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

+4 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£244,530

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£66,250£66,250
Stamp Duty & Legal Fees	£17,700£17,700
Total Cash In	£83,950£83,950

Cash Out
Rent Range	£1,380 - £1,750£1,380 - £1,750
Rent Estimate	£1,413
Running Costs/mo	£1,131£1,131
Cashflow/mo	£282£282
Cashflow/yr	£3,387£3,387
ROI	4%4%
Gross Yield	6%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£300K	09/21	0.21 mi	111, Skylark Way, Shinfield, Reading, Wokingham RG2 9AD	£3,896	77	2	Flat
£187.5K	01/21	0.22 mi	5a, School Green, Shinfield, Reading, Wokingham RG2 9EE	£3,676	51	2	Flat
£270K	01/23	0.23 mi	29, Songbird Close, Shinfield, Reading, Wokingham RG2 9AB	£3,214	84	2	Flat
£160K	05/21	0.7 mi	345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY	£2,888	55	2	Flat
£220K	12/22	0.7 mi	345a, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY	£3,971	55	2	Flat
£217.5K	12/20	0.86 mi	3, Greenwich Road, Shinfield, Reading, Wokingham RG2 9FJ	£3,346	65	2	Flat
£200K	03/21	0.88 mi	26, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,846	52	2	Flat
£219K	09/21	0.88 mi	6, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,590	61	2	Flat
£227.5K	06/21	0.88 mi	4, Rossby, Shinfield, Reading, Wokingham RG2 9FS	£3,482	65	2	Flat
£215K	06/23	0.94 mi	First Floor Flat, 14, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£230K	12/22	0.94 mi	Ground Floor Flat, 5, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£212.5K	04/21	0.94 mi	Second Floor Flat, 20, Cirrus Drive, Shinfield, Reading, Wokingham RG2 9FL	-	-	2	Flat
£220K	09/21	0.96 mi	44, Perigee, Shinfield, Reading, Wokingham RG2 9FT	-	-	2	Flat
£228K	06/23	0.96 mi	19, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR	£3,462	66	2	Flat
£97.5K	11/22	1.11 mi	Flat 16, Southglade, Whitley Wood Road, Reading RG2 8JS	-	-	2	Flat
£270K	06/23	1.34 mi	2, Felthorpe Close, Lower Earley, Reading, Wokingham RG6 4AF	-	-	2	Flat
£215K	08/21	1.35 mi	10, Fakenham Close, Lower Earley, Reading, Wokingham RG6 4AB	£3,644	59	2	Flat
£225K	12/22	1.45 mi	37, Clements Close, Spencers Wood, Reading, Wokingham RG7 1HJ	£2,922	77	2	Flat
£178K	09/21	1.5 mi	83, Clements Close, Spencers Wood, Reading, Wokingham RG7 1HH	£2,289	78	2	Flat
£225K	03/23	1.58 mi	39, Benham Drive, Spencers Wood, Reading, Wokingham RG7 1FB	£3,829	59	2	Flat
£223K	08/23	1.58 mi	53, Benham Drive, Spencers Wood, Reading, Wokingham RG7 1FB	£3,780	59	2	Flat
£210K	06/21	1.64 mi	28, Beatty Rise, Spencers Wood, Reading, Wokingham RG7 1FQ	£3,231	65	2	Flat
£175K	01/21	1.72 mi	32, Larks Meade, Earley, Reading, Wokingham RG6 5TA	£3,182	55	2	Flat
£202K	01/21	1.72 mi	48, Larks Meade, Earley, Reading, Wokingham RG6 5TA	£3,673	55	2	Flat
£150K	10/22	1.72 mi	27, Larks Meade, Earley, Reading, Wokingham RG6 5TA	-	-	2	Flat
£130K	10/22	1.72 mi	51, Larks Meade, Earley, Reading, Wokingham RG6 5TA	-	-	2	Flat
£191K	09/21	1.78 mi	5, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	£3,183	60	2	Flat
£150K	09/22	1.78 mi	27, Langdale Gardens, Earley, Reading, Wokingham RG6 5TU	-	-	2	Flat
£210K	12/22	1.83 mi	38, Emmbrook Court, Reading RG6 5TZ	£3,538	59	2	Flat
£195K	12/22	1.83 mi	14, Emmbrook Court, Reading RG6 5TZ	-	-	2	Flat
£220K	08/21	1.83 mi	19, Emmbrook Court, Reading RG6 5TZ	£4,000	55	2	Flat
£304.5K	09/22	1.84 mi	14, Harlton Close, Lower Earley, Reading, Wokingham RG6 4JH	£5,438	56	2	Flat
£275K	12/22	1.84 mi	11, Harlton Close, Lower Earley, Reading, Wokingham RG6 4JH	-	-	2	Flat
£252.5K	06/21	1.85 mi	1a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	-	-	2	Flat
£242K	07/23	1.85 mi	14a, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	-	-	2	Flat
£305K	12/22	1.86 mi	6, Flaxman Close, Earley, Reading, Wokingham RG6 5TH	£5,147	59	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,450	06/24	0.01 mi	-	2	Flat
£1,700	08/24	0.01 mi	-	2	Flat
£1,700	07/24	0.01 mi	Osbern Court, Shinfield, Reading, RG2	2	Flat
£1,450	07/24	0.02 mi	Osbern Court, 1 Beke Avenue, Shinfield, Reading, RG2	2	Flat
£1,650	07/24	0.08 mi	Floyer Grove, Shinfield, Reading, Berkshire, RG2 9UZ	2	Semi-Detached House
£1,500	09/24	0.16 mi	Newburgh Crescent, Shinfield, Reading, Berkshire, RG2	2	Detached House
£1,500	04/25	0.18 mi	-	2	Semi-Detached House
£1,750	07/24	0.21 mi	Leaf Living at Shinfield Meadows, Venice Road, RG2	2	Terraced House
£1,380	01/24	0.29 mi	-	2	Semi-Detached House
£1,450	08/24	0.31 mi	Gloucester Avenue, Shinfield, Berkshire, RG2	2	Flat
£1,400	08/24	0.33 mi	-	2	Bungalow

Local Area Statistics

Population in RG2	36,86636,866
Population in Reading	321,187321,187
Town centre distance	3.44 miles away3.44 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.68 miles away2.68 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 £265,000

March 26, 2025

Floor Plans

Description

2 Double Bedrooms +
2 Bathrooms +
Living/dining Room +
Open plan Fitted Kitchen +
2 Parking Spaces +
Closed Chain Above +
Well Presented +
Balcony +

A well presented 2 double bedroom Ground Floor apartment with 2 bathrooms, 2 allocated parking spaces and balcony/Patio

Located just meters from Shinfield village centre the property provides easy access to the local shops, schools and amenities, Reading Town Centre is approximatley 3 miles away and the M4 Motorway is also within easy reach.

The property has full accommodation comprising: Entrance Hall, Lounge/Dining Room; Open Plan Fitted Kitchen; 2 Double bedrooms; En Suite Shower Room; Bathroom; 2 Allocated Parking.

up to £2,000 towards the buyer’s legal fees subject to terms and conditions

These particulars are a general guide only. They do not form part of any contract. Services, systems and appliances have not been tested. Potential buyers are advised that any fees shown may be subject to change during the transaction process.

Agent Details

Parkers Estate Agents, Spencers Wood

0118 230 8735

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.