2 Bed Flat, Single Let, Reading, RG2 7DZ, £240,000

Mansell Court, READING, RG2 7DZ - 2 views - 2 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£97.5K - £305K
Sold Prices/m²£1.9K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£246,609
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£1,150 - £1,650

Rent Estimate

£1,198

Running Costs/mo

£1,010

Cashflow/mo

£188

Cashflow/yr

£2,261

ROI

3%

Gross Yield

6%

Local Sold Prices

30 sold prices from £97.5K to £305K, average is £213.8K. £1.9K/m² to £5.1K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£210K12/220.12 mi38, Emmbrook Court, Reading RG6 5TZ2
£195K12/220.12 mi14, Emmbrook Court, Reading RG6 5TZ2
£220K08/210.12 mi19, Emmbrook Court, Reading RG6 5TZ2
£252.5K06/210.16 mi1a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£242K07/230.16 mi14a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£305K12/220.17 mi6, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£191K09/210.22 mi5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU2
£150K09/220.22 mi27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU2
£100K06/210.43 mi90, Windermere Road, Reading RG2 7HR2
£155K06/210.51 mi48, Windermere Road, Reading RG2 7HP2
£210K02/210.54 mi16, Burdett Court, Reading RG2 7HY2
£205K02/230.54 mi14, Burdett Court, Reading RG2 7HY2
£175K01/210.59 mi32, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£202K01/210.59 mi48, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£150K10/220.59 mi27, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£130K10/220.59 mi51, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£215K08/210.82 mi10, Fakenham Close, Lower Earley, Reading, Wokingham RG6 4AB2
£270K06/230.87 mi2, Felthorpe Close, Lower Earley, Reading, Wokingham RG6 4AF2
£228K06/230.9 mi19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR2
£97.5K11/220.9 miFlat 16, Southglade, Whitley Wood Road, Reading RG2 8JS2
£220K09/210.9 mi44, Perigee, Shinfield, Reading, Wokingham RG2 9FT2
£290K12/220.91 miFlat 36, Milward Court, Warwick Road, Reading RG2 7BG2
£212.5K04/210.93 miSecond Floor Flat, 20, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£215K06/230.93 miFirst Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£230K12/220.93 miGround Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£240K09/210.96 mi10, Southern Hill, Reading RG1 5ES2
£255K11/200.96 mi32, Southern Hill, Reading RG1 5ES2
£200K03/210.98 mi26, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£219K09/210.98 mi6, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£227.5K06/210.98 mi4, Rossby, Shinfield, Reading, Wokingham RG2 9FS2

Local Rents

38 rents from £1.1K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,50008/240.01 mi-2
£1,45004/250.01 mi-2
£1,50007/240.01 miMansell Court, Reading, RG22
£1,50001/250.1 mi-2
£1,35007/240.11 miDevonshire Park, Reading2
£1,45009/240.2 miLinden Road, Reading, Berkshire, RG22
£1,65012/240.2 mi-2
£1,39509/240.23 mi-2
£1,35008/240.23 miLangdale Gardens, Earley, Reading, RG62
£1,55007/240.3 miElm Road, Earley, Reading, Berkshire, RG62
£1,45007/240.3 miElm Road, Earley, Reading, Berkshire, RG62
£1,30002/250.31 mi-2
£1,30003/250.31 mi-2
£1,20007/240.33 miDownham Court, Shinfield Road, Reading, Berkshire, RG22
£1,20007/240.33 mi-2
£1,25009/240.34 miDownham Court, Shinfield Road, Reading, Berkshire, RG22
£1,39508/240.34 mi-2
£1,39510/240.34 mi-2
£1,15001/250.34 mi-2
£1,20007/240.34 miShinfield Road, Reading, RG22
£1,43008/240.34 miCopperdale Close, Earley, Reading, RG62
£1,35008/240.34 mi-2
£1,19508/240.35 miNewstead Rise, Reading, Berkshire, RG22
£1,50002/240.37 mi-2
£1,50012/240.37 mi-2
£1,29507/240.38 miCressingham Road2
£1,29507/240.38 miFlat 3, 51 Cressingham Road2
£1,25007/240.44 miWindermere Road, Reading, RG22
£1,40003/250.49 mi-2
£1,20004/250.5 mi-2
£1,20007/240.51 miWindermere Road, Reading, Berkshire, RG22
£1,65009/240.53 mi-2
£1,50007/240.54 miAvenue Heights, Reading2
£1,50010/230.56 miShinfield Road, Reading, Berkshire, RG22
£1,40008/240.57 miFrieth Close, Earley, Reading, Berkshire, RG62
£1,40001/250.57 mi-2
£1,40002/240.61 mi-2
£1,40003/250.61 mi-2

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

1.83 miles away

Nearest school

0.10 miles away

Nearest train station

1.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £240,000

February 14, 2025

Floor Plans

Description

  • No Onward Chain +
  • Two Bedrooms +
  • Recently Refurbished First Floor Apartment +
  • Allocated Parking & Guest Parking +
  • Long Lease, Communal Gardens +

SUMMARY
Offered to the market with no onward chain is this well-presented two bedroom first floor apartment. Situated in a sought-after location offering excellent access to Reading University, Reading town centre, Royal Berkshire hospital and the M4.

DESCRIPTION
The property is situated in the popular village of Shinfield which is ideally located for easy access to the M4 motorway and the A33 to Basingstoke. Reading Town Centre is located within 2 miles and offers a variety of high street and designer shops, cinema, cafes and riverside restaurants.

In the village of Shinfield there is a local Co op and other local shops and facilities. The Asda Complex, Marks and Spencers Foodhall, Iceland and Costa are all located at Lower Earley which is situated within 2 miles.

Entrance Hall 

Lounge 14' 9" x 13' 8" ( 4.50m x 4.17m )

Kitchen 12' 10" x 5' 11" ( 3.91m x 1.80m )

Bedroom One 11' 11" x 8' 10" ( 3.63m x 2.69m )

Bedroom Two 11' 11" x 6' 1" ( 3.63m x 1.85m )

Bathroom 

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Roger Platt, Lower Earley

0118 230 0198

Next Steps?

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