2 Bed Flat, Single Let, Reading, RG4 7QX, £210,000

203 Hemdean Road, Caversham, Reading RG4 7QX - 1 views - 21 days ago

Auction
BTL
ROI: 7%
45 m²
+2 photos

ValuationOvervalued

Sold Prices£171K - £585K
Sold Prices/m²£2.6K/m² - £8K/m²

 

 

Square Metres

45 m²
Price/m²£4.7K/m²

Value Estimate

£203,002

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£11,700

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£1,250 - £2,200

Rent Estimate

£1,289

Running Costs/mo

£934

Cashflow/mo

£355

Cashflow/yr

£4,259

ROI

7%

Gross Yield

7%

Local Sold Prices

44 sold prices from £171K to £585K, average is £273K. £2.6K/m² to £8K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£229.9K01/210.01 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£250K06/210.17 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.17 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£407.5K10/200.2 miFlat 2, Balmore Park House, Newlands Avenue, Caversham, Reading RG4 8NS2
£250K12/200.3 mi63, Sheridan Avenue, Caversham, Reading RG4 7QB2
£227.5K09/210.46 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.46 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.46 mi14, Waller Court, Caversham, Reading RG4 6DB2
£255K03/210.46 mi35, Field View, Caversham, Reading RG4 5HD2
£490K05/210.5 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.5 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.5 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£243.5K12/200.56 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2
£350K10/220.56 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200.57 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.57 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.57 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.57 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.57 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£367.5K02/210.58 mi6, George Close, Caversham, Reading RG4 5EW2
£340K02/230.59 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£335K12/220.6 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£250K10/220.64 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£230K05/210.65 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£171K10/220.66 mi7, Unity Court, Emmer Green, Reading RG4 8LQ2
£330K01/230.71 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£295K02/230.71 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£262.5K09/210.71 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.71 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£265K10/220.72 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£422.5K11/210.72 mi18, Lyefield Court, Emmer Green, Reading RG4 8AP2
£420K02/230.72 mi7, Lyefield Court, Emmer Green, Reading RG4 8AP2
£480K01/230.73 mi14, Lyefield Court, Emmer Green, Reading RG4 8AP2
£285K06/230.73 mi12, Emmer Green Court, Caversham, Reading RG4 6NQ2
£257.5K05/210.77 miFlat 26, Caversham Place, Richfield Avenue, Reading RG1 8BY2
£185K03/210.78 mi19, Regency Heights, Caversham, Reading RG4 7RH2
£300K04/210.82 miFlat 18, Regents Riverside, Brigham Road, Reading RG1 8QS2
£363K06/230.82 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£240K06/210.9 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.9 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.9 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.9 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.9 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£395K01/211 miFlat 6, Avenue House, Upper Warren Avenue, Caversham, Reading RG4 7EF2

Local Rents

27 rents from £1.3K/mo to £2.2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,65003/250.14 mi-2
£1,40003/250.17 mi-2
£1,29507/240.24 miAsh Court, Balmore Park, Reading2
£1,29507/240.24 miKidmore Road, Caversham, Reading, Berkshire, RG42
£1,45012/240.27 miCharlotte Close, Caversham, Reading, RG42
£1,80007/240.39 miDellwood Park, Caversham, Berkshire, RG42
£1,29512/240.42 miDerby Road, Caversham2
£1,40012/240.43 miFry Court, 11A Derby Road, Caversham, Reading, RG42
£1,75007/240.43 miCaversham, Reading2
£1,70001/240.45 mi-2
£1,65002/240.45 mi-2
£1,30002/240.46 mi-2
£1,50012/240.48 mi-2
£2,15012/240.48 miTreetops, The Mount, Reading2
£2,20012/240.49 miTreetops, The Mount, Caversham, Reading, Berkshire, RG42
£2,20012/240.49 miTreetops, Caversham, Reading2
£1,75012/240.5 miNorth Street, Caversham2
£1,40007/240.5 mi2 Auburn Court2
£1,80001/250.51 mi-2
£1,65003/250.52 mi-2
£1,25007/240.52 miSt. Martins Precinct, Church Street, Caversham, Reading, RG42
£1,37507/240.56 miAbbotsmead Place, Wolsey Road, Caversham, Reading, RG42
£1,60002/240.57 mi-2
£1,37512/240.58 mi-2
£1,50007/240.58 miGeorge Close, Grosvenor Road, Caversham2
£1,45007/240.59 miAbbotsmead Place2
£1,35007/240.59 miSouth View Avenue, Caversham2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.55 miles away

Nearest school

0.10 miles away

Nearest train station

1.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £210,000

March 14, 2025

Floor Plans

Description

  • Potential to extend +
  • Potential for off road parking +
  • Next Open house viewing Thursday 25/03/2025 11.30 - 12.00 +

