2 Bed Flat, Single Let, Reading, RG1 2SW, £220,000

Indigo Apartments, 45 Crown Street, Reading, Berkshire, RG1 2SW - 1 views - 3 months ago

Sold STC

Leasehold

BTL

ROI: 6%

~62 m²

+4 photos

ValuationOvervalued

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

Square Metres	~61.70 m²
Price/m²	£3.6K/m²
Value Estimate	£193,914£193,914

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£14,100£14,100
Total Cash In	£69,100£69,100

Cash Out
Rent Range	£1,250 - £2,600£1,250 - £2,600
Rent Estimate	£1,300
Running Costs/mo	£968£968
Cashflow/mo	£333£333
Cashflow/yr	£3,990£3,990
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

37 sold prices from £101.4K to £363K, average is £234K. £1.7K/m² to £5.4K/m², average is £3.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£188K	07/23	0.05 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	2	Flat
£240K	07/21	0.12 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£229K	01/21	0.15 mi	29 Compass House, South Street, Reading RG1 4GQ	£3,053	75	2	Flat
£230K	09/21	0.19 mi	Flat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS	-	-	2	Flat
£145K	11/20	0.21 mi	4, Katesgrove Lane, Reading RG1 2ND	£2,042	71	2	Flat
£170K	01/23	0.27 mi	Flat 48, Lynden Mews, Dale Road, Reading RG2 0AT	-	-	2	Flat
£300K	06/21	0.28 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£265K	09/21	0.28 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£247.8K	11/21	0.29 mi	Flat 7, Greys Court, Sidmouth Street, Reading RG1 4PP	-	-	2	Flat
£295K	04/23	0.29 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	0.29 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£261.5K	02/23	0.31 mi	1, Westerham Walk, Reading RG2 0BA	-	-	2	Flat
£208K	03/21	0.33 mi	4, St Pauls Court, Reading RG1 6HF	£3,782	55	2	Flat
£220K	06/21	0.34 mi	47, Tippett Rise, Reading RG2 0DJ	£3,056	72	2	Flat
£101.4K	02/23	0.35 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£195K	03/23	0.35 mi	104, Tippett Rise, Reading RG2 0DZ	£2,786	70	2	Flat
£200K	11/20	0.36 mi	Top Floor Flat, 183a, Elgar Road, Reading RG2 0DH	-	-	2	Flat
£330K	06/21	0.42 mi	Flat 22, Q2, Watlington Street, Reading RG1 4AY	£4,352	76	2	Flat
£180K	06/23	0.54 mi	Flat 19, Icon House, Merchants Place, Reading RG1 1EQ	-	-	2	Flat
£250K	02/21	0.54 mi	Flat 21, Projection West, Merchants Place, Reading RG1 1ET	-	-	2	Flat
£229K	01/21	0.55 mi	29 Compass House, South Street, Reading RG1 4GQ	£3,053	75	2	Flat
£240K	09/21	0.66 mi	10, Southern Hill, Reading RG1 5ES	£4,706	51	2	Flat
£255K	11/20	0.66 mi	32, Southern Hill, Reading RG1 5ES	£4,165	61	2	Flat
£290K	12/22	0.67 mi	Flat 36, Milward Court, Warwick Road, Reading RG2 7BG	-	-	2	Flat
£275K	05/23	0.69 mi	78, Kennet Walk, Reading RG1 3GF	£3,125	88	2	Flat
£215K	04/23	0.7 mi	23, Stratheden Place, Reading RG1 7BH	£3,839	56	2	Flat
£234K	10/20	0.74 mi	Flat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY	-	-	2	Flat
£245K	12/22	0.74 mi	Flat 15, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£283K	02/23	0.74 mi	Flat 2, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£146K	06/21	0.77 mi	6, Robert Parker Road, Reading RG1 3FN	£1,718	85	2	Flat
£215K	10/21	0.79 mi	29, Bedford Road, Reading RG1 7EU	£3,468	62	2	Flat
£198K	12/20	0.87 mi	59b, Cardiff Road, Reading RG1 8ET	£3,143	63	2	Flat
£300K	04/21	0.92 mi	Flat 18, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£363K	06/23	0.92 mi	Flat 57, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£285K	01/21	0.93 mi	3, The Brookmill, Reading RG1 6DD	£5,377	53	2	Flat
£189.9K	05/21	0.97 mi	Flat 6, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£168K	06/21	0.97 mi	Flat 1, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat

Local Rents

49 rents from £1.3K/mo to £2.6K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,450	07/24	0.01 mi	Crown Street, Reading	2	Flat
£1,450	10/24	0.01 mi	-	2	Flat
£1,450	07/24	0.03 mi	Crown Street, Reading	2	Flat
£1,495	08/24	0.03 mi	Crown Street, Reading	2	Flat
£1,495	09/24	0.03 mi	Crown Street, Reading	2	Flat
£1,400	10/23	0.05 mi	City Gate, Reading, RG1 2QW	2	Flat
£1,400	08/24	0.05 mi	-	2	Flat
£1,400	11/24	0.06 mi	-	2	Flat
£1,425	09/24	0.06 mi	Southampton Street, Reading, RG1	2	Flat
£1,650	09/24	0.06 mi	-	2	Flat
£1,540	04/25	0.06 mi	-	2	Flat
£1,400	02/24	0.07 mi	-	2	Terraced House
£2,600	07/24	0.07 mi	-	2	Flat
£1,950	07/24	0.07 mi	-	2	Flat
£2,200	11/24	0.07 mi	-	2	Flat
£1,950	07/24	0.07 mi	Southampton Street, Reading, RG1	2	Flat
£1,750	08/24	0.07 mi	Silver Street, Reading	2	Flat
£1,450	07/24	0.07 mi	-	2	Flat
£1,300	07/24	0.08 mi	Upper Crown Street, Reading, Berkshire	2	House
£1,495	08/24	0.08 mi	Iliffe Close, Reading, RG1	2	Flat
£1,495	10/24	0.08 mi	-	2	Flat
£1,350	07/24	0.09 mi	Reading, Berkshire	2	Terraced House
£1,250	07/24	0.09 mi	Blenheim Court, London Street	2	Flat
£1,995	07/24	0.09 mi	London Street, Reading, Berkshire, RG1	2	Flat
£1,500	07/24	0.1 mi	-	2	Flat
£2,400	07/24	0.1 mi	-	2	Flat
£1,450	01/25	0.1 mi	-	2	Flat
£1,350	08/24	0.1 mi	Aveley House, Iliffe Close, Reading, RG1	2	Flat
£1,400	07/24	0.1 mi	Aveley House, Iliffe Close, Reading, Berkshire, RG1	2	Flat
£1,450	10/23	0.1 mi	Church Street, Reading, Berkshire, RG1	2	Terraced House
£1,500	07/24	0.1 mi	Aveley House, READING RG1 2QF	2	Flat
£1,500	07/24	0.1 mi	Aveley House, READING RG1 2QF	2	Flat
£1,450	07/24	0.1 mi	Aveley House, Iliffe Close, Reading, Berkshire, RG1	2	Flat
£1,300	07/24	0.1 mi	Silver Street, Reading	2	Flat
£1,400	07/24	0.1 mi	Platinum Apartments	2	Flat
£1,500	08/24	0.1 mi	32 Silver Street, Reading, RG1	2	Flat
£1,400	08/24	0.1 mi	Sherman Road, Reading, Berkshire, RG1	2	Terraced House
£1,675	07/24	0.1 mi	London Street, Reading, RG1	2	Flat
£1,875	11/24	0.1 mi	London Street, Reading, RG1	2	Flat
£1,500	11/24	0.1 mi	-	2	Flat
£1,350	07/24	0.1 mi	Quadrant Court, Reading	2	Flat
£1,350	08/24	0.1 mi	Quadrant Court, Reading	2	Flat
£1,350	07/24	0.1 mi	London Street, Reading	2	Flat
£1,900	08/24	0.11 mi	London Street, Reading, Berkshire, RG1	2	Flat
£1,600	08/24	0.11 mi	118 London Street	2	Flat
£1,450	07/24	0.11 mi	Quadrant Court, Jubilee Square, Reading, Berkshire, RG1	2	Flat
£1,500	03/25	0.11 mi	-	2	Flat
£1,500	04/25	0.11 mi	-	2	Flat
£1,500	10/24	0.11 mi	-	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.26 miles away0.26 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.64 miles away0.64 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

Listed for £220,000

February 7, 2025

Floor Plans

Description

Executive Two Bedroom Apartment +
No Onward Chain +
Spacious 24ft Living Area +
Walking Distance To Town Centre/Train Station +
Ideal Investment Property +
Lift Acess +
Allocated Parking Space +

Two bedroom apartment close to Reading town centre and the mainline railway station, this very well presented, modern upper floor apartment is ideal for first time buyers, and investment buyers alike. Benefitting from secure telecom entry system and well maintained communal areas, the accommodation briefly comprises an entrance hall with storage, a modern three piece bathroom suite and an impressive open plan living room/kitchen which was replaced 3 years old with new appliances, the electric water tank was also replaced 2 years ago, currently the apartment has been set up to incorporate a study/dining room but could be converted back to a bedroom.
Perfect for anyone looking to commute into the city via Reading's exceptional transport links, the property also benefits from allocated parking, which is set behind private gates.

Location:
Reading is one of the south east's largest towns only 25 minutes from London by train, with trains running every five minutes or so, Reading is home to many of the city's commuters. Reading also has easy links by road or rail to Swindon, Oxford, Basingstoke, Heathrow and farther afield. Beyond the hive of commercial activity, Reading is nestled in the heart of Royal Berkshire offering beautiful riverside walks on the Thames and tow path ambles on the Kennet and Avon canals and with the nearby Berkshire Downs and Chilterns, beautiful countryside is never far away. Reading offers a rich mix of shops and markets. In the heart of the town, The Oracle combines chic boutiques with other major chain stores and within a minute's walk there are many high-street favourites including John Lewis and Marks & Spencer. There are restaurants, cafes and brasseries to suit every taste in Reading. Plus there are numerous bars and restaurants on the Oracle Riverside.

Agent Details

Winkworth, Reading

0118 230 5501

Next Steps?

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2 Bed Flat, Single Let, Reading, RG1 2SW, £220,000

ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents