2 Bed Flat, Single Let, Reading, RG4 8RY, £325,000

Merston House, Buckingham Drive, Emmer Green, Reading, RG4 8RY - 21 days ago

Sold STC
Leasehold
BTL
~68 m²

ValuationOvervalued

Sold Prices£171K - £585K
Sold Prices/m²£2.6K/m² - £8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£300,950

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Rent Range

£1,295 - £2,850

Rent Estimate

£1,297

Running Costs/mo

£1,295

Cashflow/mo

£2

Cashflow/yr

£24

ROI

0%

Gross Yield

5%

Local Sold Prices

45 sold prices from £171K to £585K, average is £265K. £2.6K/m² to £8K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£285K06/230.33 mi12, Emmer Green Court, Caversham, Reading RG4 6NQ2
£171K10/220.34 mi7, Unity Court, Emmer Green, Reading RG4 8LQ2
£367.5K02/210.36 mi6, George Close, Caversham, Reading RG4 5EW2
£255K03/210.4 mi35, Field View, Caversham, Reading RG4 5HD2
£422.5K11/210.45 mi18, Lyefield Court, Emmer Green, Reading RG4 8AP2
£420K02/230.45 mi7, Lyefield Court, Emmer Green, Reading RG4 8AP2
£480K01/230.45 mi14, Lyefield Court, Emmer Green, Reading RG4 8AP2
£229.9K01/210.46 mi187, Hemdean Road, Caversham, Reading RG4 7QX2
£250K06/210.46 miFlat 5, Beech Court, Balmore Park, Caversham, Reading RG4 8PY2
£265K05/210.46 miFlat 3, Larch Court, Balmore Park, Caversham, Reading RG4 8PY2
£227.5K09/210.59 mi2, Waller Court, Caversham, Reading RG4 6DB2
£260K02/210.59 mi28, Waller Court, Caversham, Reading RG4 6DB2
£230K03/210.59 mi14, Waller Court, Caversham, Reading RG4 6DB2
£250K12/200.65 mi63, Sheridan Avenue, Caversham, Reading RG4 7QB2
£350K02/210.68 mi19, Lomond Avenue, Caversham, Reading RG4 6PL2
£240K06/210.71 mi6, Luscombe Close, Caversham, Reading RG4 5LG2
£245K03/210.71 mi24, Luscombe Close, Caversham, Reading RG4 5LG2
£255K12/200.71 mi10, Luscombe Close, Caversham, Reading RG4 5LG2
£187.2K03/210.71 mi23, Luscombe Close, Caversham, Reading RG4 5LG2
£286K03/230.71 mi8, Luscombe Close, Caversham, Reading RG4 5LG2
£230K05/210.79 mi168, Gosbrook Road, Caversham, Reading RG4 8BJ2
£250K10/220.8 mi94, Gosbrook Road, Caversham, Reading RG4 8BJ2
£265K10/220.82 mi140, Gosbrook Road, Caversham, Reading RG4 8BJ2
£185K12/200.87 mi1, Alston Walk, Caversham, Reading RG4 5DD2
£335K12/220.89 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£350K10/220.89 mi57, Abbotsmead Place, Caversham, Reading RG4 8BB2
£395K10/200.89 mi37, Abbotsmead Place, Caversham, Reading RG4 8BB2
£269K06/210.89 mi4, Abbotsmead Place, Caversham, Reading RG4 8BB2
£277K03/210.89 mi2, Abbotsmead Place, Caversham, Reading RG4 8BB2
£295K03/210.89 mi20, Abbotsmead Place, Caversham, Reading RG4 8BB2
£330K04/230.89 mi45, Abbotsmead Place, Caversham, Reading RG4 8BB2
£340K02/230.91 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£262.5K09/210.91 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£265K03/210.91 mi71, Elliots Way, Caversham, Reading RG4 8BW2
£200K06/210.92 mi72, Amersham Road, Caversham, Reading RG4 5NA2
£245K02/210.92 mi84, Amersham Road, Caversham, Reading RG4 5NA2
£295K02/230.92 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£330K01/230.92 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£490K05/210.93 miFlat 5, Treetops, The Mount, Caversham, Reading RG4 7RE2
£485K06/210.93 miFlat 10, Treetops, The Mount, Caversham, Reading RG4 7RE2
£585K03/230.93 miFlat 9, Treetops, The Mount, Caversham, Reading RG4 7RE2
£270.9K10/220.96 mi100a, Meadow Way, Caversham, Reading RG4 5LY2
£230K09/210.96 mi124, Meadow Way, Caversham, Reading RG4 5LY2
£220K06/210.96 mi34, Meadow Way, Caversham, Reading RG4 5LY2
£243.5K12/201 miFlat 4, Warren House Court, St Peters Avenue, Caversham, Reading RG4 7RG2

Local Rents

12 rents from £1.3K/mo to £2.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£2,85012/240.33 miEmmer Green Court, Reading, Berkshire2
£1,30007/240.33 miLowfield Road2
£1,60002/240.34 mi-2
£1,50007/240.35 miGeorge Close, Grosvenor Road, Caversham2
£1,30004/250.35 mi-2
£1,50011/240.37 mi-2
£1,40012/240.38 miFry Court, 11A Derby Road, Caversham, Reading, RG42
£1,65002/240.42 mi-2
£1,29512/240.42 miDerby Road, Caversham2
£1,29507/240.45 miAsh Court, Balmore Park, Reading2
£1,40004/250.46 mi-2
£1,65003/250.56 mi-2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.79 miles away

Nearest school

0.10 miles away

Nearest train station

1.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £325,000

March 27, 2025

Floor Plans

Description

  • Penthouse apartment +
  • Far reaching views +
  • Two bathrooms +
  • Residents parking +
  • Juliette balcony +

SOLD PRIOR TO MARKETING. A second floor well presented penthouse with far reaching views and only a five minute drive to Caversham centre and within at 12 minute walk of Emmer Green Primary School. Benefits from residents parking & Juliette balcony

COMMUNAL ENTRANCE HALL
Entry phone system, staircase to top floor, personal front door through to
ENTRANCE LOBBY
Entry phone system, built-in cupboard, door to
LIVING/DINING ROOM 16'10 (5.13m) x 13'2 (4.01m)
Dual aspect windows, French doors to Juliette balcony with far-reaching views, laminate flooring
KITCHEN 13'4 (4.06m) x 6'11 (2.11m)
Front aspect window, stainless steel sink unit with cupboard under, range of both floor standing and wall mounted eye level units, built-in gas hob with extractor hood above and electric oven below, further integrated appliances including washer/dryer, dishwasher and fridge/freezer, tiled floor
BEDROOM ONE 14'2 (4.32m) x 10'8 (3.25m)
Dual aspect room with far-reaching views, range of built-in wardrobes, door to
EN SUITE SHOWER ROOM
Shower cubicle, w.c., sink set in vanity unit, heated towel rail, tiled floor
BEDROOM TWO 13'0 (3.96m) x 8'8 (2.64m)
Side aspect window, range of fitted wardrobes stretching the length of the room
BATHROOM
Fitted to comprise bath with electric shower over, w.c., pedestal wash hand basin, heated towel rail, tiled floor
TENURE
Leasehold
RESIDENTS PARKING
Allocated parking space
COUNCIL TAX
Band C

Agent Details

Farmer & Dyer, Caversham

0118 230 0637

Next Steps?

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