2 Bed Terraced House, Refurb/BRRR, Reading, RG1 2RF, £270,000

111 Waldeck Street, Reading, RG1 2RF - 13 views - 6 months ago

Refurb/BRRR
ROI: 4%
56 m²
+5 photos

ValuationOvervalued

Sold Prices£205K - £452K
Sold Prices/m²£2.8K/m² - £5.6K/m²

 

 

Square Metres

56 m²
Price/m²£4.8K/m²

Value Estimate

£238,000

 

 

End Value (After Refurb)

£254,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£26,000

Bridging Loan Interest

£7,088

Total Cash In

£112,638

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£254,000

Mortgage (After Refinance)

£190,500

Mortgage LTV

75%

Cash Left In

£112,638

Equity

£63,500

Rent Range

£1,200 - £1,800

Rent Estimate

£1,460

Running Costs/mo

£1,106

Cashflow/mo

£354

Cashflow/yr

£4,251

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £205K to £452K, average is £286K. £2.8K/m² to £5.6K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£306.5K04/230.06 mi26, Waldeck Street, Reading RG1 2RE2
£254K03/210.06 mi128, Waldeck Street, Reading RG1 2RE2
£252.5K03/230.06 mi97, Waldeck Street, Reading RG1 2RF2
£265K05/230.06 mi81, Waldeck Street, Reading RG1 2RF2
£285K05/230.07 mi95, Edgehill Street, Reading RG1 2PU2
£253.5K01/210.07 mi45, Edgehill Street, Reading RG1 2PU2
£233K06/210.07 mi87, Edgehill Street, Reading RG1 2PU2
£325K02/230.08 mi22, Collis Street, Reading RG2 0AE2
£342.5K03/230.1 mi41, Collis Street, Reading RG2 0AE2
£315K12/220.1 mi31, Collis Street, Reading RG2 0AE2
£295K03/210.1 mi10, Collis Street, Reading RG2 0AE2
£263.1K03/230.12 mi66, Mount Pleasant, Reading RG1 2TD2
£295K05/230.12 mi72, Mount Pleasant, Reading RG1 2TD2
£287K02/210.13 mi64, Highgrove Street, Reading RG1 5EN2
£250K11/200.13 mi18, Chesterman Street, Reading RG1 2PR2
£254K09/210.14 mi11, Chesterman Street, Reading RG1 2PR2
£240K11/200.14 mi85, Highgrove Street, Reading RG1 5EJ2
£254K04/230.15 mi70, Sherman Road, Reading RG1 2PP2
£292K01/210.15 mi74, Sherman Road, Reading RG1 2PP2
£290K02/210.15 mi66, Sherman Road, Reading RG1 2PP2
£315K03/230.15 mi82, Sherman Road, Reading RG1 2PP2
£300K02/230.15 mi45, Sherman Road, Reading RG1 2PP2
£288K03/230.15 mi23, Hill Street, Reading RG1 2NU2
£327.5K12/210.17 mi60, Alpine Street, Reading RG1 2QA2
£315K11/210.18 mi67, Alpine Street, Reading RG1 2PY2
£350K04/210.21 mi158, Elgar Road, Reading RG2 0BN2
£390K12/220.21 mi190, Elgar Road, Reading RG2 0BN2
£305K08/210.22 mi22, Francis Street, Reading RG1 2QB2
£296K06/210.22 mi12, Sherman Road, Reading RG1 2PJ2
£285K11/200.22 mi44, Sherman Road, Reading RG1 2PJ2
£271K05/210.22 mi7, Sherman Road, Reading RG1 2PJ2
£280K02/210.23 mi14, Swainstone Road, Reading RG2 0DX2
£452K02/230.23 mi30, Elgar Road, Reading RG2 0BJ2
£205K10/200.24 mi6, Pell Street, Reading RG1 2NZ2
£295K01/210.33 mi12, Henry Street, Reading RG1 2NN2
£233K10/210.39 mi90, Wolseley Street, Reading RG1 6AY2
£275K11/210.45 mi38, Brook Street West, Reading RG1 6BB2
£275K11/200.46 mi105, Wolseley Street, Reading RG1 6AY2
£280K10/210.48 mi103, Wolseley Street, Reading RG1 6AZ2
£238K09/210.48 mi93, Wolseley Street, Reading RG1 6AZ2
£221.9K10/200.48 mi51, Wolseley Street, Reading RG1 6AZ2
£255K02/210.48 mi59, Wolseley Street, Reading RG1 6AZ2
£250.1K02/230.48 mi99, Wolseley Street, Reading RG1 6AZ2
£280K03/210.49 mi27, Lincoln Road, Reading RG2 0EX2
£300K01/210.5 mi5, Church Terrace, Reading RG1 6AS2
£316K03/230.53 mi9, St Saviours Terrace, Reading RG1 6AT2
£326.5K11/210.55 mi10, Queens Cottages, Reading RG1 4BE2
£250K10/210.56 mi28, Princes Street, Reading RG1 4EG2
£360.5K02/230.56 mi37, Princes Street, Reading RG1 4EG2
£297.5K10/210.57 mi71, Field Road, Reading RG1 6AP2

