4 Bed HMO, Reading, RG2 0EL, £425,000

44 Basingstoke Road, Reading, RG2 0EL - 2 views - 6 months ago

Sold STC
HMO
ROI: 2%
113 m²
+7 photos

ValuationUndervalued

Sold Prices£165K - £925K
Sold Prices/m²£2.1K/m² - £5.7K/m²

 

 

Square Metres

113 m²
Price/m²£3.8K/m²

Value Estimate

£475,114
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Room Rate

£663

Gross Rent

£2,652

Running Costs/mo

£2,404

Cashflow/mo

£248

Cashflow/yr

£2,971

ROI

2%

Gross Yield

7%

Local Sold Prices

36 sold prices from £165K to £925K, average is £552.5K. £2.1K/m² to £5.7K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£435K05/210.13 mi8, Shenstone Road, Reading RG2 0DT4
£501K12/200.13 mi1a, Northumberland Avenue, Reading RG2 7PR4
£625K12/220.18 mi27, Northumberland Avenue, Reading RG2 7PS4
£445K12/200.2 mi25, Northumberland Avenue, Reading RG2 7PS4
£702K06/210.27 mi20, Lancaster Close, Reading RG1 5HB4
£515K11/200.3 mi16, Allcroft Road, Reading RG1 5HH4
£660K01/210.34 mi13, The Mount, Reading RG1 5HL4
£165K01/210.35 mi3, Mount Pleasant, Reading RG1 2TF4
£575K04/230.36 mi23, Cintra Close, Reading RG2 7AL4
£550K05/230.36 mi28, Cintra Close, Reading RG2 7AL4
£250K01/210.38 mi231, Newcastle Road, Reading RG2 7TW4
£500K06/210.39 mi1, Whitley Park Lane, Reading RG2 7BE4
£295K10/210.42 mi28, Alpine Street, Reading RG1 2QA4
£550K05/210.42 mi30, Cintra Close, Reading RG2 7AL4
£640K02/210.49 mi21, Marlborough Avenue, Reading RG1 5JB4
£645K03/230.5 mi25, Northcourt Avenue, Reading RG2 7HE4
£767.1K06/210.51 mi57, Northcourt Avenue, Reading RG2 7HE4
£675K01/210.53 mi62, Elmhurst Road, Reading RG1 5HY4
£682.5K04/210.62 mi36, Northcourt Avenue, Reading RG2 7HD4
£556.5K06/210.7 mi51, Holybrook Road, Reading RG1 6DG4
£418K03/210.7 mi17, Benson Close, Reading RG2 7LP4
£780K10/200.76 mi70, Northcourt Avenue, Reading RG2 7HQ4
£780K10/200.76 mi70, Northcourt Avenue, Reading RG2 7HQ4
£435K04/230.77 mi343, Basingstoke Road, Reading RG2 0JA4
£350K04/230.78 mi47, Hatherley Road, Reading RG1 5QE4
£412.5K03/210.79 mi26, Berkeley Avenue, Reading RG1 6JE4
£925K01/210.8 mi24, Alexandra Road, Reading RG1 5PE4
£474.3K12/200.82 mi37, Addington Road, Reading RG1 5PZ4
£450K12/220.83 mi40, Carsdale Close, Reading RG1 6DL4
£385K05/230.86 mi82, Blenheim Road, Reading RG1 5NQ4
£600K03/210.89 mi47, Coley Avenue, Reading RG1 6LL4
£775K08/220.9 mi41a, Coley Avenue, Reading RG1 6LL4
£555K09/220.91 mi1, Junction Road, Reading RG1 5SA4
£866K05/220.93 mi84, Eastern Avenue, Reading RG1 5SF4
£410K06/210.93 mi78, Eastern Avenue, Reading RG1 5SF4
£595.5K08/210.99 mi3, Eastern Avenue, Reading RG1 5RU4

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

0.77 miles away

Nearest school

0.20 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £425,000

October 7, 2024

Sold for £231,500

2012

Sold for £85,000

1998

Sold for £77,000

1997

Floor Plans

Description

  • Four/five bedroom house +
  • No onward chain +
  • HMO usage +
  • Two shower rooms +
  • 1.2 miles walk to Reading Station +
  • 0.6 miles to Royal Berkshire Hospital +

Basingstoke Road - Offered new to the market this large 4/5 bedroom house for sale. The property is being offered with no onward chain and benefits from 1/2 reception rooms, 4/5 bedrooms, kitchen, two shower rooms, downstairs WC, private rear garden with rear access, potential for off road parking to front, partially double glazed, gas central heating. The property is currently registered with Reading Council as an HMO. Located within 1.2 miles or Reading Station and 0.6 miles of Reading University.

Entrance Hall - Door to front, stairs to first floor landing, under stairs storage cupboard, radiator.

Dining Room/Bedroom - 3.30m x 4.06m max (10'10" x 13'4" max) - Double glazed window to front, radiator, storage cupboard.

Lounge - 4.09m x 3.51m (13'5" x 11'6") - Window to rear, radiator, under stairs storage cupboard.

Kitchen - 3.30m x 2.41m (10'10" x 7'11") - Stainless steel sink and drainer unit with mixer tap and cupboard below, a further range of eye and base level units with roll edge work surface and tiled surround, space and plumbing for washing machine and fridge/freezer, build in oven and four ring electric hob, wall mounted gas fired boiler, radiator, two windows to side.

Hall - Door to side.

Shower Room - Fully tiled shower cubicle with wall mounted shower unit, tiled walls and flooring, extractor.

Wc - Low level WC, wash hand basin, part tiled walls, radiator.

Landing - Stairs to second floor landing

Bedroom 1 - 4.09m x 4.06m max (13'5" x 13'4" max) - Double glazed bay window to front, radiator, storage cupboard.

Bedroom 2 - 3.53m x 2.64m (11'7" x 8'8") - Window to rear, radiator, airing cupboard.

Shower Room - Fully tiled shower cubicle with wall mounted shower unit, low level WC, pedestal wash hand basin, extractor, radiator.

Landing - Double glazed Velux window to rear, radiator.

Bedroom 3 - 3.76m x 2.77m (12'4" x 9'1") - Double glazed window to front, radiator, storage cupboard.

Bedroom 4 - 4.04m x 2.72m (13'3" x 8'11") - Double glazed window to rear, radiator, cold water tank.

Outside - Private rear garden, mainly lawn, rear access, brick built storage.

Courtyard garden to front with the potential to make into off road parking (subject to approval).

Agent Details

The Flatman Agency, Reading

0118 230 2860

Next Steps?

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