3 Bed Semi-Detached House, Refurb/BRRR, Reading, RG4 5LP, £400,000

All Hallows Road, Caversham, Reading, RG4 5LP - 2 views - 7 months ago

Sold STC
Refurb/BRRR
~93 m²
+12 photos

ValuationFair Value

Sold Prices£280K - £835K
Sold Prices/m²£3K/m² - £6.5K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£404,000

 

 

End Value (After Refurb)

£415,594

Uplift in Value

+4%

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

£415,594

Mortgage (After Refinance)

£311,695

Mortgage LTV

75%

Cash Released

£11,695

Cash Left In

£164,438

Equity

£103,898

Rent Range

£1,650 - £2,325

Rent Estimate

£1,740

Running Costs/mo

£1,667

Cashflow/mo

£73

Cashflow/yr

£879

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £280K to £835K, average is £392.5K. £3K/m² to £6.5K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£835K01/230.09 mi248, Henley Road, Caversham, Reading RG4 6LR3
£505K01/230.14 mi116, Mayfield Drive, Caversham, Reading RG4 5JT3
£492K01/230.16 mi127, Mayfield Drive, Caversham, Reading RG4 5JR3
£435K06/210.16 mi109, Mayfield Drive, Caversham, Reading RG4 5JR3
£400K11/200.16 mi105, Mayfield Drive, Caversham, Reading RG4 5JR3
£493K06/230.16 mi125, Mayfield Drive, Caversham, Reading RG4 5JR3
£580K03/230.17 mi104, Mayfield Drive, Caversham, Reading RG4 5JT3
£450K11/200.17 mi106, Mayfield Drive, Caversham, Reading RG4 5JT3
£500K01/230.2 mi84, Mayfield Drive, Caversham, Reading RG4 5JT3
£400K06/210.24 mi47, Mayfield Drive, Caversham, Reading RG4 5JP3
£432.5K11/210.24 mi45, Mayfield Drive, Caversham, Reading RG4 5JP3
£403K05/210.27 mi9, Pembroke Place, Caversham, Reading RG4 5HU3
£345K07/210.28 mi65, Lower Henley Road, Caversham, Reading RG4 5LD3
£387.5K01/210.28 mi9, Onslow Gardens, Caversham, Reading RG4 5HY3
£387.5K01/210.28 mi9, Onslow Gardens, Caversham, Reading RG4 5HY3
£385K03/210.29 mi11, Norman Road, Caversham, Reading RG4 5JN3
£475K02/230.31 mi80, Chiltern Road, Caversham, Reading RG4 5JB3
£345K05/210.31 mi2, Kildare Gardens, Caversham, Reading RG4 5JA3
£363K01/210.31 mi7, Kildare Gardens, Caversham, Reading RG4 5JA3
£511K03/210.32 mi48, Orchard Grove, Caversham, Reading RG4 6NF3
£480K10/210.33 mi12, Valentine Crescent, Caversham, Reading RG4 5JJ3
£415K05/210.34 mi10, Peel Close, Caversham, Reading RG4 5BL3
£293K11/220.34 mi47, Alston Walk, Caversham, Reading RG4 5DD3
£280K05/210.35 mi21, Lowfield Road, Caversham, Reading RG4 6NL3
£330K04/210.35 mi23, Lowfield Road, Caversham, Reading RG4 6NL3
£285K07/210.35 mi25, Lowfield Road, Caversham, Reading RG4 6NL3
£302.5K02/210.35 mi17, Lowfield Road, Caversham, Reading RG4 6NL3
£286K03/210.35 mi46, Rothwell Walk, Caversham, Reading RG4 5DB3
£350K04/230.35 mi46, Rothwell Walk, Caversham, Reading RG4 5DB3
£470K02/230.37 mi52, Chiltern Road, Caversham, Reading RG4 5JB3
£350K04/230.39 mi14, Lowfield Road, Caversham, Reading RG4 6PA3
£415K03/210.39 mi23, Donkin Hill, Caversham, Reading RG4 5DG3
£321K01/230.39 mi5, Donkin Hill, Caversham, Reading RG4 5DG3
£378.5K10/210.39 mi109, Chiltern Road, Caversham, Reading RG4 5HS3
£422.5K02/210.39 mi105, Chiltern Road, Caversham, Reading RG4 5HS3
£415K04/210.39 mi61, Chiltern Road, Caversham, Reading RG4 5HS3
£390K04/230.4 mi6, Eccles Close, Caversham, Reading RG4 5BJ3
£330K12/200.41 mi7, Highbridge Close, Caversham, Reading RG4 6PH3
£450K04/210.41 mi5, Highbridge Close, Caversham, Reading RG4 6PH3
£500K12/220.41 mi6, Highbridge Close, Caversham, Reading RG4 6PH3
£307K06/210.43 mi61, Amersham Road, Caversham, Reading RG4 5BP3
£395K05/230.45 mi14, Talbot Close, Caversham, Reading RG4 5BN3
£325K02/210.45 mi22, Keston Close, Caversham, Reading RG4 5DZ3
£435K07/230.45 mi25, Donegal Close, Caversham, Reading RG4 5DT3
£332.5K11/200.45 mi4, Donegal Close, Caversham, Reading RG4 5DT3
£351.5K04/210.45 mi25, Donegal Close, Caversham, Reading RG4 5DT3
£375K12/200.46 mi96, South View Avenue, Caversham, Reading RG4 5BB3
£375K06/210.46 mi16, Cawsam Gardens, Caversham, Reading RG4 5JE3
£436K01/230.46 mi132, Meadow Way, Caversham, Reading RG4 5LY3
£370K12/200.46 mi134, Meadow Way, Caversham, Reading RG4 5LY3

