2 Bed Flat, Single Let, Reading, RG1 6QY £200,000

Sherwood House, Reading, RG1 6QY - 8 months ago

Leasehold

BTL

ROI: 6%

~57 m²

ValuationUndervalued

Sold Prices	£101.4K - £368K
Sold Prices/m²	£2.2K/m² - £5.1K/m²

Square Metres	~56.67 m²
Price/m²	£3.5K/m²
Value Estimate	£206,073£206,073
BMV	3%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£62,700£62,700

Cash Out
Rent Range	£900 - £2,950£900 - £2,950
Rent Estimate	£1,228
Running Costs/mo	£891£891
Cashflow/mo	£337£337
Cashflow/yr	£4,049£4,049
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £101.4K to £368K, average is £235.5K. £2.2K/m² to £5.1K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£168K	06/21	0.02 mi	Flat 1, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£317.5K	03/25	0.24 mi	Flat 29, Upcross House, Upcross Gardens, Reading RG1 6PN	£4,349	73	2	Flat
£237K	04/25	0.32 mi	31, Petworth Court, Reading RG1 6PH	£3,203	74	2	Flat
£237K	04/25	0.32 mi	31, Petworth Court, Reading RG1 6PH	-	-	2	Flat
£212K	04/25	0.41 mi	26, Armadale Court, Reading RG30 2DF	£3,655	58	2	Flat
£212K	04/25	0.41 mi	26, Armadale Court, Reading RG30 2DF	-	-	2	Flat
£226.3K	03/25	0.43 mi	15, Berkeley Court, Coley Avenue, Reading RG1 6LH	£3,969	57	2	Flat
£240K	11/24	0.43 mi	Wisdom Court, 5, Southcote Road, Reading RG30 2AG	£3,636	66	2	Flat
£210K	08/25	0.44 mi	8, Armadale Court, Reading RG30 2DF	-	-	2	Flat
£217.5K	03/25	0.44 mi	50, Armadale Court, Reading RG30 2DF	£3,063	71	2	Flat
£217.5K	03/25	0.44 mi	50, Armadale Court, Reading RG30 2DF	-	-	2	Flat
£265K	05/25	0.45 mi	10, Brownlow Lodge, Brownlow Road, Reading RG1 6NR	-	-	2	Flat
£265K	05/25	0.45 mi	10, Brownlow Lodge, Brownlow Road, Reading RG1 6NR	£4,274	62	2	Flat
£236K	05/25	0.45 mi	Flat 3, 15 Pineridge Gardens, Westcote Road, Reading RG30 2DL	-	-	2	Flat
£240K	01/25	0.45 mi	15 Pineridge Gardens, Flat 6, Westcote Road, Reading RG30 2DL	£4,286	56	2	Flat
£236K	05/25	0.45 mi	Flat 3, 15 Pineridge Gardens, Westcote Road, Reading RG30 2DL	£4,370	54	2	Flat
£260K	04/25	0.46 mi	Flat 8, 3, Ruhemann Street, Reading RG30 3FH	£3,824	68	2	Flat
£260K	04/25	0.46 mi	Flat 8, 3, Ruhemann Street, Reading RG30 3FH	-	-	2	Flat
£235K	03/25	0.48 mi	12, Cox Hollow, Southcote Road, Reading RG30 2LA	£2,807	84	2	Flat
£305K	11/24	0.52 mi	19, Artillery Mews, Reading RG30 2JN	£3,961	77	2	Flat
