3 Bed Semi-Detached House, Refurb/BRRR, Reading, RG4 9LD, £400,000

11 ROWAN CLOSE, SONNING COMMON, READING, OXFORDSHIRE, RG4 9LD - 2 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+17 photos

ValuationFair Value

Sold Prices£287.5K - £789.3K
Sold Prices/m²£3.7K/m² - £9.8K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£408,000

 

 

End Value (After Refurb)

£473,511

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£43,183

Bridging Loan Interest

£10,500

Total Cash In

£176,133

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£473,511

Mortgage (After Refinance)

£355,133

Mortgage LTV

75%

Cash Released

£55,133

Cash Left In

£121,000

Equity

£118,378

Rent Range

£895 - £4,400

Rent Estimate

£2,043

Running Costs/mo

£1,908

Cashflow/mo

£135

Cashflow/yr

£1,616

ROI

1%

Gross Yield

6%

Local Sold Prices

30 sold prices from £287.5K to £789.3K, average is £467.5K. £3.7K/m² to £9.8K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£330K02/230.02 mi18, Rowan Close, Sonning Common, Reading, Oxfordshire RG4 9LD3
£341K07/230.07 mi13, Lea Road, Sonning Common, Reading, Oxfordshire RG4 9LH3
£395K06/210.09 mi32, Lea Road, Sonning Common, Reading, Oxfordshire RG4 9LJ3
£465K03/210.11 mi21, Birch Close, Sonning Common, Reading, Oxfordshire RG4 9LE3
£301K05/210.12 mi10, Elm Court, Sonning Common, Reading, Oxfordshire RG4 9ND3
£550K06/210.13 mi1, Westleigh Drive, Sonning Common, Reading, Oxfordshire RG4 9LA3
£358K11/200.16 mi15, Maple Close, Sonning Common, Reading, Oxfordshire RG4 9NG3
£550K02/230.25 mi32, Crowsley Way, Sonning Common, Reading, Oxfordshire RG4 9LY3
£640K11/200.25 mi12, Green Lane, Sonning Common, Reading, Oxfordshire RG4 9NA3
£287.5K01/210.31 mi14, Brinds Close, Sonning Common, Reading, Oxfordshire RG4 9SR3
£295K06/210.31 mi2, Brinds Close, Sonning Common, Reading, Oxfordshire RG4 9SR3
£435K06/230.32 mi26, Ashford Avenue, Sonning Common, Reading, Oxfordshire RG4 9LR3
£472K04/210.37 mi15, Bramley Crescent, Sonning Common, Reading, Oxfordshire RG4 9LU3
£428.1K06/210.41 mi69, Orchard Avenue, Sonning Common, Reading, Oxfordshire RG4 9LT3
£478.5K05/230.41 mi40, Orchard Avenue, Sonning Common, Reading, Oxfordshire RG4 9LT3
£580K03/210.41 mi2, Bird Wood Court, Sonning Common, Reading, Oxfordshire RG4 9RF3
£385K10/200.43 mi53, Peppard Road, Sonning Common, Reading, Oxfordshire RG4 9SS3
£450K11/200.44 mi50, Churchill Crescent, Sonning Common, Reading, Oxfordshire RG4 9RX3
£485K05/210.44 mi48, Churchill Crescent, Sonning Common, Reading, Oxfordshire RG4 9RX3
£565K01/210.44 mi6, Churchill Crescent, Sonning Common, Reading, Oxfordshire RG4 9RX3
£789.3K06/230.44 mi32, Woodlands Road, Sonning Common, Reading, Oxfordshire RG4 9TE3
£350K05/210.46 mi57, Churchill Crescent, Sonning Common, Reading, Oxfordshire RG4 9RU3
£365K11/200.48 mi31, Park Close, Sonning Common, Reading, Oxfordshire RG4 9RY3
£577.5K06/230.51 mi28, Newfield Road, Sonning Common, Reading, Oxfordshire RG4 9TB3
£640K02/230.6 mi11, Old Copse Gardens, Sonning Common, Reading, Oxfordshire RG4 9TH3
£517K09/210.62 mi17, Shiplake Bottom, Peppard Common, Henley-on-thames, Oxfordshire RG9 5HH3
£470K02/240.62 mi19, Shiplake Bottom, Peppard Common, Henley-on-thames, Oxfordshire RG9 5HH3
£460K08/230.78 mi73, Shiplake Bottom, Peppard Common, Henley-on-thames, Oxfordshire RG9 5HJ3
£550K08/230.84 mi116, Shiplake Bottom, Peppard Common, Henley-on-thames, Oxfordshire RG9 5HR3
£625K08/220.88 miHope Cottage, Gallowstree Road, Peppard Common, Henley-on-thames, Oxfordshire RG9 5JB3

Local Rents

50 rents from £895/mo to £4.4K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£97507/240.15 miWood Lane, Sonning Common, RG42
£1,85012/240.18 miIlex Close, Sonning Common3
£1,20007/240.24 miPages Orchard, Sonning Common, Oxfordshire, RG42
£1,80007/240.32 miBay Tree Rise, Sonning Common, Oxfordshire, RG42
£2,00007/240.32 miBay Tree Rise, Sonning Common, Reading3
£2,75010/230.35 miHeatherfield Place, Sonning Common, Reading, Berkshire, RG44
£1,60012/240.39 miSonning Common, South Oxfordshire, RG43
£1,89507/240.4 miWoodlands Road, Sonning Common, Reading, RG43
£1,89507/240.4 mi-3
£1,20001/250.43 mi-2
£1,70007/240.43 miSedgewell Road, Sonning Common, RG93
£1,60012/240.46 miChurchill Crescent, Sonning Common, Reading, Berkshire, RG43
£2,25012/240.68 miBird In Hand Lane, Sonning Common, RG44
£1,49512/240.68 miCraysleaze, Kidmore End, Reading2
£1,40003/250.71 mi-3
£4,40012/240.71 mi-4
£4,40004/250.71 mi-4
£1,40007/240.77 miShiplake Bottom, Peppard, Henley-On-Thames, Oxfordshire, RG92
£3,49512/240.87 miGardeners Copse, Sonning Common, Reading, RG44
£3,25007/241.11 miHorsepond Road, Gallowstree Common, Oxfordshire, RG44
£1,80012/241.14 miBishopsland Cottages, Bishopsland, Dunsden, Reading, RG43
£2,30012/241.69 miPhillimore Road4
£1,85012/241.76 mi-3
£1,75007/241.78 miColmore Lane, Kingwood, Henley-on-Thames, Oxfordshire, RG92
£2,00012/241.85 mi-3
£3,50007/242.03 miDetached Coach House3
£2,49012/242.04 mi-5
£2,50012/242.06 miYarnton Close, Emmer Green, Reading4
£2,50012/242.1 miChalgrove Way, Emmer Green, Reading4
£2,50012/242.11 miYarnton Close, Emmer Green, Reading4
£3,25003/252.13 mi-5
£1,25007/242.14 mi-1
£1,25007/242.14 miGlenrhondda, Emmer Green, Reading, RG41
£1,30012/242.14 mi-1
£3,50007/242.2 miOat Close, Rotherfield Greys, Henley-On-Thames, Oxfordshire, RG94
£2,50012/242.23 miHorse Leys, Rotherfield Greys, Henley On Thames, Oxfordshire, RG93
£1,65012/242.24 mi-3
£1,60002/242.25 mi-2
£1,30004/252.26 mi-2
£1,65007/242.28 miBellingham Walk3
£2,20002/242.28 mi-3
£1,99512/242.28 miConisboro Avenue, Caversham3
£1,50011/242.31 mi-2
£1,85012/242.31 miCarisbrooke Close, Caversham Park, Reading3
£89512/242.33 miGeoffreyson Road, Caversham, Reading, Berkshire, RG41
£1,30007/242.34 miLowfield Road2
£2,85012/242.34 miEmmer Green Court, Reading, Berkshire2
£2,25007/242.35 miLowfield Road, Caversham4
£3,00012/242.39 mi-4
£1,30012/242.4 miQueensway, Caversham, Reading2

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

4.26 miles away

Nearest school

0.10 miles away

Nearest train station

3.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £400,000

August 27, 2024

Floor Plans

Description

  • Semi detached house +
  • Three bedrooms +
  • Open plan living and dining room +
  • Driveway, garage and garden +
  • Quiet cul de sac location +
  • In need of modernisation throughout +

In need of modernisation, this three bedroom semi-detached house has a private garden, driveway and garage. Located in a quiet cul de sac in the village of Sonning Common, the property includes an open plan reception room, separate kitchen, downstairs w.c. and upstairs bathroom. EPC Rating E.

LOCAL INFORMATION
The property is located on Rowan Close, a residential cul de sac, located centrally in Sonning Common village which is a thriving village located in the Oxfordshire countryside. It includes an extensive range of amenities including a chemist, vet, shops, post office, village hall, library and an award winning health centre.

Local state primary schools include Peppard, Sonning Common and Kidmore End, all of which are rated either good or outstanding by Ofsted. State secondary schools include Chiltern Edge and Gillotts. Fee paying schools include Rupert House and St Marys Prep, Shiplake College, Cranford House, The Oratory, Reading Blue Coat, Moulsford (boys), Wycombe Abbey and Queen Anne's School, Caversham (girls).

The historic riverside town of Henley-on-Thames (4 miles) has superb facilities including a supermarket, a fine variety of shops and is home to the world famous Henley Royal Regatta.

ACCOMMODATION
The house is in need of modernisation and could become a comfortable family home. The main open plan living and dining room is double length. There is a window to the front and sliding door to the garden. The kitchen is separate and square with built in storage and appliances and an additional door to the garden. The ground floor also includes a guest w.c. Upstairs there are three bedrooms, some with built in storage, and a family bathroom.

OUTSIDE SAPCE
At the front, the property has it's own paved driveway and front lawn. The driveway leads to a garage with access through it to the garden beyond.

The rear garden is mainly laid to lawn and includes a shed for storage.

ADDITIONAL INFORMATION
South Oxfordshire District Council, tax band D. All mains services connected.

CONVEYANCING

We work with DT Conveyancing to help you buy your property with confidence. Your dedicated conveyancer will keep you informed at every stage from start to finish. Making your move a stress-free and straightforward as possible.

MORTGAGES

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Exclusive deals are made available to Embrace Financial Services by PRIMIS Mortgage Network, to which Embrace Financial Services are an Appointed Representative

Davis Tate Limited is an Introducer Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

Embrace Financial Services Ltd. is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.

LETTINGS and MANAGEMENT

We offer a complete range of services for Landlords, from fully managed lets to advertising only. Each Landlord who chooses full management has a personal Property Manager and all our fees are based on a ‘no let - no fee’ basis.

DISCLAIMER

These particulars are a general guide only. They do not form part of any contract. Services, systems and appliances have not been tested.

BUYERS INFORMATION

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 including VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Davis Tate.

DHE230244/

Agent Details

Davis Tate, Henley

01491 527546

Next Steps?

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