2 Bed Flat, Single Let, Reading, RG4 8BB, £307,000

Abbotsmead Place, Reading, RG4 8BB - 2 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 1%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£180K - £585K
Sold Prices/m²£2.6K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.5K/m²

Value Estimate

£298,459

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£76,750

Stamp Duty & Legal Fees

£13,260

Total Cash In

£90,010

 

 

Cash Out

 

Rent Range

£1,250 - £3,280

Rent Estimate

£1,299

Running Costs/mo

£1,239

Cashflow/mo

£60

Cashflow/yr

£718

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £180K to £585K, average is £258.8K. £2.6K/m² to £5.7K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£340K02/230.01 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200.02 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.02 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.02 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.02 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.02 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/220.02 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£335K12/220.06 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K01/230.23 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£295K02/230.23 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£257.5K05/210.23 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£300K04/210.26 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.26 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£262.5K09/210.26 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.26 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£250K10/220.31 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£490K05/210.32 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.32 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.32 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£230K05/210.35 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£227.5K09/210.38 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.38 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.38 mi14, Waller Court, Caversham, Reading RG4 6DB2
£243.5K12/200.39 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£265K10/220.41 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£198K12/200.43 mi59b, Cardiff Road, Reading RG1 8ET2
£250K06/210.46 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.46 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£234K10/200.52 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£229.9K01/210.59 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£255K03/210.6 mi35, Field View, Caversham, Reading RG4 5HD2
£180K06/230.64 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£250K02/210.64 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£215K04/230.7 mi23, Stratheden Place, Reading RG1 7BH2
£367.5K02/210.77 mi6, George Close, Caversham, Reading RG4 5EW2
£250K12/200.78 mi63, Sheridan Avenue, Caversham, Reading RG4 7QB2
£215K10/210.85 mi29, Bedford Road, Reading RG1 7EU2
£240K06/210.88 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.88 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.88 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.88 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.88 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£200K06/210.9 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.9 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£270.9K10/220.93 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.93 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.93 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£185K12/200.95 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£265K09/210.99 mi34, Swan Place, Reading RG1 6QD2
£395K01/211 miFlat 6, Avenue House, Upper Warren Avenue, Caversham, Reading RG4 7EF2

Local Rents

49 rents from £1.3K/mo to £3.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,45007/240.01 miAbbotsmead Place2
£1,37512/240.01 mi-2
£1,37507/240.02 miAbbotsmead Place, Wolsey Road, Caversham, Reading, RG42
£1,75012/240.06 miRiverside Court, Caversham, Reading2
£1,69507/240.06 miRiverside Court, Caversham2
£1,25007/240.06 miSt. Martins Precinct, Church Street, Caversham, Reading, RG42
£1,30002/240.12 mi-2
£1,70001/240.14 mi-2
£1,75007/240.16 miCaversham, Reading2
£1,55004/250.19 mi-2
£1,75012/240.19 miNorth Street, Caversham2
£1,40007/240.2 mi2 Auburn Court2
£1,30007/240.21 miCaversham Road, Reading2
£1,35007/240.21 miCaversham Road, Reading2
£1,40007/240.21 mi-2
£1,27507/240.22 miRandolph Road2
£1,35009/240.22 miRandolph Road2
£1,35012/240.23 mi-2
£1,65012/240.23 mi-2
£1,79507/240.24 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£2,15012/240.24 miTreetops, The Mount, Reading2
£2,00002/240.26 mi-2
£3,28010/240.26 mi-2
£1,69507/240.26 miRegents Riverside2
£3,28007/240.26 miRegents Riverside, Reading, Berkshire2
£1,60007/240.26 miDe Montfort Road, Reading2
£1,60008/240.26 miRegents Riverside, Brigham Road, Reading, Berkshire, RG12
£1,70007/240.26 miRegents Riverside, Brigham Road, Reading, RG12
£1,65007/240.26 miRegents Riverside, Brigham Road, Reading, RG12
£1,39508/240.27 miDenbeigh Place2
£1,50012/240.27 miTamesis Place, Patrick Road, Caversham2
£1,35008/240.28 miSwansea Road, Reading, RG12
£1,35009/240.28 mi-2
£1,65007/240.29 miPatrick Road, Caversham, Reading2
£1,65007/240.3 miTamesis Place2
£1,90007/240.3 mi-2
£1,65007/240.32 miRegents Riverside, Brigham Road, Reading2
£2,20012/240.32 miTreetops, The Mount, Caversham, Reading, Berkshire, RG42
£2,20012/240.32 miTreetops, Caversham, Reading2
£1,35009/240.32 miLynmouth Court, Lynmouth Road2
£1,29502/250.33 mi-2
£1,45004/250.33 mi-2
£1,60008/240.34 miSwansea Road, Reading, RG12
£1,58010/240.34 mi-2
£1,52510/240.36 mi-2
£1,52511/240.38 mi-2
£1,55004/250.39 mi-2
£1,50008/240.39 miSwansea Road, Reading2
£1,50008/240.39 miSwansea Road, Reading2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

