Romans says ..
A studio flat located in Reading close to the town centre, providing good access to Royal Berkshire Hospital, Reading University, Reading station and the M4 J11. Ideal for letting investment with estimated rental income of £800PCM gross yield 12.8% PAX. Cash buyers only.
Property Oracle says ..
This studio flat is located on London Road in Reading, Berkshire. While the location benefits from proximity to Reading train station (1.92 KM) and several schools, including Red Balloon Learner Centre (0.27 KM) and Reading School (0.41 KM), the property itself presents some challenges. The images reveal a property that is in need of some modernisation and updating. The bathroom, in particular, shows signs of wear and tear. While there is a small garden area, its size is not specified. The list price of £75,000 is significantly lower than the average property price in the area (£399,565), and the average price per sqft (£452.00) is not applicable given the lack of sqft information for this property. However, considering the condition and size, the price may reflect the necessary renovations.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 7
- Land
- 3
- Bedrooms
- 0
- Bathrooms
- 1
- Sqft (est)
- 188.00
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Metrics Year-on-Year
- Average area value
- 429,375.00 £Increased by 2.76 %
- Est sale value
- 124,080.00 £Increased by 67.94 %
- Average area rental value
- 1,283.00 £/moIncreased by 0.16 %
- Est letting value
- 188.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 3.59 %Decreased by 2.45 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Romans marked this listing as sold.
Romans created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Red Balloon Learner Centre Reading | Other Independent School | 0.27 KM | |
| Reading School | Academy Converter | 0.41 KM | |
| St John'S Church Of England Primary School | Academy Converter | Requires improvement | 0.45 KM |
| East Reading Children'S Centre | Children's Centre | 0.59 KM | |
| The Abbey School Reading | Other Independent School | 0.78 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Queens Road | £ 287,000 | 0 | 0.00 KM |
| Villa Mews | £ 0 | 0 | 0.00 KM |
| London Road | £ 0 | 0 | 0.00 KM |
| King's Road | £ 0 | 0 | 0.00 KM |
| Joseph Huntley Walk | £ 375,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Reading | 3149 | RDG | 1.92 KM |
| Reading West | 3160 | RDW | 3.79 KM |
| Earley | 5694 | EAR | 4.37 KM |
| Winnersh Triangle | 5698 | WTI | 7.34 KM |
| Tilehurst | 3154 | TLH | 8.45 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| London Road, Reading, Berkshire | £ 75,000 | BUY | 5 / 10 | 0.00 KM |
| Foley Hall, London Road, Reading, Berkshire, RG1 | £ 92,000 | BUY | 5 / 10 | 0.01 KM |
| London Road, Reading, RG1 | £ 190,000 | BUY | 6 / 10 | 0.01 KM |
| London Road, Reading, Berkshire | £ 165,000 | BUY | 7 / 10 | 0.02 KM |
| University / Hospital Area, Berkshire, RG1 | £ 280,000 | BUY | 6 / 10 | 0.06 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 70 London Road | £ 418,000 | 0.00 KM |
| 87 London Road | £ 190,000 | 0.11 KM |
| 89 London Road | £ 230,000 | 0.11 KM |
| 15 Erleigh Road | £ 688,500 | 0.12 KM |
| 11 Erleigh Road | £ 650,000 | 0.12 KM |