3 Bed Semi-Detached House, Refurb/BRRR, Reading, RG1 4RD, £335,000

Boult Street, Reading, RG1 4RD - 15 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£240K - £655K
Sold Prices/m²£2.7K/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.6K/m²

Value Estimate

£345,050
BMV3%

 

 

End Value (After Refurb)

£390,433

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£15,500

Refurb Costs

£43,179

Bridging Loan Interest

£8,794

Total Cash In

£152,972

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£390,433

Mortgage (After Refinance)

£292,825

Mortgage LTV

75%

Cash Released

£41,575

Cash Left In

£111,398

Equity

£97,608

Rent Range

£663 - £4,900

Rent Estimate

£2,339

Running Costs/mo

£1,708

Cashflow/mo

£631

Cashflow/yr

£7,573

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £240K to £655K, average is £327.5K. £2.7K/m² to £5.8K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£325K04/210.1 mi33, St Johns Road, Reading RG1 4EB3
£370K07/230.14 mi53, Watlington Street, Reading RG1 4RF3
£311K08/230.36 mi66, Donnington Road, Reading RG1 5ND3
£280K02/210.36 mi34, Orts Road, Reading RG1 3JN3
£365K04/230.36 mi16, Upper Crown Street, Reading RG1 2SS3
£451K06/210.42 mi3, Whitby Drive, Reading RG1 5HW3
£240K07/210.45 mi1b, Hatherley Road, Reading RG1 5QA3
£376K05/230.45 mi24, Norwood Road, Reading RG1 3LD3
£293K09/210.46 mi2, Sherman Place, Reading RG1 2PL3
£413.3K08/220.46 mi1, Sherman Place, Reading RG1 2PL3
£450K05/230.47 mi124, Kendrick Road, Reading RG1 5DP3
£647.5K12/220.48 mi9, Avebury Square, Reading RG1 5JH3
£585.5K12/220.48 mi2, Avebury Square, Reading RG1 5JH3
£240K05/230.49 mi69, Cumberland Road, Reading RG1 3JT3
£358K07/230.5 mi82, Pell Street, Reading RG1 2NS3
£655K06/210.5 mi19, The Mount, Reading RG1 5HL3
£540K11/200.5 mi6, The Mount, Reading RG1 5HL3
£335K02/210.51 mi64, Carnarvon Road, Reading RG1 5SD3
£375K03/230.51 mi45, Henry Street, Reading RG1 2NW3
£293.5K03/210.51 mi39, Hill Street, Reading RG1 2NU3
£321.4K02/210.51 mi40, Edgehill Street, Reading RG1 2PX3
£315K04/210.51 mi34, Edgehill Street, Reading RG1 2PX3
£380K04/210.52 mi75, Carnarvon Road, Reading RG1 5SB3
£330K04/210.52 mi63, Carnarvon Road, Reading RG1 5SB3
£335K03/210.52 mi35, Edgehill Street, Reading RG1 2PU3
£275K12/200.52 mi85, Edgehill Street, Reading RG1 2PU3
£310K03/210.52 mi54, Henry Street, Reading RG1 2NN3
£300K06/230.54 mi31, School Terrace, Reading RG1 3LS3
£362K02/210.54 mi18, School Terrace, Reading RG1 3LS3
£310K03/210.54 mi18, Eastern Avenue, Reading RG1 5RY3
£312.5K06/210.54 mi11, Waldeck Street, Reading RG1 2RF3
£585K03/210.55 mi38, The Mount, Reading RG1 5HL3
£300K03/230.55 mi96, Addington Road, Reading RG1 5PX3
£265K08/210.55 mi31, Essex Street, Reading RG2 0EH3
£265K12/200.55 mi44, Essex Street, Reading, West Berkshire RG2 0EH3
£265K10/210.56 mi13, Francis Street, Reading RG1 2QB3
£316K11/200.56 mi47, Francis Street, Reading RG1 2QB3
£316K12/220.56 mi36, Francis Street, Reading RG1 2QB3
£305K04/210.56 mi63, Alpine Street, Reading RG1 2PY3
£287K12/200.56 mi52, Alpine Street, Reading RG1 2QA3
£388K10/220.57 mi3, School Terrace, Reading RG1 3LS3
£267.3K11/200.58 mi158, Cholmeley Road, Reading RG1 3LX3
£500K02/220.59 mi19a, Eastern Avenue, Reading RG1 5RU3
£460K01/220.59 mi168, Cholmeley Road, Reading RG1 3LX3
£330K07/230.6 mi35, Cholmeley Road, Reading RG1 3NQ3
£315K07/230.6 mi56, Cholmeley Road, Reading RG1 3NB3
£294K02/210.61 mi23, Elgar Road, Reading RG2 0BH3
£350K02/230.61 mi19, Elgar Road, Reading RG2 0BH3
£405K01/230.61 mi14, Elgar Road, Reading RG2 0BJ3
£400K06/210.61 mi1, Northumberland Avenue, Reading RG2 7PR3

