2 Bed Flat, Single Let, Reading, RG1 7BX £325,000

Weldale Street, Reading, Berkshire, RG1 7BX - 9 months ago

Leasehold

BTL

ROI: 5%

~57 m²

ValuationOvervalued

Sold Prices	£101.4K - £363K
Sold Prices/m²	£1.8K/m² - £5.7K/m²

Square Metres	~56.99 m²
Price/m²	£5.7K/m²
Value Estimate	£246,709£246,709

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£23,700£23,700
Total Cash In	£104,950£104,950

Cash Out
Rent Range	£1,650 - £2,138£1,650 - £2,138
Rent Estimate	£1,806
Running Costs/mo	£1,397£1,397
Cashflow/mo	£409£409
Cashflow/yr	£4,910£4,910
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £101.4K to £363K, average is £265K. £1.8K/m² to £5.7K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£215K	04/23	0.08 mi	23, Stratheden Place, Reading RG1 7BH	£3,839	56	2	Flat
£310K	05/25	0.12 mi	Flat 501, 20 Honister, Alfred Street, Reading RG1 7AH	£4,844	64	2	Flat
£310K	05/25	0.12 mi	Flat 501, 20 Honister, Alfred Street, Reading RG1 7AH	-	-	2	Flat
£210K	03/25	0.2 mi	179a, Great Knollys Street, Reading RG1 7HP	£4,118	51	2	Flat
£237.5K	03/25	0.21 mi	9, Phoenix Place, Waylen Street, Reading RG1 7UH	-	-	2	Flat
£215K	10/21	0.27 mi	29, Bedford Road, Reading RG1 7EU	£3,468	62	2	Flat
£180K	06/23	0.27 mi	Flat 19, Icon House, Merchants Place, Reading RG1 1EQ	-	-	2	Flat
£101.4K	02/23	0.41 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£265K	09/21	0.43 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£200K	03/25	0.45 mi	5, Fobney Street, Reading RG1 6BY	£4,762	42	2	Flat
£253K	06/25	0.46 mi	3, Riverside House, Fobney Street, Reading RG1 6BH	£3,721	68	2	Flat
£253K	06/25	0.46 mi	3, Riverside House, Fobney Street, Reading RG1 6BH	-	-	2	Flat
£295K	01/25	0.46 mi	Regents Riverside, Flat 8, Brigham Road, Reading RG1 8QS	£4,758	62	2	Flat
£363K	06/23	0.46 mi	Flat 57, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£260K	07/25	0.46 mi	20, Caversham Wharf, Waterman Place, Reading RG1 8DS	-	-	2	Flat
£300K	06/21	0.48 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£225K	07/25	0.5 mi	Flat 3, 23, Coley Hill, Reading RG1 6AE	-	-	2	Flat
£226.3K	03/25	0.54 mi	15, Berkeley Court, Coley Avenue, Reading RG1 6LH	£3,969	57	2	Flat
£240K	07/21	0.58 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£265K	05/25	0.59 mi	10, Brownlow Lodge, Brownlow Road, Reading RG1 6NR	-	-	2	Flat
£265K	05/25	0.59 mi	10, Brownlow Lodge, Brownlow Road, Reading RG1 6NR	£4,274	62	2	Flat
£299K	12/24	0.63 mi	23, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,463	67	2	Flat
£307.5K	03/25	0.63 mi	31, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,659	66	2	Flat
£307.5K	03/25	0.63 mi	31, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£330K	01/23	0.63 mi	86, Elliots Way, Caversham, Reading RG4 8BF	£5,593	59	2	Flat
£295K	02/23	0.63 mi	74, Elliots Way, Caversham, Reading RG4 8BF	£5,673	52	2	Flat
£340K	02/23	0.63 mi	11, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£190K	05/25	0.63 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	£3,585	53	2	Flat
£190K	05/25	0.63 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	-	-	2	Flat
£335K	12/22	0.64 mi	9, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£269K	06/21	0.65 mi	4, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,419	61	2	Flat
£330K	04/23	0.65 mi	45, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£262.5K	09/21	0.65 mi	91, Elliots Way, Caversham, Reading RG4 8BW	£5,250	50	2	Flat
£350K	10/22	0.65 mi	57, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,375	80	2	Flat
£300K	12/24	0.66 mi	2, Abbotsmead Place, Caversham, Reading RG4 8BB	£5,000	60	2	Flat
£240K	05/25	0.66 mi	30, Abbotsmead Place, Caversham, Reading RG4 8BB	£3,871	62	2	Flat
£240K	05/25	0.66 mi	30, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£250K	07/25	0.66 mi	28, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£275K	03/25	0.67 mi	Flat 33, Crayshaw Court, Abbotsmead Place, Caversham, Reading RG4 8EQ	£3,571	77	2	Flat
£275K	03/25	0.67 mi	Flat 33, Crayshaw Court, Abbotsmead Place, Caversham, Reading RG4 8EQ	-	-	2	Flat
£295K	04/23	0.68 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	0.68 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£188K	07/23	0.68 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	2	Flat
£240K	03/25	0.69 mi	3, Baron Court, Reading RG30 2BP	£3,750	64	2	Flat
£117.5K	03/25	0.71 mi	19, 115 Blenheim Court, London Street, Reading RG1 4PH	£2,304	51	2	Flat
£141K	03/25	0.71 mi	16, 1 Priory Court, Priory Avenue, Caversham, Reading RG4 7SN	£1,788	79	2	Flat
£141K	03/25	0.71 mi	16, 1 Priory Court, Priory Avenue, Caversham, Reading RG4 7SN	-	-	2	Flat
£335K	06/25	0.72 mi	Flat 7, 11, Gosbrook Road, Caversham, Reading RG4 8BT	£3,418	98	2	Flat
£335K	06/25	0.72 mi	Flat 7, 11, Gosbrook Road, Caversham, Reading RG4 8BT	-	-	2	Flat
£317.5K	03/25	0.73 mi	Flat 29, Upcross House, Upcross Gardens, Reading RG1 6PN	£4,349	73	2	Flat