Open house viewing dates: Tuesday 25/03/2025 11.30 - 12.00, Saturday 05/04/2025 09.30 - 10.00.  FOR SALE BY ONLINE AUCTION - Date TBC (unless sold beforehand)  DESCRIPTION / LOCATION: A ground floor apartment in a most desirable setting, on the outskirts of Caversham and about 0.75miles from the main shopping centre.  Reading railway station is about 1.5 miles with the Town Centre a little further so all within walking distance. There is potential to extend this property with a single storey extension to the rear, subject to planning.  There is a strong demand for rented accommodation in the Caversham area and so this property would be ideal either for owner occupation or as an investment.  Villages/Towns to the north include Henley, Pangbourne, Goring, Wallingford and Oxford.  Also just to the north is the delightful countryside of The Chilterns.  **Bedroom 1: **12’ x 10’3 – overlooking the rear garden  **Bedroom 2: **10’ x 7’9 – at the front  Bathroom: modern white suite of bath with mixer taps, shower rail and shower attachment, pedestal wash hand basin and wc. Wall mounted Dimplex room heater.  **Entrance Porch: **ntegral and with useful understairs cupboard.  **Entrance Hall: **with coats cupboard  **Reception Room: **14’5 x 10’4         Kitchen: 8’5 x 6’6 stainless steel sink unit, wall mounted and floor cupboards. Candy electric oven with 4 ring electric hob. LEC fridge/freezer, Beko washing machine. Ariston gas fired wall mounted  boiler for hot water.  Car parking: There are double gates at the front but no “drop kerb.” Potential for permanent off road parking subject to consents.  **Gardens: **The property enjoys private (not communal) gardens to the front, side and rear. Road frontage about 26ft widening at the rear to about 40ft x 106 ft.  The precise extent of the gardens can be see on the Land Registry Plan in the Legal Pack.  NB. The first floor flat has a pedestrian right of way to their front door and then a footpath to their private gardens.  Services: Mains water, gas, electricity and drainage are connected.  **Council Tax: **Band C.  **EPC: **50 E.  Local Authority: The property is within the administration area of Reading Borough Council.  Tenure: Freehold.  Broadband: Ultrafast 1000 mbps download speed and 1000 mbps upload speed.  Viewing: By appointment with the Owner’s Sole Agents and Auctioneers, Martin & Pole, Wokingham  The Solicitors: LGP Solicitors, Lacemaker House, 5-7 Chapel Street, Marlow, Bucks SL7 3HN. Contact: **Alex Land ** **THE CONDITIONS OF SALE: ** are included in the Legal and Information Pack available from the Auctioneers prior to the Auction Sale and online at .  A copy of the Conditions of Sale will be attached to these Particulars to form part of the Contract.  *  Property Auctioneers are required by the ASA to explain to prospective buyers the definitions of Price Guide and Reserve.  The Reserve is the minimum price set by the seller at which the auctioneer can sell the property.  The reserve can be set and agreed at any point up to the start of the auction or indeed can be changed during the auction.  The reserve can be lower than the guide price, the same as the guide price or up to 10% above the guide price.  In accordance with ASA guidelines the guide price can be changed at any time up to and including the day of the auction sale.  If the guide price is changed, we will endeavour to advertise the new guide price at the earliest opportunity.  A list of final guide prices will be published in the auction room immediately prior to the sale.  This may be the first opportunity to publish changes.  IMPORTANT NOTICES **Identification of the Buyer: **To accord with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and the Proceeds of Crime Act 2002 as amended: **For online auctions: **To register no less than 24 hours before the start of the auction on the AMS platform (accessed via our website) which requires proof of ID to accord with the above regulations.  The registered bidder, if successful, is the Buyer.  If it is intended there should be two or more parties or a company bidding, the regulations apply to all parties including company directors. **For Public Auctions: **The same regulations apply, with registration no less than one hour before the start of the sale. **Buyer’s Fee: **A charge of £900 (inc VAT), payable only by the successful Buyer, will be due to the Auctioneers Martin & Pole.  An appropriate VAT receipted invoice will be issued. **Signing the Memorandum, Payment of the Deposit and Buyer’s Fee: **The Auctioneer is authorised to sign the Memorandum/Contract on behalf of the Buyer.  The successful bidder at an online auction is liable to pay the deposit and the Buyer’s Fee of £900 inc vat at the conclusion of the sale or for a sale by public auction, on the fall of the hammer.  The deposit and Buyer’s Fee should be paid directly into the allocated Martin and Pole Client B account. **Property Details: **We have endeavoured diligently to ensure the details of this property are accurate. We have not tested the services, appliances, or fittings (if any) referred to in the details.  We recommend that each of the statements is verified and the condition of the property and of the services, appliances, and fittings (if any) is investigated by you or your advisers before you finalise your offer to purchase, bid for the property or enter into a contractual commitment. **Stipulations: **The property is sold with all faults and defects whether of condition or otherwise and neither the Seller nor the Agents of the Seller are responsible for any faults or defects or for any statements contained in the Particulars of the property prepared by the Agents.  The Buyer hereby acknowledges that he has not entered this Contract in reliance on any of the said statements and they have satisfied themselves as to the correctness of each of the said statements by said Agents in relation to or in connection with the property.

Agent Details

Martin & Pole, Wokingham

0118 230 8426

Next Steps?

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