£300K	02/25	0.53 mi	6, Artillery Mews, Reading RG30 2JN	£5,085	59	2	Flat
£238K	11/24	0.53 mi	18, Ashdene Gardens, Reading RG30 2EP	£3,552	67	2	Flat
£225K	07/25	0.54 mi	Flat 3, 23, Coley Hill, Reading RG1 6AE	-	-	2	Flat
£260K	02/25	0.54 mi	87, Ashdene Gardens, Reading RG30 2EP	£4,407	59	2	Flat
£260K	02/25	0.54 mi	87, Ashdene Gardens, Reading RG30 2EP	£4,407	59	2	Flat
£240K	03/23	0.54 mi	11, Ashdene Gardens, Reading RG30 2EP	£3,601	67	2	Flat
£245K	04/23	0.54 mi	77, Ashdene Gardens, Reading RG30 2EP	£3,889	63	2	Flat
£238K	07/21	0.54 mi	20, Ashdene Gardens, Reading RG30 2EP	£3,306	72	2	Flat
£260K	02/23	0.54 mi	7, Ashdene Gardens, Reading RG30 2EP	£4,382	59	2	Flat
£240K	03/25	0.55 mi	3, Baron Court, Reading RG30 2BP	£3,750	64	2	Flat
£210K	07/25	0.55 mi	75, Admirals Court, Reading RG1 6SS	-	-	2	Flat
£207K	03/23	0.57 mi	19, Bexley Court, Reading RG30 2DY	£3,234	64	2	Flat
£145K	01/25	0.59 mi	20, Bexley Court, Reading RG30 2DY	£2,339	62	2	Flat
£170K	07/25	0.61 mi	32, Bexley Court, Reading RG30 2DY	-	-	2	Flat
£233.5K	12/24	0.63 mi	West Fryerne, Flat 36, Parkside Road, Reading RG30 2BY	£3,592	65	2	Flat
£227K	03/25	0.63 mi	Flat 24, West Fryerne, Parkside Road, Reading RG30 2BY	£3,492	65	2	Flat
£215K	07/23	0.64 mi	Flat 23, West Fryerne, Parkside Road, Reading RG30 2BY	-	-	2	Flat
£175K	11/22	0.64 mi	Flat 41, West Fryerne, Parkside Road, Reading RG30 2BY	-	-	2	Flat
£230K	05/25	0.65 mi	Flat 8, West Fryerne, Parkside Road, Reading RG30 2BY	£3,594	64	2	Flat
£230K	05/25	0.65 mi	Flat 8, 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
£368K	03/25	0.68 mi	5 9 Riverside View, Flat 67, Berkeley Avenue, Reading RG1 6FH	£4,973	74	2	Flat
£190K	05/25	0.69 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	£3,585	53	2	Flat
£190K	05/25	0.69 mi	41, Capital Point, Temple Place, Reading RG1 6QJ	-	-	2	Flat
£101.4K	02/23	0.73 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£237.5K	03/25	0.75 mi	9, Phoenix Place, Waylen Street, Reading RG1 7UH	-	-	2	Flat
£215K	10/21	0.75 mi	29, Bedford Road, Reading RG1 7EU	£3,468	62	2	Flat
£227.5K	02/25	0.75 mi	55, Elm Park, Reading RG30 2HT	£3,730	61	2	Flat
£300K	06/21	0.76 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£220K	06/25	0.76 mi	183a, Elgar Road, Reading RG2 0DH	£3,188	69	2	Flat

Local Rents

49 rents from £900/mo to £3K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,950	07/24	0 mi	-	2	Flat
£1,450	08/24	0 mi	-	2	Flat
£2,950	07/24	0 mi	Sherwood House, Reading, RG1	2	Flat
£1,450	07/24	0 mi	Sherwood House, Reading, RG1	2	Flat
£1,350	05/25	0.03 mi	-	2	Flat
£1,295	06/25	0.03 mi	Rembrandt Way, Reading, Berkshire, RG1	2	Flat
£1,275	08/24	0.05 mi	Charnwood House, Rembrandt Way, Reading, RG1	2	Flat
£1,250	06/25	0.06 mi	Rembrandt Way, Reading, Reading, RG1	2	Flat
£1,500	07/24	0.06 mi	Coley Avenue, Reading	2	Flat
£1,295	07/24	0.08 mi	Charnwood House, Rembrandt Way, Reading	2	Flat
£1,350	07/24	0.09 mi	Charnwood House, Rembrandt Way, RG1	2	Flat
£1,300	08/24	0.09 mi	Charnwood House, Rembrandt Way, RG1	2	Flat
£1,400	07/24	0.15 mi	Swallow Croft, Reading	2	Terraced House
£1,400	08/25	0.15 mi	Swallow Croft, Reading	2	Terraced House
£1,150	07/24	0.18 mi	Swallows Croft, Reading, Berkshire, RG1	2	Flat
£1,400	08/25	0.19 mi	Upcross House, Upcross Gardens, Reading, RG1	2	Flat
£1,650	10/25	0.2 mi	Benyon Mews, Bath Road, RG1	2	Terraced House
£1,795	06/25	0.23 mi	Upcross Gardens, Reading, RG1	2	Flat
£1,750	06/25	0.23 mi	-	2	Flat
£1,350	11/25	0.23 mi	Valerie Court, Bath Road, Reading, RG1	2	Flat
£1,650	10/25	0.23 mi	Upcross Gardens, Reading, RG1	2	Flat
£1,500	08/24	0.23 mi	Bath Road, Reading, RG1	2	Flat
£1,500	09/25	0.23 mi	Bath Road, Reading, RG1	2	Flat
£1,300	06/25	0.23 mi	Bath Road, Reading, Reading, RG1	2	Flat
£1,275	08/25	0.23 mi	Bath Road, Reading, RG1	2	Flat
£1,800	09/24	0.23 mi	The Brookmill, Reading, RG1	2	Semi-Detached House
£1,350	07/24	0.23 mi	Bath Road, Reading, Berkshire, RG1	2	Flat
£1,500	11/25	0.23 mi	Bath Road, Reading, Berkshire, RG1	2	Flat
£1,450	06/25	0.24 mi	Upcross House, Upcross Gardens, Berkeley Avenue, Reading, RG1	2	Flat
£1,450	11/25	0.24 mi	Upcross House, Upcross Gardens, Berkeley Avenue, Reading, RG1	2	Flat
£1,800	10/25	0.24 mi	Upcross Gardens, Reading, Berkshire, RG1	2	Flat
£1,395	06/25	0.24 mi	Upcross House	2	Flat
£1,350	09/25	0.24 mi	Nightingale House, 36 Coley Avenue, Reading, Berkshire, RG1	2	Flat
£1,795	06/25	0.24 mi	Upcross House, Upcross Gardens, Reading, Berkshire, RG1	2	Flat
£1,495	11/25	0.25 mi	Upcross House, Upcross Gardens, Reading, Berkshire, RG1	2	Flat
£1,895	10/23	0.25 mi	Upcross House, Upcross Gardens, Reading, Berkshire, RG1	2	Flat
£1,250	11/25	0.26 mi	Belgravia Court, Bath Road, Reading, RG30	2	Flat
£1,450	03/25	0.26 mi	-	2	Flat
£900	08/25	0.27 mi	Bath Road, Reading, Berkshire	2	Flat
£1,500	11/25	0.28 mi	Bath Road, Reading, Berkshire, RG1	2	Flat
£1,600	08/24	0.28 mi	Bath Road, Reading, Berkshire, RG1	2	House
£1,395	11/25	0.28 mi	Caroline Court, Bath Road, Reading, RG1	2	Flat
£1,400	08/24	0.28 mi	Bath Road, Reading	2	Flat
£1,500	08/25	0.28 mi	Caroline Court, Bath Road, Reading, RG1	2	Flat
£1,400	08/24	0.29 mi	-	2	Flat
£1,400	09/25	0.29 mi	-	2	Flat
£1,400	09/25	0.29 mi	Caroline Court, Reading, RG1	2	Flat
£1,200	11/25	0.29 mi	Bath Road, Reading, Berkshire, RG1	2	Flat
£1,200	10/25	0.29 mi	Caroline Court, Bath Road, Reading, Berkshire, RG1	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.86 miles away0.86 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.67 miles away0.67 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 £200,000

May 15, 2025

Listed for £210,000

March 24, 2025

Floor Plans

Description

Two Double Bedrooms +
Well Presented Throughout +
Kitchen With Appliances +
Family Bathroom +
Communal Gardens +
Convenient Location +

Lansley - The first floor apartment is offered for sale, in our opinion, in excellent decorative order throughout with internal accommodation comprising two double bedrooms, kitchen/diner with integrated appliances, living room and three piece family bathroom. Externally is an allocated parking space and communal gardens. The property is conveniently located close local schools, shops, bus routes and approximately a mile from Reading town centre making this an excellent first time or investment purchase.

Agent Details

AH Lansley Residential, Reading

0118 230 2652

Next Steps?

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

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CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

Local Rents