2 Bed Flat, Single Let, Reading, RG2 0GX, £210,000

Merrick House, Whale Avenue, Reading, RG2 0GX - 17 days ago

Leasehold

BTL

ROI: 6%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£97.5K - £305K
Sold Prices/m²	£1.9K/m² - £5.4K/m²

Square Metres	~68.11 m²
Price/m²	£3.1K/m²
Value Estimate	£240,999£240,999
BMV	15%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£52,500£52,500
Stamp Duty & Legal Fees	£13,400£13,400
Total Cash In	£65,900£65,900

Cash Out
Rent Range	£1,200 - £3,989£1,200 - £3,989
Rent Estimate	£1,250
Running Costs/mo	£926£926
Cashflow/mo	£324£324
Cashflow/yr	£3,885£3,885
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £97.5K to £305K, average is £219.5K. £1.9K/m² to £5.4K/m², average is £3.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£250K	03/23	0.07 mi	Flat 10, Lundy House, Drake Way, Reading RG2 0GQ	-	-	2	Flat
£172.5K	07/21	0.1 mi	Flat 48, Thorney House, Drake Way, Reading RG2 0GZ	-	-	2	Flat
£210K	02/21	0.86 mi	16, Burdett Court, Reading RG2 7HY	£3,621	58	2	Flat
£205K	02/23	0.86 mi	14, Burdett Court, Reading RG2 7HY	£3,920	52	2	Flat
£100K	06/21	0.89 mi	90, Windermere Road, Reading RG2 7HR	£1,887	53	2	Flat
£155K	06/21	0.91 mi	48, Windermere Road, Reading RG2 7HP	£3,049	51	2	Flat
£285K	01/21	0.93 mi	3, The Brookmill, Reading RG1 6DD	£5,377	53	2	Flat
£195K	03/23	0.98 mi	104, Tippett Rise, Reading RG2 0DZ	£2,786	70	2	Flat
£200K	11/20	0.98 mi	Top Floor Flat, 183a, Elgar Road, Reading RG2 0DH	-	-	2	Flat
£290K	12/22	1 mi	Flat 36, Milward Court, Warwick Road, Reading RG2 7BG	-	-	2	Flat
£220K	06/21	1 mi	47, Tippett Rise, Reading RG2 0DJ	£3,056	72	2	Flat
£97.5K	11/22	1.07 mi	Flat 16, Southglade, Whitley Wood Road, Reading RG2 8JS	-	-	2	Flat
£170K	01/23	1.07 mi	Flat 48, Lynden Mews, Dale Road, Reading RG2 0AT	-	-	2	Flat
£261.5K	02/23	1.07 mi	1, Westerham Walk, Reading RG2 0BA	-	-	2	Flat
£189.9K	05/21	1.15 mi	Flat 6, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£225K	04/21	1.15 mi	Flat 9, Charnwood House, Rembrandt Way, Reading RG1 6QR	-	-	2	Flat
£168K	06/21	1.15 mi	Flat 1, Radnor House, Rembrandt Way, Reading RG1 6QP	-	-	2	Flat
£208K	03/21	1.2 mi	4, St Pauls Court, Reading RG1 6HF	£3,782	55	2	Flat
£240K	09/21	1.2 mi	10, Southern Hill, Reading RG1 5ES	£4,706	51	2	Flat
£255K	11/20	1.2 mi	32, Southern Hill, Reading RG1 5ES	£4,165	61	2	Flat
£230K	09/21	1.25 mi	Flat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS	-	-	2	Flat
£145K	11/20	1.29 mi	4, Katesgrove Lane, Reading RG1 2ND	£2,042	71	2	Flat
£210K	12/22	1.31 mi	38, Emmbrook Court, Reading RG6 5TZ	£3,538	59	2	Flat
£195K	12/22	1.31 mi	14, Emmbrook Court, Reading RG6 5TZ	-	-	2	Flat
£220K	08/21	1.31 mi	19, Emmbrook Court, Reading RG6 5TZ	£4,000	55	2	Flat
£252.5K	06/21	1.36 mi	1a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	-	-	2	Flat
£242K	07/23	1.36 mi	14a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	-	-	2	Flat
£215K	06/23	1.36 mi	First Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£230K	12/22	1.36 mi	Ground Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£305K	12/22	1.36 mi	6, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	£5,147	59	2	Flat
£212.5K	04/21	1.36 mi	Second Floor Flat, 20, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£188K	07/23	1.38 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	2	Flat
£228K	06/23	1.39 mi	19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR	£3,462	66	2	Flat
£300K	06/21	1.4 mi	Flat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS	-	-	2	Flat
£191K	09/21	1.4 mi	5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	£3,183	60	2	Flat
£150K	09/22	1.4 mi	27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	-	-	2	Flat
£160K	05/21	1.42 mi	345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY	£2,888	55	2	Flat
£220K	12/22	1.42 mi	345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY	£3,971	55	2	Flat
£220K	09/21	1.42 mi	44, Perigee, Shinfield, Reading, Wokingham RG2 9FT	-	-	2	Flat
£240K	07/21	1.42 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£101.4K	02/23	1.45 mi	23, Talbot Court, Reading RG1 6QH	£2,157	47	2	Flat
£217.5K	12/20	1.45 mi	3, Greenwich Road, Shinfield, Reading, Wokingham RG2 9FJ	£3,346	65	2	Flat
£265K	09/21	1.45 mi	34, Swan Place, Reading RG1 6QD	£4,103	65	2	Flat
£200K	03/21	1.46 mi	26, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,846	52	2	Flat
£219K	09/21	1.46 mi	6, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,590	61	2	Flat
£227.5K	06/21	1.46 mi	4, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,482	65	2	Flat
£229K	01/21	1.48 mi	29 Compass House, South Street, Reading RG1 4GQ	£3,053	75	2	Flat
£247.8K	11/21	1.53 mi	Flat 7, Greys Court, Sidmouth Street, Reading RG1 4PP	-	-	2	Flat
£295K	04/23	1.61 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	1.61 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat

Local Rents

49 rents from £1.2K/mo to £4K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	07/24	0.01 mi	Merrick House, Kennet Island	2	Flat
£1,200	07/24	0.01 mi	Kennet Island, Reading	2	Flat
£1,450	07/24	0.01 mi	Whale Avenue, Reading, Berkshire, RG2	2	Flat
£1,350	02/24	0.01 mi	-	2	Flat
£1,600	09/24	0.03 mi	Kennett Island, Reading	2	Terraced House
£1,500	09/24	0.03 mi	Havergate Way, Kennet Island	2	Terraced House
£3,989	10/24	0.03 mi	-	2	Flat
£3,599	12/24	0.03 mi	-	2	Flat
£1,250	03/25	0.03 mi	-	2	Flat
£1,400	07/24	0.03 mi	Heron House, Rushley Way, Reading, Berkshire, RG2	2	Flat
£1,500	08/24	0.03 mi	Cygnet House, Drake Way, RG2	2	Flat
£1,550	07/24	0.03 mi	Gweal Avenue, Reading, Berkshire, RG2	2	Flat
£1,300	08/24	0.04 mi	Havergate Way, Reading, RG2	2	Flat
£1,400	07/24	0.04 mi	Havergate Way, Reading, RG2	2	Flat
£1,400	07/24	0.04 mi	-	2	Flat
£1,450	04/25	0.04 mi	-	2	Flat
£1,250	07/24	0.04 mi	Tean House, Kennet Island	2	Flat
£1,250	07/24	0.04 mi	Tean House, Havergate Way	2	Flat
£1,400	07/24	0.04 mi	Tean House, Kennet Island.	2	Flat
£1,500	09/24	0.04 mi	Havergate Way, Reading	2	Flat
£1,350	08/24	0.04 mi	Tean House, Kennet Island	2	Flat
£1,350	09/24	0.04 mi	Tean House, Kennet Island	2	Flat
£1,525	07/24	0.04 mi	Cygnet House, Drake Way, Reading, RG2	2	Flat
£1,650	09/24	0.04 mi	Lindisfarne Way, Reading, RG2	2	Terraced House
£1,450	02/25	0.06 mi	-	2	Flat
£1,450	07/24	0.07 mi	Drake Way, Reading	2	Flat
£1,600	07/24	0.07 mi	Puffin Way, Reading, RG2	2	Semi-Detached House
£1,550	09/24	0.07 mi	Puffin Way, Reading, RG2	2	Semi-Detached House
£1,650	07/24	0.07 mi	Drake Way, Reading, RG2	2	Flat
£1,600	09/24	0.07 mi	-	2	Flat
£1,500	10/24	0.07 mi	-	2	Flat
£1,500	10/24	0.07 mi	-	2	Flat
£1,450	07/24	0.07 mi	Cygnet House, Drake Way, Reading, RG2	2	Flat
£1,400	10/24	0.09 mi	-	2	Flat
£1,350	08/24	0.09 mi	Drake Way, Reading, Berkshire, RG2	2	Flat
£1,450	08/24	0.09 mi	Cygnet House, Drake Way, Reading, RG2	2	Flat
£1,650	08/24	0.09 mi	Havergate Way, Kennet Island, RG2	2	Semi-Detached House
£1,600	03/25	0.09 mi	-	2	Flat
£1,500	07/24	0.1 mi	Drake Way, Reading, Berkshire, RG2	2	Flat
£1,700	02/24	0.1 mi	-	2	Flat
£1,450	07/24	0.1 mi	Thorney House, Drake Way, Reading, Berkshire, RG2	2	Flat
£1,425	04/25	0.1 mi	-	2	Flat
£1,550	07/24	0.1 mi	Heron House, Kennet Island	2	Flat
£1,450	10/23	0.1 mi	Thorney House, Drake Way, Reading, Berkshire, RG2	2	Flat
£1,600	09/24	0.11 mi	Cygnet House, Kennet Island	2	Flat
£1,550	07/24	0.11 mi	Heron House, Rushley Way, Reading, Berkshire, RG2	2	Flat
£1,500	08/24	0.11 mi	-	2	Flat
£1,600	03/25	0.11 mi	-	2	Flat
£1,550	07/24	0.11 mi	Drake Way, Reading, RG2	2	Flat

Local Area Statistics

Population in RG2	36,86636,866
Population in Reading	321,187321,187
Town centre distance	1.48 miles away1.48 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.16 miles away1.16 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-3%-3%

Property History

Listed for £210,000

March 25, 2025

Floor Plans

Description

2 Bedrooms +
Allocated parking +
No onward chain +
Modern kitchen +
Open plan kitchen/living room +

Introducing this stunning 2-bedroom apartment located in a prime residential area, offering a perfect blend of style and functionality. This modern property boasts a spacious living area, a fully-fitted kitchen with high-end appliances, and two well-appointed bedrooms with ample storage space. The apartment is presented in immaculate condition, providing a comfortable and cosy living environment. Its convenient location offers easy access to local amenities, schools, and transport links, making it an ideal choice for professionals and small families. This well-maintained property is perfect for those seeking a modern and affordable home in a desirable neighbourhood. Don't miss this opportunity to make this apartment your own and experience the ultimate in contemporary urban living. Contact us now to arrange a viewing and secure your dream home.

Agent Details

Romans, Reading

0118 230 5271

Next Steps?

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

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