5 Bed HMO, Reading, RG4 6QJ, £350,000

110 Galsworthy Drive, Reading, RG4 6QJ - 5 views - a year ago

Sold STC
Leasehold
HMO
ROI: 3%
~94 m²
+7 photos

ValuationUndervalued

Sold Prices£325K - £1.7M
Sold Prices/m²£2.4K/m² - £6.1K/m²

 

 

Square Metres

~93.50 m²
Price/m²£3.7K/m²

Value Estimate

£402,745
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£18,700

Total Cash In

£106,200

 

 

Cash Out

 

Room Rate

£520

Gross Rent

£2,600

Running Costs/mo

£2,220

Cashflow/mo

£380

Cashflow/yr

£4,559

ROI

4%

Gross Yield

9%

Local Sold Prices

42 sold prices from £325K to £1.7M, average is £854K. £2.4K/m² to £6.1K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£555K07/230.06 mi140, Galsworthy Drive, Caversham, Reading RG4 6QJ5
£426.8K05/210.12 mi51, Galsworthy Drive, Caversham, Reading RG4 6PR5
£597K06/230.39 mi10, Fraser Avenue, Caversham, Reading RG4 6RT5
£675K11/200.56 mi269, Peppard Road, Emmer Green, Reading RG4 8UB5
£955K11/200.62 mi43, Kiln Road, Emmer Green, Reading RG4 8UE5
£800K08/210.66 mi133, Peppard Road, Emmer Green, Reading RG4 8TR5
£950K02/230.67 mi7, Jefferson Close, Emmer Green, Reading RG4 8US5
£1.1M01/230.68 mi68, Peppard Road, Emmer Green, Reading RG4 8TL5
£1.1M09/210.83 mi32, Peppard Road, Emmer Green, Reading RG4 8NG5
£530K06/211.13 mi28, Rufus Isaacs Road, Caversham, Reading RG4 6DD5
£625K05/211.15 mi262, Hemdean Road, Caversham, Reading RG4 7QT5
£925K12/201.21 mi14, Highdown Avenue, Emmer Green, Reading RG4 8QS5
£990K07/231.22 mi6, Merthyr Vale, Emmer Green, Reading RG4 8QQ5
£400K04/211.29 mi5, Knighton Close, Caversham, Reading RG4 7SZ5
£650K10/211.32 mi1, Tymawr, Caversham, Reading RG4 7XR5
£552.5K11/201.32 mi27, Tymawr, Caversham, Reading RG4 7XR5
£676K06/211.38 mi7, Blaenavon, Caversham, Reading RG4 7XQ5
£955K05/231.4 mi20, Kidmore Road, Caversham, Reading RG4 7LU5
£795K02/211.4 mi2b, Kidmore Road, Caversham, Reading RG4 7LU5
£985K02/231.42 mi51, Priest Hill, Caversham, Reading RG4 7RY5
£996K04/211.43 mi7, Highmoor Road, Caversham, Reading RG4 7BN5
£1.2M04/231.46 mi8, Dellwood Park, Caversham, Reading RG4 7NX5
£908K06/211.46 mi3, The Mount, Caversham, Reading RG4 7RU5
£621K06/211.47 mi8, St Annes Road, Caversham, Reading RG4 7PA5
£1.0M02/211.49 mi54, Albert Road, Caversham, Reading RG4 7PF5
£1.1M07/211.5 mi12, Richmond Road, Caversham, Reading RG4 7PP5
£1.2M01/231.5 mi19, Albert Road, Caversham, Reading RG4 7AN5
£985K05/211.55 mi43, Church Road, Caversham, Reading RG4 7AG5
£1.7M07/231.61 mi15, Tanners Lane, Chalkhouse Green, Reading, Oxfordshire RG4 9AD5
£675K12/201.65 mi12, Symeon Place, Caversham, Reading RG4 7AS5
£1.1M02/211.73 mi12, Wincroft Road, Caversham, Reading RG4 7HH5
£700K04/211.75 mi25, Queensborough Drive, Caversham, Reading RG4 7JA5
£1.2M08/211.76 mi102, Conisboro Avenue, Caversham, Reading RG4 7JF5
£1.4M01/211.78 miBramley, Kiln Lane, Binfield Heath, Henley-on-thames, Oxfordshire RG9 4EG5
£555K02/211.83 mi17, Carlton Road, Caversham, Reading RG4 7NT5
£345K03/211.86 mi47, Radstock Road, Reading RG1 3PS5
£583K02/211.87 mi14, Woodcote Way, Caversham, Reading RG4 7HE5
£940K03/211.88 mi19, Sonning Meadows, Sonning, Reading, Wokingham RG4 6XB5
£655K03/231.91 mi50, Woodcote Way, Caversham, Reading RG4 7HL5
£1.3M04/211.94 miFairmaple, Chazey Road, Caversham, Reading RG4 7DS5
£500K11/201.99 mi62, Delamere Road, Earley, Reading, Wokingham RG6 1AP5
£325K06/232 mi32, Chiltern Crescent, Earley, Reading, Wokingham RG6 1AN5

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

2.24 miles away

Nearest school

0.30 miles away

Nearest train station

1.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £350,000

December 4, 2024

Listed for £375,000

November 6, 2023

Sold for £183,000

2019

Sold for £170,000

2015

Sold for £265,000

2015

Sold for £172,000

2002

Floor Plans

Description

  • Five bedrooms +
  • Two bathrooms & separate WC +
  • Bright living room +
  • Good sized kitchen +
  • Large garden +
  • Chain free +
  • Laminate wood flooring +
  • Currently a five bedroom HMO +
  • Off road parking +
  • EPC rating D +

OFFERS INVITED!! CHAIN FREE BUY TO LET WITH A 8% GROSS YIELD. Set within this sought after area of Caversham is this spacious semi detached house over two floors. The property is currently laid out as a five bedroom two bathroom HMO and can be brought as a buy to let investment that generates £2600 PCM £31,200 PA in rent. The property can be converted back into a standard three bedroom semi detached house. There is a garden to the rear and driveway parking to the front for two cars. The property is being sold with no onward chain.

Hallway - Laminate wood flooring, archway to the living room and kitchen, understair storage, stairs to the 1st floor and doors:

Living Room - 4.55m x 2.44m (14'11 x 8) - A good sized living room with a double glazed window to the front, laminate wood flooring and radiator.

Kitchen - 2.06m x 1.93m (6'9 x 6'4) - Ample wall and base units with roll top work surfaces. Inset sink and drainer, oven and hob. Recess for fridge. Window to the front and tiled splash backs.

Bedroom One - 3.89m x 2.84m (12'9 x 9'4) - A good sized room with a double glazed window and door to terrace area that leads to the garden. Carpeted and space for wardrobes.

Bedroom Two - 3.15m x 2.97m (10'4 x 9'9) - Carpeted, double glazed window overlooking the garden and space for wardrobes.

Landing - Carpeted, doors to:

Bedroom Five - 3.38m x 3.02m (11'1 x 9'11) - Carpeted, double glazed window overlooking the garden and space for wardrobes.

Bedroom Three - 3.00m x 2.90m (9'10 x 9'6) - A bright room with a double glazed window overlooking the garden. Carpeted and space for wardrobes.

Bedroom Four - 3.05m x 2.82m (10 x 9'3) - Carpeted, double glazed window to the front, shower cubical and wash hand basin.

Wc - Comprising of a WC and wash hand basin. Frosted window to the front.

Bathroom - 2.69m x 1.98m (8'10 x 6'6) - Comprising of a 'walk in' shower, wash hand basin, frosted window to the front and cupboard with recess for washing machine and dryer.

Shower Room - Comprising of a corner shower, wash hand basin and heated towel rail.

Garden - A good sized garden that is laid to lawn with shrub borders and has views over the green to the rear. Accessed from the side and from bedroom one.

Tenure - Tenure : Leasehold 125 from 2015 but the property is being sold with the Freehold on a separate title.
Ground rent: £250
Service charge: Peppercorn

Agent Details

Nicholas Estate Agents, Caversham

0118 230 1760

Next Steps?

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