Local Rents

48 rents from £663/mo to £4.9K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,50007/240.05 miWatlington Street, Reading, Berkshire, RG13
£1,59507/240.1 miSt. Johns Road, Reading, Berkshire, RG13
£1,99507/240.11 miThe Grove, Reading, Berkshire, RG13
£2,25008/240.12 miSt. Johns Hill, Reading, Berkshire3
£1,90007/240.13 mi-3
£2,18012/240.13 mi-3
£4,90008/240.16 mi-3
£4,90001/250.16 mi-3
£3,40002/240.16 mi-3
£3,30003/250.16 mi-3
£1,90007/240.17 miKennet Street, Reading, Berkshire, RG13
£2,50010/240.17 mi-3
£2,30010/240.17 mi-3
£2,00011/240.17 mi-3
£2,20007/240.17 miKennet Street, Reading, Berkshire, RG13
£1,90002/250.18 mi-3
£3,79503/250.19 mi-3
£3,79504/250.19 mi-3
£2,00001/250.21 mi-3
£1,70008/240.24 mi-3
£2,49507/240.27 miBlakes Quay, Gas Works Road, Reading, Berkshire, RG13
£2,95007/240.27 miGas Works Road Reading RG13
£2,50007/240.27 miBlakes Quay, Gas Works Road, Reading, Berkshire, RG13
£2,75007/240.27 miBlakes Quay, Gas Works Road, Reading, Berkshire, RG13
£3,01803/250.31 mi-3
£1,80004/250.32 mi-3
£1,90004/250.32 mi-3
£2,95002/250.33 mi-3
£2,40007/240.34 mi-3
£3,20008/240.34 mi-3
£3,20002/250.34 mi-3
£2,15008/240.34 miJoseph Huntley Walk, Reading, RG13
£2,40008/240.34 miJoseph Huntley Walk, Reading, RG13
£2,45007/240.34 miJoseph Huntley Walk, Reading, RG13
£2,45007/240.35 miJoseph Huntley Walk, Reading, RG13
£2,50008/240.35 miJoseph Huntley Walk, Reading, RG13
£1,80003/250.36 mi-3
£1,85008/240.36 miNewark Street, Reading3
£2,45008/240.37 miJoseph Huntley Walk, Reading, RG13
£1,50007/240.38 miDonnington Road, Reading, RG13
£1,99507/240.38 miIliffe Close,Reading3
£2,40007/240.39 miJoseph Huntley Walk, Reading, RG13
£1,60008/240.41 miHighgrove Street, Reading3
£1,75004/250.41 mi-3
£1,72504/250.41 mi-3
£66310/240.41 mi-3
£2,00007/240.42 mi-3
£1,60007/240.42 miBlenheim Road, Reading3

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £335,000

November 13, 2024

Floor Plans

Description

  • Three bedroom semi detached +
  • In need of complete refurbishment +
  • Three separate bedrooms +
  • Great investment opportunity +
  • Three minute walk to Royal Berks Hospital +
  • Half a mile to Reading centre +

A Victorian semi detached requiring full refurbishment - suitable for anyone looking for a project as this will need a new heating system, new electrics, replastering, new kitchen and bathroom plus associated jobs. The property has a 24ft living/dining room, kitchen, shower room, three separate bedrooms and a neat walled side garden. Great location - only a 3 minute walk to Royal Berkshire Hospital & approx. half a mile to Reading town centre
ENTRANCE HALL
Radiator, staircase to first floor with cupboard under housing fuse box
LIVING/DINING ROOM
This room was formerly two separate rooms which could be re-instated if required. Front aspect window with rear door to garden, three radiators, cast iron fireplace with decorative slips

KITCHEN
Door to garden, cupboards, through to:
SHOWER ROOM
Shower cubicle, w.c, wash hand basin
STAIRCASE TO FIRST FLOOR LANDING
Access to loft
BEDROOM ONE
Twin front aspect sash windows, cast iron fireplace, radiator
BEDROOM TWO
Rear aspect sash window, cast iron fireplace, radiator
BEDROOM THREE
Rear aspect sash window, fireplace, airing cupboard
GARDEN
The garden is set to the rear side of the house and is fully enclosed.
PARKING
A resdients parking scheme operates in this road through Reading Borough Council
TENURE
Freehold
SCHOOL CATCHMENT
New Town Primary School
The Bulmershe School
COUNCIL TAX
Band C
FREE MORTGAGE ADVICE
We are pleased to be able to offer the services of an Independent Mortgage Adviser who can access a variety of mortgage rates from leading Banks and Building Societies. For a free, no obligation discussion or quote, please contact Stuart Milton, our mortgage adviser, on
LOCATION
This image is for indicative purposes and cannot be relied upon as wholly correct

Agent Details

Farmer & Dyer, Caversham

0118 230 0637

Next Steps?

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