2 Bed Flat, Single Let, Reading, RG1 4QN, £220,000

2111D Sidmouth Court, Reading, Berkshire, RG1 4QN - 2 views - 2 months ago

Leasehold
BTL
ROI: 8%
~68 m²

ValuationUndervalued

Sold Prices£101.4K - £363K
Sold Prices/m²£1.7K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£257,198
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Total Cash In

£69,100

 

 

Cash Out

 

Rent Range

£1,300 - £2,300

Rent Estimate

£1,495

Running Costs/mo

£1,007

Cashflow/mo

£489

Cashflow/yr

£5,862

ROI

8%

Gross Yield

8%

Local Sold Prices

45 sold prices from £101.4K to £363K, average is £245K. £1.7K/m² to £5.7K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£295K04/230.07 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.07 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£247.8K11/210.07 miFlat 7, Greys Court, Sidmouth Street, Reading RG1 4PP2
£330K06/210.13 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2
£229K01/210.17 mi29 Compass House, South Street, Reading RG1 4GQ2
£188K07/230.24 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2
£229K01/210.27 mi29 Compass House, South Street, Reading RG1 4GQ2
£240K07/210.29 mi11, Deansgate Road, Reading RG1 2RZ2
£230K09/210.33 miFlat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS2
£275K05/230.4 mi78, Kennet Walk, Reading RG1 3GF2
£265K09/210.46 mi34, Swan Place, Reading RG1 6QD2
£145K11/200.47 mi4, Katesgrove Lane, Reading RG1 2ND2
£146K06/210.47 mi6, Robert Parker Road, Reading RG1 3FN2
£300K06/210.49 miFlat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS2
£245K12/220.49 miFlat 15, The Pinnacle, Kings Road, Reading RG1 4LY2
£283K02/230.49 miFlat 2, The Pinnacle, Kings Road, Reading RG1 4LY2
£180K06/230.51 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£261.5K02/230.51 mi1, Westerham Walk, Reading RG2 0BA2
£250K02/210.52 miFlat 21, Projection West, Merchants Place, Reading RG1 1ET2
£101.4K02/230.54 mi23, Talbot Court, Reading RG1 6QH2
£170K01/230.55 miFlat 48, Lynden Mews, Dale Road, Reading RG2 0AT2
£208K03/210.61 mi4, St Pauls Court, Reading RG1 6HF2
£220K06/210.61 mi47, Tippett Rise, Reading RG2 0DJ2
£195K03/230.62 mi104, Tippett Rise, Reading RG2 0DZ2
£200K11/200.64 miTop Floor Flat, 183a, Elgar Road, Reading RG2 0DH2
£240K09/210.67 mi10, Southern Hill, Reading RG1 5ES2
£255K11/200.67 mi32, Southern Hill, Reading RG1 5ES2
£234K10/200.74 miFlat 16, Jeffrey Place, Caversham Road, Reading RG1 7AY2
£290K12/220.76 miFlat 36, Milward Court, Warwick Road, Reading RG2 7BG2
£215K04/230.78 mi23, Stratheden Place, Reading RG1 7BH2
£300K04/210.81 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.81 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£198K12/200.86 mi59b, Cardiff Road, Reading RG1 8ET2
£262.5K09/210.88 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.88 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£295K02/230.89 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£330K01/230.89 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£265K10/220.91 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£215K10/210.92 mi29, Bedford Road, Reading RG1 7EU2
£255K02/230.94 mi1, Haywood Court, Reading RG1 3QF2
£250K10/220.96 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£230K05/210.96 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£270.9K10/221 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/211 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/211 mi34, Meadow Way, Caversham, Reading RG4 5LY2

Local Rents

50 rents from £1.3K/mo to £2.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,75010/240.02 mi-2
£1,49508/240.02 miSouth Street2
£1,60007/240.03 miSouth Street, Reading, Berkshire, RG12
£1,49507/240.03 miSouth Street, Reading, Berkshire, RG12
£1,93007/240.04 miFilbert Street, Reading, RG12
£1,85008/240.04 miJoseph Huntley Walk, Reading, RG12
£1,50004/250.04 mi-2
£1,50002/240.07 mi-2
£1,55012/240.07 mi-2
£1,49512/240.07 mi-2
£1,30007/240.07 miKings Oak Court, Reading2
£1,40007/240.07 miKings Oak Court, Queens Road2
£1,40007/240.07 miQueens Road, Reading, Berkshire, RG12
£1,95007/240.08 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£1,85008/240.08 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£1,75008/240.08 miQueens Road, Reading, Berkshire, RG12
£1,79508/240.08 miQueens Road, Reading, Berkshire, RG12
£1,75007/240.08 miQueens Wharf, Queens Road2
£1,60008/240.08 miKings Road, Reading, RG12
£1,70007/240.09 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£1,75007/240.09 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£2,10007/240.09 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£2,14002/240.09 mi-2
£1,50007/240.09 miQueens Cottages, Reading, Berkshire, RG12
£1,82507/240.09 mi-2
£1,82507/240.09 mi-2
£2,30008/240.09 mi-2
£2,30008/240.09 mi-2
£2,30008/240.09 mi-2
£2,30009/240.09 mi-2
£2,30009/240.09 mi-2
£2,30011/240.09 mi-2
£1,67511/240.09 mi-2
£2,30011/240.09 mi-2
£2,30001/250.09 mi-2
£2,30001/250.09 mi-2
£2,30002/250.09 mi-2
£1,92502/250.09 mi-2
£2,30004/250.09 mi-2
£1,92504/250.09 mi-2
£2,30004/250.09 mi-2
£2,30004/250.09 mi-2
£1,92504/250.09 mi-2
£1,67511/240.09 miQueens Road, Reading, RG12
£1,87502/240.09 mi-2
£1,67504/250.09 mi-2
£1,45007/240.1 mi-2
£1,45007/240.1 miThe Grove, Reading, RG12
£2,00008/240.1 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12
£1,55007/240.1 miQueens Wharf, 47 Queens Road, Reading, Berkshire, RG12

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.41 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Price changed to £220,000

March 24, 2025

Listed for £240,000

March 7, 2025

Floor Plans

Description

  • Upper Floor Apartment +
  • Dual Aspect Living Room +
  • Walking Distance To Town +
  • Allocated Parking +
  • Ideal First Time Or Investment Purchase +
  • No Onward Chain +
  • Easy Access To Transport Links +
  • Two Bedrooms +

NO ONWARD CHAIN COMPLICATIONS

An excellent opportunity to acquire a Reading town centre lockated apartment, this well-presented second floor property is a short walk to the mainline railway station, Royal Berkshire Hospital and other amenities.

Ideal for first time buyers and investment buyers alike, the accommodation comprises an entrance hall, a bathroom with a three-piece suite, a spacious dual aspect living room, separate fitted kitchen and two well-proportioned bedrooms.

Externally, there is allocated off street parking with further on road parking spaces for visitors, whilst the building itself is accessed via a secure telecom entry system. There is a private communal terrace accessed from the ground floor and the property further benefits from a dedicated storage space directly outside the flat.

Perfect for anyone prioritising a commute into the city via Reading’s unrivalled transport links, the property is very well located for access to the Oracle shopping complex and the university, and also for access to the M4.

Agent Details

Prospect Estate Agency, Reading

0118 230 3819

Next Steps?

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