7 Bed Detached House, Refurb/BRRR, Wokingham, RG40 1TS, £1,500,000

Wiltshire Road, Wokingham, Berkshire, RG40 1TS - 1 views - a year ago

Refurb/BRRR
~217 m²
+26 photos

ValuationOvervalued

Sold Prices£375K - £1.6M
Sold Prices/m²£3.3K/m² - £7.5K/m²

 

 

Square Metres

~217 m²
Price/m²£6.9K/m²

Value Estimate

£996,289

 

 

End Value (After Refurb)

£964,501

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£375,000

Stamp Duty & Legal Fees

£137,450

Refurb Costs

£102,800

Bridging Loan Interest

£39,375

Total Cash In

£656,375

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£964,501

Mortgage (After Refinance)

£723,376

Mortgage LTV

75%

Cash Left In

£656,375

Equity

£241,125

Rent Range

£1,500 - £3,950

Rent Estimate

£2,632

Running Costs/mo

£3,560

Cashflow/mo

£-928

Cashflow/yr

£-11,142

Gross Yield

2%

Local Sold Prices

50 sold prices from £375K to £1.6M, average is £682.5K. £3.3K/m² to £7.5K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£880K07/230.04 mi9, Barkhart Drive, Wokingham RG40 1TW4
£880K12/210.15 mi21, Clare Avenue, Wokingham RG40 1EB4
£735K01/210.15 mi17, Clare Avenue, Wokingham RG40 1EB4
£1.0M12/220.15 mi1, Barkhart Gardens, Wokingham RG40 1ET4
£775K06/210.16 mi13, Osborne Road, Wokingham RG40 1TL4
£695K01/210.18 mi3, Abbey Close, Wokingham RG40 1WB4
£510.8K12/200.21 mi87, London Road, Wokingham RG40 1YA4
£375K12/200.22 mi25, Sarum Crescent, Wokingham RG40 1XF4
£490K12/200.23 mi20, Crutchley Road, Wokingham RG40 1XA4
£400K11/200.23 mi28, Elizabeth Road, Wokingham RG40 1UB4
£504.5K10/210.24 mi18, Sarum Crescent, Wokingham RG40 1XF4
£680K12/200.24 mi32, Rose Street, Wokingham RG40 1XU4
£920K04/230.25 mi9, Cedar Close, Wokingham RG40 1EA4
£680K03/210.25 mi6, Cedar Close, Wokingham RG40 1EA4
£780K06/210.28 mi17, All Saints Close, Wokingham RG40 1WE4
£440K01/230.32 mi178, Norreys Avenue, Wokingham RG40 1UH4
£537K01/210.4 mi25, Benning Way, Wokingham RG40 1XX4
£500K08/230.4 mi11, Benning Way, Wokingham RG40 1XX4
£700K12/220.4 mi12, Budges Gardens, Wokingham RG40 1PX4
£717K01/230.41 mi166, London Road, Wokingham RG40 1SU4
£600K03/210.41 mi1, Moles Close, Wokingham RG40 2EQ4
£605K01/230.42 mi19, Benning Way, Wokingham RG40 1XX4
£730K11/220.45 mi28, Sturges Road, Wokingham RG40 2HE4
£810K06/210.46 mi31a, Sturges Road, Wokingham RG40 2HG4
£1.0M02/230.47 mi4c, Crescent Road, Wokingham RG40 2DB4
£820K06/230.47 mi3, Buckthorn Close, Wokingham RG40 5YD4
£570K01/210.48 mi1, Blake Close, Wokingham RG40 1QH4
£655K06/210.51 mi18, Mays Road, Wokingham RG40 1RW4
£450K02/210.52 mi3, Clover Close, Wokingham RG40 5YX4
£650K12/200.54 mi6, Chetwode Close, Wokingham RG40 2LL4
£880K06/210.54 mi8, Chetwode Close, Wokingham RG40 2LL4
£525K02/230.55 mi17, Alderman Willey Close, Wokingham RG41 2AQ4
£550K12/200.56 mi17, Trefoil Close, Wokingham RG40 5YQ4
£535K04/230.56 mi4, Park Road, Wokingham RG40 2AH4
£730K01/210.57 mi9, Albert Road, Wokingham RG40 2AL4
£600K12/200.58 mi49, Twycross Road, Wokingham RG40 5PE4
£980K01/230.59 mi14, Martins Drive, Wokingham RG41 1NY4
£1.6M01/230.61 mi1, South Drive, Wokingham RG40 2DH4
£510K06/210.61 mi1, Harmar Close, Wokingham RG40 1SG4
£685K06/230.61 mi52, Harmar Close, Wokingham RG40 1SG4
£740K03/230.62 mi9, Payley Drive, Wokingham RG40 5YW4
£640K02/210.62 mi5, Payley Drive, Wokingham RG40 5YW4
£790K06/210.63 mi5, Dyer Road, Wokingham RG40 5PG4
£860K04/230.63 mi17, Dyer Road, Wokingham RG40 5PG4
£580K06/210.64 mi1, Duncan Drive, Wokingham RG40 2JX4
£634K11/200.65 mi12, Starmead Drive, Wokingham RG40 2HX4
£700K03/230.65 mi13, Starmead Drive, Wokingham RG40 2JA4
£690K10/200.66 mi22, Starmead Drive, Wokingham RG40 2HX4
£925K02/210.66 mi22, Matthews Green Road, Wokingham RG41 1JU4
£500K11/210.66 mi9, Mount Pleasant, Wokingham RG41 2YG4

