Bankside Gardens, Reading, RG2
£400,000
Property Snapshot
- Flat
- 664 sq ft
- 2 Bedrooms
- 2 Bathroom
- 24/7 Concierge
- 6.4% rental yield
Tenure - Leasehold
Overview
The Exchange is a 4 minute walk to Watford Junction station, only 14 minutes by train to London Euston, and close to London Heathrow and London Luton airports.
Part of the wider £1.6 billion regeneration plan by Watford Borough Council.
Watford is in the Top 1% of UK towns to live and results yields of up to 6% according to Foxtons, 2024.
The town location is in the midst of a process of urban transformation, with young professionals and more affluent residents moving from central London into the neighborhood.
Financial snapshot
- Costs
Your initial investment is the estimated amount of capital you’ll need to purchase the property.
£126,968
The estimated deposit is how much roughly we expect you'll need as a deposit to buy this property. This is based on affordability checks that most lenders would would run based on the purchase price, rental income and estimated monthly management costs. If you're buying in cash - the estimated deposit will be the same as the purchase price.
£100,000
Purchase fees
£45,930
- Returns
Your total return by 2034
£362,868
The rate at which the value of your investment grows each year over the period of your investment. This takes into account your initial investment, rental growth and capital growth.
The estimated average percentage increase of your property's rent over the course of your investment. After the 5th year, we've capped this at a maximum of 4% per year.
5.5%
The estimated average percentage increase in your property's value over the course of your investment. After the 5th year, we've capped this at a maximum of 4% per year.
5%
The amount of monthly rent you can expect from this property.
£2,100
The gross yearly rental income, as a percentage of the property's purchase price.
6.2%
Indicative returns are based on historic data – please note past performance is not necessarily indicative of future results and actual returns may differ materially from the returns indicated here
Area Highlights
Property values in Watford have increased 15.8% in 5 years
Property Snapshot
- Flat
- 623 sq ft
- 2 Bedrooms
- 1 Bathroom
- 24/7 Concierge
- 6.2% rental yield
Tenure - Leasehold
Overview
We’re spotlighting an exciting opportunity in Reading, a city experiencing strong upward growth and attracting investors looking for stability and long-term returns.
Investment Opportunity: Reading has made a strong upward move, climbing six places in the latest Colliers’ ranking to become the 5th best city for property investment in the UK! With a booming start-up scene and 2.5% annual GDP growth, Reading continues to be a top choice for smart investors.
