2 Bed Flat, Single Let, Reading, RG2 9UW, £265,000

Beke Avenue, Shinfield, Reading, Berkshire, RG2 9UW - a month ago

Leasehold
BTL
ROI: 4%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£97.5K - £305K
Sold Prices/m²£2.3K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.9K/m²

Value Estimate

£244,530

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£17,700

Total Cash In

£83,950

 

 

Cash Out

 

Rent Range

£1,380 - £1,750

Rent Estimate

£1,413

Running Costs/mo

£1,131

Cashflow/mo

£282

Cashflow/yr

£3,387

ROI

4%

Gross Yield

6%

Local Sold Prices

36 sold prices from £97.5K to £305K, average is £218.3K. £2.3K/m² to £5.4K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£187.5K01/210.22 mi5a, School Green, Shinfield, Reading, Wokingham RG2 9EE2
£300K09/210.22 mi111, Skylark Way, Shinfield, Reading, Wokingham RG2 9AD2
£270K01/230.24 mi29, Songbird Close, Shinfield, Reading, Wokingham RG2 9AB2
£160K05/210.71 mi345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY2
£220K12/220.71 mi345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY2
£217.5K12/200.86 mi3, Greenwich Road, Shinfield, Reading, Wokingham RG2 9FJ2
£200K03/210.88 mi26, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£219K09/210.88 mi6, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£227.5K06/210.88 mi4, Rossby, Shinfield, Reading, Wokingham RG2 9FS2
£215K06/230.95 miFirst Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£230K12/220.95 miGround Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£212.5K04/210.95 miSecond Floor Flat, 20, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL2
£220K09/210.97 mi44, Perigee, Shinfield, Reading, Wokingham RG2 9FT2
£228K06/230.97 mi19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR2
£97.5K11/221.12 miFlat 16, Southglade, Whitley Wood Road, Reading RG2 8JS2
£270K06/231.35 mi2, Felthorpe Close, Lower Earley, Reading, Wokingham RG6 4AF2
£215K08/211.36 mi10, Fakenham Close, Lower Earley, Reading, Wokingham RG6 4AB2
£225K12/221.45 mi37, Clements Close, Spencers Wood, Reading, Wokingham RG7 1HJ2
£178K09/211.5 mi83, Clements Close, Spencers Wood, Reading, Wokingham RG7 1HH2
£225K03/231.58 mi39, Benham Drive, Spencers Wood, Reading, Wokingham RG7 1FB2
£223K08/231.58 mi53, Benham Drive, Spencers Wood, Reading, Wokingham RG7 1FB2
£210K06/211.63 mi28, Beatty Rise, Spencers Wood, Reading, Wokingham RG7 1FQ2
£175K01/211.72 mi32, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£202K01/211.72 mi48, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£150K10/221.72 mi27, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£130K10/221.73 mi51, Larks Meade, Earley, Reading, Wokingham RG6 5TA2
£191K09/211.79 mi5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU2
£150K09/221.79 mi27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU2
£210K12/221.84 mi38, Emmbrook Court, Reading RG6 5TZ2
£195K12/221.84 mi14, Emmbrook Court, Reading RG6 5TZ2
£220K08/211.84 mi19, Emmbrook Court, Reading RG6 5TZ2
£304.5K09/221.84 mi14, Harlton Close, Lower Earley, Reading, Wokingham RG6 4JH2
£275K12/221.84 mi11, Harlton Close, Lower Earley, Reading, Wokingham RG6 4JH2
£252.5K06/211.86 mi1a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£242K07/231.86 mi14a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£305K12/221.86 mi6, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2

Local Rents

11 rents from £1.4K/mo to £1.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,45006/240 mi-2
£1,70008/240 mi-2
£1,70007/240 miOsbern Court, Shinfield, Reading, RG22
£1,45007/240.02 miOsbern Court, 1 Beke Avenue, Shinfield, Reading, RG22
£1,65007/240.07 miFloyer Grove, Shinfield, Reading, Berkshire, RG2 9UZ2
£1,50009/240.15 miNewburgh Crescent, Shinfield, Reading, Berkshire, RG22
£1,50004/250.19 mi-2
£1,75007/240.21 miLeaf Living at Shinfield Meadows, Venice Road, RG22
£1,38001/240.3 mi-2
£1,45008/240.32 miGloucester Avenue, Shinfield, Berkshire, RG22
£1,40008/240.34 mi-2

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

3.45 miles away

Nearest school

0.20 miles away

Nearest train station

2.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £265,000

March 24, 2025

Floor Plans

Description

  • Spacious ground floor apartment +
  • Two double bedrooms +
  • Bathroom and en suite +
  • Two allocated parking spaces +
  • Popular Shinfield Meadows development +
  • Close to local amenities +
  • Modern and spacious +

We are thrilled to present this beautifully maintained ground floor apartment, offering both style and practicality in equal measure. From the moment you step inside, you’ll be greeted by a sense of space and light. The open-plan living and kitchen area is an impressive feature, boasting double-aspect windows that flood the space with natural light, as well as a private patio area perfect for outdoor relaxation.

The modern kitchen comes fully equipped with built-in appliances, and the generous layout allows for both a dining area and a comfortable living space. The master bedroom is a true highlight, featuring elegantly fitted wardrobes and a spacious en-suite shower room. A further well-appointed second bathroom is conveniently located off the hallway.

Built by renowned developer Bloor Homes in 2019, this exceptional property is situated within the sought-after Shinfield Meadows development. With ample green spaces nearby, including the scenic Langley Mead, you'll have plenty of opportunities to enjoy long walks and outdoor leisure.

Osbern Court is ideally located within walking distance of local amenities, public transport links, and convenient access to M4 junctions 10 and 11. The apartment also comes with the added benefit of two allocated parking spaces.

This is an excellent opportunity for first-time buyers or property investors looking to secure a well-presented home in a desirable location. Service charges and ground rent are approximately £116 per month.

To arrange a viewing, please contact Richard on . Don't miss out on this fantastic opportunity!

Agent Details

David Cliff, Mortimer

0118 230 6658

Next Steps?

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