Local Rents

47 rents from £1.6K/mo to £2.1K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,730	12/24	0 mi	-	2	Flat
£1,650	10/25	0 mi	Weldale Street, Reading, Berkshire, RG1	2	Flat
£1,936	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,918	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,898	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£2,135	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,973	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,954	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£2,138	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,914	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,950	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,975	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£2,000	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	07/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,875	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,950	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,975	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,975	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£2,000	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£2,000	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,950	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,875	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,875	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£2,000	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,875	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	09/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	09/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,950	09/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	09/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,875	09/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,973	09/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	09/24	0.02 mi	Weldale Street, Reading, RG1	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.44 miles away0.44 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.31 miles away0.31 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+9%+9%

Property History

Price changed to £325,000

May 27, 2025

Price changed to £350,000

May 15, 2025

Listed for £360,000

February 20, 2025

Floor Plans

Description

Beautiful Top Floor Apartment +
Private Balcony +
Gated Allocated Parking And A Residents Lift +
Kitchen, Bathroom And Ensuite Finished To A High Standard +
Walking Distance To Town And Train Station +
Ideal For First Time Buyers +

Presented in immaculate decorative order throughout, this top floor apartment was built in 2018 and has been finished to a very high standard.

Situated in Reading town centre and a short walk from the mainline railway station, the accommodation briefly comprises entrance hall with storage, a boutiqe style bathroom and two double bedrooms, including an impressive master with built-in wardrobes and an en-suite shower room.

The open plan living space is perhaps the most impressive part of the apartment, with access to a generous balcony and a beautiful kitchen which is large enough to accommodation a dining table and has a range of built-in appliances.

Externally, there are very well-maintained communal grounds, with further benefits including gated allocated parking, secure telecom entry system and a resident’s lift.

Ideal for first time buyers and investment buyers alike, the property is perfect for anyone prioritising a commute into the city via Reading's unrivalled transport links.

Agent Details

Prospect Estate Agency, Reading

0118 230 3819

Next Steps?

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

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CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents