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St. Michaels Court, Ruscombe, Reading

South East

£199,000
Listed on 12/10/2025

Property Details

Bedrooms
1
Type
Flat
Area
420 sqft

Description

This ground-floor apartment in St. Michaels Court, Ruscombe, presents a noteworthy opportunity for those looking to invest or enter the property market. Built in the 1990s, this one-bedroom flat offers a spacious layout that is ripe for modernization, making it an attractive proposition for DIY enthusiasts or investors seeking potential rental income. The living area is generously sized and filled with natural light, providing a blank canvas where future owners can create a comfortable living space suited to their tastes. The kitchen includes ample storage options and workspace, allowing for easy customization to enhance functionality. One of the key features of this unit is the balcony, which extends the living area outdoors. This private space is ideal for enjoying fresh air and could be transformed into a charming retreat with some thoughtful landscaping or decor. The bedroom is also notably spacious and includes fitted cupboards that maximize storage while offering an inviting atmosphere for rest. Residents benefit from dedicated parking facilities, ensuring convenience in this well-located community. Additionally, the property sits just two-thirds of a mile from local amenities and the railway station on the Elizabeth line, providing excellent transport links to surrounding areas. With no onward chain and a share of freehold combined with an extended lease until 3021, this property not only offers immediate comfort but also holds significant renovation potential. The reasonable service charge and absence of ground rent add to its appeal as a sound investment choice in a desirable neighborhood.

Investment Analysis

(RG10 area)

Below Market Value

This property is priced -9.6% below area average per sq ft

-9.6%
Potential saving
This Property
£474/sq ft
Area Average
£524/sq ft
Avg Rent (weekly)
£375
Avg Yield
2.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£242,250
10% above area average per sq ft
Potential ROI
+13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (RG10)

Area prices are rising by +5.2% over the last 12 months
3 year growth: -4.0%
5 year growth: 4.5%
Investment Disclaimer: Analysis based on RG10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

St. Michaels Court, Ruscombe, Reading
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£729
Based on a loan of £149,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE