2 Bed Flat, Single Let, Reading, RG2 9FJ £250,000

Shinfield Park, Berkshire, RG2 9FJ - 8 months ago

Leasehold

BTL

~64 m²

ValuationOvervalued

Sold Prices	£84K - £305K
Sold Prices/m²	£2.4K/m² - £5.2K/m²

Square Metres	~63.73 m²
Price/m²	£3.9K/m²
Value Estimate	£238,676£238,676

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£16,200£16,200
Total Cash In	£78,700£78,700

Cash Out
Rent Range	£895 - £1,848£895 - £1,848
Rent Estimate	£919
Running Costs/mo	£985£985
Cashflow/mo	£-66£-66
Cashflow/yr	£-793£-793
Gross Yield	4%4%

Local Sold Prices

42 sold prices from £84K to £305K, average is £222.5K. £2.4K/m² to £5.2K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£235K	02/25	0.04 mi	32, Rossby, Reading RG2 9FS	£3,917	60	2	Flat
£219K	09/21	0.04 mi	6, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,590	61	2	Flat
£227.5K	06/21	0.04 mi	4, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,482	65	2	Flat
£225K	03/25	0.04 mi	20, Cirrus Drive, Shinfield RG2 9FL	£5,000	45	2	Flat
£215K	06/23	0.11 mi	First Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£225K	03/25	0.11 mi	20, Second Floor Flat, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£230K	12/22	0.11 mi	Ground Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£220K	09/21	0.12 mi	44, Perigee, Shinfield, Reading, Wokingham RG2 9FT	-	-	2	Flat
£228K	06/23	0.12 mi	19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR	£3,462	66	2	Flat
£97.5K	11/22	0.4 mi	Flat 16, Southglade, Whitley Wood Road, Reading RG2 8JS	-	-	2	Flat
£220K	12/22	0.54 mi	345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY	£3,971	55	2	Flat
£250K	02/25	0.57 mi	Engineers Court, 7, Whitley Wood Lane, Reading RG2 8AQ	£3,472	72	2	Flat
£84K	06/25	0.57 mi	12, Engineers Court, Whitley Wood Lane, Reading RG2 8AQ	-	-	2	Flat
£235K	10/24	0.57 mi	6, Gloucester Avenue, Shinfield RG2 9GA	£3,615	65	2	Flat
£270K	01/23	0.64 mi	29, Songbird Close, Shinfield, Reading, Wokingham RG2 9AB	£3,214	84	2	Flat
£150K	10/24	0.68 mi	Lancaster Court, Flat 2, Newstead Rise, Reading RG2 8JX	£3,125	48	2	Flat
£235K	09/24	0.69 mi	10 Highclere Court, Flat 4, Whitley Wood Road, Reading RG2 8JZ	£4,123	57	2	Flat
£215K	08/21	0.7 mi	10, Fakenham Close, Lower Earley, Reading, Wokingham RG6 4AB	£3,644	59	2	Flat
£300K	09/21	0.7 mi	111, Skylark Way, Shinfield, Reading, Wokingham RG2 9AD	£3,896	77	2	Flat
£270K	06/23	0.72 mi	2, Felthorpe Close, Lower Earley, Reading, Wokingham RG6 4AF	-	-	2	Flat
£269K	03/25	0.85 mi	Flat 7, 1 Osbern Court, Beke Avenue, Reading RG2 9UW	£4,076	66	2	Flat
£269K	03/25	0.85 mi	Flat 7, 1 Osbern Court, Beke Avenue, Reading RG2 9UW	-	-	2	Flat
£270K	02/25	0.89 mi	91, Bolton Drive, Reading RG2 9RD	£5,192	52	2	Flat
£276K	07/25	0.89 mi	85, Bolton Drive, Shinfield RG2 9RD	-	-	2	Flat
£191K	09/21	0.96 mi	5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	£3,183	60	2	Flat
£150K	09/22	0.96 mi	27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	-	-	2	Flat
£215.5K	07/25	0.97 mi	19, Langdale Gardens, Reading RG6 5TU	-	-	2	Flat
£190K	02/25	0.98 mi	47, Larks Meade, Earley, Reading, Wokingham RG6 5TA	£3,519	54	2	Flat
£150K	10/22	0.98 mi	27, Larks Meade, Earley, Reading, Wokingham RG6 5TA	-	-	2	Flat
£130K	10/22	0.98 mi	51, Larks Meade, Earley, Reading, Wokingham RG6 5TA	-	-	2	Flat
£305K	01/25	0.99 mi	20, Ruston Close, Reading RG2 0DA	£4,692	65	2	Flat
£295K	11/24	0.99 mi	16, Flat 8, Ruston Close, Reading RG2 0DA	£4,538	65	2	Flat
£210K	12/22	1 mi	38, Emmbrook Court, Reading RG6 5TZ	£3,538	59	2	Flat
£220K	12/24	1 mi	17, Emmbrook Court, Reading RG6 5TZ	£4,400	50	2	Flat
£195K	12/22	1 mi	14, Emmbrook Court, Reading RG6 5TZ	-	-	2	Flat
£220K	08/21	1 mi	19, Emmbrook Court, Reading RG6 5TZ	£4,000	55	2	Flat
£230K	03/25	1 mi	20, Emmbrook Court, Reading RG6 5TZ	-	-	2	Flat
£225K	05/25	1 mi	4, Emmbrook Court, Reading RG6 5TZ	£3,462	65	2	Flat
£225K	05/25	1 mi	4, Emmbrook Court, Reading RG6 5TZ	-	-	2	Flat
£133K	01/25	1 mi	37, Larks Meade, Earley RG6 5TA	£2,418	55	2	Flat
£133K	01/25	1 mi	37, Larks Meade, Earley RG6 5TA	-	-	2	Flat
£190K	02/25	1 mi	47, Larks Meade, Reading RG6 5TA	-	-	2	Flat

