4 Bed Detached House, Planning Permission, Wokingham, RG40 3NS, £865,000

Nine Mile Ride, Finchampstead, Wokingham, Berkshire, RG40 3NS - 7 months ago

Sold STC
Planning
~129 m²
+10 photos

ValuationOvervalued

Sold Prices£370K - £1.6M
Sold Prices/m²£3.3K/m² - £11.4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£6.7K/m²

Value Estimate

£577,686

 

 

End Value (After Refurb)

£775,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£216,250

Stamp Duty & Legal Fees

£57,900

Refurb Costs

£61,233

Bridging Loan Interest

£22,706

Total Cash In

£359,840

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£775,000

Mortgage (After Refinance)

£581,250

Mortgage LTV

75%

Cash Left In

£359,840

Equity

£193,750

Rent Range

£850 - £3,750

Rent Estimate

£2,421

Running Costs/mo

£2,926

Cashflow/mo

£-505

Cashflow/yr

£-6,061

Gross Yield

3%

Local Sold Prices

51 sold prices from £370K to £1.6M, average is £650K. £3.3K/m² to £11.4K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£625K11/200.05 mi278, Nine Mile Ride, Finchampstead, Wokingham RG40 3NT4
£630K12/200.05 mi272, Nine Mile Ride, Finchampstead, Wokingham RG40 3NT4
£1.1M03/210.06 mi12, Tomlinson Drive, Finchampstead, Wokingham RG40 3NZ4
£1.1M06/210.13 miOakwood, Kiln Ride Extension, Finchampstead, Wokingham RG40 3NU4
£890K12/220.18 mi251, Nine Mile Ride, Finchampstead, Wokingham RG40 3NY4
£890K12/220.18 mi251, Nine Mile Ride, Finchampstead, Wokingham RG40 3NY4
£925K05/230.28 mi80, Kiln Ride, Finchampstead, Wokingham RG40 3PH4
£475K03/230.29 mi15, Foxcote, Finchampstead, Wokingham RG40 3PG4
£735K11/200.31 mi12, Pine Drive, Finchampstead, Wokingham RG40 3LE4
£800K11/200.33 miWildside, Heath Ride, Finchampstead, Wokingham RG40 3QJ4
£1.6M01/210.33 miTulaig, Heath Ride, Finchampstead, Wokingham RG40 3QJ4
£737K04/210.33 miLittle Oaks, Heath Ride, Finchampstead, Wokingham RG40 3QJ4
£925K03/210.34 mi9, Windsor Ride, Finchampstead, Wokingham RG40 3LG4
£550K05/210.35 mi4, Birch Road, Finchampstead, Wokingham RG40 3LB4
£680K12/200.35 mi211, Nine Mile Ride, Wokingham RG40 3QA4
£600K08/210.35 mi221, Nine Mile Ride, Wokingham RG40 3QA4
£800K02/210.36 miFoxfield, Wick Hill Lane, Finchampstead, Wokingham RG40 3PY4
£566K12/200.39 mi368, Finchampstead Road, Finchampstead, Wokingham RG40 3LA4
£650K03/210.39 mi388, Finchampstead Road, Finchampstead, Wokingham RG40 3LA4
£800K12/200.43 miGarva, Tintagel Road, Finchampstead, Wokingham RG40 3JJ4
£495K04/210.49 mi27, Tickenor Drive, Finchampstead, Wokingham RG40 4UD4
£560K02/210.5 mi3, Cypress Close, Finchampstead, Wokingham RG40 3JW4
£540K11/200.51 mi15, Cambrian Way, Finchampstead, Wokingham RG40 3JF4
£575K12/220.52 mi35, Jerrymoor Hill, Finchampstead, Wokingham RG40 4UG4
£535K06/210.53 mi15, Radical Ride, Finchampstead, Wokingham RG40 4UH4
£520K01/210.54 mi136, Barkham Ride, Finchampstead, Wokingham RG40 4EL4
£765K09/210.57 mi5, Kiln Ride, Finchampstead, Wokingham RG40 3JN4
£450K04/210.58 mi43, Mornington Avenue, Finchampstead, Wokingham RG40 4UE4
£700K08/230.59 mi185, Nine Mile Ride, Finchampstead, Wokingham RG40 4JD4
£370K06/210.64 mi20, Arnett Avenue, Finchampstead, Wokingham RG40 4EG4
£977K09/210.66 mi10, Ashdale Park, Finchampstead, Wokingham RG40 3QS4
£745K02/210.67 mi3, The Bowers, Finchampstead, Wokingham RG40 3JX4
£655K02/210.67 mi12, Nash Grove Lane, Finchampstead, Wokingham RG40 4HD4
£752K02/210.67 mi20, Nash Grove Lane, Finchampstead, Wokingham RG40 4HD4
£725K09/210.68 mi56, Nash Grove Lane, Finchampstead, Wokingham RG40 4HD4
£430K04/230.69 mi35, Mccarthy Way, Finchampstead, Wokingham RG40 4UA4
£584K03/210.7 mi5, Elgarth Drive, Finchampstead, Wokingham RG40 4HH4
£723K06/210.72 miCypress, Gorse Ride North, Finchampstead, Wokingham RG40 4ES4
£650K07/230.72 miJahelga, Gorse Ride North, Finchampstead, Wokingham RG40 4ES4
£655K06/210.74 mi4, Watkins Close, Finchampstead, Wokingham RG40 4ER4
£825K06/210.77 mi37a, Nash Grove Lane, Finchampstead, Wokingham RG40 4HE4
£805K10/210.77 mi47, Nash Grove Lane, Finchampstead, Wokingham RG40 4HE4
£593K03/210.79 mi9a, Russley Green, Wokingham RG40 3HT4
£560K02/210.8 mi22, The Brambles, Crowthorne, Wokingham RG45 6EF4
£562.5K02/210.8 mi33, The Brambles, Crowthorne, Wokingham RG45 6EF4
£605K12/210.8 mi37, The Brambles, Crowthorne, Wokingham RG45 6EF4
£650K11/220.8 mi20, The Brambles, Crowthorne, Wokingham RG45 6EF4
£531K01/210.81 mi30, The Brambles, Crowthorne, Wokingham RG45 6EF4
£676.5K09/210.83 mi1, Copse Way, Finchampstead, Wokingham RG40 4EJ4
£570K03/210.84 mi22, Merryweather Close, Wokingham RG40 4YH4
£570K02/210.85 mi20, Charlton Close, Wokingham RG40 4YQ4