Local Rents

15 rents from £1.6K/mo to £2.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,75007/240.2 miMayfield Drive, Caversham, Reading3
£1,65001/250.25 mi-3
£1,75007/240.28 miOnslow Gardens, Caversham, Reading3
£2,00007/240.3 miAnglefield Road, Caversham, Reading, Berkshire, RG43
£1,75007/240.33 miValentine Crescent, Caversham, Reading, RG43
£1,75007/240.33 mi-3
£1,65012/240.41 miEccles Close, Caversham, Reading3
£2,32503/250.42 mi-3
£1,65007/240.5 miNewton Avenue, Caversham Park, Reading, Berkshire, RG43
£1,65002/250.5 mi-3
£1,85004/250.51 mi-3
£1,65007/240.52 miBriants Avenue, Caversham, Reading, Berkshire, RG43
£1,69512/240.53 miBriants Avenue3
£1,75012/240.56 miQuantock Avenue, Caversham, Reading, Berkshire, RG43
£1,75004/250.6 mi-3

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.65 miles away

Nearest school

0.10 miles away

Nearest train station

1.28 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

September 18, 2024

Floor Plans

Description

  • Semi-detached family home +
  • Full modernisation required +
  • Three bedrooms +
  • Two receptions +
  • Kitchen +
  • First floor bathroom +
  • Large secluded garden in the region of 150ft +
  • Driveway and parking +
  • Peaceful tree-lined road +
  • Caversham centre - 1 mile +

Three bedroom semi-detached home occupying a level extensive garden in the region of 150ft requiring modernisation throughout but providing an excellent opportunity to extend and enhance whilst situated in a peaceful tree-lined road approximately one mile from Caversham centre. No chain
ENTRANCE
Front door to
ENTRANCE HALL
With electric heater and airing cupboard
LIVING ROOM
With front aspect window, electric heater, gas fire, picture rails and understairs storage cupboard housing meters

DINING ROOM
With rear aspect French doors to garden, central tiled fireplace with real fire facility, picture rails, electric heater

KITCHEN
With sink unit, base and and eye level units, gas point for cooker, appliance space, side aspect window and kitchen side door, walk in larder cupboard with side aspect window

STAIRCASE FROM ENTRANCE HALL TO FIRST FLOOR LANDING
Access to loft space above
BEDROOM ONE
With front aspect window, gas point, picture rails, range of fitted wardrobes

BEDROOM TWO
With rear aspect window, electric heater, picture rails, covered fireplace
BEDROOM THREE
With rear aspect window, picture rails
BATHROOM
Bath, wash hand basin, W.C., matching tiles and side aspect window
REAR GARDEN
At the rear of the property are extensive level and secluded gardens with various trees and evergreens together with timber fenced enclosures extending in the region of 150ft with an easterly aspect. There are two externally accessed brick built storage cupboards adjacent to the property, and side access front to rear

OUTSIDE
The front of the property is entered via wrought iron gates with driveway providing off road parking, central lawned garden area and shrubbed borders
SCHOOL CATCHMENT
Micklands Primary School
Highdown School and Sixth Form Centre
COUNCIL TAX
Band C
FREE MORTGAGE ADVICE
We are pleased to be able to offer the services of an Independent Mortgage Adviser who can access a variety of mortgage rates from leading Banks and Building Societies. For a free, no obligation discussion or quote, please contact Stuart Milton, our mortgage adviser, on

Agent Details

Farmer & Dyer, Caversham

0118 230 0637

Next Steps?

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