Local Rents

50 rents from £895/mo to £1.8K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	10/25	0.04 mi	Rossby, Shinfield, Reading, RG2	2	Flat
£1,350	07/25	0.05 mi	Rossby, Shinfield, Berkshire, RG2	2	Flat
£1,300	08/25	0.05 mi	Rossby, Shinfield Park, Shinfield, RG2	2	Flat
£1,350	09/25	0.05 mi	Rossby, Shinfield, Berkshire, RG2	2	Flat
£1,300	07/24	0.05 mi	Rossby, Shinfield Park, Reading, RG2	2	Flat
£1,400	07/24	0.05 mi	Rossby, Shinfield, RG2	2	Flat
£1,500	11/25	0.05 mi	Greenwich Road, Shinfield, RG2	2	Flat
£1,400	04/25	0.06 mi	-	2	Flat
£1,400	06/25	0.07 mi	-	2	Flat
£1,400	06/25	0.07 mi	Cirrus Drive, Shinfield, Reading, RG2	2	Flat
£1,450	03/25	0.08 mi	-	2	Flat
£1,300	10/25	0.08 mi	Rossby, Shinfield, Reading, RG2	2	Flat
£1,300	07/25	0.08 mi	Cirrus Drive, Shinfield, Reading, RG2	2	Flat
£1,300	07/25	0.08 mi	-	2	Flat
£1,300	07/24	0.08 mi	Rossby, Shinfield, Berkshire, RG2	2	Flat
£1,395	01/25	0.09 mi	-	2	Flat
£1,350	08/25	0.09 mi	Cirrus Drive, Shinfield, Reading, RG2	2	Flat
£960	07/25	0.09 mi	Cirrus Drive, Shinfield, Reading, RG2	2	Flat
£1,350	02/24	0.09 mi	-	2	Flat
£1,350	08/25	0.09 mi	-	2	Flat
£1,400	07/25	0.11 mi	Cirrus Drive, Shinfield, Reading, RG2	2	Flat
£1,350	08/25	0.11 mi	Cirrus Drive, Shinfield, Reading, RG2	2	Flat
£1,450	05/25	0.11 mi	Cirrus Drive, Shinfield, Reading, Berkshire, RG2	2	Flat
£1,848	08/25	0.11 mi	-	2	Flat
£1,300	07/24	0.11 mi	Shinfield Park, Reading, RG2 9FL	2	Flat
£1,300	10/23	0.11 mi	Shinfield Park, RG2 9FL	2	Flat
£1,150	07/24	0.12 mi	Shinfield Park, Reading, RG2 9FT	2	Flat
£995	07/25	0.12 mi	Perigee, Reading, RG2	2	Flat
£1,300	06/25	0.12 mi	Aphelion Way, Shinfield, Berkshire, RG2	2	Flat
£1,400	07/25	0.12 mi	Aphelion Way, Shinfield, Berkshire, RG2	2	Flat
£1,395	12/24	0.12 mi	Perigee, Shinfield, Reading, Berkshire, RG2	2	Flat
£1,475	06/25	0.13 mi	Shinfield, Reading, RG2	2	Flat
£1,475	06/25	0.13 mi	-	2	Flat
£1,450	07/24	0.13 mi	Cirrus Drive, Shinfield, Reading, Berkshire, RG2	2	Flat
£1,400	08/24	0.15 mi	Aphelion Way, Shinfield, Reading, Berkshire, RG2	2	Flat
£1,400	11/25	0.15 mi	Aphelion Way, Shinfield, Reading, Berkshire, RG2	2	Flat
£1,550	10/24	0.29 mi	-	2	Flat
£1,600	11/25	0.32 mi	Woodside Way, Reading, Berkshire, RG2	2	Semi-Detached House
£1,550	08/24	0.38 mi	Whitley Wood Road, Reading, Berkshire, RG2	2	Semi-Detached House
£1,550	11/25	0.38 mi	-	2	Terraced House
£895	07/25	0.39 mi	Whitley Wood Road, Reading	2	Flat
£1,600	11/25	0.42 mi	Worrall Way, Lower Earley, Reading, RG6	2	House
£1,400	09/24	0.42 mi	-	2	Terraced House
£1,450	06/25	0.45 mi	Wentworth Avenue, Reading, Berkshire, RG2	2	Semi-Detached House
£1,400	09/24	0.45 mi	Wentworth Avenue, Reading, Berkshire, RG2	2	Semi-Detached House
£1,375	10/25	0.46 mi	-	2	Flat
£1,450	08/24	0.53 mi	Gloucester Avenue, Shinfield, Berkshire, RG2	2	Flat
£1,400	11/25	0.53 mi	Gloucester Avenue, Shinfield, Berkshire, RG2	2	Flat
£1,600	07/25	0.55 mi	Longcroft Gardens, Shinfield, RG2	2	Terraced House
£1,380	01/24	0.55 mi	-	2	Semi-Detached House

Local Area Statistics

Population in RG2	36,86636,866
Population in Reading	321,187321,187
Town centre distance	2.66 miles away2.66 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	2.17 miles away2.17 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+12%+12%

Property History

Price changed to £250,000

May 15, 2025

Listed for £260,000

March 13, 2025

Floor Plans

Description

Leasehold Term 155 years from 01/01/2006 +
Purpose Built Apartment +
Two Double Bedrooms +
Bathroom and En-Suite Shower +
Main Reception Room +
Fitted Kitchen +
No Onward Chain +
Allocated Parking +

Property Description

Situated in Shinfield Park is this two double bedroom purpose built apartment with 'wrap around' balcony, main reception and fitted kitchen.

Agent Details

Chancellors, Reading

0118 230 1565

Next Steps?

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

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CashflowsOpen in Analyser

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

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