Local Rents

21 rents from £1.5K/mo to £4K/mo, average is £2.6K/mo.

RentDateDistanceAddressBeds 
£2,60007/240.18 miDean Grove, Wokingham, RG40 1WD4
£1,99507/240.26 miAll Saints Close, Wokingham, Berkshire, RG403
£2,00007/240.29 miEasthampstead Road, Wokingham, Berkshire, RG404
£3,50007/240.31 miLondon Road, Wokingham, Berkshire, RG405
£2,00008/240.36 miAngus Close, Winnersh, Wokingham, Berkshire, RG413
£2,65007/240.36 miWokingham, Berkshire4
£3,25007/240.36 miEasthampstead Road, Wokingham4
£3,75007/240.38 miMilton Road, Wokingham5
£2,90007/240.42 miMilton Gardens Development4
£2,00007/240.42 miElms Road, Wokingham, Berkshire, RG404
£2,85007/240.43 mi The Terrace, Wokingham, RG404
£1,50007/240.43 miWhaley Road, Wokingham3
£3,75007/240.52 miLondon Road, Wokingham, Berkshire, RG406
£1,85007/240.53 miPigott Road, Wokingham, RG403
£2,15007/240.54 mi-4
£2,00007/240.56 miTrefoil Close, Wokingham, RG403
£3,95003/250.58 mi-4
£3,20007/240.58 miFairview Road, Wokingham4
£2,10002/250.59 mi-3
£2,20004/250.59 mi-3
£2,65012/240.61 mi-4

Local Area Statistics

Population in RG40

26,370

Population in Wokingham

54,769

Town centre distance

1.01 miles away

Nearest school

0.10 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £1,500,000

December 18, 2023

Floor Plans

Description

  • On the fringe of Wokingham Town Centre +
  • Grade II Listed +
  • About two-fifths of an acre +

A piece of English history.  Exposed beams, fine panelling. On the fringe of Wokingham Town Centre – Grade II Listed. A rambling farmhouse in about two-fifths of an acre. Suitable for improvement and modernisation. The accommodation includes: First Floor:  7 Bedrooms, Dressing Room, 3 Bathrooms, 2 Staircases and Landings. Ground Floor:  Reception Hall, Cloakroom, Kitchen 2, Lounge and two other Reception Rooms, all three with panelled walls, Dining Room, Study/Playroom, Kitchen/Breakfast Room, Utility Room, gas fired central heating. Good off-street parking with raised garden at the front, to the side/rear of the property there is lawn with established borders.  Two-fifths of an acre. A Grade II Listed farmhouse, which is described on the Listed Buildings website:‘dates from the early 17th Century extended and altered in the late 18thCentury and again in the mid-20th Century’.  It is further described‘as part timber framed encased in part painted brick, part rendered and painted’.  One of the important features listed is the ‘chimney piece in drawing room, elaborately carved with fruit and foliage ornament; moulded cornice’.  On the edge of Wokingham Town Centre, which combines a selection of lovely historic period buildings and a recently undertaken regeneration in part of Market Place, Peach Street and Elms Field. The range of shops is quite extensive with emphasis on social and recreation with a wide range of restaurants, bars, cafés, and public houses.  Also, a cinema and Wokingham Leisure Centre, which includes a swimming pool, fitness & health centre, gym, an area for ‘family and kids’ and a Library; adjoining is a bowling alley.  Bus services pass along Wiltshire Road with a greater range from the Town Centre including services to Reading, Bracknell and Camberley. Wokingham railway station is on the London to Waterloo line and offers services to Guildford/Gatwick.  Reading railway station or nearby just to the north at Twyford there are services on the Paddington line and the new Elizabeth line. The A329M is about two miles offering immediate access to the M4 junction 10 and just to the south of Bracknell at Bagshot the M3. First Floor: Principal Suite: Bedroom 1:  15’4 x 13’6 double aspect, two ranges built-in wardrobes and cupboards,      cupboard over stairs, some exposed timbers.              Bedroom 2/Dressing Room:  10’8 x 9’5 exposed beams. Bathroom 1:  15’2 x 7’3 reducing to 4’3with stand-alone bath with mixer tap and hand shower, vanity unit with wash hand basin, cupboards below, low level W.C., shower cubicle, part panelled walls.   Two adjoining bedrooms one accessed from main landing the other from secondary landing. Bedroom 3:  15’3 x 15’3 some exposed beams, two full height fitted wardrobes, steps up to: Bedroom 4:  19’2 x 13’ extending to 16’2 into bay window,double aspect, central dressing table unit with adjoining full height built-in wardrobes. Bathroom 2:  14’5 x 8’1 modern curved bath with separate shower fitment, wash hand  basin, low level W.C., plumbing for two washing machines, built-in cupboards housing hot water tank.  Bedroom 5:  5’2 x 11’6 max. vanity unit with inset wash basin, two doors to landing. Guest Suite:  Bedroom with Dressing Area and Bathroom: Bedroom 6/Dressing Room:  17’ x 9’ double aspect, painted built-in cupboards, archway to: Dressing Room:  12’8 x 7’5 built-in cupboards. Bathroom 3:  white suite of panelled bath, mixer tap and hand shower, pedestal wash hand basin, low level W.C. Bedroom 7:  12’4 x 9’8 with radiator, fitted bookshelves. Landing:  part panelled, some exposed beams, shelved corner cupboard. Secondary Landing:   approached from secondary staircase, Ground Floor:  Canopied Porch:          Reception Hall:  25’5 x 7’1 with period panelled walls, parquet flooring, exposed timbers, coats cupboard, radiator, Inner Hall/Study:  22’ x 7’ and 12’5 x 7’4, principal staircase.         Cloakroom:  pedestal wash hand basin, low level W.C., parquet flooring, Kitchen 2:  12’4 x 9’2 max. sink unit set in worktop with cupboards and drawers below, five ring gas hob, split level double oven, plumbing for washing machine, space for fridge and freezer, good range of wall mounted cupboards. Front Reception Room:  20’7 x 16’ ‘L’ shaped,with parquet flooring. Feature brick fireplace with carved and ornate timber surrounds and built in cupboards on either side. Panelled wall, exposed beams, French windows.          Reception Room 2:  15’ x 15’ with parquet flooring, deep fireplace with timber surround, panelled walls, French windows, opening to: Reception Room 3:  18’8 x 13 plus deep bay windowwith feature fireplace with marble surround and timber painted mantel with inset attractive tiled hearth, square bay window, panelled walls, second square bay with French windows. Inner Hall:  leading to: Study/Reception Room 4:  15’5 x 8’3 fireplace with cupboards either side, further built-in cupboards. Inner Hall:   with secondary staircase and doors to kitchen, study and dining room/ reception room 5.   Dining Room/Reception Room 5:  20’ x 14’6 with parquet flooring, all walls panelled, feature stone fireplace with timber mantel stone hearth, radiator, French windows, secret door. Kitchen:  17’ x 13’ with deep glazed sink with adjoining worktop cupboards and drawers below, fitted Rangemaster with gas hob with ovens below, further worktops with cupboards and drawers below, some wall mounted cupboards, shelving, recess with built-in log burner, featuring old, beamed mantel with brickwork surround leading to open plan. Breakfast Room:  16’4 x 9’6 max.double aspect, stable doors to, Rear Lobby:  Door to garden. Cloakroom:  wash hand basin, low level W.C. Utility Room:  8’7 x 7’ with stone sink, quarry tiled floor. Outside:  The property is approached through double gates from Wiltshire Road with a significant parking area for eight to ten cars or more.  Raised area of lawn. Front and side boundary fully fenced. Further raised area with dilapidated shed.    Detached Two Car Garage:with large up and over door.                                   Formal Gardens:  The majority of the gardens are to the south of the house and include a significant area of private lawn, many fine specimen trees and shrubs. The total site area is about 0.4 of an acre – about two fifths of an acre.      EPC:  Not required.            Council Tax Band:  Band G.

Agent Details

Martin & Pole, Wokingham

0118 230 8426

Next Steps?

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