5 Bed HMO, Reading, RG4 5LY, £475,000

Meadow Way, Caversham, Reading, Berkshire, RG4 5LY - 2 views - 10 months ago

HMO
ROI: 5%
~105 m²
+10 photos

ValuationOvervalued

Sold Prices£325K - £1.4M
Sold Prices/m²£2.4K/m² - £7.5K/m²

 

 

Square Metres

~105.40 m²
Price/m²£4.5K/m²

Value Estimate

£417,027

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Room Rate

£698

Gross Rent

£3,490

Running Costs/mo

£2,846

Cashflow/mo

£644

Cashflow/yr

£7,733

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £325K to £1.4M, average is £675.5K. £2.4K/m² to £7.5K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£530K06/210.63 mi28, Rufus Isaacs Road, Caversham, Reading RG4 6DD5
£345K03/210.84 mi47, Radstock Road, Reading RG1 3PS5
£1.1M09/210.87 mi32, Peppard Road, Emmer Green, Reading RG4 8NG5
£1.1M01/230.92 mi68, Peppard Road, Emmer Green, Reading RG4 8TL5
£800K08/210.95 mi133, Peppard Road, Emmer Green, Reading RG4 8TR5
£550K06/210.99 mi67, South Street, Reading RG1 4RA5
£810K10/211.01 mi12, Denmark Road, Reading RG1 5PA5
£400K04/211.02 mi5, Knighton Close, Caversham, Reading RG4 7SZ5
£426.8K05/211.03 mi51, Galsworthy Drive, Caversham, Reading RG4 6PR5
£621K06/211.04 mi8, St Annes Road, Caversham, Reading RG4 7PA5
£600K11/221.04 mi9, Erleigh Road, Reading RG1 5LR5
£560K09/221.05 mi4, Bulmershe Road, Reading RG1 5RJ5
£985K02/231.07 mi51, Priest Hill, Caversham, Reading RG4 7RY5
£985K05/211.1 mi43, Church Road, Caversham, Reading RG4 7AG5
£745K10/201.11 mi76, Hamilton Road, Reading RG1 5RD5
£625K05/211.12 mi262, Hemdean Road, Caversham, Reading RG4 7QT5
£555K07/231.13 mi140, Galsworthy Drive, Caversham, Reading RG4 6QJ5
£550K03/231.14 mi38, Erleigh Road, Reading RG1 5NA5
£790K06/211.16 mi39, Hamilton Road, Reading RG1 5RA5
£908K06/211.17 mi3, The Mount, Caversham, Reading RG4 7RU5
£740K10/201.18 mi5, Bulmershe Road, Reading RG1 5RH5
£955K05/231.22 mi20, Kidmore Road, Caversham, Reading RG4 7LU5
£795K02/211.22 mi2b, Kidmore Road, Caversham, Reading RG4 7LU5
£325K06/231.24 mi32, Chiltern Crescent, Earley, Reading, Wokingham RG6 1AN5
£1.2M01/231.25 mi19, Albert Road, Caversham, Reading RG4 7AN5
£745K02/231.3 mi77, Alexandra Road, Reading RG1 5PS5
£495K02/211.31 mi12, Blackthorn Close, Earley, Reading, Wokingham RG6 1DH5
£597K06/231.31 mi10, Fraser Avenue, Caversham, Reading RG4 6RT5
£996K04/211.33 mi7, Highmoor Road, Caversham, Reading RG4 7BN5
£500K11/201.33 mi62, Delamere Road, Earley, Reading, Wokingham RG6 1AP5
£675K11/201.35 mi269, Peppard Road, Emmer Green, Reading RG4 8UB5
£825K06/211.36 mi66, Alexandra Road, Reading RG1 5PP5
£675K12/201.36 mi12, Symeon Place, Caversham, Reading RG4 7AS5
£815K06/231.4 mi12, Hilltop Road, Earley, Reading, Wokingham RG6 1BZ5
£1.0M02/211.41 mi54, Albert Road, Caversham, Reading RG4 7PF5
£350K03/211.43 mi52, Bedford Road, Reading RG1 7HS5
£643K11/201.46 mi113, Pitts Lane, Earley, Reading, Wokingham RG6 1DD5
£1.2M04/231.5 mi8, Dellwood Park, Caversham, Reading RG4 7NX5
£700K03/211.5 mi6, Lancaster Close, Reading RG1 5HB5
£635K06/211.5 mi8, New Road, Reading RG1 5JD5
£650K10/211.51 mi1, Tymawr, Caversham, Reading RG4 7XR5
£552.5K11/201.51 mi27, Tymawr, Caversham, Reading RG4 7XR5
£1.4M07/221.55 mi76, Elmhurst Road, Reading RG1 5HY5
£676K06/211.56 mi7, Blaenavon, Caversham, Reading RG4 7XQ5
£586.4K12/201.57 mi179, Church Road, Earley, Reading, Wokingham RG6 1HN5
£940K03/211.57 mi19, Sonning Meadows, Sonning, Reading, Wokingham RG4 6XB5
£1.0M05/211.57 mi14, Glebe Road, Reading RG2 7AG5
£500K12/201.6 mi21, Cintra Close, Reading RG2 7AL5
£430K02/211.6 mi4, Cintra Close, Reading RG2 7AL5
£1.1M07/211.61 mi12, Richmond Road, Caversham, Reading RG4 7PP5

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.25 miles away

Nearest school

0.50 miles away

Nearest train station

0.93 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 £475,000

September 26, 2024

Listed for £485,000

June 10, 2024

Floor Plans

Description

  • Fully Licensed HMO +
  • Built 16 Years Ago +
  • Two Bathrooms +
  • Residents Parking +
  • Private Rear Garden +
  • Prime Location +

Parkers are pleased to present this five bedroom mid terrace family home offered to the market with NO ONWARD CHAIN.

The accommodation comprises; entrance hall, wc, lounge and a kitchen/diner. To the first floor; two double bedrooms with the master benefitting from an ensuite and to the second floor; three further bedrooms and a family bathroom. Located within 1.4 miles from Reading mainline railway, 1 mile from Caversham high street and a short walk to Caversham Lakes. Viewing is highly recommended. Please note this property is currently being let as a HMO generating £29,400 P/A.

Council Tax Band D

Please be aware there is a £200 P/A management fee for the development.

Agent Details

Parkers, Caversham

0118 230 0603

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