2 Bed Flat, Single Let, Reading, RG4 5LQ, £220,000

Mead Close, Caversham, Reading, RG4 5LQ - 1 views - a month ago

Leasehold
BTL
ROI: 5%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£146K - £407.5K
Sold Prices/m²£1.7K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£272,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Total Cash In

£67,200

 

 

Cash Out

 

Rent Range

£1,200 - £3,000

Rent Estimate

£1,250

Running Costs/mo

£958

Cashflow/mo

£293

Cashflow/yr

£3,510

ROI

5%

Gross Yield

7%

Local Sold Prices

48 sold prices from £146K to £407.5K, average is £265K. £1.7K/m² to £5.7K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£270.9K10/220.05 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.05 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.05 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£200K06/210.06 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.06 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£185K12/200.16 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£240K06/210.28 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.28 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.28 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.28 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.28 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£265K10/220.49 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£230K05/210.55 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£146K06/210.55 mi6, Robert Parker Road, Reading RG1 3FN2
£250K10/220.59 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£367.5K02/210.61 mi6, George Close, Caversham, Reading RG4 5EW2
£275K05/230.63 mi78, Kennet Walk, Reading RG1 3GF2
£255K03/210.64 mi35, Field View, Caversham, Reading RG4 5HD2
£227.5K09/210.65 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.65 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.65 mi14, Waller Court, Caversham, Reading RG4 6DB2
£262.5K09/210.66 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.66 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£295K02/230.69 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£330K01/230.69 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£229K01/210.79 mi29 Compass House, South Street, Reading RG1 4GQ2
£300K04/210.81 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.81 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£245K12/220.83 miFlat 15, The Pinnacle, Kings Road, Reading RG1 4LY2
£283K02/230.83 miFlat 2, The Pinnacle, Kings Road, Reading RG1 4LY2
£335K12/220.83 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K06/210.84 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2
£407.5K10/200.88 miFlat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS2
£340K02/230.89 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/220.9 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200.9 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.9 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.9 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.9 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.9 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£250K06/210.91 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.91 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£295K04/230.94 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.94 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£255K02/230.95 mi1, Haywood Court, Reading RG1 3QF2
£180K06/230.96 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£250K02/210.98 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£350K02/211 mi19, Lomond Avenue, Caversham, Reading RG4 6PL2

Local Rents

50 rents from £1.2K/mo to £3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£3,00012/240.03 mi-2
£1,30012/240.05 miMeadow Way, Caversham, Reading, Berkshire, RG42
£1,30012/240.05 miMeadow Way, Caversham2
£1,30012/240.05 miMeadow Way, Caversham2
£1,59012/240.11 mi-2
£1,60012/240.12 miDickens Close, Caversham, Reading2
£1,35012/240.22 miWillow Court2
£1,20007/240.22 miPipers Gate, Star Road, Caversham, Reading, RG42
£1,25012/240.22 miPipers Gate, Star Road, Caversham, Reading, RG42
£1,35012/240.22 miBriants Avenue, Caversham, Reading2
£1,70012/240.23 mi-2
£1,70012/240.23 miSend Road, Caversham, Reading2
£1,50012/240.24 miStar Road, Caversham, Reading2
£1,50012/240.24 mi-2
£1,30012/240.35 mi-2
£1,35012/240.36 miKings Road, Caversham, Reading2
£1,65003/250.39 mi-2
£1,70003/250.39 mi-2
£1,65002/240.39 mi-2
£1,25007/240.39 miRuskin, Henley Road, Reading, Berkshire, RG42
£1,65007/240.4 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,69510/230.4 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,59508/240.4 miNapier Road2
£1,55010/230.4 miNapier Road, Reading, Berkshire, RG12
£1,60007/240.4 miQueens Road, Caversham, RG42
£1,65007/240.4 miQueens Road, Caversham, Reading, Berkshire, RG42
£1,50007/240.4 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,44507/240.42 miLuscinia View2
£1,60002/240.42 mi-2
£1,69510/230.43 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,60007/240.43 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,67512/240.43 miKings Road, Reading, Berkshire, RG42
£1,40012/240.43 miKings Road, Caversham2
£2,50003/250.43 mi-2
£1,65007/240.43 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,45012/240.43 miArdler Road, Caversham2
£1,60007/240.43 miLuscinia View, Reading2
£1,59508/240.44 miNapier Road, Reading2
£1,60009/240.44 miLuscinia View, Reading, RG12
£1,50011/240.44 mi-2
£1,70003/250.44 mi-2
£1,70007/240.44 miNapier Road, Reading, RG12
£2,80012/240.44 mi-2
£1,60007/240.45 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,49507/240.45 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,45007/240.45 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,75009/240.45 miLuscinia View, Napier Road, Reading, Berkshire, RG12
£1,35007/240.45 miLuscinia View, Reading2
£1,60007/240.45 miLuscinia View, Napier Road2
£1,40010/230.46 miLuscinia View, Napier Road, Reading, Berkshire, RG12

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.20 miles away

Nearest school

0.50 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £220,000

March 3, 2025

Floor Plans

Description

  • Two bedrooms +
  • Spacious top floor apartment +
  • Good condition +
  • Ideal for first time or investment purchase +
  • Check out the 3D video tour +
  • Within a mile for Caversham village centre and Reading railway station +
  • No chain +

A spacious top floor two bedroom apartment conveniently situated approx. one mile from both Caversham village centre and Reading station. Presented in good order with gas radiator central heating, forming an ideal first time or investment purchase. NO CHAIN
COMMUNAL ENTRANCE
Hallway with telephone entry system and staircase to top floor
PERSONAL FRONT DOOR TO RECEPTION HALL
With radiator, access to loft space and large built in storage cupboard housing meters, further built in airing cupboard with water heater and slatted shelving

LIVING/DINING ROOM
With frontal aspect window together with large double glazed French doors to Juliette balcony, two radiators, natural areas for living and dining

THROUGH TO FITTED KITCHEN
Frontal aspect double glazed window, 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 edge work surfaces and tiled surrounds. Inset four ring gas hob with extractor hood above and integrated oven below. Plumbing for washing machine and dishwasher, further appliance space for fridge/freezer. Neatly fitted gas boiler
BEDROOM ONE
With rear aspect double glazed window and radiator
BEDROOM TWO
With rear aspect double glazed window and radiator
BATHROOM
Comprising twin gripped bath with mixer tap and shower attachment, wash hand basin, W.C., matching tiled walls and heated towel rail
OUTSIDE
Communal grounds tended under the maintenance agreement with bike shed
PARKING
Allocated parking space
SCHOOL CATCHMENT
Thameside Primary School
Highdown School and Sixth Form Centre
TENURE
Leasehold
LEASE DETAILS
Original lease: 125 years
Lease remaining: 108 years
Service Charge: £60.87 per month

APPROXIMATE MONTHLY RENTAL VALUE
£1,250
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 over 2,500 mortgage rates from leading Banks and Building Societies. For a free, no obligation discussion or quote, please contact Stuart Milton, our mortgage adviser, on .
APPROXIMATE SQUARE FOOTAGE
650sq ft. This is an approximate measurement taken from the EPC which measures the heated habitable space
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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