2 Bed Flat, Single Let, Reading, RG1 3LF, £185,000
Crossway Point, Norwood Road, Reading, RG1 3LF - 2 months ago
Leasehold
BTL
ROI: 6%
~68 m²


ValuationUndervalued
Sold Prices | £145K - £330K |
Sold Prices/m² | £1.7K/m² - £4.7K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £2.7K/m² |
Value Estimate | £231,250 |
BMV | 25% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £46,250 |
Stamp Duty & Legal Fees | £10,450 |
Total Cash In | £56,700 |
| |
Cash Out | |
Rent Range | £1,050 - £1,950 |
Rent Estimate | £1,106 |
Running Costs/mo | £819 |
Cashflow/mo | £287 |
Cashflow/yr | £3,440 |
ROI | 6% |
Gross Yield | 7% |
Local Sold Prices
28 sold prices from £145K to £330K, average is £245K. £1.7K/m² to £4.7K/m², average is £3.8K/m².
Local Rents
49 rents from £1.1K/mo to £1.9K/mo, average is £1.5K/mo.
Local Area Statistics
Population in RG1 | 43,085 |
Population in Reading | 321,187 |
Town centre distance | 0.94 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.96 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +18% |
Sales demand | Balanced market |
Capital growth (5yrs) | +7% |
Property History
Listed for £185,000
February 17, 2025
Floor Plans

Description
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