2 Bed Flat, Single Let, Reading, RG1 4AU £300,000

Queens Road, Reading, Berkshire, RG1 4AU - 2 views - 10 months ago

Leasehold

BTL

ROI: 1%

~68 m²

ValuationOvervalued

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

Square Metres	~68.11 m²
Price/m²	£4.4K/m²
Value Estimate	£269,565£269,565

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£21,200£21,200
Total Cash In	£96,200£96,200

Cash Out
Rent Range	£1,295 - £2,140£1,295 - £2,140
Rent Estimate	£1,300
Running Costs/mo	£1,218£1,218
Cashflow/mo	£83£83
Cashflow/yr	£990£990
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £85.5K to £410K, average is £246.4K. £1.1K/m² to £5.5K/m², average is £3.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£295K	04/23	0.03 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	0.03 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£405K	03/25	0.12 mi	10, 47 Queen's Wharf, Queens Road, Reading RG1 4QE	£3,682	110	2	Flat
£247.8K	11/21	0.14 mi	Flat 7, Greys Court, Sidmouth Street, Reading RG1 4PP	-	-	2	Flat
£255K	07/25	0.15 mi	1, Grantley Heights, Kennet Side, Reading RG1 3EG	-	-	2	Flat
£117.5K	03/25	0.15 mi	19, 115 Blenheim Court, London Street, Reading RG1 4PH	£2,304	51	2	Flat
£330K	06/21	0.19 mi	Flat 22, Q2, Watlington Street, Reading RG1 4AY	£4,352	76	2	Flat
£188K	07/23	0.21 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	2	Flat
£240K	07/21	0.24 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£300K	02/25	0.27 mi	55 Stirling House, Flat 6, Silver Street, Reading RG1 2SU	£4,286	70	2	Flat
£245K	01/25	0.28 mi	Wrenbury Court, Eldon Road, Reading RG1 4DL	£3,719	66	2	Flat
£358K	03/25	0.31 mi	Flat 21, 4, Palmer Street, Reading RG1 3GY	£5,508	65	2	Flat
£230K	02/25	0.32 mi	Hieatt Close, 20, Mount Pleasant, Reading RG1 2QH	£3,333	69	2	Flat
£410K	02/25	0.33 mi	Blakes Quay, 48, Gas Works Road, Reading RG1 3EN	£4,977	82	2	Flat
£388.1K	01/25	0.33 mi	Blakes Quay, 43, Gas Works Road, Reading RG1 3EN	£4,312	90	2	Flat
£253K	06/25	0.33 mi	3, Riverside House, Fobney Street, Reading RG1 6BH	£3,721	68	2	Flat
£253K	06/25	0.33 mi	3, Riverside House, Fobney Street, Reading RG1 6BH	-	-	2	Flat
£230K	09/21	0.35 mi	Flat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS	-	-	2	Flat
£85.5K	03/25	0.35 mi	110, The Meridian, Kenavon Drive, Reading RG1 3DP	£1,140	75	2	Flat
£200K	03/25	0.37 mi	5, Fobney Street, Reading RG1 6BY	£4,762	42	2	Flat
