2 Bed Flat, Single Let, Reading, RG1 7BH £270,000

Stratheden Place, Reading, Berkshire, RG1 7BH - 9 months ago

Sold STC

Leasehold

BTL

ROI: 5%

~56 m²

ValuationOvervalued

Sold Prices	£101.4K - £368K
Sold Prices/m²	£2.2K/m² - £5.7K/m²

Square Metres	~56.02 m²
Price/m²	£4.8K/m²
Value Estimate	£229,839£229,839

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£67,500£67,500
Stamp Duty & Legal Fees	£18,200£18,200
Total Cash In	£85,700£85,700

Cash Out
Rent Range	£1,300 - £2,040£1,300 - £2,040
Rent Estimate	£1,500
Running Costs/mo	£1,164£1,164
Cashflow/mo	£336£336
Cashflow/yr	£4,035£4,035
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £101.4K to £368K, average is £256.5K. £2.2K/m² to £5.7K/m², average is £4.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£215K	04/23	0.01 mi	23, Stratheden Place, Reading RG1 7BH	£3,839	56	2	Flat
£310K	05/25	0.1 mi	Flat 501, 20 Honister, Alfred Street, Reading RG1 7AH	£4,844	64	2	Flat
£310K	05/25	0.1 mi	Flat 501, 20 Honister, Alfred Street, Reading RG1 7AH	-	-	2	Flat
£210K	03/25	0.15 mi	179a, Great Knollys Street, Reading RG1 7HP	£4,118	51	2	Flat
£237.5K	03/25	0.15 mi	9, Phoenix Place, Waylen Street, Reading RG1 7UH	-	-	2	Flat
£215K	10/21	0.19 mi	29, Bedford Road, Reading RG1 7EU	£3,468	62	2	Flat
£180K	06/23	0.33 mi	Flat 19, Icon House, Merchants Place, Reading RG1 1EQ	-	-	2	Flat
£101.4K	02/23	0.39 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	0.44 mi	5, Fobney Street, Reading RG1 6BY	£4,762	42	2	Flat
£225K	07/25	0.45 mi	Flat 3, 23, Coley Hill, Reading RG1 6AE	-	-	2	Flat
£300K	06/21	0.46 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	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
£226.3K	03/25	0.48 mi	15, Berkeley Court, Coley Avenue, Reading RG1 6LH	£3,969	57	2	Flat
£265K	05/25	0.51 mi	10, Brownlow Lodge, Brownlow Road, Reading RG1 6NR	-	-	2	Flat
£265K	05/25	0.51 mi	10, Brownlow Lodge, Brownlow Road, Reading RG1 6NR	£4,274	62	2	Flat
£260K	07/25	0.53 mi	20, Caversham Wharf, Waterman Place, Reading RG1 8DS	-	-	2	Flat
£295K	01/25	0.53 mi	Regents Riverside, Flat 8, Brigham Road, Reading RG1 8QS	£4,758	62	2	Flat
£363K	06/23	0.53 mi	Flat 57, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£240K	07/21	0.59 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£190K	05/25	0.61 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	£3,585	53	2	Flat
£190K	05/25	0.61 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	-	-	2	Flat
£240K	03/25	0.62 mi	3, Baron Court, Reading RG30 2BP	£3,750	64	2	Flat
£317.5K	03/25	0.66 mi	Flat 29, Upcross House, Upcross Gardens, Reading RG1 6PN	£4,349	73	2	Flat
£235K	03/25	0.67 mi	12, Cox Hollow, Southcote Road, Reading RG30 2LA	£2,807	84	2	Flat
£213K	02/25	0.68 mi	Ashdown House, Flat 3, Battle Square, Reading RG30 1AX	£3,381	63	2	Flat
£299K	12/24	0.69 mi	23, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,463	67	2	Flat
£307.5K	03/25	0.69 mi	31, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,659	66	2	Flat
£307.5K	03/25	0.69 mi	31, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£188K	07/23	0.69 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	2	Flat
£310K	12/24	0.69 mi	3, Flat 15, Nightingale Way, Reading RG30 1FA	£4,306	72	2	Flat
£340K	02/23	0.7 mi	11, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£237K	04/25	0.7 mi	31, Petworth Court, Reading RG1 6PH	£3,203	74	2	Flat
£237K	04/25	0.7 mi	31, Petworth Court, Reading RG1 6PH	-	-	2	Flat
£330K	01/23	0.7 mi	86, Elliots Way, Caversham, Reading RG4 8BF	£5,593	59	2	Flat
£295K	02/23	0.7 mi	74, Elliots Way, Caversham, Reading RG4 8BF	£5,673	52	2	Flat
£335K	12/22	0.71 mi	9, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£295K	04/23	0.71 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	0.71 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£217K	07/25	0.71 mi	14, Evesham House, Battle Square, Reading RG30 1DT	-	-	2	Flat
£269K	06/21	0.71 mi	4, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,419	61	2	Flat
£330K	04/23	0.71 mi	45, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£350K	10/22	0.72 mi	57, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,375	80	2	Flat
£300K	12/24	0.72 mi	2, Abbotsmead Place, Caversham, Reading RG4 8BB	£5,000	60	2	Flat
£240K	05/25	0.72 mi	30, Abbotsmead Place, Caversham, Reading RG4 8BB	£3,871	62	2	Flat
£240K	05/25	0.72 mi	30, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£250K	07/25	0.72 mi	28, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£368K	03/25	0.72 mi	5 9 Riverside View, Flat 67, Berkeley Avenue, Reading RG1 6FH	£4,973	74	2	Flat
£117.5K	03/25	0.72 mi	19, 115 Blenheim Court, London Street, Reading RG1 4PH	£2,304	51	2	Flat

