2 Bed Flat, Single Let, Reading, RG2 9UW, £250,000

Beke Avenue, Shinfield, Reading, Berkshire, RG2 9UW - 2 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£97.5K - £305K
Sold Prices/m²£2.3K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£244,530

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Total Cash In

£78,700

 

 

Cash Out

 

Rent Range

£1,380 - £1,750

Rent Estimate

£1,413

Running Costs/mo

£1,084

Cashflow/mo

£329

Cashflow/yr

£3,950

ROI

5%

Gross Yield

7%

Local Sold Prices

37 sold prices from £97.5K to £305K, average is £219K. £2.3K/m² to £5.4K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£187.5K01/210.18 mi5a, School Green, Shinfield, Reading, Wokingham RG2 9EE2
£300K09/210.18 mi111, Skylark Way, Shinfield, Reading, Wokingham RG2 9AD2
£270K01/230.21 mi29, Songbird Close, Shinfield, Reading, Wokingham RG2 9AB2
£160K05/210.71 mi345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY2
£220K12/220.71 mi345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY2
£217.5K12/200.85 mi3, Greenwich Road, Shinfield, Reading, Wokingham RG2 9FJ2
£200K03/210.87 mi26, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£219K09/210.87 mi6, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£227.5K06/210.87 mi4, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£215K06/230.93 miFirst Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£230K12/220.93 miGround Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£212.5K04/210.93 miSecond Floor Flat, 20, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£220K09/210.95 mi44, Perigee, Shinfield, Reading, Wokingham RG2 9FT2
£228K06/230.95 mi19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR2
£97.5K11/221.11 miFlat 16, Southglade, Whitley Wood Road, Reading RG2 8JS2
£270K06/231.32 mi2, Felthorpe Close, Lower Earley, Reading, Wokingham RG6 4AF2
£215K08/211.33 mi10, Fakenham Close, Lower Earley, Reading, Wokingham RG6 4AB2
£225K12/221.48 mi37, Clements Close, Spencers Wood, Reading, Wokingham RG7 1HJ2
£178K09/211.53 mi83, Clements Close, Spencers Wood, Reading, Wokingham RG7 1HH2
£225K03/231.61 mi39, Benham Drive, Spencers Wood, Reading, Wokingham RG7 1FB2
£223K08/231.61 mi53, Benham Drive, Spencers Wood, Reading, Wokingham RG7 1FB2
£210K06/211.67 mi28, Beatty Rise, Spencers Wood, Reading, Wokingham RG7 1FQ2
£175K01/211.7 mi32, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£202K01/211.7 mi48, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£150K10/221.7 mi27, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£130K10/221.7 mi51, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£191K09/211.77 mi5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU2
£150K09/221.77 mi27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU2
£304.5K09/221.81 mi14, Harlton Close, Lower Earley, Reading, Wokingham RG6 4JH2
£275K12/221.81 mi11, Harlton Close, Lower Earley, Reading, Wokingham RG6 4JH2
£210K12/221.81 mi38, Emmbrook Court, Reading RG6 5TZ2
£195K12/221.81 mi14, Emmbrook Court, Reading RG6 5TZ2
£220K08/211.81 mi19, Emmbrook Court, Reading RG6 5TZ2
£252.5K06/211.84 mi1a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£242K07/231.84 mi14a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£305K12/221.84 mi6, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£250K12/221.99 mi29, Burwell Close, Lower Earley, Reading, Wokingham RG6 4BB2

Local Rents

11 rents from £1.4K/mo to £1.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,45006/240.04 mi-2
£1,70008/240.04 mi-2
£1,70007/240.04 miOsbern Court, Shinfield, Reading, RG22
£1,45007/240.06 miOsbern Court, 1 Beke Avenue, Shinfield, Reading, RG22
£1,65007/240.11 miFloyer Grove, Shinfield, Reading, Berkshire, RG2 9UZ2
£1,50009/240.18 miNewburgh Crescent, Shinfield, Reading, Berkshire, RG22
£1,50004/250.19 mi-2
£1,75007/240.25 miLeaf Living at Shinfield Meadows, Venice Road, RG22
£1,38001/240.28 mi-2
£1,40008/240.3 mi-2
£1,45008/240.3 miGloucester Avenue, Shinfield, Berkshire, RG22

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

3.44 miles away

Nearest school

0.10 miles away

Nearest train station

2.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Price changed to £250,000

April 5, 2025

Price changed to £260,000

March 16, 2025

Listed for £270,000

February 25, 2025

Floor Plans

Description

  • 2 Double Bedrooms +
  • First Floor +
  • Balcony +
  • 2 Parking Spaces +
  • 2 Bathrooms +
  • Open Plan Lounge/Dining/Kitchen +

A well presented 2 double bedroom first floor apartment with 2 bathrooms, 2 allocated parking spaces and balcony.

Located just meters from Shinfield village centre the property provides easy access to the local shops, schools and amenities, Reading Town Centre is approximatley 3 miles away and the M4 Motorway is also within easy reach.

The property has full accommodation comprising: Entrance Hall, Lounge/Dining Room; Open Plan Fitted Kitchen; 2 Double bedrooms; En Suite Shower Room; Bathroom; 2 Allocated Parking.

This beautifully presented modern first-floor flat offers a perfect blend of style, comfort, and convenience. Situated in a sought-after area, the property boasts spacious and light-filled interiors, ideal for first-time buyers, professionals, or investors.

Key Features:
Open-plan living space – A bright and airy lounge/dining area with large windows, perfect for relaxation and entertaining.
Modern fitted kitchen – large work surface area, integrated appliances, and ample storage.
Spacious bedrooms – well-proportioned rooms with the master featuring an en-suite.
Stylish bathroom – spacious suite with high-end fixtures and fittings.
Private balcony – providing some outdoor space for relaxation.
Allocated parking – 2 allocated, off-street parking spaces.
Fantastic location – close to transport links, local amenities and parks.

This stunning flat is move-in ready and offers modern living at its finest.

These particulars are a general guide only. They do not form part of any contract. Services, systems and appliances have not been tested.

Agent Details

Parkers Estate Agents, Spencers Wood

0118 230 8735

Next Steps?

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