£265K	09/21	0.39 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£300K	06/21	0.43 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£180K	06/23	0.44 mi	Flat 19, Icon House, Merchants Place, Reading RG1 1EQ	-	-	2	Flat
£275K	05/23	0.45 mi	78, Kennet Walk, Reading RG1 3GF	£3,125	88	2	Flat
£288K	03/25	0.47 mi	Flat 35, 6, Oscar Wilde Road, Reading RG1 3FG	£4,056	71	2	Flat
£101.4K	02/23	0.48 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£295K	03/25	0.49 mi	Flat 21, 8, Oscar Wilde Road, Reading RG1 3FH	£3,734	79	2	Flat
£190K	05/25	0.49 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	£3,585	53	2	Flat
£190K	05/25	0.49 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	-	-	2	Flat
£146K	06/21	0.52 mi	6, Robert Parker Road, Reading RG1 3FN	£1,718	85	2	Flat
£261.5K	02/23	0.52 mi	1, Westerham Walk, Reading RG2 0BA	-	-	2	Flat
£170K	01/23	0.53 mi	Flat 48, Lynden Mews, Dale Road, Reading RG2 0AT	-	-	2	Flat
£290K	02/25	0.54 mi	83, Luscinia View, Reading RG1 8AE	£3,973	73	2	Flat
£368K	03/25	0.54 mi	5 9 Riverside View, Flat 67, Berkeley Avenue, Reading RG1 6FH	£4,973	74	2	Flat
£245K	12/22	0.56 mi	Flat 15, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£283K	02/23	0.56 mi	Flat 2, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£220K	06/21	0.6 mi	47, Tippett Rise, Reading RG2 0DJ	£3,056	72	2	Flat
£195K	03/23	0.61 mi	104, Tippett Rise, Reading RG2 0DZ	£2,786	70	2	Flat
£310K	05/25	0.62 mi	Flat 501, 20 Honister, Alfred Street, Reading RG1 7AH	£4,844	64	2	Flat
£310K	05/25	0.62 mi	Flat 501, 20 Honister, Alfred Street, Reading RG1 7AH	-	-	2	Flat
£225K	07/25	0.66 mi	Flat 3, 23, Coley Hill, Reading RG1 6AE	-	-	2	Flat
£210K	07/25	0.67 mi	75, Admirals Court, Reading RG1 6SS	-	-	2	Flat
£220K	06/25	0.67 mi	183a, Elgar Road, Reading RG2 0DH	-	-	2	Flat
£220K	06/25	0.67 mi	183a, Elgar Road, Reading RG2 0DH	£3,188	69	2	Flat
£237.5K	03/25	0.69 mi	9, Phoenix Place, Waylen Street, Reading RG1 7UH	-	-	2	Flat
£215K	04/23	0.71 mi	23, Stratheden Place, Reading RG1 7BH	£3,839	56	2	Flat
£240K	09/21	0.73 mi	10, Southern Hill, Reading RG1 5ES	£4,706	51	2	Flat
£230K	03/25	0.75 mi	28, Farringdon Court, Reading RG1 5NT	£4,182	55	2	Flat
£250.1K	12/24	0.76 mi	Morton Court, 5, Christchurch Road, Reading RG2 7BB	£3,848	65	2	Flat
£363K	06/23	0.76 mi	Flat 57, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat

Local Rents

50 rents from £1.3K/mo to £2.1K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,450	11/25	0 mi	Queens Road, Reading, RG1	2	Flat
£1,500	09/20	0.03 mi	Kings Oak Court, Queens Road, Reading, Berkshire, RG1	2	Flat
£1,300	07/24	0.03 mi	Kings Oak Court, Reading	2	Flat
£1,400	07/24	0.03 mi	Kings Oak Court, Queens Road	2	Flat
£1,350	09/25	0.03 mi	Queens Road, Reading, Berkshire, RG1	2	Flat
£2,140	02/24	0.03 mi	-	2	Flat
£1,500	09/25	0.03 mi	Kings Oak Court, Reading, RG1	2	Flat
£1,500	02/24	0.03 mi	-	2	Flat
£1,550	12/24	0.03 mi	-	2	Flat
£1,495	12/24	0.03 mi	-	2	Flat
£1,500	10/25	0.03 mi	-	2	Flat
£1,500	07/25	0.03 mi	Kings Oak Court, Queens Road, Reading, Berkshire, RG1	2	Flat
£1,450	11/25	0.03 mi	Queens Road, Reading, Berkshire, RG1	2	Flat
£1,300	09/25	0.03 mi	Queens Road, Reading, Berkshire, RG1	2	Flat
£1,400	10/25	0.03 mi	20 Kings Oak Court, Queens Road, Reading, RG1	2	Flat
£1,300	07/25	0.04 mi	South Street, Reading, Berkshire, RG1	2	Flat
£1,380	08/25	0.04 mi	South Street, Reading, Berkshire, RG1	2	Flat
£1,300	08/25	0.04 mi	South Street, Reading, Berkshire, RG1	2	Flat
£1,300	09/25	0.04 mi	South Street, Reading, Berkshire, RG1	2	Flat
£1,500	11/25	0.05 mi	Queens Cottages, Reading, Berkshire, RG1	2	Terraced House
£1,500	07/24	0.05 mi	Queens Cottages, Reading, Berkshire, RG1	2	Terraced House
£1,400	11/25	0.06 mi	Queens Cottages, Reading, Berkshire, RG1	2	Terraced House
£1,500	07/25	0.06 mi	Queens Road, Reading, RG1	2	Flat
£1,295	11/25	0.08 mi	Queens Cottages, Reading, RG1	2	House
£1,500	07/24	0.08 mi	East View Place, East Street, Reading, Berkshire, RG1	2	Flat
£1,500	10/23	0.08 mi	East View Place, East Street, Reading, Berkshire, RG1	2	Flat
£1,325	06/25	0.08 mi	-	2	Flat
£1,325	05/25	0.08 mi	Sidmouth Court, Reading, RG1	2	Flat
£1,350	07/24	0.08 mi	East View Place, East Street, Reading, Berkshire, RG1	2	Flat
£1,750	10/24	0.08 mi	-	2	Flat
£1,750	07/25	0.08 mi	-	2	Flat
£1,750	07/25	0.08 mi	Sidmouth Street, Reading, RG1	2	Flat
£1,930	07/24	0.09 mi	Filbert Street, Reading, RG1	2	Flat
£1,850	08/24	0.09 mi	Joseph Huntley Walk, Reading, RG1	2	Flat
£1,975	07/25	0.09 mi	Carraway Street, Reading, Berkshire, RG1	2	Flat
£1,550	10/25	0.09 mi	Oscar Wilde Road, Reading, Berkshire, RG1	2	Flat
£1,600	08/24	0.09 mi	Kings Road, Reading, RG1	2	Flat
£2,000	08/25	0.09 mi	Kings Road, Reading, RG1	2	Flat
£1,495	08/24	0.09 mi	South Street	2	Flat
£1,750	07/25	0.1 mi	Kennet House, Kings Road, Reading, RG1	2	Flat
£1,350	09/25	0.1 mi	South Street, Reading	2	Flat
£1,750	06/25	0.1 mi	Verto, 120 Kings Road, Reading, RG1	2	Flat
£2,000	09/25	0.1 mi	Queens Wharf, 47 Queens Road, Reading, Berkshire, RG1	2	Flat
£1,500	07/24	0.1 mi	Kennet House, 80 Kings Road, Reading, RG1	2	Flat
£1,600	07/24	0.1 mi	South Street, Reading, Berkshire, RG1	2	Flat
£1,495	07/24	0.1 mi	South Street, Reading, Berkshire, RG1	2	Flat
£1,400	10/25	0.1 mi	South Street, Reading, Berkshire, RG1	2	Flat
£1,650	07/24	0.1 mi	Kennet House, 80, Kings Road, Reading	2	Flat
£1,800	08/24	0.1 mi	Kennet House, 80 Kings Road, READING, RG1 3BJ	2	Flat
£1,800	09/24	0.1 mi	Kennet House, 80 Kings Road, READING, RG1 3BJ	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.34 miles away0.34 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.50 miles away0.50 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+9%+9%

Property History

Price changed to £300,000

June 24, 2025

Price changed to £325,000

March 28, 2025

Listed for £340,000

January 28, 2025

Floor Plans

Description

Two Bedrooms +
Town Centre Location +
Allocated Parking +
Split-Level Apartment +
Two Bathrooms +
Well-Presented Throughout +

A beautifully presented two bedroom, two bath split-level apartment. Situated within a short walk from the Oracle shopping centre and Reading mainline station, this property is ideal for first time buyers and investment buyers alike.

The property offers spacious accommodation comprising: two bedrooms, two bathrooms and an open-plan kitchen/lounge/diner.

The property also benefits from allocated parking. Viewing is recommended.

At the time of Instruction, we have been advised by the vendors of the following information:

Council Tax Band C (Reading Borough Council)

Service Charges: £1,600 p/a
Ground Rent: £330 p/a
Remaining Lease: approx. 118 years

The above information may be subject to change during the transaction period.

Agent Details

Parkers, Reading

0118 230 6420

Next Steps?

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

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