2 Bed Flat, Single Let, Reading, RG1 7AU, £250,000

Alfred Street, Reading, Berkshire, RG1 7AU - 2 months ago

Sold STC

Leasehold

Auction

BTL

ROI: 6%

~68 m²

+16 photos

ValuationUndervalued

Sold Prices	£101.4K - £363K
Sold Prices/m²	£2K/m² - £5.7K/m²

Square Metres	~68.11 m²
Price/m²	£3.7K/m²
Value Estimate	£266,971£266,971
BMV	7%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£13,700£13,700
Total Cash In	£76,200£76,200

Cash Out
Rent Range	£1,300 - £2,040£1,300 - £2,040
Rent Estimate	£1,481
Running Costs/mo	£1,097£1,097
Cashflow/mo	£384£384
Cashflow/yr	£4,603£4,603
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £101.4K to £363K, average is £227K. £2K/m² to £5.7K/m², average is £3.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£215K	04/23	0.07 mi	23, Stratheden Place, Reading RG1 7BH	£3,839	56	2	Flat
£215K	10/21	0.15 mi	29, Bedford Road, Reading RG1 7EU	£3,468	62	2	Flat
£234K	10/20	0.26 mi	Flat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY	-	-	2	Flat
£198K	12/20	0.34 mi	59b, Cardiff Road, Reading RG1 8ET	£3,143	63	2	Flat
£101.4K	02/23	0.34 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£250K	02/21	0.34 mi	Flat 21, Projection West, Merchants Place, Reading RG1 1ET	-	-	2	Flat
£180K	06/23	0.36 mi	Flat 19, Icon House, Merchants Place, Reading RG1 1EQ	-	-	2	Flat
£265K	09/21	0.39 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£300K	06/21	0.42 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£145K	11/20	0.53 mi	4, Katesgrove Lane, Reading RG1 2ND	£2,042	71	2	Flat
£240K	07/21	0.56 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£208K	03/21	0.57 mi	4, St Pauls Court, Reading RG1 6HF	£3,782	55	2	Flat
£196K	02/21	0.57 mi	19, Baron Court, Reading RG30 2BP	£4,000	49	2	Flat
£257.5K	05/21	0.58 mi	Flat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY	-	-	2	Flat
£300K	04/21	0.6 mi	Flat 18, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£363K	06/23	0.6 mi	Flat 57, Regents Riverside, Brigham Road, Reading RG1 8QS	-	-	2	Flat
£229K	01/21	0.64 mi	29 Compass House, South Street, Reading RG1 4GQ	£3,053	75	2	Flat
£188K	07/23	0.66 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	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
£225K	03/21	0.71 mi	Flat 9, Evesham House, Battle Square, Reading RG30 1DT	-	-	2	Flat
£216.5K	11/22	0.74 mi	Flat 3, Englefield House, Moulsford Mews, Reading RG30 1ET	-	-	2	Flat
£205K	11/20	0.74 mi	Flat 9, Englefield House, Moulsford Mews, Reading RG30 1ET	-	-	2	Flat
£200K	03/21	0.74 mi	Flat 50, Englefield House, Moulsford Mews, Reading RG30 1ET	-	-	2	Flat
£211K	03/23	0.74 mi	Flat 5, Lansdowne House, Moulsford Mews, Reading RG30 1ER	-	-	2	Flat
£340K	02/23	0.77 mi	11, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£330K	01/23	0.77 mi	86, Elliots Way, Caversham, Reading RG4 8BF	£5,593	59	2	Flat
£295K	02/23	0.77 mi	74, Elliots Way, Caversham, Reading RG4 8BF	£5,673	52	2	Flat
£335K	12/22	0.78 mi	9, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£170K	01/23	0.78 mi	Flat 48, Lynden Mews, Dale Road, Reading RG2 0AT	-	-	2	Flat
£269K	06/21	0.79 mi	4, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,419	61	2	Flat
£277K	03/21	0.79 mi	2, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,397	63	2	Flat
£295K	03/21	0.79 mi	20, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£330K	04/23	0.79 mi	45, Abbotsmead Place, Caversham, Reading RG4 8BB	-	-	2	Flat
£350K	10/22	0.79 mi	57, Abbotsmead Place, Caversham, Reading RG4 8BB	£4,375	80	2	Flat
£262.5K	09/21	0.79 mi	91, Elliots Way, Caversham, Reading RG4 8BW	£5,250	50	2	Flat
£265K	03/21	0.79 mi	71, Elliots Way, Caversham, Reading RG4 8BW	£5,528	48	2	Flat
£247.8K	11/21	0.83 mi	Flat 7, Greys Court, Sidmouth Street, Reading RG1 4PP	-	-	2	Flat
£220K	06/21	0.84 mi	47, Tippett Rise, Reading RG2 0DJ	£3,056	72	2	Flat
£200K	11/20	0.84 mi	Top Floor Flat, 183a, Elgar Road, Reading RG2 0DH	-	-	2	Flat
£207K	03/23	0.84 mi	19, Bexley Court, Reading RG30 2DY	£3,234	64	2	Flat
£189.9K	05/21	0.85 mi	Flat 6, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£168K	06/21	0.85 mi	Flat 1, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£195K	03/23	0.86 mi	104, Tippett Rise, Reading RG2 0DZ	£2,786	70	2	Flat
£330K	06/21	0.86 mi	Flat 22, Q2, Watlington Street, Reading RG1 4AY	£4,352	76	2	Flat
£230K	09/21	0.86 mi	Flat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS	-	-	2	Flat
£225K	04/21	0.88 mi	Flat 9, Charnwood House, Rembrandt Way, Reading RG1 6QR	-	-	2	Flat
£175K	11/22	0.89 mi	Flat 41, West Fryerne, Parkside Road, Reading RG30 2BY	-	-	2	Flat
£202.5K	03/21	0.89 mi	Flat 36, West Fryerne, Parkside Road, Reading RG30 2BY	-	-	2	Flat
£215K	07/23	0.89 mi	Flat 23, West Fryerne, Parkside Road, Reading RG30 2BY	-	-	2	Flat

Local Rents

49 rents from £1.3K/mo to £2K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	07/24	0.02 mi	Hayward, Chatham Place, Reading, RG1	2	Flat
£1,750	07/24	0.04 mi	Hewitt, 40 Alfred Street, Reading, Berkshire, RG1	2	Flat
£1,695	09/24	0.04 mi	Hermitage, Chatham Street, Reading, Berkshire, RG1	2	Flat
£1,700	09/24	0.05 mi	Halcyon, Chatham Place, Reading, RG1	2	Flat
£1,600	07/24	0.05 mi	Hermitage, Chatham Street	2	Flat
£1,675	11/24	0.05 mi	-	2	Flat
£1,650	07/24	0.05 mi	Halcyon, Chatham Place, Reading, RG1	2	Flat
£1,600	08/24	0.06 mi	Hermitage, Chatham Street, Reading, RG1	2	Flat
£1,650	07/24	0.06 mi	Hunsaker, Alfred Street	2	Flat
£1,600	08/24	0.06 mi	Hunsaker, Alfred Street, Reading, RG1	2	Flat
£1,600	07/24	0.06 mi	Chatham Place, Hayward, Chatham Place, Reading, Berkshire, RG1 7AZ	2	Flat
£1,700	07/24	0.06 mi	Hayward, Chatham Place, Reading, RG1	2	Flat
£1,600	03/25	0.06 mi	-	2	Flat
£1,795	04/25	0.06 mi	-	2	Flat
£1,650	04/25	0.06 mi	-	2	Flat
£1,695	08/24	0.07 mi	Hunsaker, Alfred Street, Reading, RG1	2	Flat
£1,300	07/24	0.07 mi	Stratheden Place	2	Flat
£1,500	08/24	0.07 mi	-	2	Flat
£1,650	07/24	0.07 mi	-	2	Flat
£2,040	10/24	0.07 mi	-	2	Flat
£2,000	09/24	0.08 mi	-	2	Flat
£2,000	07/24	0.08 mi	-	2	Flat
£2,000	10/24	0.08 mi	-	2	Flat
£1,995	03/25	0.08 mi	-	2	Flat
£2,000	07/24	0.08 mi	Hunsaker, Reading, RG1	2	Flat
£1,750	07/24	0.08 mi	Honister, 20 Alfred Street, Reading, RG1	2	Flat
£1,700	08/24	0.08 mi	Honister, 20 Alfred Street, Reading, RG1	2	Flat
£1,500	10/23	0.08 mi	Stratheden Place, Reading, Berkshire, RG1	2	Flat
£1,500	01/25	0.08 mi	-	2	Flat
£1,500	02/25	0.08 mi	-	2	Flat
£1,450	02/25	0.08 mi	-	2	Flat
£1,650	07/24	0.08 mi	Hewitt, Chatham Place	2	Flat
£2,000	07/24	0.08 mi	Hayward, Chatham Place, Reading, RG1	2	Flat
£1,725	04/25	0.08 mi	-	2	Flat
£1,700	07/24	0.09 mi	Chatham Street, Hermitage, RG1	2	Flat
£1,750	09/24	0.09 mi	Alfred Street, Reading, RG1	2	Flat
£1,995	07/24	0.09 mi	-	2	Flat
£1,795	04/25	0.09 mi	-	2	Flat
£1,650	10/24	0.09 mi	-	2	Flat
£1,750	07/24	0.09 mi	Hewitt, Alfred Street, Reading, RG1	2	Flat
£1,850	07/24	0.09 mi	Hewitt, Alfred Street, Reading, RG1	2	Flat
£1,600	07/24	0.09 mi	Hewitt, Alfred Street, Reading, RG1	2	Flat
£1,700	07/24	0.09 mi	Hewitt, Alfred Street, Reading, RG1	2	Flat
£1,600	07/24	0.09 mi	Hewitt, Alfred Street, Reading, RG1	2	Flat
£1,750	07/24	0.09 mi	Hewitt, Alfred Street, Reading, RG1	2	Flat
£1,700	07/24	0.09 mi	Hewitt, Alfred Street, Reading, RG1	2	Flat
£1,650	08/24	0.09 mi	Hewitt, 40 Alfred Street, Reading, RG1	2	Flat
£1,650	08/24	0.09 mi	Hewitt, Alfred Street, Reading, RG1	2	Flat
£1,650	09/24	0.09 mi	-	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.41 miles away0.41 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.43 miles away0.43 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+7%+7%

Property History

Listed for £250,000

March 4, 2025

Floor Plans

Description

Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
Leasehold Term 250 years from 25/03/2007 +
Landmark Development +
Master with en-suite +
Double bi-fold doors to juliet balcony +
Town Centre +
Two double bedrooms +
Open living / kitchen / dining space +
Undercroft parking +
Brand New Boiler +

Set within the prestigious Chatham Place Development is this two double bedroom apartment with main bathroom and en-suite to master bedroom. Open plan living / kitchen / dining space with double bi-fold doors to Juliet balcony. A further benefit is undercroft parking and no chain.

Council Tax Band: D
Tenure: Leasehold
Length Of Lease: 235
Annual Ground Rent Amount: £350.00
Annual Service Charge Amount: £3,800.00
Service Charge Review Period: Reviewed After 01/07