2 Bed Flat, Single Let, Reading, RG2 9RD, £270,000

Bolton Drive, Shinfield, RG2 9RD - a month ago

Sold STC
Leasehold
BTL
ROI: 4%
~66 m²
+12 photos

ValuationOvervalued

Sold Prices£97.5K - £305K
Sold Prices/m²£2.3K/m² - £5.4K/m²

 

 

Square Metres

~65.96 m²
Price/m²£4.1K/m²

Value Estimate

£236,807

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£18,200

Total Cash In

£85,700

 

 

Cash Out

 

Rent Range

£1,380 - £1,750

Rent Estimate

£1,413

Running Costs/mo

£1,146

Cashflow/mo

£267

Cashflow/yr

£3,200

ROI

4%

Gross Yield

6%

Local Sold Prices

36 sold prices from £97.5K to £305K, average is £218.3K. £2.3K/m² to £5.4K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£300K09/210.32 mi111, Skylark Way, Shinfield, Reading, Wokingham RG2 9AD2
£270K01/230.32 mi29, Songbird Close, Shinfield, Reading, Wokingham RG2 9AB2
£187.5K01/210.33 mi5a, School Green, Shinfield, Reading, Wokingham RG2 9EE2
£160K05/210.67 mi345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY2
£220K12/220.67 mi345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY2
£217.5K12/200.9 mi3, Greenwich Road, Shinfield, Reading, Wokingham RG2 9FJ2
£200K03/210.92 mi26, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£219K09/210.92 mi6, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£227.5K06/210.92 mi4, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£215K06/230.97 miFirst Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£230K12/220.97 miGround Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£212.5K04/210.98 miSecond Floor Flat, 20, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£220K09/211 mi44, Perigee, Shinfield, Reading, Wokingham RG2 9FT2
£228K06/231.01 mi19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR2
£97.5K11/221.12 miFlat 16, Southglade, Whitley Wood Road, Reading RG2 8JS2
£225K12/221.35 mi37, Clements Close, Spencers Wood, Reading, Wokingham RG7 1HJ2
£178K09/211.4 mi83, Clements Close, Spencers Wood, Reading, Wokingham RG7 1HH2
£270K06/231.43 mi2, Felthorpe Close, Lower Earley, Reading, Wokingham RG6 4AF2
£215K08/211.43 mi10, Fakenham Close, Lower Earley, Reading, Wokingham RG6 4AB2
£225K03/231.49 mi39, Benham Drive, Spencers Wood, Reading, Wokingham RG7 1FB2
£223K08/231.49 mi53, Benham Drive, Spencers Wood, Reading, Wokingham RG7 1FB2
£210K06/211.54 mi28, Beatty Rise, Spencers Wood, Reading, Wokingham RG7 1FQ2
£175K01/211.79 mi32, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£202K01/211.79 mi48, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£150K10/221.79 mi27, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£130K10/221.79 mi51, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£191K09/211.84 mi5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU2
£150K09/221.84 mi27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU2
£210K12/221.88 mi38, Emmbrook Court, Reading RG6 5TZ2
£195K12/221.88 mi14, Emmbrook Court, Reading RG6 5TZ2
£220K08/211.88 mi19, Emmbrook Court, Reading RG6 5TZ2
£252.5K06/211.91 mi1a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£242K07/231.91 mi14a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£305K12/221.91 mi6, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£304.5K09/221.94 mi14, Harlton Close, Lower Earley, Reading, Wokingham RG6 4JH2
£275K12/221.94 mi11, Harlton Close, Lower Earley, Reading, Wokingham RG6 4JH2

Local Rents

11 rents from £1.4K/mo to £1.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,65007/240.08 miFloyer Grove, Shinfield, Reading, Berkshire, RG2 9UZ2
£1,45007/240.09 miOsbern Court, 1 Beke Avenue, Shinfield, Reading, RG22
£1,75007/240.11 miLeaf Living at Shinfield Meadows, Venice Road, RG22
£1,70007/240.11 miOsbern Court, Shinfield, Reading, RG22
£1,45006/240.11 mi-2
£1,70008/240.11 mi-2
£1,50009/240.13 miNewburgh Crescent, Shinfield, Reading, Berkshire, RG22
£1,50004/250.22 mi-2
£1,38001/240.34 mi-2
£1,45008/240.36 miGloucester Avenue, Shinfield, Berkshire, RG22
£1,40008/240.44 mi-2

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

3.45 miles away

Nearest school

0.20 miles away

Nearest train station

2.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £270,000

March 7, 2025

Floor Plans

Description

  • Built by Bloor Homes in 2019 +
  • Two spacious bedrooms +
  • En Suite and bathroom +
  • Two allocated parking spaces +
  • Sunny balcony +
  • 117 years remaining on lease term +
  • Close to local green spaces & amenities +
  • Easy access to Reading & Wokingham +

Owners Comments… 85 Bolton Drive, what a place. We will forever cherish our time here, it was our first home together and holds many fond memories, from our engagement to hosting many fantastic gatherings with friends and family.

It really does have everything you need, from local shops, nice walks, wonderful neighbours, superb location & and overall a lovely community feel both in the block itself as well as Shinfield Meadows.

So close to both Reading & Wokingham, with local transport available made it a solid hub for us as working professionals.

Time for us to move on, but to the persons who purchases, you will love your time here.

Dan & Neil Estate Agents’ comments…

This stunning first-floor apartment, built just a few years ago by Bloor Homes, boasts a high-quality finish throughout, enhanced by stylish upgrades from the current owners.

Upon entering, you're welcomed by a spacious hallway with elegant panelling and fitted storage. The apartment features two double bedrooms, including a main bedroom with s en-suite, along with a family bathroom. The highlight of this home is the expansive open-plan kitchen and living area at the back of the property—it's the perfect entertaining space! There are plenty of windows so the apartment is flooded with natural light, and a private balcony extends from the living room, offering a perfect spot to relax. The kitchen is fully equipped with integrated appliances and upgraded features by the sellers, including a new sink and stylish splashbacks.

To complete the package, the property comes with two allocated parking spaces and lots of visitor parking!

Area Comments…

Bolton Drive is located within Shinfield Meadows which is a great location and highly desirable. You have several local pubs and amenities including a Co-op, café, post office, Crumbs cafe and the brand new (soon to reopen!) Lidl store all within walking distance. The popular Langley Mead nature reserve is a short walk away which is great for walks and there are also plenty of play parks nearby. You have several local pubs and amenities including a Co-op, café, post office, Crumbs cafe and the brand new (soon to reopen!) Lidl store all within walking distance.

There are main bus routes close by taking you into Reading or Wokingham towns and you are just a few minutes from Mereoak Park and Ride or junction 11 of the M4, making it a really well connected location.

Further info...

Service charge and ground rent payable. Check out our ‘Key Facts’ brochure for tonnes of information from internet speeds and bus stops, to local schools and airports.

Agent Details

Avocado Property, Covering South East

01344 951830

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