2 Bed Flat, Single Let, Reading, RG1 6QL, £205,000

Temple Place, Reading, RG1 6QL - 2 views - 3 months ago

Leasehold

BTL

ROI: 8%

~68 m²

+10 photos

ValuationUndervalued

Sold Prices	£101.4K - £363K
Sold Prices/m²	£1.7K/m² - £5.4K/m²

Square Metres	~68.11 m²
Price/m²	£3K/m²
Value Estimate	£225,127£225,127
BMV	10%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£51,250£51,250
Stamp Duty & Legal Fees	£13,050£13,050
Total Cash In	£64,300£64,300

Cash Out
Rent Range	£1,250 - £2,400£1,250 - £2,400
Rent Estimate	£1,375
Running Costs/mo	£936£936
Cashflow/mo	£439£439
Cashflow/yr	£5,273£5,273
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

39 sold prices from £101.4K to £363K, average is £230K. £1.7K/m² to £5.4K/m², average is £3.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£145K	11/20	0.05 mi	4, Katesgrove Lane, Reading RG1 2ND	£2,042	71	2	Flat
£208K	03/21	0.09 mi	4, St Pauls Court, Reading RG1 6HF	£3,782	55	2	Flat
£300K	06/21	0.14 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£265K	09/21	0.2 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£101.4K	02/23	0.2 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£240K	07/21	0.24 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£170K	01/23	0.24 mi	Flat 48, Lynden Mews, Dale Road, Reading RG2 0AT	-	-	2	Flat
£188K	07/23	0.29 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	2	Flat
£220K	06/21	0.29 mi	47, Tippett Rise, Reading RG2 0DJ	£3,056	72	2	Flat
£200K	11/20	0.3 mi	Top Floor Flat, 183a, Elgar Road, Reading RG2 0DH	-	-	2	Flat
£195K	03/23	0.32 mi	104, Tippett Rise, Reading RG2 0DZ	£2,786	70	2	Flat
£229K	01/21	0.36 mi	29 Compass House, South Street, Reading RG1 4GQ	£3,053	75	2	Flat
£230K	09/21	0.4 mi	Flat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS	-	-	2	Flat
£261.5K	02/23	0.42 mi	1, Westerham Walk, Reading RG2 0BA	-	-	2	Flat
£295K	04/23	0.5 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	0.5 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£247.8K	11/21	0.53 mi	Flat 7, Greys Court, Sidmouth Street, Reading RG1 4PP	-	-	2	Flat
£250K	02/21	0.56 mi	Flat 21, Projection West, Merchants Place, Reading RG1 1ET	-	-	2	Flat
£180K	06/23	0.57 mi	Flat 19, Icon House, Merchants Place, Reading RG1 1EQ	-	-	2	Flat
£215K	04/23	0.59 mi	23, Stratheden Place, Reading RG1 7BH	£3,839	56	2	Flat
£215K	10/21	0.62 mi	29, Bedford Road, Reading RG1 7EU	£3,468	62	2	Flat
£330K	06/21	0.66 mi	Flat 22, Q2, Watlington Street, Reading RG1 4AY	£4,352	76	2	Flat
£234K	10/20	0.69 mi	Flat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY	-	-	2	Flat
£285K	01/21	0.71 mi	3, The Brookmill, Reading RG1 6DD	£5,377	53	2	Flat
£189.9K	05/21	0.72 mi	Flat 6, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£168K	06/21	0.72 mi	Flat 1, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£225K	04/21	0.76 mi	Flat 9, Charnwood House, Rembrandt Way, Reading RG1 6QR	-	-	2	Flat
£229K	01/21	0.8 mi	29 Compass House, South Street, Reading RG1 4GQ	£3,053	75	2	Flat
£290K	12/22	0.8 mi	Flat 36, Milward Court, Warwick Road, Reading RG2 7BG	-	-	2	Flat
£198K	12/20	0.81 mi	59b, Cardiff Road, Reading RG1 8ET	£3,143	63	2	Flat
£240K	09/21	0.85 mi	10, Southern Hill, Reading RG1 5ES	£4,706	51	2	Flat
£255K	11/20	0.85 mi	32, Southern Hill, Reading RG1 5ES	£4,165	61	2	Flat
£196K	02/21	0.85 mi	19, Baron Court, Reading RG30 2BP	£4,000	49	2	Flat
£275K	05/23	0.92 mi	78, Kennet Walk, Reading RG1 3GF	£3,125	88	2	Flat
£300K	04/21	0.96 mi	Flat 18, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£363K	06/23	0.96 mi	Flat 57, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£146K	06/21	0.99 mi	6, Robert Parker Road, Reading RG1 3FN	£1,718	85	2	Flat
£245K	12/22	0.99 mi	Flat 15, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£283K	02/23	0.99 mi	Flat 2, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat

Local Rents

50 rents from £1.3K/mo to £2.4K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	08/24	0.02 mi	Hunters Wharf, Katesgrove Lane, Reading, Berkshire, RG1	2	Flat
£1,400	08/24	0.03 mi	Katesgrove Lane, Reading, Berkshire, RG1	2	Flat
£1,600	08/24	0.03 mi	Katesgrove Lane, Reading, Berkshire, RG1	2	Flat
£1,450	08/24	0.03 mi	Capital Point	2	Flat
£1,375	08/24	0.04 mi	Hunters Wharf, Reading	2	Flat
£1,300	07/24	0.05 mi	-	2	Flat
£1,250	07/24	0.05 mi	Katesgrove Lane, Reading	2	Flat
£1,300	07/24	0.06 mi	Capital Point, Reading	2	Flat
£1,500	08/24	0.06 mi	Capital Point, Reading	2	Flat
£1,400	07/24	0.09 mi	Brook Street West, Reading, Berkshire, RG1	2	Terraced House
£1,700	07/24	0.09 mi	Riverside View, Berkeley Avenue, Reading, RG1	2	Flat
£2,000	07/24	0.1 mi	Riverside View, 5-9 Berkeley Avenue	2	Flat
£2,000	07/24	0.1 mi	Riverside View, 5-9 Berkeley Avenue, Reading, RG1	2	Flat
£2,000	09/24	0.1 mi	Riverside View, 5-9 Berkeley Avenue, Reading, RG1	2	Flat
£2,000	07/24	0.1 mi	Riverside View, 5-9 Berkeley Avenue, Reading, RG1	2	Flat
£1,300	08/24	0.11 mi	St Pauls Court, Reading, RG1	2	Flat
£1,500	10/23	0.12 mi	Pell Street, Reading, Berkshire, RG1	2	Terraced House
£1,500	09/24	0.12 mi	Wolseley Street, Reading	2	Terraced House
£1,300	01/25	0.12 mi	-	2	Terraced House
£1,450	07/24	0.12 mi	Wolseley Street, Reading, Berkshire, RG1	2	Terraced House
£1,500	08/24	0.12 mi	Fobney Street, Reading, RG1	2	Flat
£1,400	02/24	0.12 mi	-	2	Terraced House
£1,375	03/25	0.12 mi	-	2	Terraced House
£1,880	02/25	0.13 mi	-	2	Flat
£1,800	11/24	0.13 mi	-	2	Flat
£1,800	10/24	0.13 mi	-	2	Flat
£1,800	11/24	0.13 mi	-	2	Flat
£1,800	10/24	0.13 mi	-	2	Flat
£1,800	11/24	0.13 mi	-	2	Flat
£1,800	11/24	0.13 mi	-	2	Flat
£1,800	11/24	0.13 mi	-	2	Flat
£1,500	08/24	0.13 mi	New Bright Street, Reading, Berkshire, RG1	2	Flat
£1,250	07/24	0.14 mi	Wolseley Street, Reading	2	Terraced House
£1,800	08/24	0.14 mi	Simmonds Malthouse, Fobney Street, Reading, RG1	2	Flat
£1,400	08/24	0.14 mi	Francis Street	2	Terraced House
£1,500	04/25	0.14 mi	-	2	Flat
£2,400	07/24	0.14 mi	Simmonds Malthouse, Fobney Street, Reading, Berkshire, RG1	2	Flat
£1,600	12/24	0.15 mi	-	2	Terraced House
£1,500	03/25	0.15 mi	-	2	Terraced House
£1,695	10/23	0.15 mi	Bear Wharf, Fobney Street, Reading, Berkshire, RG1	2	Flat
£1,700	03/25	0.15 mi	-	2	Flat
£1,600	07/24	0.15 mi	Riverside View, Berkeley Avenue, Reading, RG1	2	Flat
£1,400	07/24	0.16 mi	Coley Place, Reading, RG1	2	Terraced House
£1,450	07/24	0.16 mi	Avocet Court, Fobney Street, Reading, Berkshire, RG1	2	Flat
£1,450	10/23	0.16 mi	Avocet Court, Fobney Street, Reading, Berkshire, RG1	2	Flat
£1,650	02/25	0.18 mi	-	2	Terraced House
£1,400	07/24	0.18 mi	Southampton Street, Reading, Berkshire, RG1	2	Flat
£1,400	08/24	0.18 mi	Sherman Road, Reading, Berkshire, RG1	2	Terraced House
£1,400	07/24	0.18 mi	Waterside Gardens, Reading, Berkshire, RG1	2	Flat
£1,400	08/24	0.18 mi	Riverside House, Fobney Street, Reading, RG1	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.23 miles away0.23 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.68 miles away0.68 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+7%+7%

Property History

Price changed to £205,000

February 28, 2025

Listed for £220,000

February 5, 2025

Floor Plans

Description

Gated complex close to River Kennet +
No onward chain +
Excellent presentation +
Direct access to communal garden +
Undercroft parking +
Close to station +

Set within a modern gated complex along a picturesque tree-lined road by the River Kennet, this immaculately presented two-bedroom apartment offers stylish living with direct access to the communal grounds.
Recently enhanced by the current owners, the property features a contemporary bathroom, fresh décor, and new carpets. The accommodation includes a spacious living/dining room, a well-appointed kitchen, and two generous bedrooms, with the main bedroom enjoying French doors to a private outdoor space.
Additional benefits include gas central heating, UPVC double glazing, and secure undercroft parking. Located within walking distance of Reading station and the town centre, this apartment is perfect for commuters and those seeking vibrant city living.

Viewing is highly recommended. EPC rating C. Council tax band D. No onward chain.

* Leasehold: 125 years from 2002; 102 years remaining.
* Ground rent currently £150pa reviewed every 21 years.
* Service charge £3600 pa

Bedroom 1 - 3.43m x 2.97m (11'3 x 9'9) -

Bedroom 2 - 2.87m x 1.96m (9'5 x 6'5 ) -

Kitchen - 2.84m x 1.78m (9'4 x 5'10) -

Living/Dining Room - 3.86m x 3.81m (12'8 x 12'6) -

Agent Details

Walmsley Estate Agents, Caversham

0118 230 5597

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents