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St. Michaels Court, Ruscombe, Reading RG10

South East

£205,000
Listed on 25/09/2025

Property Details

Bedrooms
1
Type
Flat
Area
420 sqft

Description

This ground floor apartment in St. Michaels Court, Ruscombe, offers a unique opportunity for those looking to add value through renovation or investment. Built in the 1990s, this one-bedroom flat combines well-proportioned living spaces with the potential for personalized enhancements. The living area is generously sized and flooded with natural light, creating a welcoming atmosphere that can be easily adapted to suit individual tastes. The kitchen features ample storage and workspace, presenting a solid foundation for updates that could transform it into a modern culinary hub. A notable feature of this property is the private balcony, which expands the living space outdoors, providing an ideal setting for relaxation or entertaining. The spacious bedroom includes fitted cupboards, offering both comfort and functionality—a blank canvas ready for refreshing design ideas. Residents benefit from on-site parking facilities, an important asset in this sought-after area. Conveniently located just over half a mile from the village and local railway station—part of the Elizabeth line—this apartment ensures easy access to essential amenities and transport links, enhancing its allure for both residents and potential renters. With no onward chain, this property presents an attractive opportunity for first-time buyers or investors looking to capitalize on its renovation potential. The share of freehold comes with a 999-year lease established in 2021, minimal service charges of £960 per annum, and no ground rent fees further contribute to its appeal. This apartment invites you to explore its possibilities—whether it's creating your ideal home or establishing a profitable rental investment in a well-regarded location. Arrange a viewing to appreciate what this property has to offer.

Investment Analysis

(RG10 area)

Below Market Value

This property is priced -10.1% below area average per sq ft

-10.1%
Potential saving
This Property
£488/sq ft
Area Average
£543/sq ft
Avg Rent (weekly)
£407
Avg Yield
2.5%

Renovation Potential

Est. Renovation Cost
£20,500 - £51,250
10-25% of property value
Target Value
£250,912
10% above area average per sq ft
Potential ROI
-2.1%
After renovation
Monthly Sales
15
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (RG10)

Area prices are rising by +2.8% over the last 12 months
3 year growth: -8.6%
5 year growth: 14.6%
Investment Disclaimer: Analysis based on RG10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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 RG10
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