2 Bed Flat, Single Let, Reading, RG1 4LY £300,000

Kings Road, Reading, Berkshire, RG1 4LY - 8 months ago

Sold STC

Leasehold

BTL

~68 m²

ValuationOvervalued

Sold Prices	£85.5K - £410K
Sold Prices/m²	£1.1K/m² - £5.5K/m²

Square Metres	~67.60 m²
Price/m²	£4.4K/m²
Value Estimate	£260,912£260,912

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£21,200£21,200
Total Cash In	£96,200£96,200

Cash Out
Rent Range	£1,200 - £1,850£1,200 - £1,850
Rent Estimate	£1,200
Running Costs/mo	£1,198£1,198
Cashflow/mo	£3£3
Cashflow/yr	£30£30
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £85.5K to £410K, average is £253K. £1.1K/m² to £5.5K/m², average is £3.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£245K	12/22	0 mi	Flat 15, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£283K	02/23	0 mi	Flat 2, The Pinnacle, Kings Road, Reading RG1 4LY	-	-	2	Flat
£275K	05/23	0.26 mi	78, Kennet Walk, Reading RG1 3GF	£3,125	88	2	Flat
£245K	01/25	0.28 mi	Wrenbury Court, Eldon Road, Reading RG1 4DL	£3,719	66	2	Flat
£410K	02/25	0.3 mi	Blakes Quay, 48, Gas Works Road, Reading RG1 3EN	£4,977	82	2	Flat
£388.1K	01/25	0.3 mi	Blakes Quay, 43, Gas Works Road, Reading RG1 3EN	£4,312	90	2	Flat
£146K	06/21	0.3 mi	6, Robert Parker Road, Reading RG1 3FN	£1,718	85	2	Flat
£288K	03/25	0.33 mi	Flat 35, 6, Oscar Wilde Road, Reading RG1 3FG	£4,056	71	2	Flat
£230K	03/25	0.34 mi	28, Farringdon Court, Reading RG1 5NT	£4,182	55	2	Flat
£85.5K	03/25	0.34 mi	110, The Meridian, Kenavon Drive, Reading RG1 3DP	£1,140	75	2	Flat
£295K	03/25	0.35 mi	Flat 21, 8, Oscar Wilde Road, Reading RG1 3FH	£3,734	79	2	Flat
£330K	06/21	0.38 mi	Flat 22, Q2, Watlington Street, Reading RG1 4AY	£4,352	76	2	Flat
£255K	07/25	0.43 mi	1, Grantley Heights, Kennet Side, Reading RG1 3EG	-	-	2	Flat
£255K	02/23	0.45 mi	1, Haywood Court, Reading RG1 3QF	£3,295	77	2	Flat
£405K	03/25	0.46 mi	10, 47 Queen's Wharf, Queens Road, Reading RG1 4QE	£3,682	110	2	Flat
£247.8K	11/21	0.47 mi	Flat 7, Greys Court, Sidmouth Street, Reading RG1 4PP	-	-	2	Flat
£358K	03/25	0.47 mi	Flat 21, 4, Palmer Street, Reading RG1 3GY	£5,508	65	2	Flat
£285K	01/25	0.48 mi	16, Oaklands, Reading RG1 5RW	£4,914	58	2	Flat
£290K	02/25	0.51 mi	83, Luscinia View, Reading RG1 8AE	£3,973	73	2	Flat
£295K	04/23	0.54 mi	Flat 30, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£270K	07/21	0.54 mi	Flat 18, Kings Oak Court, Queens Road, Reading RG1 4PX	-	-	2	Flat
