Potential 4-Bed HMO, Reading, RG30 2RU, £375,000

79 Wilson Road, Reading, Berkshire, RG30 2RU - 3 views - 10 months ago

Sold STC
HMO
ROI: 4%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£170K - £522.5K
Sold Prices/m²£1.7K/m² - £5.6K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£362,144

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Room Rate

£659

Gross Rent

£2,636

Running Costs/mo

£2,229

Cashflow/mo

£407

Cashflow/yr

£4,884

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £170K to £522.5K, average is £321K. £1.7K/m² to £5.6K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£310K02/230.06 mi45, Wilson Road, Reading RG30 2RT3
£283K02/210.06 mi164, Wantage Road, Reading RG30 2SJ3
£445K12/220.08 mi144, Wantage Road, Reading RG30 2SF3
£344K04/210.09 mi7, Tofrek Terrace, Reading RG30 2JS3
£425K03/230.09 mi10, Tofrek Terrace, Reading RG30 2JS3
£350K02/230.1 mi49, Wantage Road, Reading RG30 2SN3
£400K09/210.11 mi48, Waverley Road, Reading RG30 2PY3
£490K02/230.11 mi54, Waverley Road, Reading RG30 2PY3
£473K03/230.14 mi102, Waverley Road, Reading RG30 2PY3
£360K06/230.15 mi4, Suffolk Road, Reading RG30 2EH3
£270K12/200.19 mi4, Rutland Road, Reading RG30 2EL3
£292K01/210.19 mi8, Rutland Road, Reading RG30 2EL3
£290K04/210.19 mi171, Beecham Road, Reading RG30 2RB3
£350K03/230.19 mi81, Beecham Road, Reading RG30 2RB3
£327K03/210.19 mi8, Wilton Road, Reading RG30 2SS3
£312.3K04/230.19 mi5, Wilton Road, Reading RG30 2SS3
£297.5K05/210.19 mi166, Beecham Road, Reading RG30 2RE3
£300K04/210.2 mi7, Aberford Close, Reading RG30 2NX3
£300K03/210.2 mi12, Aberford Close, Reading RG30 2NX3
£300K02/230.2 mi29, Wantage Road, Reading RG30 2SH3
£335K03/230.2 mi44, Wilson Road, Reading RG30 2RN3
£335K11/210.21 mi18, Kent Road, Reading RG30 2EJ3
£170K01/230.22 mi19, Tuxford Mews, Reading RG30 2NW3
£300K07/210.22 mi21, Richmond Road, Reading RG30 2SP3
£350K04/230.23 mi4, Kirton Close, Reading RG30 2NS3
£460K01/230.24 mi250, Tilehurst Road, Reading RG30 2NE3
£300K09/210.24 mi24, Hilcot Road, Reading RG30 2SX3
£380K03/210.25 mi274, Tilehurst Road, Reading RG30 2NE3
£522.5K05/230.25 mi252, Tilehurst Road, Reading RG30 2NE3
£345K09/210.25 mi76, Kensington Road, Reading RG30 2SY3
£220K01/230.26 mi22, Appleby End, Reading RG30 2NR3
£305K02/230.26 mi28, Kensington Road, Reading RG30 2SY3
£315K06/230.27 mi90, St Georges Road, Reading RG30 2RH3
£307K06/230.27 mi1, Colliers Way, Reading RG30 2QS3
£370K01/230.27 mi27, Appleby End, Reading RG30 2NR3
£403K12/220.28 mi200, Waverley Road, Reading RG30 2QG3
£310K01/210.28 mi35, Parkside Road, Reading RG30 2BT3
£515K01/230.28 mi212, Waverley Road, Reading RG30 2QG3
£390K04/210.28 mi12, St Ronans Road, Reading RG30 2QE3
£337K07/230.29 mi72, Shaftesbury Road, Reading RG30 2QJ3
£297.5K05/210.29 mi18, Ibstock Close, Reading RG30 2NU3
£300K04/210.29 mi10, Ibstock Close, Reading RG30 2NU3
£410K03/210.3 mi16, St Ronans Road, Reading RG30 2QE3
£265K12/200.3 mi4, Chester Street, Reading RG30 1LR3
£285K09/210.3 mi160, Belmont Road, Reading RG30 2UX3
£270K01/210.3 mi102, Shaftesbury Road, Reading RG30 2QJ3
£342.5K02/230.31 mi31, St Georges Road, Reading RG30 2RG3
£375K05/230.31 mi82, Sherwood Street, Reading RG30 1LF3
£270K08/210.31 mi88, Sherwood Street, Reading RG30 1LF3
£315K06/210.31 mi28, Gloucester Road, Reading RG30 2TH3

Local Area Statistics

Population in RG30

43,410

Population in Reading

321,187

Town centre distance

1.34 miles away

Nearest school

0.10 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £375,000

November 5, 2024

Listed for £400,000

July 4, 2024

Floor Plans

Description

  • Extended end of terrace house +
  • No 'onward chain' complications +
  • 996 sq. ft (93 sq. m.) of accommodation over 3 floors +
  • Currently let as unlicensed House of Multiple Occupation +
  • Versatile and well proportioned acoomodation +
  • Separate living room +
  • Modern fitted kitchen +
  • Option of 4 bedrooms each with en-suite shower rooms +
  • Enclosed low maintenance rear garden +
  • UPVC double glazing and GRCH (n/t) +

Sansome & George Reading - A deceptively spacious end of terrace house of 996 sq. ft. (93 sq. m.) currently let as 4 en-suite 'double' bedrooms as an unlicensed H.M.O. but could easily be reinstated as a private residence for owner occupation. Vacant possession / no onward chain.

Offered with the added advantage of no 'Onward Chain', this attractive and deceptively spacious extended end of terrace house is currently tenanted as an unlicensed HMO (House of Multiple Occupation) but is also suited for private owner occupation. Tucked away in a popular yet convenient back road, this Victorian property is ideally situated within minutes walk of a host of amenities to include Prospect Park and Playing Fields, Gyms, Battle Library, the desirable 'Wilson Primary' school and also a range of shops, supermarkets, cafes, restaurants and pubs as well as numerous frequent bus services. Reading Town Centre is just over 1.5 miles to the east (approx.30 mins walk) and Reading West Train Station is approximately 15 minutes walk linking Reading Mainline, Newbury, Basingstoke, Theale,

Offering just under 1000 sq. ft. (93 sq. m.) of well proportioned accommodation arranged over 3 floors, the property is approached via tiled path to open porch over front door with a small frontage enclosed by brick wall and established hedging with a path continuing to the rear garden via a secure gate. The entrance hall has stairs rising to the first floor and doors opening to a front aspect Reception Room (currently used as Bedroom 4) with feature bay window, built in storage cupboard and en-suite shower room; and a separate rear aspect living room which in turn leads to a modern triple aspect fitted Kitchen with side aspect courtesy door to garden. On the first and second floors there are 3 separate 'double' bedrooms each with en-suite shower rooms. Outside, the enclosed rear garden is hardscaped with low maintenance in mind being laid mainly to gravel enclosed by brick walls and timber fencing. Other notable features include UPVBC double glazing and central heating to radiators via gas fired combi boiler.

For more information or to schedule a viewing appointment, please contact Sansome & George Estate Agents at your earliest convenience.

Reading Borough Council - Band C

Agent Details

Sansome & George Residential Sales Ltd, Tilehurst

0118 230 5011

Next Steps?

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