2 Bed Flat, Single Let, Reading, RG1 6QP, £190,000

Rembrandt Way, Reading, Berkshire, RG1 6QP - 2 views - a month ago

Leasehold

BTL

ROI: 7%

~50 m²

+1 photos

ValuationOvervalued

Sold Prices	£101.4K - £300K
Sold Prices/m²	£2K/m² - £5.4K/m²

Square Metres	~50.11 m²
Price/m²	£3.8K/m²
Value Estimate	£180,441£180,441

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£47,500£47,500
Stamp Duty & Legal Fees	£12,000£12,000
Total Cash In	£59,500£59,500

Cash Out
Rent Range	£1,150 - £2,950£1,150 - £2,950
Rent Estimate	£1,208
Running Costs/mo	£855£855
Cashflow/mo	£353£353
Cashflow/yr	£4,232£4,232
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

41 sold prices from £101.4K to £300K, average is £215K. £2K/m² to £5.4K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£189.9K	05/21	0 mi	Flat 6, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£168K	06/21	0.01 mi	Flat 1, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£225K	04/21	0.04 mi	Flat 9, Charnwood House, Rembrandt Way, Reading RG1 6QR	-	-	2	Flat
£285K	01/21	0.22 mi	3, The Brookmill, Reading RG1 6DD	£5,377	53	2	Flat
£240K	03/23	0.55 mi	11, Ashdene Gardens, Reading RG30 2EP	£3,601	67	2	Flat
£245K	04/23	0.55 mi	77, Ashdene Gardens, Reading RG30 2EP	£3,889	63	2	Flat
£238K	07/21	0.55 mi	20, Ashdene Gardens, Reading RG30 2EP	£3,306	72	2	Flat
£228K	05/21	0.55 mi	19, Ashdene Gardens, Reading RG30 2EP	£3,314	69	2	Flat
£260K	02/23	0.55 mi	7, Ashdene Gardens, Reading RG30 2EP	£4,382	59	2	Flat
£196K	02/21	0.57 mi	19, Baron Court, Reading RG30 2BP	£4,000	49	2	Flat
£207K	03/23	0.58 mi	19, Bexley Court, Reading RG30 2DY	£3,234	64	2	Flat
£208K	03/21	0.63 mi	4, St Pauls Court, Reading RG1 6HF	£3,782	55	2	Flat
£202.5K	03/21	0.65 mi	Flat 36, West Fryerne, Parkside Road, Reading RG30 2BY	-	-	2	Flat
£215K	07/23	0.65 mi	Flat 23, West Fryerne, Parkside Road, Reading RG30 2BY	-	-	2	Flat
£175K	11/22	0.65 mi	Flat 41, West Fryerne, Parkside Road, Reading RG30 2BY	-	-	2	Flat
£297K	04/23	0.68 mi	15, Wingrove Road, Reading RG30 2BX	£3,561	83	2	Flat
£101.4K	02/23	0.75 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£200K	11/20	0.75 mi	Top Floor Flat, 183a, Elgar Road, Reading RG2 0DH	-	-	2	Flat
£145K	11/20	0.77 mi	4, Katesgrove Lane, Reading RG1 2ND	£2,042	71	2	Flat
£215K	10/21	0.77 mi	29, Bedford Road, Reading RG1 7EU	£3,468	62	2	Flat
£205K	11/21	0.77 mi	103, Elm Park, Reading RG30 2HT	£3,475	59	2	Flat
£258.3K	02/23	0.77 mi	75, Elm Park, Reading RG30 2HT	£4,288	60	2	Flat
£200K	06/23	0.77 mi	67, Elm Park, Reading RG30 2HT	£3,357	60	2	Flat
£201K	10/21	0.77 mi	61, Elm Park, Reading RG30 2HT	£3,350	60	2	Flat
£235K	02/23	0.77 mi	47, Elm Park, Reading RG30 2HT	£3,983	59	2	Flat
£217K	09/21	0.77 mi	49, Elm Park, Reading RG30 2HT	£3,617	60	2	Flat
£218K	05/23	0.77 mi	79, Elm Park, Reading RG30 2HT	£3,691	59	2	Flat
£220K	10/21	0.77 mi	15, Elm Park, Reading RG30 2HT	£3,729	59	2	Flat
£300K	06/21	0.77 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£220K	06/21	0.78 mi	47, Tippett Rise, Reading RG2 0DJ	£3,056	72	2	Flat
£195K	03/23	0.79 mi	104, Tippett Rise, Reading RG2 0DZ	£2,786	70	2	Flat
£170K	01/23	0.79 mi	Flat 48, Lynden Mews, Dale Road, Reading RG2 0AT	-	-	2	Flat
£265K	09/21	0.82 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£215K	04/23	0.91 mi	23, Stratheden Place, Reading RG1 7BH	£3,839	56	2	Flat
£220K	09/21	0.92 mi	Flat 10, Greengates, Lundy Lane, Reading RG30 2RX	-	-	2	Flat
£210K	03/21	0.92 mi	Flat 11, Greengates, Lundy Lane, Reading RG30 2RX	-	-	2	Flat
£240K	07/21	0.95 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£205K	11/20	0.98 mi	Flat 9, Englefield House, Moulsford Mews, Reading RG30 1ET	-	-	2	Flat
£200K	03/21	0.98 mi	Flat 50, Englefield House, Moulsford Mews, Reading RG30 1ET	-	-	2	Flat
£225K	03/21	0.98 mi	Flat 9, Evesham House, Battle Square, Reading RG30 1DT	-	-	2	Flat
£261.5K	02/23	0.99 mi	1, Westerham Walk, Reading RG2 0BA	-	-	2	Flat