£117.5K	03/25	0.64 mi	19, 115 Blenheim Court, London Street, Reading RG1 4PH	£2,304	51	2	Flat
£300K	02/25	0.66 mi	55 Stirling House, Flat 6, Silver Street, Reading RG1 2SU	£4,286	70	2	Flat
£230K	09/21	0.67 mi	Flat 2, Sovereign Court, Mount Pleasant Grove, Reading RG1 2TS	-	-	2	Flat
£240K	09/21	0.68 mi	10, Southern Hill, Reading RG1 5ES	£4,706	51	2	Flat
£230K	02/25	0.7 mi	Hieatt Close, 20, Mount Pleasant, Reading RG1 2QH	£3,333	69	2	Flat
£188K	07/23	0.71 mi	Flat 6, Nelson Mews, St Giles Close, Reading RG1 2SF	-	-	2	Flat
£250.1K	12/24	0.75 mi	Morton Court, 5, Christchurch Road, Reading RG2 7BB	£3,848	65	2	Flat
£240K	07/21	0.78 mi	11, Deansgate Road, Reading RG1 2RZ	-	-	2	Flat
£122K	10/24	0.78 mi	Marlborough House, Flat 5, Northcourt Avenue, Reading RG2 7BH	£2,392	51	2	Flat
£130K	02/25	0.78 mi	Marlborough House, Flat 9, Northcourt Avenue, Reading RG2 7BH	£2,453	53	2	Flat
£256.5K	12/24	0.79 mi	Morton Court, 20, Christchurch Road, Reading RG2 7BB	£3,946	65	2	Flat
£322K	10/24	0.8 mi	25, Send Road, Caversham, Reading RG4 8EH	£4,879	66	2	Flat
£261.5K	02/23	0.82 mi	1, Westerham Walk, Reading RG2 0BA	-	-	2	Flat
£223.8K	03/25	0.83 mi	Flat 12, Thames House, Regis Park Road, Reading RG6 7AF	-	-	2	Flat
£223.8K	03/25	0.83 mi	Flat 12, Thames House, Regis Park Road, Reading RG6 7AF	£4,068	55	2	Flat
£230K	12/24	0.84 mi	Kennet House, Flat 9, Regis Park Road, Reading RG6 7AE	£4,423	52	2	Flat
£270.9K	10/22	0.85 mi	100a, Meadow Way, Caversham, Reading RG4 5LY	£4,516	60	2	Flat
£230K	09/21	0.85 mi	124, Meadow Way, Caversham, Reading RG4 5LY	£3,770	61	2	Flat
£220K	06/21	0.85 mi	34, Meadow Way, Caversham, Reading RG4 5LY	£3,860	57	2	Flat
£290K	12/22	0.86 mi	Flat 36, Milward Court, Warwick Road, Reading RG2 7BG	-	-	2	Flat
£200K	06/21	0.88 mi	72, Amersham Road, Caversham, Reading RG4 5NA	£3,333	60	2	Flat
£130K	02/25	0.88 mi	Milward Court, Flat 37, Warwick Road, Reading RG2 7BG	£2,031	64	2	Flat
£245K	07/25	0.89 mi	18b, Coldicutt Street, Caversham, Reading RG4 8DU	-	-	2	Flat
£270K	03/25	0.89 mi	Flat 10, 145, Wokingham Road, Reading RG6 1LW	£4,500	60	2	Flat
£270K	03/25	0.89 mi	Flat 10, 145, Wokingham Road, Reading RG6 1LW	-	-	2	Flat
£253K	06/25	0.89 mi	3, Riverside House, Fobney Street, Reading RG1 6BH	£3,721	68	2	Flat
£253K	06/25	0.89 mi	3, Riverside House, Fobney Street, Reading RG1 6BH	-	-	2	Flat
£270K	07/25	0.9 mi	Flat 13, 145, Wokingham Road, Reading RG6 1LW	-	-	2	Flat
£180K	06/23	0.92 mi	Flat 19, Icon House, Merchants Place, Reading RG1 1EQ	-	-	2	Flat

