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
BMV25%

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.

PriceDateDistanceAddressBeds 
£245K12/220.06 miFlat 15, The Pinnacle, Kings Road, Reading RG1 4LY2
£283K02/230.06 miFlat 2, The Pinnacle, Kings Road, Reading RG1 4LY2
£275K05/230.26 mi78, Kennet Walk, Reading RG1 3GF2
£229K01/210.27 mi29 Compass House, South Street, Reading RG1 4GQ2
£146K06/210.29 mi6, Robert Parker Road, Reading RG1 3FN2
£255K02/230.4 mi1, Haywood Court, Reading RG1 3QF2
£330K06/210.42 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2
£247.8K11/210.52 miFlat 7, Greys Court, Sidmouth Street, Reading RG1 4PP2
£295K04/230.59 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.59 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£229K01/210.71 mi29 Compass House, South Street, Reading RG1 4GQ2
£240K09/210.73 mi10, Southern Hill, Reading RG1 5ES2
£255K11/200.73 mi32, Southern Hill, Reading RG1 5ES2
£230K09/210.73 miFlat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS2
£188K07/230.76 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2
£270.9K10/220.82 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.82 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.82 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£240K07/210.83 mi11, Deansgate Road, Reading RG1 2RZ2
£200K06/210.84 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.84 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£261.5K02/230.88 mi1, Westerham Walk, Reading RG2 0BA2
£290K12/220.91 miFlat 36, Milward Court, Warwick Road, Reading RG2 7BG2
£185K12/200.93 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£180K06/230.95 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£250K02/210.97 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£265K09/211 mi34, Swan Place, Reading RG1 6QD2
£145K11/201 mi4, Katesgrove Lane, Reading RG1 2ND2

Local Rents

49 rents from £1.1K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,55011/240.05 mi-2
£1,37512/240.05 mi-2
£1,55012/240.05 mi-2
£1,45004/250.05 mi-2
£1,55004/250.05 mi-2
£1,55010/230.05 miThe Pinnacle, Kings Road, Reading, Berkshire, RG12
£1,50007/240.05 miThe Pinnacle, Kings Road, Reading, Berkshire, RG12
£1,55007/240.05 miThe Pinnacle, Kings Road, Reading, Berkshire, RG12
£1,40007/240.06 miThe Pinnacle, Kings Road, Reading, RG12
£1,80012/240.07 mi-2
£1,75004/250.07 mi-2
£1,70007/240.08 miKings Road, Reading, RG12
£1,70007/240.08 mi-2
£1,80004/250.08 mi-2
£1,80007/240.08 mi-2
£1,80011/240.08 mi-2
£1,40007/240.08 miSovereign Court, Kings Road2
£1,40012/240.08 mi-2
£1,90007/240.08 miPalmer Street, Readiing, RG12
£1,72507/240.08 miPalmer Street, Reading, RG12
£1,72507/240.08 miPalmer Street, Reading, RG12
£1,75007/240.08 miPalmer Street, Reading, RG12
£1,75007/240.08 miPalmer Street, Reading, RG12
£1,95007/240.08 miPalmer Street, Reading, RG12
£1,72507/240.08 miPalmer Street, Reading, RG12
£1,80007/240.08 miPalmer Street, Reading, RG12
£1,92507/240.08 miPalmer Street, Reading, RG12
£1,75007/240.08 miPalmer Street, Reading, RG12
£1,35007/240.1 miCumberland Road, Reading, Berkshire, RG12
£1,65007/240.11 mi300 Kings Road, Reading2
£1,20007/240.11 miPrestwick Ct., Muirfield Close, Reading2
£1,35007/240.12 miMuirfield Close, Reading, RG1 4PQ2
£1,40004/250.13 mi-2
£1,05007/240.13 miCumberland Road, Reading2
£1,25007/240.13 miAmity Road, Reading, Berkshire, RG12
£1,40007/240.13 mi-2
£1,42504/250.13 mi-2
£1,45004/250.14 mi-2
£1,25002/250.14 mi-2
£1,45009/240.15 mi-2
£1,20004/250.16 mi-2
£1,35007/240.16 miKennet Walk, Reading, RG12
£1,20007/240.17 miKings Road, Reading2
£1,52501/250.17 mi-2
£1,49507/240.18 miKings Road, Reading, RG12
£1,45007/240.19 miCholmeley Terrace, Reading, Berkshire, RG12
£1,34507/240.19 miMontague Street, Reading2
£1,70004/250.19 mi-2
£1,05002/240.2 mi-2

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

Charming Two-Bedroom Apartment at Crossway Point, Norwood Road, Reading – A Perfect Blend of Comfort & Convenience

Ideally located two-bedroom apartment in the sought-after area of Norwood Road, Reading. Offering a modern and comfortable living space, this apartment is an excellent choice for individuals or small families looking to settle in a vibrant community. Whether you’re looking for local shops, restaurants, or leisure facilities, you’ll find everything you need within easy reach. For those commuting to work, the property benefits from excellent transport links; regular bus routes provide access to the town center and Reading Station.

The open-plan living area is bathed in natural light, creating a warm and welcoming atmosphere. It’s an ideal space for both relaxation and entertaining guests. Both bedrooms are well-proportioned and offer plenty of room, providing a peaceful retreat. The bathroom is fitted with modern features and finishes, ensuring comfort and convenience for your daily routines.

This apartment at Crossway Point offers a fantastic opportunity to experience modern living in a convenient, well-connected location. Whether you're looking to invest or live here yourself, this property is sure to attract a variety of interest. Don’t miss your chance to make this charming apartment your new home!
For more information or to arrange a viewing, contact us today on .

NO ONWARD CHAIN COMPLICATIONS

Lease years remaining - 80 years
Ground rent - TBC
Service charge - TBC
Ground rent - TBC

Agent Details

Hunters, Reading

0118 230 7051

Next Steps?

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