3 Bed Semi-Detached House, Planning Permission, Reading, RG4 5JS, £490,000

Mayfield Drive, Caversham, Reading, RG4 5JS - 7 months ago

Planning
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£286K - £835K
Sold Prices/m²£3.2K/m² - £7.9K/m²

 

 

Square Metres

~93 m²
Price/m²£5.3K/m²

Value Estimate

£440,006

 

 

End Value (After Refurb)

£470,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£122,500

Stamp Duty & Legal Fees

£40,200

Refurb Costs

£43,183

Bridging Loan Interest

£12,863

Total Cash In

£220,496

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£470,000

Mortgage (After Refinance)

£352,500

Mortgage LTV

75%

Cash Left In

£220,496

Equity

£117,500

Rent Range

£1,500 - £2,485

Rent Estimate

£1,878

Running Costs/mo

£1,864

Cashflow/mo

£14

Cashflow/yr

£164

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £286K to £835K, average is £407.5K. £3.2K/m² to £7.9K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£500K01/230.04 mi84, Mayfield Drive, Caversham, Reading RG4 5JT3
£400K06/210.04 mi47, Mayfield Drive, Caversham, Reading RG4 5JP3
£432.5K11/210.04 mi45, Mayfield Drive, Caversham, Reading RG4 5JP3
£580K03/230.05 mi104, Mayfield Drive, Caversham, Reading RG4 5JT3
£450K11/200.05 mi106, Mayfield Drive, Caversham, Reading RG4 5JT3
£387.5K01/210.06 mi9, Onslow Gardens, Caversham, Reading RG4 5HY3
£387.5K01/210.06 mi9, Onslow Gardens, Caversham, Reading RG4 5HY3
£435K06/210.07 mi109, Mayfield Drive, Caversham, Reading RG4 5JR3
£400K11/200.07 mi105, Mayfield Drive, Caversham, Reading RG4 5JR3
£493K06/230.07 mi125, Mayfield Drive, Caversham, Reading RG4 5JR3
£492K01/230.07 mi127, Mayfield Drive, Caversham, Reading RG4 5JR3
£403K05/210.09 mi9, Pembroke Place, Caversham, Reading RG4 5HU3
£345K05/210.09 mi2, Kildare Gardens, Caversham, Reading RG4 5JA3
£363K01/210.09 mi7, Kildare Gardens, Caversham, Reading RG4 5JA3
£385K03/210.1 mi11, Norman Road, Caversham, Reading RG4 5JN3
£505K01/230.1 mi116, Mayfield Drive, Caversham, Reading RG4 5JT3
£475K02/230.11 mi80, Chiltern Road, Caversham, Reading RG4 5JB3
£480K10/210.13 mi12, Valentine Crescent, Caversham, Reading RG4 5JJ3
£470K02/230.16 mi52, Chiltern Road, Caversham, Reading RG4 5JB3
£378.5K10/210.18 mi109, Chiltern Road, Caversham, Reading RG4 5HS3
£422.5K02/210.18 mi105, Chiltern Road, Caversham, Reading RG4 5HS3
£415K04/210.18 mi61, Chiltern Road, Caversham, Reading RG4 5HS3
£345K07/210.22 mi65, Lower Henley Road, Caversham, Reading RG4 5LD3
£415K03/210.25 mi23, Donkin Hill, Caversham, Reading RG4 5DG3
£321K01/230.25 mi5, Donkin Hill, Caversham, Reading RG4 5DG3
£375K06/210.25 mi16, Cawsam Gardens, Caversham, Reading RG4 5JE3
£435K07/230.28 mi25, Donegal Close, Caversham, Reading RG4 5DT3
£332.5K11/200.28 mi4, Donegal Close, Caversham, Reading RG4 5DT3
£351.5K04/210.28 mi25, Donegal Close, Caversham, Reading RG4 5DT3
£358K11/200.29 mi11, Moss Close, Caversham, Reading RG4 5HH3
£420K07/230.29 mi11, Moss Close, Caversham, Reading RG4 5HH3
£325K02/210.3 mi22, Keston Close, Caversham, Reading RG4 5DZ3
£835K01/230.32 mi248, Henley Road, Caversham, Reading RG4 6LR3
£375K12/200.32 mi96, South View Avenue, Caversham, Reading RG4 5BB3
£390K04/230.33 mi6, Eccles Close, Caversham, Reading RG4 5BJ3
£410K05/210.34 mi21, Field View, Caversham, Reading RG4 5HB3
£385K09/210.34 mi29, Field View, Caversham, Reading RG4 5HB3
£405K01/210.34 mi25, Field View, Caversham, Reading RG4 5HB3
£525K07/230.34 mi22, Greystoke Road, Caversham, Reading RG4 5EL3
£415K05/210.36 mi10, Peel Close, Caversham, Reading RG4 5BL3
£435K08/230.36 mi89, Briants Avenue, Caversham, Reading RG4 5BA3
£485K11/200.37 mi5, Grosvenor Road, Caversham, Reading RG4 5EJ3
£460K12/200.37 mi7a, Grosvenor Road, Caversham, Reading RG4 5EJ3
£385.1K11/200.38 mi35, Ellesmere Close, Caversham, Reading RG4 5HG3
£485K06/230.38 mi35, Ellesmere Close, Caversham, Reading RG4 5HG3
£286K03/210.38 mi46, Rothwell Walk, Caversham, Reading RG4 5DB3
£350K04/230.38 mi46, Rothwell Walk, Caversham, Reading RG4 5DB3
£610K04/210.39 mi21, The Horse Close, Emmer Green, Reading RG4 8TT3
£385K12/200.39 mi45, Briants Avenue, Caversham, Reading RG4 5AS3
£335K03/210.39 mi30, Briants Avenue, Caversham, Reading RG4 5AS3

