2 Bed Flat, Single Let, Reading, RG1 2SA £240,000

St. Giles Close, Reading, Berkshire, RG1 2SA - 4 views - 8 months ago

Leasehold

BTL

ROI: 5%

~68 m²

ValuationUndervalued

Sold Prices	£85.5K - £410K
Sold Prices/m²	£1.1K/m² - £5.5K/m²

Square Metres	~68.11 m²
Price/m²	£3.5K/m²
Value Estimate	£268,776£268,776
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£60,000£60,000
Stamp Duty & Legal Fees	£15,500£15,500
Total Cash In	£75,500£75,500

Cash Out
Rent Range	£1,100 - £2,600£1,100 - £2,600
Rent Estimate	£1,389
Running Costs/mo	£1,048£1,048
Cashflow/mo	£341£341
Cashflow/yr	£4,094£4,094
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £85.5K to £410K, average is £245K. £1.1K/m² to £5.5K/m², average is £3.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£188K	07/23	0.03 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	2	Flat
£240K	07/21	0.07 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£117.5K	03/25	0.1 mi	19, 115 Blenheim Court, London Street, Reading RG1 4PH	£2,304	51	2	Flat
£300K	02/25	0.16 mi	55 Stirling House, Flat 6, Silver Street, Reading RG1 2SU	£4,286	70	2	Flat
£230K	02/25	0.19 mi	Hieatt Close, 20, Mount Pleasant, Reading RG1 2QH	£3,333	69	2	Flat
£253K	06/25	0.2 mi	3, Riverside House, Fobney Street, Reading RG1 6BH	£3,721	68	2	Flat
£253K	06/25	0.2 mi	3, Riverside House, Fobney Street, Reading RG1 6BH	-	-	2	Flat
£200K	03/25	0.23 mi	5, Fobney Street, Reading RG1 6BY	£4,762	42	2	Flat
£230K	09/21	0.24 mi	Flat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS	-	-	2	Flat
£295K	04/23	0.25 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	0.25 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£265K	09/21	0.26 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£300K	06/21	0.26 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£247.8K	11/21	0.27 mi	Flat 7, Greys Court, Sidmouth Street, Reading RG1 4PP	-	-	2	Flat
£190K	05/25	0.28 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	£3,585	53	2	Flat
£190K	05/25	0.28 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	-	-	2	Flat
£170K	01/23	0.32 mi	Flat 48, Lynden Mews, Dale Road, Reading RG2 0AT	-	-	2	Flat
£368K	03/25	0.32 mi	5 9 Riverside View, Flat 67, Berkeley Avenue, Reading RG1 6FH	£4,973	74	2	Flat
£101.4K	02/23	0.33 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£405K	03/25	0.33 mi	10, 47 Queen's Wharf, Queens Road, Reading RG1 4QE	£3,682	110	2	Flat
£261.5K	02/23	0.36 mi	1, Westerham Walk, Reading RG2 0BA	-	-	2	Flat
£255K	07/25	0.37 mi	1, Grantley Heights, Kennet Side, Reading RG1 3EG	-	-	2	Flat
£220K	06/21	0.39 mi	47, Tippett Rise, Reading RG2 0DJ	£3,056	72	2	Flat
£330K	06/21	0.4 mi	Flat 22, Q2, Watlington Street, Reading RG1 4AY	£4,352	76	2	Flat
£195K	03/23	0.4 mi	104, Tippett Rise, Reading RG2 0DZ	£2,786	70	2	Flat
£210K	07/25	0.45 mi	75, Admirals Court, Reading RG1 6SS	-	-	2	Flat
£245K	01/25	0.45 mi	Wrenbury Court, Eldon Road, Reading RG1 4DL	£3,719	66	2	Flat
£220K	06/25	0.47 mi	183a, Elgar Road, Reading RG2 0DH	-	-	2	Flat
£220K	06/25	0.47 mi	183a, Elgar Road, Reading RG2 0DH	£3,188	69	2	Flat
£225K	07/25	0.48 mi	Flat 3, 23, Coley Hill, Reading RG1 6AE	-	-	2	Flat
£180K	06/23	0.49 mi	Flat 19, Icon House, Merchants Place, Reading RG1 1EQ	-	-	2	Flat
£358K	03/25	0.53 mi	Flat 21, 4, Palmer Street, Reading RG1 3GY	£5,508	65	2	Flat
£410K	02/25	0.54 mi	Blakes Quay, 48, Gas Works Road, Reading RG1 3EN	£4,977	82	2	Flat
£388.1K	01/25	0.54 mi	Blakes Quay, 43, Gas Works Road, Reading RG1 3EN	£4,312	90	2	Flat
£310K	05/25	0.56 mi	Flat 501, 20 Honister, Alfred Street, Reading RG1 7AH	£4,844	64	2	Flat
£310K	05/25	0.56 mi	Flat 501, 20 Honister, Alfred Street, Reading RG1 7AH	-	-	2	Flat
£85.5K	03/25	0.57 mi	110, The Meridian, Kenavon Drive, Reading RG1 3DP	£1,140	75	2	Flat
£237.5K	03/25	0.6 mi	9, Phoenix Place, Waylen Street, Reading RG1 7UH	-	-	2	Flat
£226.3K	03/25	0.64 mi	15, Berkeley Court, Coley Avenue, Reading RG1 6LH	£3,969	57	2	Flat
£215K	04/23	0.66 mi	23, Stratheden Place, Reading RG1 7BH	£3,839	56	2	Flat
£275K	05/23	0.66 mi	78, Kennet Walk, Reading RG1 3GF	£3,125	88	2	Flat
£288K	03/25	0.7 mi	Flat 35, 6, Oscar Wilde Road, Reading RG1 3FG	£4,056	71	2	Flat
£240K	09/21	0.7 mi	10, Southern Hill, Reading RG1 5ES	£4,706	51	2	Flat
£295K	03/25	0.71 mi	Flat 21, 8, Oscar Wilde Road, Reading RG1 3FH	£3,734	79	2	Flat
£250.1K	12/24	0.71 mi	Morton Court, 5, Christchurch Road, Reading RG2 7BB	£3,848	65	2	Flat
£290K	12/22	0.71 mi	Flat 36, Milward Court, Warwick Road, Reading RG2 7BG	-	-	2	Flat
£130K	02/25	0.73 mi	Milward Court, Flat 37, Warwick Road, Reading RG2 7BG	£2,031	64	2	Flat
£245K	12/22	0.73 mi	Flat 15, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£283K	02/23	0.73 mi	Flat 2, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£146K	06/21	0.73 mi	6, Robert Parker Road, Reading RG1 3FN	£1,718	85	2	Flat

Local Rents

49 rents from £1.1K/mo to £2.6K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	07/25	0.02 mi	St. Giles Close, Reading, RG1	2	Flat
£1,500	07/25	0.02 mi	-	2	Flat
£1,100	11/25	0.03 mi	Crown Street, Reading, Berkshire, RG1	2	Flat
£1,200	10/25	0.03 mi	Crown Street, Reading, Berkshire, RG1	2	Flat
£1,650	06/25	0.04 mi	Alder House, St. Giles Close, Reading, Berkshire, RG1	2	Flat
£1,450	10/24	0.04 mi	-	2	Flat
£1,450	07/24	0.04 mi	Crown Street, Reading	2	Flat
£1,450	07/24	0.05 mi	Crown Street, Reading	2	Flat
£1,495	08/24	0.05 mi	Crown Street, Reading	2	Flat
£1,495	09/24	0.05 mi	Crown Street, Reading	2	Flat
£1,650	09/24	0.05 mi	-	2	Flat
£1,540	05/25	0.05 mi	-	2	Flat
£1,450	10/23	0.05 mi	Church Street, Reading, Berkshire, RG1	2	Terraced House
£1,495	08/24	0.05 mi	Iliffe Close, Reading, RG1	2	Flat
£1,495	10/24	0.05 mi	-	2	Flat
£1,350	08/25	0.05 mi	Indigo Apartments, Reading, Berkshire, RG1	2	Flat
£1,400	11/25	0.05 mi	Compass House, South Street, Reading, Berkshire, RG1	2	Flat
£1,350	07/25	0.06 mi	Crown Street, Reading, Berkshire, RG1	2	Flat
£1,675	07/24	0.06 mi	London Street, Reading, RG1	2	Flat
£1,875	11/24	0.06 mi	London Street, Reading, RG1	2	Flat
£1,350	07/24	0.06 mi	London Street, Reading	2	Flat
£1,300	10/25	0.06 mi	London Street, Reading	2	Flat
£1,900	08/24	0.06 mi	London Street, Reading, Berkshire, RG1	2	Flat
£1,600	08/24	0.06 mi	118 London Street	2	Flat
£2,600	07/24	0.07 mi	-	2	Flat
£1,950	07/24	0.07 mi	-	2	Flat
£2,200	11/24	0.07 mi	-	2	Flat
£1,950	07/24	0.07 mi	Southampton Street, Reading, RG1	2	Flat
£1,400	02/25	0.08 mi	-	2	Flat
£1,250	09/25	0.08 mi	-	2	Flat
£1,250	07/24	0.08 mi	Blenheim Court, London Street	2	Flat
£1,995	07/24	0.08 mi	London Street, Reading, Berkshire, RG1	2	Flat
£2,400	07/24	0.08 mi	-	2	Flat
£1,700	10/25	0.08 mi	Blenheim Court, Reading	2	Flat
£1,650	06/25	0.08 mi	London Street, Reading, Berkshire, RG1	2	Flat
£1,650	06/25	0.08 mi	London Street, Reading, Berkshire, RG1	2	Flat
£1,650	06/25	0.08 mi	London Street, Reading, Berkshire, RG1	2	Flat
£1,325	09/25	0.08 mi	Blenheim Court, 115 London Street, Reading, Berkshire, RG1	2	Flat
£1,500	07/24	0.08 mi	-	2	Flat
£1,800	06/25	0.08 mi	Silver Street, Reading, Berkshire, RG1	2	Flat
£1,400	06/25	0.09 mi	South Street, Reading, RG1	2	Flat
£1,450	09/25	0.09 mi	Quadrant Court, Central Reading, RG1	2	Flat
£1,750	08/24	0.09 mi	Silver Street, Reading	2	Flat
£1,600	11/25	0.09 mi	Silver Street, Reading, Berkshire, RG1	2	Flat
£1,650	11/25	0.09 mi	Sterling Square, Silver Street, Reading, RG1	2	Flat
£1,550	10/25	0.1 mi	Central Reading, Reading, RG1	2	Flat
£1,600	06/25	0.1 mi	Central Reading, Reading, RG1	2	Flat
£1,550	10/25	0.1 mi	Central Reading, Reading, RG1	2	Flat
£1,300	09/24	0.1 mi	-	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.22 miles away0.22 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.58 miles away0.58 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+9%+9%

Property History

Price changed to £240,000

May 15, 2025

Listed for £260,000

March 19, 2025

Floor Plans

Description

Two Bedrooms +
No Onward Chain +
First Floor Flat +
Residents Permit Parking +
Town Centre Location +
Well-Presented Throughout +

Offered to the market with no onward chain is this well-presented two bedroom apartment. Located within a short walk from the Oracle shopping centre and Reading mainline station, this apartment is ideal for first time buyers and investment buyers alike.

The property offers spacious accommodation comprising: entrance hallway, two bedrooms, bathroom, kitchen and a good-sized lounge/diner.

The property also benefits from no ground rent and residents parking. 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 £0 p/a
Service charge £1,017 p/a
97 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 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

2 Bed Flat, Single Let, Reading, RG1 2BX

£250,000

6 months ago • 68 m²

Sold STC

2 Bed Flat, Single Let, Reading, RG1 4SJ

£325,000

2 months ago • 68 m²

2 Bed Flat, Single Let, Reading, RG1 4SJ

£350,000

8 months ago • 73 m²

2 Bed Flat, Single Let, Reading, RG1 2SR

£325,000

15 days ago • 68 m²

2 Bed Flat, Single Let, Reading, RG1 2SA £240,000

ValuationUndervalued

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?

Similar Properties

2 Bed Flat, Single Let, Reading, RG1 2BX

2 Bed Flat, Single Let, Reading, RG1 4SJ

2 Bed Flat, Single Let, Reading, RG1 4SJ

2 Bed Flat, Single Let, Reading, RG1 2SR

Cashflows

Local Sold Prices

Local Rents