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2 Bed Flat, Single Let, Reading, RG1 5NY, £180,000

London Road, Reading, RG1 5NY - a month ago

Leasehold
BTL
ROI: 8%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£146K - £330K
Sold Prices/m²£1.7K/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£217,800
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,950

Rent Estimate

£1,200

Running Costs/mo

£823

Cashflow/mo

£378

Cashflow/yr

£4,530

ROI

8%

Gross Yield

8%

Local Sold Prices

24 sold prices from £146K to £330K, average is £245K. £1.7K/m² to £4.7K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£245K12/220.11 miFlat 15, The Pinnacle, Kings Road, Reading RG1 4LY2
£283K02/230.11 miFlat 2, The Pinnacle, Kings Road, Reading RG1 4LY2
£229K01/210.32 mi29 Compass House, South Street, Reading RG1 4GQ2
£275K05/230.36 mi78, Kennet Walk, Reading RG1 3GF2
£255K02/230.39 mi1, Haywood Court, Reading RG1 3QF2
£146K06/210.4 mi6, Robert Parker Road, Reading RG1 3FN2
£330K06/210.47 miFlat 22, Q2, Watlington Street, Reading RG1 4AY2
£247.8K11/210.53 miFlat 7, Greys Court, Sidmouth Street, Reading RG1 4PP2
£295K04/230.62 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.62 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£240K09/210.64 mi10, Southern Hill, Reading RG1 5ES2
£255K11/200.64 mi32, Southern Hill, Reading RG1 5ES2
£230K09/210.7 miFlat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS2
£229K01/210.73 mi29 Compass House, South Street, Reading RG1 4GQ2
£188K07/230.77 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2
£290K12/220.83 miFlat 36, Milward Court, Warwick Road, Reading RG2 7BG2
£261.5K02/230.84 mi1, Westerham Walk, Reading RG2 0BA2
£240K07/210.84 mi11, Deansgate Road, Reading RG1 2RZ2
£270.9K10/220.93 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.93 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.93 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£200K06/210.96 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.96 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£170K01/230.99 miFlat 48, Lynden Mews, Dale Road, Reading RG2 0AT2

Local Rents

50 rents from £1.1K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,40004/250.03 mi-2
£1,40007/240.06 miSovereign Court, Kings Road2
£1,80007/240.06 mi-2
£1,80011/240.06 mi-2
£1,80004/250.06 mi-2
£1,70007/240.06 miKings Road, Reading, RG12
£1,70007/240.06 mi-2
£1,55012/240.07 mi-2
£1,45004/250.07 mi-2
£1,55004/250.07 mi-2
£1,80012/240.08 mi-2
£1,75004/250.08 mi-2
£1,20007/240.08 miPrestwick Ct., Muirfield Close, Reading2
£1,05007/240.1 miCumberland Road, Reading2
£1,35007/240.1 miMuirfield Close, Reading, RG1 4PQ2
£1,59507/240.1 miBlenheim Road, Reading2
£1,40007/240.1 miThe Pinnacle, Kings Road, Reading, RG12
£1,55011/240.1 mi-2
£1,37512/240.1 mi-2
£1,50007/240.11 miThe Pinnacle, Kings Road, Reading, Berkshire, RG12
£1,55007/240.11 miThe Pinnacle, Kings Road, Reading, Berkshire, RG12
£1,55010/230.11 miThe Pinnacle, Kings Road, Reading, Berkshire, RG12
£1,42504/250.12 mi-2
£1,45004/250.12 mi-2
£1,30009/240.13 miGranby Gardens, Reading, RG12
£1,40012/240.13 mi-2
£1,40007/240.14 mi-2
£1,60010/240.14 mi-2
£1,20004/250.14 mi-2
£1,65007/240.14 mi300 Kings Road, Reading2
£1,52501/250.15 mi-2
£1,50007/240.15 miWokingham Road, Reading, Berkshire, RG62
£1,30007/240.16 miCarnarvon Road, , RG12
£1,70004/250.16 mi-2
£1,30009/240.16 miAlexandra Road, Reading, RG12
£1,30009/240.16 mi-2
£1,40007/240.17 miEastern Avenue, Reading, Berkshire, RG12
£1,90007/240.17 miPalmer Street, Readiing, RG12
£1,72507/240.17 miPalmer Street, Reading, RG12
£1,72507/240.17 miPalmer Street, Reading, RG12
£1,75007/240.17 miPalmer Street, Reading, RG12
£1,75007/240.17 miPalmer Street, Reading, RG12
£1,95007/240.17 miPalmer Street, Reading, RG12
£1,72507/240.17 miPalmer Street, Reading, RG12
£1,80007/240.17 miPalmer Street, Reading, RG12
£1,92507/240.17 miPalmer Street, Reading, RG12
£1,75007/240.17 miPalmer Street, Reading, RG12
£1,50009/240.18 mi-2
£1,25007/240.19 miAmity Road, Reading, Berkshire, RG12
£1,60003/250.19 mi-2

Links

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.97 miles away

Nearest school

0.20 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £180,000

March 17, 2025

Floor Plans

Description

  • No chain +
  • Top floor +
  • Gas central heating +
  • Parking +
  • Good transport links +
  • Close to local amenities +
  • First time buyer or investor +

Northwood are pleased to welcome to the market this top floor 1 bedroom apartment. Offering good transport links into the town centre, Royal Berkshire Hospital and the University. The accommodation consists of entrance hall, lounge /diner, kitchen, good size bedroom and bathroom. The property further benefits from gas central heating and residents parking. No onward chain complications. Details below supplied by vendor - Lease - 158 years remaining Ground rent - Nil  Service charge - £1573.65 pa EPC rating: C. Tenure: Leasehold,

Agent Details

Northwood, Reading

0118 230 6587

Next Steps?

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

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