Local Rents

25 rents from £1.5K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,75007/240.05 miMayfield Drive, Caversham, Reading3
£1,75007/240.06 miOnslow Gardens, Caversham, Reading3
£1,75007/240.14 miValentine Crescent, Caversham, Reading, RG43
£1,75007/240.14 mi-3
£2,00007/240.19 miAnglefield Road, Caversham, Reading, Berkshire, RG43
£1,65012/240.34 miEccles Close, Caversham, Reading3
£1,65001/250.41 mi-3
£1,65002/250.43 mi-3
£1,65007/240.43 miBriants Avenue, Caversham, Reading, Berkshire, RG43
£2,48507/240.44 mi-3
£2,28507/240.44 mi-3
£2,18501/250.44 mi-3
£2,28507/240.44 miThe Horse Close, Reading, RG43
£1,69512/240.45 miBriants Avenue3
£2,32504/250.45 mi-3
£1,95012/240.47 miPeppard Road, Caversham3
£1,75012/240.54 miNotley Place, Emmer Green, Reading3
£2,35007/240.54 miNotley Place, Emmer Green3
£2,00007/240.54 mi2 Notley Place3
£1,65007/240.56 miNewton Avenue, Caversham Park, Reading, Berkshire, RG43
£1,50004/250.56 mi-3
£1,75012/240.58 miQuantock Avenue, Caversham, Reading, Berkshire, RG43
£1,59501/250.59 mi-3
£1,59512/240.61 miKings Road3
£1,95002/240.62 mi-3

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.56 miles away

Nearest school

0.20 miles away

Nearest train station

1.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £490,000

September 21, 2024

Floor Plans

Description

  • Semi detached house +
  • Three bedrooms +
  • Modern bathroom +
  • Two reception rooms +
  • Good sized kitchen +
  • Driveway and off road parking +
  • Good sized rear garden +
  • Planning permission granted for extension +
  • Council tax band D +
  • EPC rating D +

Offering easy access to the center of Caversham is this well presented semi detached house with the potential to extend (PLANNING PERMISSION GRANTED) The property boasts three bedrooms and a stylish bathroom in the first floor. On the ground floor there are two reception rooms and good sized kitchen. To the rear there is an easy to maintain garden with a raised decked area that is perfect for those summer BBQ's. To the front there is driveway parking for several cars. To appreciate the space on offer call now to view.

Entrance Hall - A good sized entrance hall with understairs storage, stairs to the first floor and doors to:

Dining Room - 4.55m x 3.58m (14'11 x 11'9) - A spacious, carpeted dining room with a large bay window overlooking the front of the property.

Living Room - 3.63m x 3.28m (11'11 x 10'9) - A comfortable, carpeted living room with patio doors leading to the garden.

Kitchen - 3.63m x 2.41m (11'11 x 7'11) - Sizeable kitchen with ample wall and base units, roll top work surfaces, tiled floor, pantry cupboard, built in oven, gas hob, extractor, fridge freezer and space for the washing machine. A window overlooking the side of the property and door to the attractive garden.

Landing - Carpeted landing with window to the front of the property and doors to:

Bedroom One - 4.55m x 2.54m (14'11 x 8'4) - A large, carpeted double bedroom with a bay window overlooking the front of the property and extensive built in wardrobes.

Bedroom Two - 3.76m x 3.63m (12'4 x 11'11) - A very good sized double with a lot of built in wardrobe space and a large window overlooking the garden.

Bedroom Three - 2.39m x 2.16m (7'10 x 7'1) - Carpeted bedroom with window overlooking the garden.

Bathroom - Spacious and light bathroom with multiple built in cupboards, tiled floor, bath with wall mounted storage, WC and frosted window to the rear.

Garden - A very good sized garden with lawn, patio and gravelled border, leading to three good sized shed, two of which have power.

Services - Water: Mains
Drainage: Mains
Electric: Mains
Heating: Gas

Mobile Phone: The vendor is not aware of any specific restrictions on mobile phone coverage

Broadband. Superfast, obtained from Ofcom

Planning Permission - Planning permission granted 11/1/2021 for a ground floor rear extension. Planning is valid for 3 years from this date. Planning number 211670

Front Garden - Parking and space to the front of the property with side access leading to the garden.

Agent Details

Nicholas Estate Agents, Caversham

0118 230 1760

Next Steps?

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