2 Bed Flat, Single Let, Reading, RG1 7AZ £350,000

Chatham Place, Hayward Chatham Place, RG1 7AZ - 2 years ago
Sold STC
Leasehold
BTL
ROI: 1%
~102 m²
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ValuationUndervalued

Sold Prices£101.4K - £405K
Sold Prices/m²£2.2K/m² - £5.7K/m²

 

 

Square Metres

~102.20 m²
Price/m²£3.4K/m²

Value Estimate

£420,824
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£26,200

Total Cash In

£113,700

 

 

Cash Out

 

Rent Range

£1,500 - £2,100

Rent Estimate

£1,550

Running Costs/mo

£1,424

Cashflow/mo

£126

Cashflow/yr

£1,515

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £101.4K to £405K, average is £257.5K. £2.2K/m² to £5.7K/m², average is £4.1K/m².

Price
Date
Distance
Address
Beds
 
£310K05/250.02 miFlat 501, 20 Honister, Alfred Street, Reading RG1 7AH2
£310K05/250.02 miFlat 501, 20 Honister, Alfred Street, Reading RG1 7AH2
£215K04/230.08 mi23, Stratheden Place, Reading RG1 7BH2
£237.5K03/250.11 mi9, Phoenix Place, Waylen Street, Reading RG1 7UH2
£215K10/210.22 mi29, Bedford Road, Reading RG1 7EU2
£210K03/250.22 mi179a, Great Knollys Street, Reading RG1 7HP2
£180K06/230.3 miFlat 19, Icon House, Merchants Place, Reading RG1 1EQ2
£101.4K02/230.31 mi23, Talbot Court, Reading RG1 6QH2
£265K09/210.34 mi34, Swan Place, Reading RG1 6QD2
£200K03/250.36 mi5, Fobney Street, Reading RG1 6BY2
£300K06/210.38 miFlat 10, Simmonds Malthouse, Fobney Street, Reading RG1 6BS2
£253K06/250.38 mi3, Riverside House, Fobney Street, Reading RG1 6BH2
£253K06/250.38 mi3, Riverside House, Fobney Street, Reading RG1 6BH2
£225K07/250.38 miFlat 3, 23, Coley Hill, Reading RG1 6AE2
£226.3K03/250.43 mi15, Berkeley Court, Coley Avenue, Reading RG1 6LH2
£265K05/250.51 mi10, Brownlow Lodge, Brownlow Road, Reading RG1 6NR2
£265K05/250.51 mi10, Brownlow Lodge, Brownlow Road, Reading RG1 6NR2
£240K07/210.51 mi11, Deansgate Road, Reading RG1 2RZ2
£190K05/250.53 mi41, Capital Point, Temple Place, Reading RG1 6QJ2
£190K05/250.53 mi41, Capital Point, Temple Place, Reading RG1 6QJ2
£295K01/250.57 miRegents Riverside, Flat 8, Brigham Road, Reading RG1 8QS2
£363K06/230.57 miFlat 57, Regents Riverside, Brigham Road, Reading RG1 8QS2
£260K07/250.58 mi20, Caversham Wharf, Waterman Place, Reading RG1 8DS2
£188K07/230.61 miFlat 6, Nelson Mews, St Giles Close, Reading RG1 2SF2
£317.5K03/250.62 miFlat 29, Upcross House, Upcross Gardens, Reading RG1 6PN2
£240K03/250.63 mi3, Baron Court, Reading RG30 2BP2
£368K03/250.64 mi5 9 Riverside View, Flat 67, Berkeley Avenue, Reading RG1 6FH2
£295K04/230.65 miFlat 30, Kings Oak Court, Queens Road, Reading RG1 4PX2
£270K07/210.65 miFlat 18, Kings Oak Court, Queens Road, Reading RG1 4PX2
£117.5K03/250.65 mi19, 115 Blenheim Court, London Street, Reading RG1 4PH2
£210K07/250.65 mi75, Admirals Court, Reading RG1 6SS2
£235K03/250.67 mi12, Cox Hollow, Southcote Road, Reading RG30 2LA2
£237K04/250.68 mi31, Petworth Court, Reading RG1 6PH2
£237K04/250.68 mi31, Petworth Court, Reading RG1 6PH2
£405K03/250.72 mi10, 47 Queen's Wharf, Queens Road, Reading RG1 4QE2
£330K01/230.73 mi86, Elliots Way, Caversham, Reading RG4 8BF2
£295K02/230.73 mi74, Elliots Way, Caversham, Reading RG4 8BF2
£300K02/250.74 mi55 Stirling House, Flat 6, Silver Street, Reading RG1 2SU2
£299K12/240.74 mi23, Abbotsmead Place, Caversham, Reading RG4 8BB2
£307.5K03/250.74 mi31, Abbotsmead Place, Caversham, Reading RG4 8BB2
£307.5K03/250.74 mi31, Abbotsmead Place, Caversham, Reading RG4 8BB2
£255K07/250.74 mi1, Grantley Heights, Kennet Side, Reading RG1 3EG2
£213K02/250.75 miAshdown House, Flat 3, Battle Square, Reading RG30 1AX2
£170K01/230.75 miFlat 48, Lynden Mews, Dale Road, Reading RG2 0AT2
£340K02/230.75 mi11, Abbotsmead Place, Caversham, Reading RG4 8BB2
£262.5K09/210.75 mi91, Elliots Way, Caversham, Reading RG4 8BW2
£335K12/220.76 mi9, Abbotsmead Place, Caversham, Reading RG4 8BB2
£230K02/250.76 miHieatt Close, 20, Mount Pleasant, Reading RG1 2QH2
£310K12/240.76 mi3, Flat 15, Nightingale Way, Reading RG30 1FA2
£358K03/250.77 miFlat 21, 4, Palmer Street, Reading RG1 3GY2

Local Rents

49 rents from £1.5K/mo to £2.1K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,70007/250 miHewitt, 40 Alfred Street, Reading, RG12
£1,70006/250 miHewitt, 40 Alfred Street, Reading, RG12
£1,70010/250 miHewitt, 40 Alfred Street, Reading, RG12
£1,60007/240 miChatham Place, Hayward, Chatham Place, Reading, Berkshire, RG1 7AZ2
£1,75008/250 miHayward, Chatham Place, Reading, Berkshire, RG12
£1,55011/250 miHayward, Chatham Place, Reading, RG12
£1,70007/240 miHayward, Chatham Place, Reading, RG12
£1,75005/250 miHayward, Chatham Place, Reading, RG12
£1,69508/240.01 miHunsaker, Alfred Street, Reading, RG12
£1,75007/240.01 miHonister, 20 Alfred Street, Reading, RG12
£1,70008/240.01 miHonister, 20 Alfred Street, Reading, RG12
£1,65005/250.01 miHonister, 20 Alfred Street, Reading, RG12
£1,79508/250.01 miHonister, 20 Alfred Street, Reading, RG12
£1,65007/240.02 miHalcyon, Chatham Place, Reading, RG12
£1,60011/250.02 miHonister, Alfred Street, Reading, RG12
£1,60010/250.02 miHermitage, Reading, RG12
£1,65011/250.02 mi-2
£2,00009/240.02 mi-2
£2,00007/240.02 mi-2
£2,00010/240.02 mi-2
£1,99503/250.02 mi-2
£2,00007/240.02 miHunsaker, Reading, RG12
£1,65007/240.02 miHunsaker, Alfred Street2
£1,55008/250.02 miHalcyon, Chatham Place, Reading, RG12
£1,60008/240.02 miHunsaker, Alfred Street, Reading, RG12
£2,10008/250.02 miHalcyon, Chatham Place, Reading, Berkshire, RG12
£1,55011/250.02 miHayward, Chatham Place, Reading, RG12
£1,72504/250.02 mi-2
£1,72507/250.02 mi-2
£1,70008/250.02 miHewitt, 40 Alfred Street, Reading, Berkshire, RG12
£1,67511/240.02 mi-2
£1,70007/240.02 miChatham Street, Hermitage, RG12
£1,75005/250.02 miAlfred Street, Chatham Place, RG12
£1,70007/250.02 miAlfred Street, Reading, RG12
£1,50011/250.02 miChatham Street, Reading, RG12
£1,90010/250.02 miHunsaker Street, Alfred Street2
£1,55005/250.02 miHunsaker, Reading, RG12
£1,55005/250.02 mi-2
£1,60003/250.02 mi-2
£1,79505/250.02 mi-2
£1,75007/250.02 miHonister, 20 Alfred Street, Reading, Berkshire, RG12
£1,75009/240.02 miAlfred Street, Reading, RG12
£1,70009/240.02 miHalcyon, Chatham Place, Reading, RG12
£1,99507/240.02 mi-2
£1,79504/250.02 mi-2
£1,75007/250.02 mi-2
£1,85011/250.02 mi-2
£1,65007/240.02 miHewitt, Chatham Place2
£1,55007/250.02 miAlfred Street, Reading, Berkshire, RG12

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+9%

Property History

Listed for £350,000

May 14, 2024

Floor Plans

Property image

Description

  • 6th Floor Apartment With Southerly Aspect Balcony +
  • Easy Walk To Station, Town Centre & The Oracle +
  • 25' x 21' Living Room With Elevate Views +
  • Secure Under Croft Allocated Parking +
  • Luxurious En-Suite & Main Bathroom +
  • Modern Kitchen With Integrated Appliances +
  • Close to 1,000 SQ Ft of Well Presented Accommodation +
  • Concierge Service +
  • Desirable Chatham Place Setting +

A stunning opportunity to acquire a sophisticated two-bedroom apartment located on the desirable 6th floor of the prestigious Chatham Place development. This luxurious residence offers an unparallelled lifestyle with a focus on comfort, convenience, and urban sophistication.

Upon entering, the grand foyer leads grants access to all aparments as well as the secure under croft allocated parking. As you enter the apartment you into a generously proportioned 25' x 21' living room, boasting elevated views that create a captivating backdrop for your daily life. Large windows flood the space with natural light, creating an inviting ambience throughout.

The modern kitchen is a culinary delight, equipped with top-of-the-line integrated appliances and ample storage space for all your cooking essentials. The open-plan layout seamlessly connects the living and dining areas, ideal for entertaining guests or relaxing in style.

The master bedroom features a luxurious en-suite bathroom, providing a private sanctuary for residents to unwind and rejuvenate. The second bedroom offers flexibility for guests, a home office, or a quiet retreat for relaxation. Both bedrooms are generously sized, providing ample space and comfort for residents.

Conveniently located within walking distance to the train station, town centre, and The Oracle shopping centre, this property offers the ultimate in urban convenience. Commuting to London from Reading is a breeze, with both the Elizabeth Line to Bond Street, Liverpool Street and Canary Wharf, or a direct train taking you to Paddington in approximately 25 minutes.

Residents of Chatham Place benefit from a communal garden as well as secure under croft allocated parking, ensuring peace of mind and convenience for those with vehicles. The concierge service adds an extra layer of luxury, providing assistance with every-day tasks and enhancing the overall living experience.

With close to 1,000 sq ft of well-presented accommodation, this apartment epitomises modern city living at its finest. The communal gardens offer a tranquil escape from the hustle and bustle of city life, providing residents with a serene outdoor space to relax and unwind.

Don't miss this exclusive opportunity to own a premium property in the heart of Chatham Place. Book your private viewing today and experience luxury living at its best.
EPC Rating: B

Agent Details

Bespoke Estate Agents, Reading

0118 230 0610

Next Steps?

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