4 Bed Terraced House, Planning Permission, Reading, RG1 2RB, £370,000

Southampton Street, Reading, RG1 2RB - 1 views - 6 months ago

Sold STC
Planning
~129 m²
+6 photos

ValuationUndervalued

Sold Prices£165K - £925K
Sold Prices/m²£2.1K/m² - £6.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.9K/m²

Value Estimate

£381,100
BMV3%

 

 

End Value (After Refurb)

£515,233

Uplift in Value

+39%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£92,500

Stamp Duty & Legal Fees

£25,700

Refurb Costs

£60,012

Bridging Loan Interest

£9,713

Total Cash In

£189,675

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£515,233

Agent Fees (1%)

£5,152

Bridging Loan

£277,500

Bridging Loan Interest

£9,713

Flip Profit

£42,906

Local Sold Prices

39 sold prices from £165K to £925K, average is £550K. £2.1K/m² to £6.5K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£165K01/210.05 mi3, Mount Pleasant, Reading RG1 2TF4
£295K10/210.2 mi28, Alpine Street, Reading RG1 2QA4
£515K11/200.27 mi16, Allcroft Road, Reading RG1 5HH4
£702K06/210.35 mi20, Lancaster Close, Reading RG1 5HB4
£501K12/200.35 mi1a, Northumberland Avenue, Reading RG2 7PR4
£435K05/210.42 mi8, Shenstone Road, Reading RG2 0DT4
£660K01/210.42 mi13, The Mount, Reading RG1 5HL4
£625K12/220.46 mi27, Northumberland Avenue, Reading RG2 7PS4
£445K12/200.5 mi25, Northumberland Avenue, Reading RG2 7PS4
£575K04/230.51 mi23, Cintra Close, Reading RG2 7AL4
£550K05/230.51 mi28, Cintra Close, Reading RG2 7AL4
£500K06/210.55 mi1, Whitley Park Lane, Reading RG2 7BE4
£556.5K06/210.57 mi51, Holybrook Road, Reading RG1 6DG4
£550K05/210.58 mi30, Cintra Close, Reading RG2 7AL4
£640K02/210.59 mi21, Marlborough Avenue, Reading RG1 5JB4
£675K01/210.63 mi62, Elmhurst Road, Reading RG1 5HY4
£412.5K03/210.64 mi26, Berkeley Avenue, Reading RG1 6JE4
£250K01/210.64 mi231, Newcastle Road, Reading RG2 7TW4
£925K01/210.65 mi24, Alexandra Road, Reading RG1 5PE4
£645K03/230.7 mi25, Northcourt Avenue, Reading RG2 7HE4
£767.1K06/210.71 mi57, Northcourt Avenue, Reading RG2 7HE4
£450K12/220.73 mi40, Carsdale Close, Reading RG1 6DL4
£775K08/220.74 mi41a, Coley Avenue, Reading RG1 6LL4
£385K05/230.74 mi82, Blenheim Road, Reading RG1 5NQ4
£600K03/210.74 mi47, Coley Avenue, Reading RG1 6LL4
£350K04/230.75 mi47, Hatherley Road, Reading RG1 5QE4
£474.3K12/200.77 mi37, Addington Road, Reading RG1 5PZ4
£385K02/210.82 mi27, Sackville Street, Reading RG1 1NT4
£555K09/220.85 mi1, Junction Road, Reading RG1 5SA4
£682.5K04/210.86 mi36, Northcourt Avenue, Reading RG2 7HD4
£485K02/230.89 mi39, Portway Close, Reading RG1 6LB4
£595.5K08/210.9 mi3, Eastern Avenue, Reading RG1 5RU4
£630K06/230.9 mi31, Downshire Square, Reading RG1 6NH4
£505K11/220.9 mi8, Downshire Square, Reading RG1 6NH4
£866K05/220.92 mi84, Eastern Avenue, Reading RG1 5SF4
£410K06/210.92 mi78, Eastern Avenue, Reading RG1 5SF4
£725K02/220.96 mi21, Downshire Square, Reading RG1 6NN4
£418K03/210.96 mi17, Benson Close, Reading RG2 7LP4
£590K12/200.97 mi5, Baydon Drive, Reading RG1 6JB4