0.97 miles away

Nearest school

0.20 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £307,000

February 21, 2025

Floor Plans

Description

  • Ground floor apartment built by Berkeley Homes +
  • Two double bedrooms both with built in wardrobes +
  • Living room +
  • Dining room +
  • Fitted kitchen +
  • Bathroom +
  • Communal gardens +
  • Allocated parking plus further visitors parking +
  • Convenient central Caversham position +
  • Central Caversham positions close to shops, Caversham Bridge and Reading station within 0.5 miles +

A fine two bedroom ground floor apartment presented in excellent decorative order with two double bedrooms, both with built in wardrobes, allocated parking, conveniently positioned in a sought after development in the very centre of Caversham, close to shops, Caversham Bridge and Reading station
SITUATION
This property is a short walk from local amenities including the public library, doctors surgery, dental practice, Thameside Primary School and an excellent range of small restaurants, pubs, local shops and Waitrose supermarket. There are frequent bus services to Reading and beyond. Nearby, Christchurch Meadows and the Thames Towpath provide extensive opportunities for walking, cycling and sporting activities. There is easy access to Reading mainline station with journey times to London Paddington approx. 25 minutes and has been further complemented with the arrival of Crossrail that offers direct routes to the central areas of the City of London
COMMUNAL ENTRANCE HALL
With telephone entry system and personal front door through to
RECEPTION HALL
With radiator, two built in storage cupboards, door to
DINING ROOM
With radiator and archway through to
LIVING ROOM
Dual aspect with front feature bay with integrated French doors to immediate communal gardens, three radiators

FITTED KITCHEN
Comprising single drainer stainless steel sink unit with mixer tap and cupboard under, further range of both floor standing and wall mounted eye level units with laminated roll edged work surfaces and contrasting tiled surrounds. Inset four ring gas hob with extractor hood above and oven below, plumbing for washing machine and dishwasher, further appliance space for fridge/freezer, wall mounted gas boiler, radiator, concealed lighting and side aspect double glazed window

BEDROOM ONE
With front aspect double glazed window, radiator, built in double wardrobe

BEDROOM TWO
With front aspect double glazed window, radiator, built in double wardrobe

BATHROOM
Comprising twin grip panelled bath with mixer tap with shower attachment and glass deflector, wash hand basin, W.C., contrasting tiled surrounds, radiator, rear aspect obscure double glazed window

COMMUNAL GROUNDS
Outside are well tended communal gardens maintained under the maintenance agreement
PARKING
There is allocated parking space and visitors parking
TENURE
Leasehold

Original lease - 215 years from 1st January 1997
Lease remaining - 187 years
Maintenance charge - £169 per month
Ground rent - TBC

SCHOOL CATCHMENT
Thameside Primary School
Highdown School and Sixth Form Centre
COUNCIL TAX
Band C
FREE MORTGAGE ADVICE
We are pleased to be able to offer the services of an Independent Mortgage Adviser who can access a variety of mortgage rates from leading Banks and Building Societies. For a free, no obligation discussion or quote, please contact Stuart Milton, our mortgage adviser, on
LOCATION
This image is for indicative purposes and cannot be relied upon as wholly correct

Agent Details

Farmer & Dyer, Caversham

0118 230 0637

Next Steps?

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