

Local Sold Prices

29 sold prices from £97.5K to £305K, average is £215K. £2.9K/m² to £5.1K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£200K03/210.01 mi26, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£219K09/210.01 mi6, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£227.5K06/210.01 mi4, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£217.5K12/200.04 mi3, Greenwich Road, Shinfield, Reading, Wokingham RG2 9FJ2
£220K09/210.08 mi44, Perigee, Shinfield, Reading, Wokingham RG2 9FT2
£228K06/230.09 mi19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR2
£212.5K04/210.1 miSecond Floor Flat, 20, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£215K06/230.1 miFirst Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£230K12/220.1 miGround Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£97.5K11/220.41 miFlat 16, Southglade, Whitley Wood Road, Reading RG2 8JS2
£160K05/210.58 mi345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY2
£220K12/220.58 mi345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY2
£215K08/210.65 mi10, Fakenham Close, Lower Earley, Reading, Wokingham RG6 4AB2
£270K06/230.68 mi2, Felthorpe Close, Lower Earley, Reading, Wokingham RG6 4AF2
£270K01/230.68 mi29, Songbird Close, Shinfield, Reading, Wokingham RG2 9AB2
£300K09/210.73 mi111, Skylark Way, Shinfield, Reading, Wokingham RG2 9AD2
£187.5K01/210.88 mi5a, School Green, Shinfield, Reading, Wokingham RG2 9EE2
£191K09/210.92 mi5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU2
£150K09/220.92 mi27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU2
£175K01/210.93 mi32, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£202K01/210.93 mi48, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£150K10/220.93 mi27, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£130K10/220.94 mi51, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£210K12/220.95 mi38, Emmbrook Court, Reading RG6 5TZ2
£195K12/220.95 mi14, Emmbrook Court, Reading RG6 5TZ2
£220K08/210.95 mi19, Emmbrook Court, Reading RG6 5TZ2
£252.5K06/210.98 mi1a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£242K07/230.98 mi14a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£305K12/220.99 mi6, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2

Local Rents

21 rents from £1.1K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30007/240 miRossby, Shinfield Park, Reading, RG22
£1,40007/240.03 miRossby, Shinfield, RG22
£1,15007/240.08 miShinfield Park, Reading, RG2 9FT2
£1,45003/250.08 mi-2
£1,40004/250.08 mi-2
£1,30007/240.08 miRossby, Shinfield, Berkshire, RG22
£1,39501/250.09 mi-2
£1,30007/240.1 miShinfield Park, Reading, RG2 9FL2
£1,30010/230.1 miShinfield Park, RG2 9FL2
£1,35002/240.1 mi-2
£1,40008/240.11 miAphelion Way, Shinfield, Reading, Berkshire, RG22
£1,45007/240.13 miCirrus Drive, Shinfield, Reading, Berkshire, RG22
£1,55010/240.3 mi-2
£1,55008/240.38 miWhitley Wood Road, Reading, Berkshire, RG22
£1,40009/240.43 miWentworth Avenue, Reading, Berkshire, RG22
£1,40009/240.45 mi-2
£1,45008/240.57 miGloucester Avenue, Shinfield, Berkshire, RG22
£1,38001/240.59 mi-2
£1,20004/250.59 mi-2
£1,50002/240.61 mi-2
£1,50012/240.61 mi-2

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

2.64 miles away

Nearest school

0.40 miles away

Nearest train station

2.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Price changed to £225,000

March 16, 2025

Listed for £235,000

January 24, 2025

Floor Plans

Description

  • No onward chain complications +
  • First floor apartment +
  • Allocated & visitor parking +
  • Large balcony, full width of the apartment +
  • Communal gardens +
  • Well presented throughout +
  • Two good size bedrooms +
  • Close to M4 and retail parks +
  • Access to balcony through living room and bedroom two +
  • Ideal for first time buyers +

Arins Shinfield office are delighted to present this exceptional two-bedroom, first-floor apartment, available with no onward chain. With its modern design, spacious interiors, and an enviable location, this property is perfect for first-time buyers, single occupants, or those looking to downsize. Upon entering, you are welcomed by a generous entrance hall with ample storage space, setting the tone for the well-thought-out layout of the home. The apartment features two well-proportioned double bedrooms, including bedroom one with en-suite, offering comfort and convenience. The second bathroom, finished to a good standard, complements the living arrangements perfectly. The heart of the property lies in the sizeable open-plan living and dining area, which is flooded with natural light and seamlessly connects to the kitchen. A standout feature of this apartment is the impressive full-width balcony, accessible from both the living area and one of the bedrooms. Overlooking picturesque green spaces. The balcony's privacy and scenic views add a unique charm to this apartment. Situated in a prime location, the property is close to the M4 for easy commuting, local amenities, and just a short drive to Reading town centre. no 4G excellent data and voice bricks, timber frame windows No No

Agent Details

Arins Property Services, Lower Earley

0118 230 2853

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