2 Bed Flat, Single Let, Reading, RG2 9FJ, £260,000

Greenwich Road, Shinfield, Reading, RG2 9FJ - 2 months ago

Leasehold

BTL

ROI: 1%

~66 m²

+2 photos

ValuationOvervalued

Sold Prices	£97.5K - £300K
Sold Prices/m²	£2.9K/m² - £4K/m²

Square Metres	~65.59 m²
Price/m²	£4K/m²
Value Estimate	£233,779£233,779

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£65,000£65,000
Stamp Duty & Legal Fees	£17,200£17,200
Total Cash In	£82,200£82,200

Cash Out
Rent Range	£1,150 - £1,550£1,150 - £1,550
Rent Estimate	£1,150
Running Costs/mo	£1,063£1,063
Cashflow/mo	£88£88
Cashflow/yr	£1,050£1,050
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

26 sold prices from £97.5K to £300K, average is £213.8K. £2.9K/m² to £4K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£217.5K	12/20	0 mi	3, Greenwich Road, Shinfield, Reading, Wokingham RG2 9FJ	£3,346	65	2	Flat
£200K	03/21	0.03 mi	26, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,846	52	2	Flat
£219K	09/21	0.03 mi	6, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,590	61	2	Flat
£227.5K	06/21	0.03 mi	4, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,482	65	2	Flat
£212.5K	04/21	0.09 mi	Second Floor Flat, 20, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£215K	06/23	0.09 mi	First Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£230K	12/22	0.09 mi	Ground Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£228K	06/23	0.1 mi	19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR	£3,462	66	2	Flat
£220K	09/21	0.11 mi	44, Perigee, Shinfield, Reading, Wokingham RG2 9FT	-	-	2	Flat
£97.5K	11/22	0.38 mi	Flat 16, Southglade, Whitley Wood Road, Reading RG2 8JS	-	-	2	Flat
£160K	05/21	0.54 mi	345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY	£2,888	55	2	Flat
£220K	12/22	0.54 mi	345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY	£3,971	55	2	Flat
£270K	01/23	0.66 mi	29, Songbird Close, Shinfield, Reading, Wokingham RG2 9AB	£3,214	84	2	Flat
£215K	08/21	0.69 mi	10, Fakenham Close, Lower Earley, Reading, Wokingham RG6 4AB	£3,644	59	2	Flat
£270K	06/23	0.72 mi	2, Felthorpe Close, Lower Earley, Reading, Wokingham RG6 4AF	-	-	2	Flat
£300K	09/21	0.72 mi	111, Skylark Way, Shinfield, Reading, Wokingham RG2 9AD	£3,896	77	2	Flat
£187.5K	01/21	0.87 mi	5a, School Green, Shinfield, Reading, Wokingham RG2 9EE	£3,676	51	2	Flat
£191K	09/21	0.94 mi	5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	£3,183	60	2	Flat
£150K	09/22	0.94 mi	27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	-	-	2	Flat
£175K	01/21	0.97 mi	32, Larks Meade, Earley, Reading, Wokingham RG6 5TA	£3,182	55	2	Flat
£202K	01/21	0.97 mi	48, Larks Meade, Earley, Reading, Wokingham RG6 5TA	£3,673	55	2	Flat
£150K	10/22	0.97 mi	27, Larks Meade, Earley, Reading, Wokingham RG6 5TA	-	-	2	Flat
£130K	10/22	0.97 mi	51, Larks Meade, Earley, Reading, Wokingham RG6 5TA	-	-	2	Flat
£210K	12/22	0.98 mi	38, Emmbrook Court, Reading RG6 5TZ	£3,538	59	2	Flat
£195K	12/22	0.98 mi	14, Emmbrook Court, Reading RG6 5TZ	-	-	2	Flat
£220K	08/21	0.98 mi	19, Emmbrook Court, Reading RG6 5TZ	£4,000	55	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,300	07/24	0.04 mi	Rossby, Shinfield Park, Reading, RG2	2	Flat
£1,400	04/25	0.05 mi	-	2	Flat
£1,450	03/25	0.05 mi	-	2	Flat
£1,400	07/24	0.06 mi	Rossby, Shinfield, RG2	2	Flat
£1,395	01/25	0.07 mi	-	2	Flat
£1,350	02/24	0.07 mi	-	2	Flat
£1,300	07/24	0.09 mi	Shinfield Park, Reading, RG2 9FL	2	Flat
£1,300	10/23	0.09 mi	Shinfield Park, RG2 9FL	2	Flat
£1,300	07/24	0.1 mi	Rossby, Shinfield, Berkshire, RG2	2	Flat
£1,150	07/24	0.11 mi	Shinfield Park, Reading, RG2 9FT	2	Flat
£1,450	07/24	0.11 mi	Cirrus Drive, Shinfield, Reading, Berkshire, RG2	2	Flat
£1,400	08/24	0.13 mi	Aphelion Way, 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	0.41 mi	-	2	Terraced House
£1,400	09/24	0.42 mi	Wentworth Avenue, Reading, Berkshire, RG2	2	Semi-Detached House
£1,450	08/24	0.55 mi	Gloucester Avenue, Shinfield, Berkshire, RG2	2	Flat
£1,380	01/24	0.57 mi	-	2	Semi-Detached House
£1,400	12/24	0.59 mi	-	2	Terraced House
£1,300	11/24	0.61 mi	-	2	Terraced House

Local Area Statistics

Population in RG2	36,86636,866
Population in Reading	321,187321,187
Town centre distance	2.64 miles away2.64 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	2.16 miles away2.16 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

Listed for £260,000

March 3, 2025

Floor Plans

Description

Two double bedrooms +
Two bathrooms (en suite shower room to master) +
Wrap around balcony +
Bus route into Reading town centre +
Allocated parking space +
Leasehold - Details TBC +

Introducing a charming 2-bedroom apartment nestled in a peaceful and well-maintained building. This bright and cosy property offers a comfortable living space, perfect for those seeking a quiet retreat in the heart of the city. The apartment boasts a balcony, ideal for enjoying your morning coffee or evening sunsets. With easy access to local amenities, transport links, and green spaces, this property is both convenient and serene. Don't miss the opportunity to make this lovely apartment your new home. Contact us today to arrange a viewing and experience the tranquillity and comfort 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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