7 Bed HMO, Reading, RG2 9FP, £750,000

17 Pascal Crescent, Reading, Wokingham, RG2 9FP - 7 views - 8 months ago

Sold STC
HMO
ROI: 5%
~217 m²
+13 photos

ValuationUndervalued

Sold Prices£308K - £835K
Sold Prices/m²£2.5K/m² - £6.1K/m²

 

 

Square Metres

~217 m²
Price/m²£3.5K/m²

Value Estimate

£920,041
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£48,700

Total Cash In

£236,200

 

 

Cash Out

 

Room Rate

£765

Gross Rent

£5,355

Running Costs/mo

£4,371

Cashflow/mo

£984

Cashflow/yr

£11,805

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £308K to £835K, average is £526K. £2.5K/m² to £6.1K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£490K11/200 mi26, Pascal Crescent, Shinfield, Reading, Wokingham RG2 9FP4
£442.5K03/210 mi32, Pascal Crescent, Shinfield, Reading, Wokingham RG2 9FP4
£517K08/210.12 mi26, Aphelion Way, Shinfield, Reading, Wokingham RG2 9FR4
£405K08/210.15 mi8, Greenwich Road, Shinfield, Reading, Wokingham RG2 9FJ4
£358K04/210.21 mi18, Mitford Close, Reading, Wokingham RG2 8JQ4
£405K04/210.21 mi142, Whitley Wood Road, Reading RG2 8JR4
£670K01/210.34 mi32, Ryhill Way, Lower Earley, Reading, Wokingham RG6 4AZ4
£760K07/230.35 mi3, Kimpton Close, Lower Earley, Reading, Wokingham RG6 4AX4
£640K03/210.35 mi15, Ryhill Way, Lower Earley, Reading, Wokingham RG6 4AZ4
£770K10/220.38 mi22, Coningham Road, Reading, Wokingham RG2 8QP4
£535K10/200.41 mi9, Pattinson Road, Reading, Wokingham RG2 8QJ4
£385K10/210.42 mi503, Northumberland Avenue, Reading RG2 8LZ4
£565K03/210.44 mi2, Salmond Road, Reading, Wokingham RG2 8QN4
£406K04/210.46 mi5, Hollydale Close, Reading RG2 8LL4
£800K02/210.47 miKelsta Li, Brookers Hill, Shinfield, Reading, Wokingham RG2 9BX4
£390K02/210.48 mi1, Dove Close, Lower Earley, Reading, Wokingham RG6 4HU4
£540K07/230.48 mi4, Treeton Close, Lower Earley, Reading, Wokingham RG6 4HT4
£675K11/220.49 mi21, Monarch Drive, Shinfield, Reading, Wokingham RG2 9EW4
£502K03/210.49 mi87, Hilmanton, Lower Earley, Reading, Wokingham RG6 4HN4
£780K05/230.49 mi16, Hilmanton, Lower Earley, Reading, Wokingham RG6 4HN4
£610K06/210.49 mi6, Hilmanton, Lower Earley, Reading, Wokingham RG6 4HN4
£385K12/200.5 mi68, Blandford Road, Reading RG2 8RW4
£735K06/210.5 miMartingales, Halls Lane, Shinfield, Reading, Wokingham RG2 9BD4
£431K06/230.51 mi193, Hartland Road, Reading RG2 8DL4
£595K06/210.52 mi29, Worrall Way, Lower Earley, Reading, Wokingham RG6 4AW4
£425K05/210.54 mi365, Old Whitley Wood Lane, Reading, Wokingham RG2 8PY4
£368K11/210.54 mi7, Brayford Road, Reading RG2 8LT4
£771K02/210.54 mi12, Cutbush Lane, Shinfield, Reading, Wokingham RG2 9AH4
£835K12/220.56 mi116, Hilmanton, Lower Earley, Reading, Wokingham RG6 4HJ4
£540K01/210.56 mi100, Hilmanton, Lower Earley, Reading, Wokingham RG6 4HJ4
£425K01/210.59 mi1, Falcon Avenue, Reading, Wokingham RG2 8EL4
£308K02/210.59 mi136, Whitley Wood Lane, Reading RG2 8PP4
£353K06/210.59 mi27, Lexington Grove, Reading RG2 8UG4
£435K06/210.59 mi26, Tamarisk Avenue, Reading RG2 8JB4
£620K01/230.61 mi2, Kendall Avenue, Shinfield, Reading, Wokingham RG2 9AR4
£608K06/210.61 mi9, Notton Way, Lower Earley, Reading, Wokingham RG6 4AJ4
£365K06/210.61 mi7, Blandford Road, Reading RG2 8RA4
£587K07/230.63 mi2, Tinsley Close, Lower Earley, Reading, Wokingham RG6 4AN4
£654K06/210.67 mi10, Tiptree Close, Lower Earley, Reading, Wokingham RG6 4HS4
£351K02/230.71 mi9, Spencer Road, Whitley Wood, Reading RG2 8TW4
£415K08/210.72 mi8, Skylark Way, Shinfield, Reading, Wokingham RG2 9AJ4
£555K09/210.72 mi14, Coriander Way, Earley, Reading, Wokingham RG6 5YG4
£550K02/230.73 mi6, Basil Close, Earley, Reading, Wokingham RG6 5GL4
£700K03/210.74 mi42, Oatlands Road, Shinfield, Reading, Wokingham RG2 9DN4
£630K01/210.74 mi50, Oatlands Road, Shinfield, Reading, Wokingham RG2 9DN4
£470K03/210.74 mi77, Oatlands Road, Shinfield, Reading, Wokingham RG2 9DN4
£710K02/230.75 mi77, Oatlands Road, Shinfield, Reading, Wokingham RG2 9DN4
£425K05/230.75 mi38, Wheatfields Road, Shinfield, Reading, Wokingham RG2 9DG4
£495K02/210.75 mi2, Wheatfields Road, Shinfield, Reading, Wokingham RG2 9DG4
£418K02/210.75 mi8, Wheatfields Road, Shinfield, Reading, Wokingham RG2 9DG4

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

2.50 miles away

Nearest school

0.30 miles away

Nearest train station

2.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £750,000

August 2, 2024

Sold for £554,350

2007

Floor Plans

Description

  • Six/Seven Bedrooms +
  • No Onward Chain +
  • Detached Family Home +
  • Double Garage +
  • Off-Road Parking +
  • Good-Sized Rear Garden +

Offered to the market with no onward chain is this six/seven bedroom detached house. Currently set up as a HMO generating £64,260 per annum. Situated in South Reading which gives easy access to a wide range of local amenities including schools, shops, transport links and the Reading Town Centre.

Offering spacious accommodation comprising: entrance hallway, WC, living room, family room, kitchen dining room and bedroom 7. The first floor holds four bedrooms, two of which with their own en suites, and an additional family bathroom, with two further bedrooms and a bathroom on the second floor.

Externally, there is a good-sized garden, while to the front there is off-street parking and a double garage. Viewing is recommended.

Council Tax Band G (Reading Borough Council)

We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 for a seller and £75 for a buyer (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.

Agent Details

Parkers, Reading

0118 230 6420

Next Steps?

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