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4 Bed Semi-Detached House, Single Let, Reading, RG2 0WR, £475,000

Drake Way, Reading, Berkshire, RG2 0WR - 3 views - 6 months ago

Sold STC
BTL
~129 m²
+17 photos

ValuationUndervalued

Sold Prices£165K - £775K
Sold Prices/m²£2.1K/m² - £6.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.7K/m²

Value Estimate

£528,736
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Rent Range

£1,400 - £5,000

Rent Estimate

£1,661

Running Costs/mo

£1,837

Cashflow/mo

£-176

Cashflow/yr

£-2,107

Gross Yield

4%

Local Sold Prices

50 sold prices from £165K to £775K, average is £497.5K. £2.1K/m² to £6.5K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£435K04/230.38 mi343, Basingstoke Road, Reading RG2 0JA4
£435K05/210.71 mi8, Shenstone Road, Reading RG2 0DT4
£365K06/210.81 mi7, Blandford Road, Reading RG2 8RA4
£445K12/200.82 mi25, Northumberland Avenue, Reading RG2 7PS4
£625K12/220.85 mi27, Northumberland Avenue, Reading RG2 7PS4
£368K11/210.87 mi7, Brayford Road, Reading RG2 8LT4
£250K01/210.93 mi231, Newcastle Road, Reading RG2 7TW4
£501K12/200.94 mi1a, Northumberland Avenue, Reading RG2 7PR4
£431K06/230.95 mi193, Hartland Road, Reading RG2 8DL4
£351K02/230.98 mi9, Spencer Road, Whitley Wood, Reading RG2 8TW4
£556.5K06/211 mi51, Holybrook Road, Reading RG1 6DG4
£385K10/211 mi503, Northumberland Avenue, Reading RG2 8LZ4
£385K12/201.01 mi68, Blandford Road, Reading RG2 8RW4
£450K12/221.01 mi40, Carsdale Close, Reading RG1 6DL4
£295K10/211.05 mi28, Alpine Street, Reading RG1 2QA4
£418K03/211.06 mi17, Benson Close, Reading RG2 7LP4
£412.5K03/211.09 mi26, Berkeley Avenue, Reading RG1 6JE4
£702K06/211.1 mi20, Lancaster Close, Reading RG1 5HB4
£590K12/201.1 mi5, Baydon Drive, Reading RG1 6JB4
£575K04/231.1 mi23, Cintra Close, Reading RG2 7AL4
£550K05/231.1 mi28, Cintra Close, Reading RG2 7AL4
£682.5K04/211.1 mi36, Northcourt Avenue, Reading RG2 7HD4
£767.1K06/211.11 mi57, Northcourt Avenue, Reading RG2 7HE4
£525K09/221.11 mi11, Hungerford Drive, Reading RG1 6JA4
£645K03/231.12 mi25, Northcourt Avenue, Reading RG2 7HE4
£590K11/201.12 mi6, Hungerford Drive, Reading RG1 6JA4
£500K06/211.12 mi1, Whitley Park Lane, Reading RG2 7BE4
£308K02/211.12 mi136, Whitley Wood Lane, Reading RG2 8PP4
£600K03/211.12 mi47, Coley Avenue, Reading RG1 6LL4
£340K11/211.13 mi44, Kingsley Close, Reading RG2 8TU4
£550K05/211.13 mi30, Cintra Close, Reading RG2 7AL4
£165K01/211.14 mi3, Mount Pleasant, Reading RG1 2TF4
£690K09/221.15 mi29, Hungerford Drive, Reading RG1 6JA4
£660K01/211.15 mi13, The Mount, Reading RG1 5HL4
£515K11/201.15 mi16, Allcroft Road, Reading RG1 5HH4
£600K10/211.15 mi16, Winser Drive, Reading RG30 3EQ4
£775K08/221.16 mi41a, Coley Avenue, Reading RG1 6LL4
£485K02/231.18 mi39, Portway Close, Reading RG1 6LB4
£610K12/221.18 mi51, Edenham Crescent, Reading RG1 6HU4
£495K02/211.18 mi64, Edenham Crescent, Reading RG1 6HU4
£355K02/211.19 mi21, Hazel Crescent, Reading RG2 7ND4
£405K04/211.21 mi142, Whitley Wood Road, Reading RG2 8JR4
£575K01/211.22 mi75, Kenilworth Avenue, Reading RG30 3DL4
£406K04/211.22 mi5, Hollydale Close, Reading RG2 8LL4
£575K05/211.23 mi4, Kenilworth Avenue, Reading RG30 3DN4
£640K02/211.24 mi21, Marlborough Avenue, Reading RG1 5JB4
£435K06/211.26 mi26, Tamarisk Avenue, Reading RG2 8JB4
£675K01/211.26 mi62, Elmhurst Road, Reading RG1 5HY4
£480K10/201.26 mi29, Monks Way, Reading RG30 3DP4
£358K04/211.27 mi18, Mitford Close, Reading, Wokingham RG2 8JQ4

Local Rents

50 rents from £1.4K/mo to £5K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£3,30002/240.06 mi-3
£3,30008/240.06 mi-3
£3,30008/240.06 mi-3
£3,20012/240.06 mi-3
£1,80011/240.07 mi-3
£5,00011/240.09 mi-4
£2,30004/250.09 mi-4
£2,00007/240.09 miGreenham Avenue, Reading, Berkshire, RG24
£3,50010/240.09 mi-3
£1,99508/240.09 miGreenham Avenue, Reading4
£1,85002/240.09 mi-3
£4,00007/240.09 mi-3
£1,99510/230.09 miGreenham Avenue, Reading, Berkshire, RG23
£4,11707/240.1 miWhale Avenue, Reading, Berkshire, RG24
£1,85009/240.1 mi-3
£2,00007/240.11 miWoolhampton Way, Reading, RG23
£1,95007/240.11 miWoolhampton Way, Reading, RG23
£2,00007/240.11 miGreenham Avenue, Reading4
£1,90009/240.11 miHavergate Way, Reading, RG23
£1,90009/240.11 mi-3
£1,90009/240.11 miHavergate Way, Kennet Island3
£2,10011/240.12 mi-4
£1,80008/240.13 miWoolhampton Way, Reading, Berkshire, RG23
£1,85010/240.17 mi-3
£1,95007/240.17 miWoolhampton Way, Reading, RG23
£1,70007/240.17 miSt. Agnes Way, Reading, Berkshire, RG23
£1,89508/240.17 miSt. Agnes Way, Kennet Island3
£2,00008/240.18 miGweal Avenue, Reading, Berkshire, RG23
£3,00008/240.18 mi-4
£3,20008/240.18 mi-4
£2,07508/240.18 mi-4
£2,00008/240.18 miGweal Avenue, Reading, Berkshire, RG23
£1,40007/240.18 miGweal Avenue, Kennet Island3
£2,00007/240.19 miGweal Avenue, Reading, Berkshire, RG23
£2,45010/230.23 miLongships Way, Reading, Berkshire, RG23
£1,70007/240.23 miKennet Island, Reading3
£1,69507/240.28 miFair Isle Way, Kennet Island3
£2,00007/240.3 miGweal Avenue, Reading, RG23
£2,00007/240.3 miLongships way, Kennet Island, RG23
£2,10007/240.32 miSunapee Road, Reading, Berkshire, RG23
£1,94007/240.36 miBasingstoke Road, Reading, Berkshire, RG2 0JQ4
£1,94007/240.36 miBasingstoke Road, Reading4
£1,75007/240.36 miBasingstoke Rd, Reading3
£1,65007/240.39 miBasingstoke Road, Reading, Berkshire, RG23
£2,25007/240.39 mi4 BEDROOM- Basingstoke Road, Reading4
£1,80007/240.45 miBasingstoke Road, Reading, RG23
£1,80007/240.45 mi-3
£1,60007/240.46 miTavistock Road, Reading, Berkshire, RG23
£1,70012/240.47 mi-3
£1,85012/240.47 mi-3

Links

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

1.38 miles away

Nearest school

0.40 miles away

Nearest train station

1.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £475,000

October 24, 2024

Floor Plans

Description

  • Four Double Bedrooms +
  • Spacious Living Room/Dining Room +
  • Contemporary Fitted Kitchen +
  • Family Bathroom & Ensuite Shower Room +
  • Low Maintenance South Facing Garden +
  • Two Allocated Off Street Parking Spaces +
  • Ideally located for the amenities and transport links of Reading town centre +

* ANOTHER SALE AGREED FROM A SUCCESSFUL OPEN HOUSE *

A beautifully presented and spacious family home within the sought-after Kennet Island development.

The property benefits from having four double bedrooms, with the fourth bedroom currently being used as an additional reception room, fitted wardrobes, a lovely kitchen, two bathrooms (one en suite shower room), living/dining room, downstairs cloakroom as well as plenty of light throughout the house. The low maintenance garden is paved with an area of astroturf lawn and a shed, with two allocated parking spaces directly in front of the house.

There is a regular bus service into Reading town centre and the popular cafe, Fidget & Bob and the Hilton Hotel with its fitness facilities are only a short walk away. An early viewing is highly recommended to avoid disappointment.

Agent Details

Romans, Reading

0118 230 5271

Next Steps?

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

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