2 Bed Flat, Single Let, Reading, RG2 9FL, £230,000

Cirrus Drive, Shinfield, Reading, RG2 9FL - 2 months ago

Leasehold

BTL

ROI: 4%

~64 m²

+2 photos

ValuationFair Value

Sold Prices	£97.5K - £305K
Sold Prices/m²	£2.9K/m² - £5.1K/m²

Square Metres	~64.40 m²
Price/m²	£3.6K/m²
Value Estimate	£231,207£231,207

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£14,800£14,800
Total Cash In	£72,300£72,300

Cash Out
Rent Range	£1,150 - £1,550£1,150 - £1,550
Rent Estimate	£1,244
Running Costs/mo	£988£988
Cashflow/mo	£256£256
Cashflow/yr	£3,077£3,077
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

29 sold prices from £97.5K to £305K, average is £215K. £2.9K/m² to £5.1K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£200K	03/21	0.01 mi	26, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,846	52	2	Flat
£219K	09/21	0.01 mi	6, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,590	61	2	Flat
£227.5K	06/21	0.01 mi	4, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,482	65	2	Flat
£217.5K	12/20	0.03 mi	3, Greenwich Road, Shinfield, Reading, Wokingham RG2 9FJ	£3,346	65	2	Flat
£220K	09/21	0.08 mi	44, Perigee, Shinfield, Reading, Wokingham RG2 9FT	-	-	2	Flat
£228K	06/23	0.08 mi	19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR	£3,462	66	2	Flat
£212.5K	04/21	0.08 mi	Second Floor Flat, 20, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£215K	06/23	0.08 mi	First Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£230K	12/22	0.08 mi	Ground Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£97.5K	11/22	0.39 mi	Flat 16, Southglade, Whitley Wood Road, Reading RG2 8JS	-	-	2	Flat
£160K	05/21	0.56 mi	345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY	£2,888	55	2	Flat
£220K	12/22	0.56 mi	345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY	£3,971	55	2	Flat
£215K	08/21	0.67 mi	10, Fakenham Close, Lower Earley, Reading, Wokingham RG6 4AB	£3,644	59	2	Flat
£270K	01/23	0.68 mi	29, Songbird Close, Shinfield, Reading, Wokingham RG2 9AB	£3,214	84	2	Flat
£270K	06/23	0.69 mi	2, Felthorpe Close, Lower Earley, Reading, Wokingham RG6 4AF	-	-	2	Flat
£300K	09/21	0.73 mi	111, Skylark Way, Shinfield, Reading, Wokingham RG2 9AD	£3,896	77	2	Flat
£187.5K	01/21	0.89 mi	5a, School Green, Shinfield, Reading, Wokingham RG2 9EE	£3,676	51	2	Flat
£191K	09/21	0.92 mi	5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	£3,183	60	2	Flat
£150K	09/22	0.92 mi	27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	-	-	2	Flat
£175K	01/21	0.94 mi	32, Larks Meade, Earley, Reading, Wokingham RG6 5TA	£3,182	55	2	Flat
£202K	01/21	0.94 mi	48, Larks Meade, Earley, Reading, Wokingham RG6 5TA	£3,673	55	2	Flat
£150K	10/22	0.94 mi	27, Larks Meade, Earley, Reading, Wokingham RG6 5TA	-	-	2	Flat
£130K	10/22	0.94 mi	51, Larks Meade, Earley, Reading, Wokingham RG6 5TA	-	-	2	Flat
£210K	12/22	0.96 mi	38, Emmbrook Court, Reading RG6 5TZ	£3,538	59	2	Flat
£195K	12/22	0.96 mi	14, Emmbrook Court, Reading RG6 5TZ	-	-	2	Flat
£220K	08/21	0.96 mi	19, Emmbrook Court, Reading RG6 5TZ	£4,000	55	2	Flat
£252.5K	06/21	0.98 mi	1a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	-	-	2	Flat
£242K	07/23	0.98 mi	14a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	-	-	2	Flat
£305K	12/22	0.99 mi	6, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	£5,147	59	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,300	07/24	0.02 mi	Rossby, Shinfield Park, Reading, RG2	2	Flat
£1,400	07/24	0.05 mi	Rossby, Shinfield, RG2	2	Flat
£1,450	03/25	0.06 mi	-	2	Flat
£1,400	04/25	0.07 mi	-	2	Flat
£1,395	01/25	0.07 mi	-	2	Flat
£1,150	07/24	0.08 mi	Shinfield Park, Reading, RG2 9FT	2	Flat
£1,300	07/24	0.08 mi	Shinfield Park, Reading, RG2 9FL	2	Flat
£1,300	10/23	0.08 mi	Shinfield Park, RG2 9FL	2	Flat
£1,350	02/24	0.09 mi	-	2	Flat
£1,300	07/24	0.1 mi	Rossby, Shinfield, Berkshire, RG2	2	Flat
£1,400	08/24	0.11 mi	Aphelion Way, Shinfield, Reading, Berkshire, RG2	2	Flat
£1,450	07/24	0.11 mi	Cirrus Drive, Shinfield, Reading, Berkshire, RG2	2	Flat
£1,550	10/24	0.31 mi	-	2	Flat
£1,550	08/24	0.36 mi	Whitley Wood Road, Reading, Berkshire, RG2	2	Semi-Detached House
£1,400	09/24	0.42 mi	Wentworth Avenue, Reading, Berkshire, RG2	2	Semi-Detached House
£1,400	09/24	0.43 mi	-	2	Terraced House
£1,450	08/24	0.57 mi	Gloucester Avenue, Shinfield, Berkshire, RG2	2	Flat
£1,380	01/24	0.59 mi	-	2	Semi-Detached House
£1,200	04/25	0.6 mi	-	2	Semi-Detached House
£1,400	12/24	0.61 mi	-	2	Terraced House
£1,500	02/24	0.61 mi	-	2	Flat
£1,500	12/24	0.61 mi	-	2	Flat

Local Area Statistics

Population in RG2	36,86636,866
Population in Reading	321,187321,187
Town centre distance	2.63 miles away2.63 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	2.13 miles away2.13 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-3%-3%

Property History

Price changed to £230,000

March 24, 2025

Listed for £240,000

February 18, 2025

Floor Plans

Description

Two double bedrooms +
Two bathrooms (en-suite shower room to master) +
Large living/dining room +
Modern kitchen +
Allocated parking space +
Bus route into Reading town centre +

Welcome to this stunning ground floor apartment situated in the popular Shinfield Park. This property boasts a spacious reception room, two bathrooms, and a modern kitchen. The apartment exudes comfort and style, with its inviting atmosphere and contemporary design elements. The peaceful surroundings make it an ideal retreat from the hustle and bustle of town life. The property is conveniently located close to amenities, transport links, and green spaces, offering the perfect balance of urban convenience and tranquillity. With its generous living space and stylish finishes, this apartment is sure to impress even the most discerning buyer. Offered for sale with no onward chain, don't miss out on the opportunity to make this your new home. Contact us today to arrange a viewing and experience the charm of this delightful property for yourself.

Agent Details

Romans, Reading

0118 230 5271

Next Steps?

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

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