2 Bed Flat, Single Let, Reading, RG4 5NA, £259,500

Amersham Road, Caversham, Reading, Berkshire, RG4 5NA - 2 views - 2 months ago

Leasehold

BTL

ROI: 3%

~68 m²

+8 photos

ValuationUndervalued

Sold Prices	£146K - £395K
Sold Prices/m²	£1.7K/m² - £5.7K/m²

Square Metres	~68.11 m²
Price/m²	£3.8K/m²
Value Estimate	£296,447£296,447
BMV	14%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£64,875£64,875
Stamp Duty & Legal Fees	£9,460£9,460
Total Cash In	£74,335£74,335

Cash Out
Rent Range	£1,200 - £3,000£1,200 - £3,000
Rent Estimate	£1,250
Running Costs/mo	£1,081£1,081
Cashflow/mo	£169£169
Cashflow/yr	£2,029£2,029
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

45 sold prices from £146K to £395K, average is £265K. £1.7K/m² to £5.7K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£200K	06/21	0 mi	72, Amersham Road, Caversham, Reading RG4 5NA	£3,333	60	2	Flat
£245K	02/21	0 mi	84, Amersham Road, Caversham, Reading RG4 5NA	£4,138	59	2	Flat
£270.9K	10/22	0.04 mi	100a, Meadow Way, Caversham, Reading RG4 5LY	£4,516	60	2	Flat
£230K	09/21	0.04 mi	124, Meadow Way, Caversham, Reading RG4 5LY	£3,770	61	2	Flat
£220K	06/21	0.04 mi	34, Meadow Way, Caversham, Reading RG4 5LY	£3,860	57	2	Flat
£185K	12/20	0.1 mi	1, Alston Walk, Caversham, Reading RG4 5DD	£3,837	48	2	Flat
£240K	06/21	0.23 mi	6, Luscombe Close, Caversham, Reading RG4 5LG	£3,957	61	2	Flat
£245K	03/21	0.23 mi	24, Luscombe Close, Caversham, Reading RG4 5LG	£2,606	94	2	Flat
£255K	12/20	0.23 mi	10, Luscombe Close, Caversham, Reading RG4 5LG	£3,355	76	2	Flat
£187.2K	03/21	0.23 mi	23, Luscombe Close, Caversham, Reading RG4 5LG	£2,925	64	2	Flat
£286K	03/23	0.23 mi	8, Luscombe Close, Caversham, Reading RG4 5LG	£4,469	64	2	Flat
£265K	10/22	0.49 mi	140, Gosbrook Road, Caversham, Reading RG4 8BJ	£5,000	53	2	Flat
£230K	05/21	0.55 mi	168, Gosbrook Road, Caversham, Reading RG4 8BJ	£3,538	65	2	Flat
£367.5K	02/21	0.56 mi	6, George Close, Caversham, Reading RG4 5EW	£5,034	73	2	Flat
£250K	10/22	0.6 mi	94, Gosbrook Road, Caversham, Reading RG4 8BJ	-	-	2	Flat
£255K	03/21	0.6 mi	35, Field View, Caversham, Reading RG4 5HD	£4,554	56	2	Flat
£146K	06/21	0.61 mi	6, Robert Parker Road, Reading RG1 3FN	£1,718	85	2	Flat
£227.5K	09/21	0.63 mi	2, Waller Court, Caversham, Reading RG4 6DB	£5,417	42	2	Flat
£260K	02/21	0.63 mi	28, Waller Court, Caversham, Reading RG4 6DB	£4,017	65	2	Flat
£230K	03/21	0.63 mi	14, Waller Court, Caversham, Reading RG4 6DB	£4,107	56	2	Flat
£262.5K	09/21	0.67 mi	91, Elliots Way, Caversham, Reading RG4 8BW	£5,250	50	2	Flat
£265K	03/21	0.67 mi	71, Elliots Way, Caversham, Reading RG4 8BW	£5,528	48	2	Flat
£275K	05/23	0.69 mi	78, Kennet Walk, Reading RG1 3GF	£3,125	88	2	Flat
£295K	02/23	0.7 mi	74, Elliots Way, Caversham, Reading RG4 8BF	£5,673	52	2	Flat
£330K	01/23	0.7 mi	86, Elliots Way, Caversham, Reading RG4 8BF	£5,593	59	2	Flat
£300K	04/21	0.83 mi	Flat 18, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£363K	06/23	0.83 mi	Flat 57, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£335K	12/22	0.84 mi	9, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£229K	01/21	0.85 mi	29 Compass House, South Street, Reading RG1 4GQ	£3,053	75	2	Flat
£245K	12/22	0.88 mi	Flat 15, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£283K	02/23	0.88 mi	Flat 2, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£250K	06/21	0.88 mi	Flat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY	-	-	2	Flat
£265K	05/21	0.88 mi	Flat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY	-	-	2	Flat
£340K	02/23	0.89 mi	11, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£330K	06/21	0.9 mi	Flat 22, Q2, Watlington Street, Reading RG1 4AY	£4,352	76	2	Flat
£350K	10/22	0.9 mi	57, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,375	80	2	Flat
£395K	10/20	0.9 mi	37, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,389	90	2	Flat
£269K	06/21	0.9 mi	4, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,419	61	2	Flat
£277K	03/21	0.9 mi	2, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,397	63	2	Flat
£295K	03/21	0.9 mi	20, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£330K	04/23	0.9 mi	45, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£350K	02/21	0.94 mi	19, Lomond Avenue, Caversham, Reading RG4 6PL	-	-	2	Flat
£255K	02/23	0.99 mi	1, Haywood Court, Reading RG1 3QF	£3,295	77	2	Flat
£295K	04/23	0.99 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	0.99 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat

Local Rents

50 rents from £1.2K/mo to £3K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,000	12/24	0.03 mi	-	2	Flat
£1,300	12/24	0.04 mi	Meadow Way, Caversham, Reading, Berkshire, RG4	2	Flat
£1,300	12/24	0.04 mi	Meadow Way, Caversham	2	Flat
£1,300	12/24	0.04 mi	Meadow Way, Caversham	2	Flat
£1,590	12/24	0.06 mi	-	2	Terraced House
£1,600	12/24	0.12 mi	Dickens Close, Caversham, Reading	2	Semi-Detached House
£1,200	07/24	0.2 mi	Pipers Gate, Star Road, Caversham, Reading, RG4	2	Flat
£1,250	12/24	0.2 mi	Pipers Gate, Star Road, Caversham, Reading, RG4	2	Flat
£1,500	12/24	0.21 mi	Star Road, Caversham, Reading	2	Terraced House
£1,500	12/24	0.21 mi	-	2	Terraced House
£1,350	12/24	0.22 mi	Willow Court	2	Flat
£1,350	12/24	0.23 mi	Briants Avenue, Caversham, Reading	2	Flat
£1,700	12/24	0.26 mi	-	2	Detached House
£1,700	12/24	0.26 mi	Send Road, Caversham, Reading	2	Detached House
£1,250	07/24	0.34 mi	Ruskin, Henley Road, Reading, Berkshire, RG4	2	Flat
£1,300	12/24	0.37 mi	-	2	Terraced House
£1,350	12/24	0.38 mi	Kings Road, Caversham, Reading	2	Terraced House
£1,450	12/24	0.42 mi	Ardler Road, Caversham	2	Terraced House
£1,650	07/24	0.43 mi	Queens Road, Caversham, Reading, Berkshire, RG4	2	Terraced House
£1,600	07/24	0.43 mi	Queens Road, Caversham, RG4	2	Terraced House
£1,600	02/24	0.44 mi	-	2	Terraced House
£1,675	12/24	0.44 mi	Kings Road, Reading, Berkshire, RG4	2	Terraced House
£1,400	12/24	0.44 mi	Kings Road, Caversham	2	Terraced House
£1,650	04/25	0.45 mi	-	2	Flat
£1,700	03/25	0.45 mi	-	2	Flat
£1,650	02/24	0.45 mi	-	2	Flat
£1,650	07/24	0.45 mi	Luscinia View, Napier Road, Reading, Berkshire, RG1	2	Flat
£1,695	10/23	0.45 mi	Luscinia View, Napier Road, Reading, Berkshire, RG1	2	Flat
£1,595	08/24	0.45 mi	Napier Road	2	Flat
£1,550	10/23	0.45 mi	Napier Road, Reading, Berkshire, RG1	2	Flat
£1,500	07/24	0.46 mi	Luscinia View, Napier Road, Reading, Berkshire, RG1	2	Flat
£1,445	07/24	0.48 mi	Luscinia View	2	Flat
£1,695	10/23	0.48 mi	Luscinia View, Napier Road, Reading, Berkshire, RG1	2	Flat
£1,600	07/24	0.48 mi	Luscinia View, Napier Road, Reading, Berkshire, RG1	2	Flat
£2,300	04/25	0.48 mi	-	2	Flat
£2,500	04/25	0.48 mi	-	2	Flat
£1,650	07/24	0.48 mi	Luscinia View, Napier Road, Reading, Berkshire, RG1	2	Flat
£1,600	07/24	0.49 mi	Luscinia View, Reading	2	Flat
£1,595	08/24	0.49 mi	Napier Road, Reading	2	Flat
£1,725	04/25	0.49 mi	-	2	Flat
£1,600	09/24	0.5 mi	Luscinia View, Reading, RG1	2	Flat
£1,500	11/24	0.5 mi	-	2	Flat
£1,700	03/25	0.5 mi	-	2	Flat
£1,700	07/24	0.5 mi	Napier Road, Reading, RG1	2	Flat
£2,800	12/24	0.5 mi	-	2	Flat
£1,600	07/24	0.5 mi	Luscinia View, Napier Road, Reading, Berkshire, RG1	2	Flat
£1,495	07/24	0.5 mi	Luscinia View, Napier Road, Reading, Berkshire, RG1	2	Flat
£1,450	07/24	0.5 mi	Luscinia View, Napier Road, Reading, Berkshire, RG1	2	Flat
£1,750	09/24	0.5 mi	Luscinia View, Napier Road, Reading, Berkshire, RG1	2	Flat
£1,350	07/24	0.5 mi	Luscinia View, Reading	2	Flat

Local Area Statistics

Population in RG4	39,16039,160
Population in Reading	321,187321,187
Town centre distance	1.25 miles away1.25 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	0.92 miles away0.92 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

Listed for £259,500

February 10, 2025

Floor Plans

Description

Two Double Bedrooms +
Modern Family Bathroom +
Popular Residential Location +
Two Allocated Parking Spaces +
Easy Access To Reading Train Station +
Council Tax Band C +

Set in the heart of Caversham, is this two double bedroom top floor apartment in immaculate condition. Boasting great access to Reading Railway Station and the River Thames, this apartment is perfect for the daily commuter.

Going through the communal entrance and up to the top floor the property comprises a modern family bathroom with walk in shower, two well-proportioned double bedrooms. Lastly you have a large living/dining room with through access into the modern kitchen, featuring a number of integrated appliances. Externally you will find communal gardens, a bike shed and two allocated parking spaces.

This property is ideal as a first time buy, or an investor.

Viewings are highly recommended

Agent Details

Parkers, Caversham

0118 230 0603

Next Steps?

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

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