3 Bed Terraced House, Refurb/BRRR, Reading, RG30 1BS, £290,000

77 Audley Street, Reading, Berkshire, RG30 1BS - 28 views - 9 months ago

Refurb/BRRR
ROI: 3%
~81 m²
+5 photos

ValuationFair Value

Sold Prices£219.5K - £625K
Sold Prices/m²£2.6K/m² - £6.3K/m²

 

 

Square Metres

~81 m²
Price/m²£3.6K/m²

Value Estimate

£292,900

 

 

End Value (After Refurb)

£307,016

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Refurb Costs

£37,614

Bridging Loan Interest

£7,613

Total Cash In

£131,376

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£307,016

Mortgage (After Refinance)

£230,262

Mortgage LTV

75%

Cash Released

£12,762

Cash Left In

£118,614

Equity

£76,754

Rent Range

£1,400 - £3,500

Rent Estimate

£1,638

Running Costs/mo

£1,307

Cashflow/mo

£331

Cashflow/yr

£3,972

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £219.5K to £625K, average is £305.5K. £2.6K/m² to £6.3K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£275.5K10/200.01 mi65, Audley Street, Reading RG30 1BS3
£300K09/210.02 mi54, Audley Street, Reading RG30 1BS3
£280K04/210.05 mi81, Curzon Street, Reading RG30 1DA3
£250K09/210.07 mi46, Beresford Road, Reading RG30 1BX3
£338K06/230.07 mi18, Valentia Road, Reading RG30 1DH3
£321.1K06/210.07 mi72, Catherine Street, Reading RG30 1DG3
£320K09/210.1 mi6, Audley Street, Reading RG30 1BP3
£310K04/210.1 mi11, Audley Street, Reading RG30 1BP3
£300K09/210.11 mi15, Audley Street, Reading RG30 1BP3
£320K04/230.11 mi3, Curzon Street, Reading RG30 1DB3
£325K11/210.11 mi39, Curzon Street, Reading RG30 1DB3
£247K03/210.11 mi41, Curzon Street, Reading RG30 1DB3
£300K04/210.12 mi4, Catherine Street, Reading RG30 1DN3
£280K12/220.12 mi5, Catherine Street, Reading RG30 1DN3
£300K09/210.13 mi10, Curzon Street, Reading RG30 1DB3
£219.5K11/200.16 mi15, Elm Park Road, Reading RG30 2TP3
£300K02/210.17 mi36, Salisbury Road, Reading RG30 1BJ3
£305K03/230.2 mi30, Elm Park Road, Reading RG30 2TN3
£269K07/210.21 mi61, Connaught Road, Reading RG30 2UD3
£305K02/230.24 mi28, Kensington Road, Reading RG30 2SY3
£335K06/230.25 mi53, Prince Of Wales Avenue, Reading RG30 2UJ3
£345K09/210.26 mi76, Kensington Road, Reading RG30 2SY3
£300K06/230.26 mi34, Prince Of Wales Avenue, Reading RG30 2UH3
£290K01/230.26 mi26, Prince Of Wales Avenue, Reading RG30 2UH3
£300K09/210.27 mi24, Hilcot Road, Reading RG30 2SX3
£315K03/210.29 mi5, Wood Green Close, Reading RG30 2AW3
£265K12/200.3 mi4, Chester Street, Reading RG30 1LR3
£275K05/210.3 mi40, Chester Street, Reading RG30 1LP3
£280K04/230.3 mi56, Chester Street, Reading RG30 1LP3
£469K09/210.31 mi101, Connaught Road, Reading RG30 2UE3
£300K07/210.31 mi21, Richmond Road, Reading RG30 2SP3
£500K11/220.31 mi33, Western Elms Avenue, Reading RG30 2AL3
£275K04/210.32 mi13, Stanley Grove, Reading RG1 7NS3
£330K05/210.32 mi20, Stanley Grove, Reading RG1 7NS3
£327K03/210.33 mi8, Wilton Road, Reading RG30 2SS3
£312.3K04/230.33 mi5, Wilton Road, Reading RG30 2SS3
£310K02/230.33 mi12, Rylstone Road, Reading RG30 1LN3
£280K03/210.33 mi10, Rylstone Road, Reading RG30 1LN3
£325K04/230.34 mi139, Belmont Road, Reading RG30 2UY3
£306K07/230.34 mi163, Belmont Road, Reading RG30 2UY3
£510K10/220.34 mi22, Brunswick Hill, Reading RG1 7YU3
£300K02/230.35 mi29, Wantage Road, Reading RG30 2SH3
£285K09/210.35 mi160, Belmont Road, Reading RG30 2UX3
£390K06/210.35 mi61, Lorne Street, Reading RG1 7YW3
£410K06/230.35 mi61, Lorne Street, Reading RG1 7YW3
£400K12/210.36 mi28, Brunswick Hill, Reading RG1 7YU3
£390K06/210.36 mi45, Brunswick Hill, Reading RG1 7YU3
£625K09/220.36 mi39, Argyle Road, Reading RG1 7YL3
£365K06/210.37 mi15, Argyle Road, Reading RG1 7YL3
£380K06/210.37 mi5, Argyle Road, Reading RG1 7YL3