Local Rents

49 rents from £1.1K/mo to £3K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	04/25	0.02 mi	-	2	Flat
£2,950	07/24	0.02 mi	-	2	Flat
£1,450	08/24	0.02 mi	-	2	Flat
£2,950	07/24	0.02 mi	Sherwood House, Reading, RG1	2	Flat
£1,450	07/24	0.02 mi	Sherwood House, Reading, RG1	2	Flat
£1,275	08/24	0.03 mi	Charnwood House, Rembrandt Way, Reading, RG1	2	Flat
£1,295	07/24	0.06 mi	Charnwood House, Rembrandt Way, Reading	2	Flat
£1,350	07/24	0.07 mi	Charnwood House, Rembrandt Way, RG1	2	Flat
£1,300	08/24	0.07 mi	Charnwood House, Rembrandt Way, RG1	2	Flat
£1,500	07/24	0.08 mi	Coley Avenue, Reading	2	Flat
£1,400	07/24	0.14 mi	Swallow Croft, Reading	2	Terraced House
£1,150	07/24	0.16 mi	Swallows Croft, Reading, Berkshire, RG1	2	Flat
£1,800	09/24	0.22 mi	The Brookmill, Reading, RG1	2	Semi-Detached House
£1,500	08/24	0.25 mi	Bath Road, Reading, RG1	2	Flat
£1,350	07/24	0.25 mi	Bath Road, Reading, Berkshire, RG1	2	Flat
£1,895	10/23	0.27 mi	Upcross House, Upcross Gardens, Reading, Berkshire, RG1	2	Flat
£1,450	03/25	0.28 mi	-	2	Flat
£1,600	08/24	0.3 mi	Bath Road, Reading, Berkshire, RG1	2	House
£1,400	08/24	0.3 mi	Bath Road, Reading	2	Flat
£1,600	07/24	0.31 mi	Brownlow Road, Reading	2	Flat
£1,700	07/24	0.31 mi	Brownlow Road, Reading	2	Flat
£1,700	08/24	0.31 mi	Brownlow Road, Reading	2	Flat
£1,400	08/24	0.31 mi	-	2	Flat
£1,450	08/24	0.31 mi	Bath Road, Reading	2	Flat
£1,450	07/24	0.32 mi	Petworth Court, Bath Road	2	Flat
£1,300	08/24	0.32 mi	Bath Road, Reading	2	Flat
£1,300	07/24	0.32 mi	Petworth Court, Bath Road, Reading	2	Flat
£1,300	12/24	0.33 mi	-	2	Flat
£1,300	07/24	0.34 mi	Coley Avenue, Reading, Berkshire, RG1	2	Flat
£1,375	07/24	0.34 mi	Shaw Road, Reading, Berkshire, RG1	2	Semi-Detached House
£1,750	08/24	0.34 mi	Haden Square, Reading, Berkshire, RG1	2	Terraced House
£1,350	07/24	0.34 mi	Priory Point, Southcote Lane, Reading, RG30	2	Flat
£1,650	08/24	0.34 mi	Bath Road, Reading, RG1	2	Flat
£1,400	07/24	0.34 mi	Haden Square, Reading, Berkshire, RG1	2	Flat
£2,000	10/23	0.34 mi	Riverside View, 5-9 Berkeley Avenue, Reading, Berkshire, RG1	2	Flat
£1,300	07/24	0.35 mi	Trafalgar Court	2	Flat
£1,200	07/24	0.35 mi	Trafalgar Court, Southcote Road, Reading, Berkshire, RG30	2	Flat
£1,400	01/25	0.35 mi	-	2	Flat
£1,395	10/23	0.36 mi	Priory Point, 36 Southcote Lane, Reading, Berkshire, RG30	2	Flat
£1,400	07/24	0.36 mi	Priory Point, Southcote Lane, Reading, RG30	2	Flat
£1,550	10/23	0.37 mi	Haden Square, Reading, Berkshire, RG1	2	Terraced House
£1,550	07/24	0.38 mi	The Huntley, Carmelite Drive	2	Flat
£1,300	02/24	0.38 mi	-	2	Flat
£1,299	12/24	0.38 mi	-	2	Flat
£1,250	01/25	0.39 mi	-	2	Flat
£1,250	02/25	0.39 mi	-	2	Flat
£1,250	04/25	0.39 mi	-	2	Flat
£1,200	07/24	0.4 mi	Kingswood Court, Southcote Road, Reading, Berkshire, RG30	2	Flat
£1,200	07/24	0.4 mi	Southcote Road, Reading	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.88 miles away0.88 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.69 miles away0.69 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 £190,000

March 12, 2025

Floor Plans

Description

Two Bedrooms +
No Onward Chain +
Residents Parking +
Top Floor +
Close To Amenities +
Communal Gardens +

Offered to the market with no onward chain and located within a short walk from Reading town centre and mainline railway station this this two bedroom apartment is ideal for first time buyers and investment buyers alike.

The property offers light and spacious accommodation comprising: entrance hallway, two bedrooms, bathroom, living room and kitchen. The property also benefits from residents parking and communal gardens. Viewing is recommended.

At the time of Instruction, we have been advised by the vendors of the following information:

Council Tax Band C (Reading Borough Council)

Ground rent £3,200 p/a
Service charge £80 p/a
91 years remaining on the lease

The above information may be subject to change during the transaction period.

Agent Details

Parkers, Reading

0118 230 6420

Next Steps?

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

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2 Bed Flat, Single Let, Reading, RG1 6QP, £190,000

ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents