2 Bed Flat, Single Let, Reading, RG4 6LF, £250,000

Ruskin, Henley Road, Caversham, Reading, RG4 6LF - 1 views - 23 days ago

Leasehold
BTL
ROI: 4%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£146K - £367.5K
Sold Prices/m²£1.7K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£279,742
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Total Cash In

£78,700

 

 

Cash Out

 

Rent Range

£1,200 - £3,000

Rent Estimate

£1,296

Running Costs/mo

£1,060

Cashflow/mo

£236

Cashflow/yr

£2,827

ROI

4%

Gross Yield

6%

Local Sold Prices

30 sold prices from £146K to £367.5K, average is £255K. £1.7K/m² to £5.7K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£240K06/210.14 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.14 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.14 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.14 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.14 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£185K12/200.19 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£200K06/210.29 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.29 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£270.9K10/220.31 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.31 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.31 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£367.5K02/210.43 mi6, George Close, Caversham, Reading RG4 5EW2
£255K03/210.55 mi35, Field View, Caversham, Reading RG4 5HD2
£350K02/210.65 mi19, Lomond Avenue, Caversham, Reading RG4 6PL2
£265K10/220.65 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£227.5K09/210.68 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.68 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.68 mi14, Waller Court, Caversham, Reading RG4 6DB2
£230K05/210.69 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£250K10/220.73 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£262.5K09/210.83 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.83 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£295K02/230.86 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£330K01/230.86 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£250K06/210.87 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.87 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£146K06/210.89 mi6, Robert Parker Road, Reading RG1 3FN2
£285K06/230.95 mi12, Emmer Green Court, Caversham, Reading RG4 6NQ2
£335K12/220.97 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£275K05/230.97 mi78, Kennet Walk, Reading RG1 3GF2

Local Rents

27 rents from £1.2K/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,25007/240.06 miRuskin, Henley Road, Reading, Berkshire, RG42
£1,59012/240.26 mi-2
£1,65007/240.3 mi-2
£1,30012/240.31 miMeadow Way, Caversham2
£1,30012/240.31 miMeadow Way, Caversham2
£1,30012/240.31 miMeadow Way, Caversham, Reading, Berkshire, RG42
£3,00012/240.31 mi-2
£1,50012/240.32 miStar Road, Caversham, Reading2
£1,50012/240.32 mi-2
£1,65012/240.33 mi-2
£1,55001/250.33 mi-2
£1,20007/240.35 miPipers Gate, Star Road, Caversham, Reading, RG42
£1,25012/240.35 miPipers Gate, Star Road, Caversham, Reading, RG42
£1,60012/240.37 miDickens Close, Caversham, Reading2
£1,69904/250.39 mi-2
£1,35012/240.43 miWillow Court2
£1,35012/240.43 miBriants Avenue, Caversham, Reading2
£1,50007/240.44 miGeorge Close, Grosvenor Road, Caversham2
£1,39507/240.48 miMilestone View Court 2
£1,70012/240.51 mi-2
£1,70012/240.51 miSend Road, Caversham, Reading2
£1,45012/240.55 miArdler Road, Caversham2
£1,65002/240.56 mi-2
£1,40012/240.58 miFry Court, 11A Derby Road, Caversham, Reading, RG42
£1,30012/240.59 mi-2
£1,35012/240.59 miKings Road, Caversham, Reading2
£1,29512/240.6 miDerby Road, Caversham2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.52 miles away

Nearest school

0.30 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £250,000

March 25, 2025

Floor Plans

Description

  • Ground Floor +
  • Two Double Bedrooms +
  • Allocated Parking +
  • Modern Family Bathroom +
  • Communal Gardens +
  • Secure Entry System +

Offered to the market in immaculate condition is this two double bedroom ground floor apartment situated within a popular residential development. The accommodation comprises; spacious entrance hall, open planned lounge/diner/kitchen, two double bedrooms and a modern family bathroom. Further benefits include plenty of storage space throughout the apartment, secure entry system, allocated parking with visitor bays and a communal garden. Located within 1.7 miles from Reading town centre which provides the mainline railway station with its fast links into London, within moments from local bus routes servicing the surrounding areas and a short walk from the ever popular Caversham Lakes. This would make the ideal first time purchase or investment and viewing is highly 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 £2,270.64 p/a
79 years remaining on the lease

The above information may be subject to change during the transaction period.

Agent Details

Parkers, Caversham

0118 230 0603

Next Steps?

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