Local Rents

23 rents from £850/mo to £3.8K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,75012/240.14 mi-4
£2,85007/240.14 miKiln Ride Extension, Finchampstead, Wokingham, RG404
£3,00007/240.19 miKiln Ride Extension, Finchampstead, RG404
£2,75007/240.3 miFinchampstead, Wokingham4
£2,20007/240.4 miFoxcote, Finchampstead, Wokingham, Berkshire, RG403
£1,80007/240.52 miJerrymoor Hill, Finchampstead3
£1,75007/240.52 miJerrymoor Hill, Finchampstead, Wokingham, RG40 4UG3
£2,50007/240.57 miChallenor Close4
£2,00007/240.59 miFinchampstead Road, Finchampstead, Wokingham, RG403
£1,65806/240.63 mi-3
£1,60007/240.64 miArnett Avenue, Finchampstead, Wokingham, Berkshire, RG403
£2,55011/240.64 mi-5
£3,75007/240.64 miNine Mile Ride, Wokingham5
£3,50007/240.64 miNine Mile Ride, Wokingham5
£2,95007/240.7 miBarkham Ride, Finchampsted, RG404
£2,25007/240.79 miKelsey Avenue, Finchampstead, Wokingham, Berkshire, RG404
£2,25007/240.81 miThe Brambles, Crowthorne, Berkshire, RG454
£85003/250.86 mi-3
£2,39507/240.89 miWaverley Way, Finchampstead4
£2,75007/240.93 miFinchampstead4
£2,35007/241.01 miFernbank, Finchampstead4
£1,65008/241.14 miManor Road, Wokingham, RG413
£2,00009/241.21 miManor Road, Wokingham3

Local Area Statistics

Population in RG40

26,370

Population in Wokingham

54,769

Town centre distance

1.58 miles away

Nearest school

0.50 miles away

Nearest train station

1.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £865,000

September 4, 2024

Sold for £455,000

2011

Sold for £360,000

2005

Floor Plans

Description

  • 0.25 Acre Plot +
  • Three Garages +
  • Two Bathrooms +
  • Wood Burner +
  • Sunny Garden +
  • Gated Location +
  • Driveway for Eight Vehicles +
  • Planning Permission Granted +

Nestled off the Nine Mile Ride, in a leafy 0.25 acre plot, this non-estate family home currently adorns over 2200sqft and is now available for the first time in well over a decade.

This property has masses of potential and as such has the rare benefit of granted planning permission to convert the rear right hand side of the property into a larger-than-average kitchen/dining room, as well as a dormer extension for a double master bedroom with en-suite.
The owners have already initiated this planning permission by building a separate double garage, which can be admired as you pull onto the gated gravelled driveway which is spacious enough to host eight vehicles comfortably.

As you enter the property, you are greeted by a larger-than-average porch, whereby you can admire the rest of the open plan flow of the accommodation ahead. The dining room sits at the heart of the downstairs space and has the advantage of natural light and high ceilings. To the front of the property, there is a fourth bedroom with additional storage and sink which could be used as a study/playroom but due to the additional storage and sink. The living room spans over 19ft in length and not only benefits from dual aspect light but has a warming wood log burner to enjoy in the colder months. A pair of sliding patio doors will provide access to the rear garden. The ‘tardis like’ feeling continues throughout the right hand side of the ground floor with a boot room, a single integral garage with additional workshop to the rear, a downstairs cloakroom and large utility room all located here. Finally, to conclude the ground floor, there is a kitchen that overlooks the wonderful views of the garden with ample storage and worktop space. As mentioned previously, this space can be significantly improved with the relocation into the right hand side of the building.

Upstairs, there are three double bedrooms (with potential for four if someone wants to execute the planning). The two larger bedrooms look over the front of the plot and have additional advantage of multiple integrated wardrobes. This home benefits from two modern family bathrooms, one of which was formally a fourth ‘box bedroom’. Both are three-piece and the larger of the two has plenty of additional storage as well as a double shower tray.

The rear garden is the real ‘wow factor’ of this home and is one that will leave most people in awe. The garden is completely private and tree-lined, benefitting from tranquillity and maturity. The garden is mostly laid to lawn however, the owners have created two additional patio areas which are perfect for entertaining. Please do not be deceived by the North facing aspect of this home as this garden is absolutely sun-soaked all year round, as can be admired on the photos.

Despite its semi-rural location, Nine Mile Ride is well located to enjoy the local amenities. For instance, within strolling distance a small parade of shops including takeaways and a pharmacy can be found. California Country Park and The Ridges are right on the doorstep and for those who enjoy golf on the weekends can be safe in the knowledge there are multiple nearby options.

Agent Details

Prospect Estate Agency, Wokingham

0118 230 3875

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.