Local Rents

50 rents from £663/mo to £4.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,72504/250.02 mi-3
£1,75004/250.02 mi-3
£66310/240.05 mi-3
£3,00007/240.06 miReading, Reading, RG14
£3,00007/240.06 mi-4
£4,50007/240.06 mi-4
£1,65007/240.07 miWaldeck Street, Reading, Berkshire3
£1,80007/240.07 miSouthampton Street, Reading, RG14
£1,80007/240.07 mi-4
£1,87512/240.07 mi-4
£1,45007/240.08 miWaldeck Street, Reading, RG13
£1,60008/240.08 miHighgrove Street, Reading3
£1,80004/250.09 mi-3
£2,20007/240.1 miAlpine Street, Reading, Berkshire, RG1 2PZ4
£1,45007/240.11 miHighgrove Street, Reading, Berkshire, RG13
£1,40007/240.12 miEdgehill Street, Reading3
£1,99507/240.12 miIliffe Close,Reading3
£1,80002/250.12 mi-3
£1,29507/240.13 miSherman Road, Reading, RG13
£3,00007/240.14 miSpring Terrace, Reading5
£1,55003/250.15 mi-3
£4,21508/240.15 mi-3
£4,21508/240.15 mi-3
£1,50008/240.15 mi-3
£2,80007/240.15 mi-3
£2,20007/240.16 miEssex Street, Reading4
£1,59507/240.16 miCollis Street, Reading, RG23
£1,59508/240.16 mi-3
£3,89507/240.16 mi-3
£3,32510/240.16 mi-3
£3,32504/250.16 mi-3
£1,60009/240.16 miCollis Street, Reading, RG23
£1,60009/240.16 mi-3
£1,89504/250.17 mi-3
£1,85008/240.17 miNewark Street, Reading3
£1,50012/240.18 mi-3
£1,47504/250.18 mi-3
£1,80004/250.18 mi-3
£1,50007/240.2 miAlpine Street, Reading, RG13
£2,00011/240.2 mi-4
£1,60007/240.2 miAlpine Street, Reading, Berkshire, RG14
£4,18510/240.2 mi-3
£4,18512/240.2 mi-3
£3,95004/250.2 mi-3
£1,99508/240.21 miSailcloth Close, Reading4
£1,99508/240.21 miSailcloth Close, Reading4
£1,80007/240.22 miHill Street, Reading, Berkshire, RG13
£1,75004/250.22 mi-3
£1,50007/240.23 miFrancis Street, Reading, Berkshire, RG13
£1,45007/240.23 miFrancis Street, Reading, Berkshire, RG13

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.47 miles away

Nearest school

0.20 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Price changed to £370,000

January 23, 2025

Listed for £379,000

October 28, 2024

Floor Plans

Description

  • Freehold +
  • Private Garden +
  • Lucrative Investment +
  • Close to Town Centre +
  • High Yield +
  • Sizeable 4 bedroom +

Galaxy Real Estate proudly presents this spacious, beautifully renovated four-storey terraced house located on Southampton Street in Reading, an ideal choice for families or professionals seeking flexible and modern living. This charming home, available for rent at £1,850 per month, has undergone extensive renovations, enhancing its style and functionality. The property can be rented fully furnished, allowing tenants to move in hassle-free, or as vacant possession for those with their own furnishings.

The ground floor introduces a welcoming layout that flows through to a modern, fully-equipped kitchen, perfect for entertaining or daily family life. The property offers flexible living spaces across its four levels, making it easy to adapt to various needs, whether for a home office, guest room, or additional family areas.

Adding to the appeal is a private garden, a serene outdoor space ideal for relaxation or small gatherings. The property also has potential for further extension (subject to planning permission), making it a perfect option for those looking to add even more space and value.

Located conveniently in Reading, close to transport links, local amenities, and vibrant city life, this home combines both charm and practicality for a truly comfortable and stylish lifestyle.

Services:
Mains gas
Mains water
Mains drainage
Mains electricity
Central heating powered by gas

The available broadband connection is Ultrafast-Fibre to the premises (FTTP), according to data gathered from Ofcom.

Coverage of mobile phones
We advise prospective customers to visit the Ofcom website "Broadband and mobile coverage checker" to see an indication of specific speeds and supply of broadband and mobile.

Yield on Rental

We think the going rate for a furnished rental

Agent Details

Galaxy Real Estate, Hayes

020 3840 3636

Next Steps?

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

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