2 Bed Flat, Single Let, Reading, RG4 8BQ, £230,000

The Willows, Caversham, RG4 8BQ - 2 months ago

Leasehold
BTL
ROI: 5%
~52 m²
+7 photos

ValuationOvervalued

Sold Prices£180K - £585K
Sold Prices/m²£2.6K/m² - £5.7K/m²

 

 

Square Metres

~51.56 m²
Price/m²£4.5K/m²

Value Estimate

£219,460

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Rent Range

£1,250 - £3,280

Rent Estimate

£1,300

Running Costs/mo

£999

Cashflow/mo

£301

Cashflow/yr

£3,615

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £180K to £585K, average is £261.3K. £2.6K/m² to £5.7K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£335K12/220.08 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£340K02/230.12 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K01/230.13 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£295K02/230.13 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£395K10/200.14 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.14 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.14 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.14 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.14 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/220.14 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£300K04/210.15 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.15 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£262.5K09/210.16 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.16 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£250K10/220.24 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£257.5K05/210.26 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£230K05/210.29 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£265K10/220.33 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£227.5K09/210.39 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.39 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.39 mi14, Waller Court, Caversham, Reading RG4 6DB2
£198K12/200.4 mi59b, Cardiff Road, Reading RG1 8ET2
£490K05/210.44 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.44 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.44 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£234K10/200.46 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£243.5K12/200.5 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£407.5K10/200.51 miFlat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS2
£180K06/230.54 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£250K06/210.54 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.54 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£250K02/210.54 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£255K03/210.61 mi35, Field View, Caversham, Reading RG4 5HD2
£215K04/230.65 mi23, Stratheden Place, Reading RG1 7BH2
£229.9K01/210.68 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£367.5K02/210.77 mi6, George Close, Caversham, Reading RG4 5EW2
£215K10/210.81 mi29, Bedford Road, Reading RG1 7EU2
£200K06/210.82 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.82 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£240K06/210.84 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.84 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.84 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.84 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.84 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£270.9K10/220.85 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.85 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.85 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£185K12/200.88 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£295K04/230.88 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.88 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2

Local Rents

49 rents from £1.3K/mo to £3.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,45007/240.12 miAbbotsmead Place2
£1,37512/240.12 mi-2
£1,69507/240.13 miRiverside Court, Caversham2
£1,35012/240.13 mi-2
£1,75012/240.13 miRiverside Court, Caversham, Reading2
£1,79507/240.13 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,37507/240.14 miAbbotsmead Place, Wolsey Road, Caversham, Reading, RG42
£3,28007/240.14 miRegents Riverside, Reading, Berkshire2
£2,00002/240.14 mi-2
£3,28010/240.14 mi-2
£1,69507/240.14 miRegents Riverside2
£1,60007/240.15 miDe Montfort Road, Reading2
£1,60008/240.15 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,70007/240.15 miRegents Riverside, Brigham Road, Reading, RG12
£1,65007/240.15 miRegents Riverside, Brigham Road, Reading, RG12
£1,25007/240.17 miSt. Martins Precinct, Church Street, Caversham, Reading, RG42
£1,90007/240.18 mi-2
£1,40007/240.18 mi-2
£1,65007/240.18 miPatrick Road, Caversham, Reading2
£1,30007/240.19 miCaversham Road, Reading2
£1,35007/240.19 miCaversham Road, Reading2
£1,50012/240.19 miTamesis Place, Patrick Road, Caversham2
£1,65007/240.19 miTamesis Place2
£1,65003/250.2 mi-2
£1,65007/240.2 miRegents Riverside, Brigham Road, Reading2
£1,35009/240.2 miLynmouth Court, Lynmouth Road2
£1,75012/240.21 miNorth Street, Caversham2
£1,65012/240.21 mi-2
£1,30002/240.22 mi-2
£1,45004/250.22 mi-2
£1,35008/240.22 miSwansea Road, Reading, RG12
£1,35009/240.22 mi-2
£1,27507/240.23 miRandolph Road2
£1,35009/240.23 miRandolph Road2
£1,70001/240.23 mi-2
£1,75007/240.24 miCaversham, Reading2
£1,39508/240.28 miDenbeigh Place2
£1,60008/240.29 miSwansea Road, Reading, RG12
£1,58010/240.29 mi-2
£1,29502/250.29 mi-2
£1,70007/240.29 miNorman Place, Reading, RG12
£1,52510/240.3 mi-2
£1,40007/240.32 mi2 Auburn Court2
£1,52511/240.33 mi-2
£1,55004/250.34 mi-2
£1,50008/240.34 miSwansea Road, Reading2
£1,50008/240.34 miSwansea Road, Reading2
£2,80002/240.35 mi-2
£1,35007/240.36 miSouth View Avenue, Caversham2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

0.88 miles away

Nearest school

0.10 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £230,000

March 16, 2025

Listed for £250,000

February 7, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • Ideal investment or first time purchase- currently achieving a 5% yield +
  • Located in central Caversham +
  • Close to all local amenities +
  • Walking distance to Reading Town Centre and mainline station +
  • Overlooking The River Thames +
  • 18ft living/dining room with access to balcony +
  • 13ft master bedroom +
  • 958 year lease +

Masons are proud to offer to the market this two bedroom top floor apartment, overlooking The River Thames in the centre of Caversham, close to all local amenities and within walking distance of Reading Town Centre and mainline station. Ideal for investors or first time buyers and currently achieving approximately a 5% yield, the property benefits from an 18ft living/dining room with access to the balcony which overlooks Christchurch Meadows and The River Thames, a 9ft kitchen, a 13ft master bedroom with built in wardrobe, a 10ft second bedroom with built in wardrobe and a family bathroom. Further benefits of the property include a 958 year lease, a peppercorn ground rent and the property is offered for sale with NO ONWARD CHAIN.

Front door opens into the hallway which boasts an airing cupboard and doors to...

Bathroom:

Fitted with a bath with overhead shower, low level WC and hand wash basin.

Living/dining room:
18`1" x 10`
Double glazed with a rear aspect, sliding doors onto the balcony.

Balcony:

Decked and enclosed by a timber balustrade with views over Christchurch Meadows and The River Thames.

Kitchen:
9`2" x 6`4"
Double glazed with a rear aspect, fitted with a range of eye and base level units with roll edge tops and tiled surround, oven with extractor above, sink with drainer and space for further appliances.

Bedroom 1:
13`5" x 9`1"
Double glazed with a front aspect and built in wardrobe.

Bedroom 2:
10`6" x 7`3"
Double glazed with a front aspect and built in wardrobe.

Outside:

The property is within walking distance of Caversham centre, Reading Centre & mainline station, all local amenities and to the rear of the building you will find Christchurch Meadows and The River Thames.

what3words /// chimp.face.swing

Notice
Whilst every care has been taken in the preparation of these particulars, and they are believed to be correct, they are not warranted and intending purchasers/lessees should satisfy themselves as to the correctness of the information given.Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Masons, Caversham

0118 946 1140

Next Steps?

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