Local Rents

50 rents from £1.4K/mo to £3.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,60007/240.01 mi-3
£1,60007/240.02 miCurzon Street, Reading, RG303
£1,65002/240.04 mi-3
£1,55003/250.04 mi-3
£3,50001/250.04 mi-3
£1,75008/240.06 miBeresford Road, Reading3
£2,00001/250.07 mi-3
£1,50008/240.07 miBarnwood Close, Reading, Berkshire3
£1,80007/240.1 miCurzon Street, Reading, Berkshire, RG303
£1,55001/250.12 mi-3
£1,60008/240.13 miBattle Place, Reading, RG303
£1,60008/240.13 miBattle Place, Reading, Berkshire, RG303
£1,65002/240.13 mi-3
£2,00007/240.16 miBattle Square, Reading, RG303
£2,00008/240.16 mi-3
£1,50007/240.16 miElm Park Road, Reading, Berkshire, RG303
£1,70008/240.17 mi-3
£1,70007/240.17 miOxford Road, Reading, RG303
£1,70008/240.17 miOxford Road, Reading, RG303
£1,60007/240.18 miLansdowne House, Moulsford Mews, Reading, Berkshire, RG303
£1,60007/240.18 miConnaught Road, Reading, Berkshire, RG303
£1,90012/240.19 mi-3
£1,45002/240.19 mi-3
£1,65002/250.19 mi-3
£1,65012/240.2 mi-3
£1,40007/240.2 miBelmont Road, Reading, Berkshire, RG303
£1,60007/240.2 miConnaught Road, Reading, RG303
£1,50001/250.2 mi-3
£1,65007/240.21 miEnglefield House, Moulsford Mews, Reading, RG303
£1,40007/240.21 miCranbury Road, Reading, RG303
£1,60003/250.23 mi-3
£1,52507/240.25 miKensington Road, Reading3
£2,80011/240.25 mi-3
£1,40007/240.26 miKensington Road, Reading, RG303
£1,50007/240.26 miPrince Of Wales Avenue, Reading, Berkshire, RG303
£1,65007/240.27 mi-3
£1,50008/240.28 miThree Bedroom House- Prince Of Wales Avenue, Reading3
£1,40012/240.3 mi-3
£1,95007/240.3 miSt. Georges Road, Reading, RG303
£1,55008/240.31 mi-3
£1,55009/240.31 mi-3
£1,55007/240.31 miOxford Road, Reading, RG303
£1,55008/240.31 miOxford Road, Reading, RG303
£1,60002/240.32 mi-3
£1,65007/240.33 miGeorge Street, Reading, Berkshire, RG1 7NT3
£1,69503/250.33 mi-3
£1,75008/240.33 miFulmead road, Reading, RG303
£1,60007/240.33 miWilton Road, Reading, RG303
£1,75003/250.33 mi-3
£1,60007/240.33 miGeorge Street, Reading, Berkshire, RG13

Local Area Statistics

Population in RG30

43,410

Population in Reading

321,187

Town centre distance

0.95 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 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 £290,000

September 25, 2024

Listed for £300,000

July 16, 2024

Floor Plans

Description

  • Bay Fronted Victorian Mid-terrace +
  • Living Room +
  • Dining Room +
  • Kitchen +
  • Shower Room +
  • Three Separate Bedrooms +
  • Fully Enclosed Southerly Aspect Rear Garden +
  • No Onward Chain +

Sansome & George Reading - This three separate bedroom Victorian mid-terrace home is in need of modernisation throughout - located within 5 minutes walk of West Reading train station and a wealth of amenities. No onward chain.

Offered to the market with the advantage of 'No Onward Chain' is this popular and attractive 'bay fronted' Victorian mid-terrace house that is need of modernisation throughout. It is located just over 1 mile to the west of Reading town centre and within easy level walk of a wealth of services and amenities. These include Reading West train station, regular bus services, as well as gyms, green spaces, cafes, restaurants and pubs. In addition there are a range of supermarkets and various shops plus several schools, all being within under 10 minutes walk.

Complemented by an enclosed southerly aspect rear garden, this sought after home offers entrance hall with stairs to first floor and doors to two receptions rooms comprising living room with front aspect bay window and rear aspect dining room, kitchen, shower room. On the first floor, the landing gives access to three separate bedrooms, UPVC double glazed windows and gas fired central heating to radiators (n/t). The exterior consists of low maintenance southerly aspect rear garden. No onward chain.

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

Reading Borough Council - Band C

Agent Details

Sansome & George Residential Sales Ltd, Tilehurst

0118 230 5011

Next Steps?

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