Local Rents

50 rents from £1.2K/mo to £1.9K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	07/24	0 mi	The Pinnacle, Kings Road, Reading, RG1	2	Flat
£1,450	08/25	0 mi	The Pinnacle, Kings Road, Reading, RG1	2	Flat
£1,200	11/25	0 mi	Kings Road, Reading, RG1	2	Flat
£1,550	09/25	0 mi	The Pinnacle, Kings Road, Reading, Berkshire, RG1	2	Flat
£1,450	07/25	0 mi	The Pinnacle, Kings Road, Reading, Berkshire, RG1	2	Flat
£1,550	07/24	0.01 mi	The Pinnacle, Kings Road, Reading, Berkshire, RG1	2	Flat
£1,400	11/25	0.01 mi	The Pinnacle, Kings Road, Reading, Berkshire, RG1	2	Flat
£1,500	08/25	0.01 mi	The Pinnacle, Kings Road, Reading, Berkshire, RG1	2	Flat
£1,600	11/25	0.01 mi	The Pinnacle, Reading, RG1	2	Flat
£1,550	11/24	0.01 mi	-	2	Flat
£1,375	12/24	0.01 mi	-	2	Flat
£1,600	11/25	0.01 mi	-	2	Flat
£1,700	06/25	0.03 mi	Kings Road, Reading, RG1	2	Flat
£1,800	12/24	0.03 mi	-	2	Flat
£1,700	06/25	0.03 mi	-	2	Flat
£1,700	07/24	0.04 mi	-	2	Flat
£1,700	07/24	0.04 mi	Kings Road, Reading, RG1	2	Flat
£1,800	05/25	0.04 mi	-	2	Flat
£1,750	07/25	0.04 mi	-	2	Flat
£1,800	07/24	0.04 mi	-	2	Flat
£1,800	11/24	0.04 mi	-	2	Flat
£1,400	07/24	0.05 mi	Sovereign Court, Kings Road	2	Flat
£1,800	09/25	0.05 mi	Sovereign Court 318a, Kings Road, Reading	2	Flat
£1,650	07/24	0.05 mi	300 Kings Road, Reading	2	Flat
£1,550	06/25	0.05 mi	300 Kings Road, Reading	2	Flat
£1,675	11/25	0.05 mi	300 Kings Road, Reading	2	Flat
£1,200	07/24	0.06 mi	Prestwick Ct., Muirfield Close, Reading	2	Flat
£1,350	07/24	0.07 mi	Muirfield Close, Reading, RG1 4PQ	2	Flat
£1,550	12/24	0.07 mi	-	2	Flat
£1,450	04/25	0.07 mi	-	2	Flat
£1,550	06/25	0.07 mi	-	2	Flat
£1,200	05/25	0.07 mi	-	2	Flat
£1,550	09/25	0.07 mi	Crossway Point, Norwood Road, Reading, RG1	2	Flat
£1,400	07/24	0.07 mi	-	2	Flat
£1,425	04/25	0.08 mi	-	2	Flat
£1,300	06/25	0.08 mi	-	2	Flat
£1,450	05/25	0.08 mi	Muirfield Close, Reading, RG1	2	Flat
£1,450	08/25	0.08 mi	-	2	Flat
£1,450	11/25	0.09 mi	Gullane Court, Murfield Close, London Road, Reading	2	Flat
£1,850	09/25	0.09 mi	Kings Road, Reading, Berkshire, RG1	2	Flat
£1,795	10/25	0.1 mi	Alexander House, 205 Kings Road, Reading, RG1	2	Flat
£1,500	10/25	0.1 mi	-	2	Terraced House
£1,400	09/25	0.1 mi	-	2	Terraced House
£1,250	06/25	0.1 mi	Muirfield Close, Reading, RG1	2	Flat
£1,495	10/25	0.1 mi	London Road, Reading, RG1	2	Flat
£1,525	01/25	0.11 mi	-	2	Flat
£1,200	07/24	0.12 mi	Kings Road, Reading	2	Flat
£1,450	11/25	0.12 mi	London Road, Reading, Berkshire	2	Flat
£1,250	11/25	0.12 mi	Blenheim Road, Reading	2	Flat
£1,495	07/24	0.12 mi	Kings Road, Reading, RG1	2	Flat

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.90 miles away0.90 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.94 miles away0.94 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £300,000

March 28, 2025

Sold for £270,000

2019

Sold for £210,000

2007

Sold for £215,000

2002

Floor Plans

Description

No onward chain +
Good investment opportunity +
Ensuite to master +
Town centre location +
Balcony +
Gated parking +

Stylish 2-Bedroom Apartment in Prime Location

Situated in the heart of a vibrant neighbourhood, this stunning two bedroom apartment offers the perfect blend of modern elegance and convenience. The property boasts a spacious reception room, two well-appointed bathrooms, and a sleek kitchen with top-of-the-line appliances.

Residents will enjoy the added benefit of secure residents gated parking, ensuring peace of mind and easy access to their vehicle. The apartment is flooded with natural light, creating a warm and inviting atmosphere throughout.

With excellent transport links and a host of amenities just moments away, this property is ideal for those seeking a comfortable and stylish urban lifestyle. Don't miss the opportunity to make this apartment your new home. Contact us today to arrange a viewing and experience the luxury living this property has to offer.

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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