Local Rents

50 rents from £1.2K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30007/240.05 miWaldeck Street, Reading2
£1,40007/240.05 miWaldeck Street, Reading, RG12
£1,40007/240.06 miWaldeck Street, Reading, Berkshire, RG12
£1,35008/240.06 miWaldeck Street, Reading, Berkshire, RG12
£1,32508/240.06 miWaldeck Street, Reading, Berkshire, RG12
£1,35007/240.07 miWaldeck Street, Reading, RG12
£1,50008/240.08 miEdgehill Street, Reading,N/A
£1,67509/240.08 mi-2
£1,67508/240.08 miWaldeck Street, Reading, RG12
£1,37501/250.08 mi-2
£1,45003/250.09 mi-2
£1,40003/250.09 mi-2
£1,45007/240.1 miCollis Street, Reading, Berkshire, RG2 0AE2
£1,35007/240.1 miAlpine Street, Reading, RG12
£1,25007/240.1 miAlpine Street, Reading, RG1 2PZ2
£1,30007/240.1 miAlpine Street, Reading, Berkshire, RG1 2PZ2
£1,30008/240.11 miAlpine Street, Reading, RG12
£1,30008/240.11 mi-2
£1,35007/240.12 miSouthampton Street, Reading, Berkshire, RG12
£1,20011/240.12 mi-2
£1,60007/240.13 miHighgrove St., Reading2
£1,80007/240.15 miSouthampton Street, Reading, Berkshire, RG12
£1,45002/250.15 mi-2
£1,30008/240.15 miHill Street, Reading, Berkshire, RG12
£1,30007/240.15 miHill Street, Reading, Berkshire, RG12
£1,45011/240.15 mi-2
£1,72510/240.15 mi-2
£1,29507/240.15 mi2 Bedroom Flat- Tippett Rise, Reading2
£1,25010/230.15 miLynden Mews, Dale Road, Reading, Berkshire, RG22
£1,65008/240.15 miHighgrove St, Reading2
£1,35007/240.15 miSherman Road, Reading, Berkshire, RG12
£1,45007/240.16 miHighgrove Street, Reading, Berkshire, RG12
£1,40009/240.16 mi-2
£1,40007/240.16 miMount Pleasant, Reading, RG12
£1,40009/240.16 mi-2
£1,45002/250.16 mi-2
£1,50002/250.17 mi-2
£1,50009/240.17 miIliffe Close, Reading, Berkshire, RG12
£1,65008/240.17 miAveley House, Iliffe Close, Reading2
£1,50012/240.17 mi-2
£1,50010/240.17 mi-2
£1,35008/240.18 miAveley House, Iliffe Close, Reading, RG12
£1,40007/240.18 miAveley House, Iliffe Close, Reading, Berkshire, RG12
£1,45007/240.18 miAveley House, Iliffe Close, Reading, Berkshire, RG12
£1,50007/240.18 miAveley House, READING RG1 2QF2
£1,50007/240.18 miAveley House, READING RG1 2QF2
£1,45001/250.18 mi-2
£1,45007/240.2 mi-2
£1,65008/240.2 mi-2
£1,65007/240.2 miElgar Road, Reading, RG22

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.50 miles away

Nearest school

0.20 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £270,000

October 7, 2024

Sold for £155,000

2006

Sold for £60,000

1998

Sold for £46,500

1997

Sold for £40,000

1996

Floor Plans

Description

  • Central Reading +
  • Period terrace home +
  • Two bedrooms +
  • Two separate reception rooms +
  • Bathroom +
  • Kitchen +
  • Enclosed gardens +
  • No chain +
  • In need of modernisation +

Property Description

Set within the heart of the Town Centre is this two bedroom period home with two reception rooms, kitchen, bathroom, access to rear garden. No onward chain complications and being in need of some improvement.

Property Details

Video Viewings:
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Agent Details

Chancellors, Reading

0118 230 1565

Next Steps?

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