2 Bed Flat, Single Let, Reading, RG4 6LE, £180,000

Ruskin, Henley Road, Caversham, RG4 6LE - 2 months ago

Sold STC

Leasehold

Auction

BTL

ROI: 11%

~68 m²

+5 photos

ValuationUndervalued

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

Square Metres	~67.80 m²
Price/m²	£2.7K/m²
Value Estimate	£225,000£225,000
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£11,300£11,300
Total Cash In	£56,300£56,300

Cash Out
Rent Range	£1,200 - £3,000£1,200 - £3,000
Rent Estimate	£1,350
Running Costs/mo	£853£853
Cashflow/mo	£498£498
Cashflow/yr	£5,970£5,970
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

29 sold prices from £146K to £407.5K, average is £255K. £1.7K/m² to £5.7K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£240K	06/21	0.2 mi	6, Luscombe Close, Caversham, Reading RG4 5LG	£3,957	61	2	Flat
£245K	03/21	0.2 mi	24, Luscombe Close, Caversham, Reading RG4 5LG	£2,606	94	2	Flat
£255K	12/20	0.2 mi	10, Luscombe Close, Caversham, Reading RG4 5LG	£3,355	76	2	Flat
£187.2K	03/21	0.2 mi	23, Luscombe Close, Caversham, Reading RG4 5LG	£2,925	64	2	Flat
£286K	03/23	0.2 mi	8, Luscombe Close, Caversham, Reading RG4 5LG	£4,469	64	2	Flat
£185K	12/20	0.25 mi	1, Alston Walk, Caversham, Reading RG4 5DD	£3,837	48	2	Flat
£200K	06/21	0.36 mi	72, Amersham Road, Caversham, Reading RG4 5NA	£3,333	60	2	Flat
£245K	02/21	0.36 mi	84, Amersham Road, Caversham, Reading RG4 5NA	£4,138	59	2	Flat
£270.9K	10/22	0.37 mi	100a, Meadow Way, Caversham, Reading RG4 5LY	£4,516	60	2	Flat
£230K	09/21	0.37 mi	124, Meadow Way, Caversham, Reading RG4 5LY	£3,770	61	2	Flat
£220K	06/21	0.37 mi	34, Meadow Way, Caversham, Reading RG4 5LY	£3,860	57	2	Flat
£367.5K	02/21	0.43 mi	6, George Close, Caversham, Reading RG4 5EW	£5,034	73	2	Flat
£255K	03/21	0.57 mi	35, Field View, Caversham, Reading RG4 5HD	£4,554	56	2	Flat
£350K	02/21	0.58 mi	19, Lomond Avenue, Caversham, Reading RG4 6PL	-	-	2	Flat
£265K	10/22	0.71 mi	140, Gosbrook Road, Caversham, Reading RG4 8BJ	£5,000	53	2	Flat
£227.5K	09/21	0.71 mi	2, Waller Court, Caversham, Reading RG4 6DB	£5,417	42	2	Flat
£260K	02/21	0.71 mi	28, Waller Court, Caversham, Reading RG4 6DB	£4,017	65	2	Flat
£230K	03/21	0.71 mi	14, Waller Court, Caversham, Reading RG4 6DB	£4,107	56	2	Flat
£230K	05/21	0.74 mi	168, Gosbrook Road, Caversham, Reading RG4 8BJ	£3,538	65	2	Flat
£250K	10/22	0.78 mi	94, Gosbrook Road, Caversham, Reading RG4 8BJ	-	-	2	Flat
£407.5K	10/20	0.86 mi	Flat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS	-	-	2	Flat
£250K	06/21	0.89 mi	Flat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY	-	-	2	Flat
£265K	05/21	0.89 mi	Flat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY	-	-	2	Flat
£262.5K	09/21	0.89 mi	91, Elliots Way, Caversham, Reading RG4 8BW	£5,250	50	2	Flat
£265K	03/21	0.89 mi	71, Elliots Way, Caversham, Reading RG4 8BW	£5,528	48	2	Flat
£285K	06/23	0.91 mi	12, Emmer Green Court, Caversham, Reading RG4 6NQ	£4,914	58	2	Flat
£295K	02/23	0.92 mi	74, Elliots Way, Caversham, Reading RG4 8BF	£5,673	52	2	Flat
£330K	01/23	0.92 mi	86, Elliots Way, Caversham, Reading RG4 8BF	£5,593	59	2	Flat
£146K	06/21	0.96 mi	6, Robert Parker Road, Reading RG1 3FN	£1,718	85	2	Flat

Local Rents

24 rents from £1.2K/mo to £3K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	07/24	0.03 mi	Ruskin, Henley Road, Reading, Berkshire, RG4	2	Flat
£1,650	07/24	0.23 mi	-	2	Flat
£1,650	12/24	0.26 mi	-	2	Flat
£1,550	01/25	0.26 mi	-	2	Flat
£1,590	12/24	0.32 mi	-	2	Terraced House
£1,300	12/24	0.37 mi	Meadow Way, Caversham	2	Flat
£1,300	12/24	0.37 mi	Meadow Way, Caversham	2	Flat
£1,300	12/24	0.37 mi	Meadow Way, Caversham, Reading, Berkshire, RG4	2	Flat
£1,500	12/24	0.38 mi	Star Road, Caversham, Reading	2	Terraced House
£1,500	12/24	0.38 mi	-	2	Terraced House
£3,000	12/24	0.38 mi	-	2	Flat
£1,200	07/24	0.41 mi	Pipers Gate, Star Road, Caversham, Reading, RG4	2	Flat
£1,250	12/24	0.41 mi	Pipers Gate, Star Road, Caversham, Reading, RG4	2	Flat
£1,395	07/24	0.42 mi	Milestone View Court	2	Flat
£1,500	07/24	0.43 mi	George Close, Grosvenor Road, Caversham	2	Flat
£1,600	12/24	0.43 mi	Dickens Close, Caversham, Reading	2	Semi-Detached House
£1,350	12/24	0.49 mi	Willow Court	2	Flat
£1,350	12/24	0.5 mi	Briants Avenue, Caversham, Reading	2	Flat
£1,700	12/24	0.58 mi	-	2	Detached House
£1,700	12/24	0.58 mi	Send Road, Caversham, Reading	2	Detached House
£1,650	02/24	0.58 mi	-	2	Terraced House
£1,400	12/24	0.59 mi	Fry Court, 11A Derby Road, Caversham, Reading, RG4	2	Flat
£1,450	12/24	0.6 mi	Ardler Road, Caversham	2	Terraced House
£1,295	12/24	0.62 mi	Derby Road, Caversham	2	Flat

Local Area Statistics

Population in RG4	39,16039,160
Population in Reading	321,187321,187
Town centre distance	1.59 miles away1.59 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.23 miles away1.23 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+35%+35%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+13%+13%

Property History

Price changed to £180,000

February 28, 2025

Listed for £200,000

February 4, 2025

Floor Plans

Description

FOR SALE BY ONLINE AUCTION +
6 WEEKS’ COMPLETION +
Apartment +
Ground floor +
Two bedrooms +
Vacant leasehold +

A vacant two-bedroom ground floor apartment situated in Caversham, conveniently located near the town centre and offering easy access to Reading station. This property is ideal for either owner occupation or as a letting investment, with an estimated rental income of £1,350 per month offering a gross yield of 9% PAX.

Agent Details

First for Auctions, Nationwide

01344 951920

Next Steps?

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