Local Rents

49 rents from £1.3K/mo to £2K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	08/24	0 mi	-	2	Flat
£1,300	07/24	0.01 mi	Stratheden Place	2	Flat
£1,500	10/23	0.02 mi	Stratheden Place, Reading, Berkshire, RG1	2	Flat
£1,850	08/25	0.03 mi	-	2	Flat
£1,695	09/24	0.05 mi	Hermitage, Chatham Street, Reading, Berkshire, RG1	2	Flat
£1,600	06/25	0.05 mi	Hermitage, Chatham Street, Reading, Berkshire, RG1	2	Flat
£1,600	07/24	0.05 mi	Hayward, Chatham Place, Reading, RG1	2	Flat
£1,675	09/25	0.05 mi	Hayward, Chatham Place, Reading, RG1	2	Flat
£1,665	07/25	0.05 mi	-	2	Flat
£1,650	08/25	0.05 mi	Hermitage, Chatham Street, Reading, RG1	2	Flat
£1,880	10/25	0.05 mi	Domain, Tilling Courtyard, Weldale Street, Reading, Berkshire, RG1	2	Flat
£1,740	10/25	0.05 mi	Emporium House West, Tilling Courtyard, Weldale Street, Reading, Berkshire, RG1 7NF	2	Flat
£1,675	07/25	0.05 mi	Hermitage, Chatham Street, Reading, RG1	2	Flat
£1,500	11/25	0.06 mi	Hermitage, Chatham Street, Reading, RG1	2	Flat
£1,895	08/25	0.06 mi	-	2	Flat
£1,600	08/24	0.06 mi	Hermitage, Chatham Street, Reading, RG1	2	Flat
£1,650	10/25	0.06 mi	Hermitage, Chatham Street, Reading, RG1	2	Flat
£1,650	06/25	0.06 mi	Hermitage, Chatham Street, Reading, RG1	2	Flat
£1,600	07/24	0.06 mi	Hermitage, Chatham Street	2	Flat
£1,750	07/25	0.06 mi	Hunsaker, Alfred Street, Reading, RG1	2	Flat
£1,750	09/25	0.06 mi	Hunsaker, Alfred Street, Reading, RG1	2	Flat
£1,900	10/25	0.06 mi	Hunsaker, Alfred Street, Reading, RG1	2	Flat
£1,900	10/25	0.06 mi	Hunsaker Street, Alfred Street	2	Flat
£1,600	03/25	0.06 mi	-	2	Flat
£1,795	05/25	0.06 mi	-	2	Flat
£1,550	05/25	0.06 mi	-	2	Flat
£1,550	05/25	0.06 mi	Hunsaker, Reading, RG1	2	Flat
£1,650	07/24	0.06 mi	-	2	Flat
£2,040	10/24	0.06 mi	-	2	Flat
£1,600	10/25	0.06 mi	-	2	Flat
£1,980	11/25	0.06 mi	-	2	Flat
£1,600	10/25	0.06 mi	Hermitage, Reading, RG1	2	Flat
£1,650	07/24	0.07 mi	Hunsaker, Alfred Street	2	Flat
£1,600	08/24	0.07 mi	Hunsaker, Alfred Street, Reading, RG1	2	Flat
£1,975	08/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,950	08/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,875	08/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£2,000	08/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,875	08/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	08/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	08/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	09/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,936	09/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,950	09/24	0.07 mi	Weldale Street, Reading, RG1	2	Flat
£1,825	09/24	0.07 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	0.38 miles away0.38 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

Listed for £270,000

February 26, 2025

Floor Plans

Description

Two double bedrooms +
Town centre location +
Excellent condition throughout +
Two allocated parking spaces +
First floor +
Locked communal garden +

Step into this charming first-floor apartment boasting two double bedrooms, offering a peaceful and homely retreat. The property exudes a bright and cosy atmosphere, perfect for those seeking comfort and modern living. With well-maintained interiors, this apartment provides a welcoming ambiance for residents to relax and unwind. The spacious layout allows for easy movement between rooms, enhancing the overall sense of comfort and convenience. Located in a sought-after area, this property offers a serene escape from the hustle and bustle of city life which also includes a locked communal garden perfect for young families. Don't miss out on the opportunity to make this delightful apartment your new home. Contact us today to arrange a viewing and experience the tranquillity and charm this property has to offer.

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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