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6 Bed HMO, Reading, RG6 1QE, £600,000
15 College Road, Reading, RG6 1QE - 5 views - 4 months ago
HMO
ROI: 4%
157 m²





+5 photos
ValuationUndervalued
Sold Prices | £350K - £1.6M |
Sold Prices/m² | £2.9K/m² - £5.8K/m² |
| |
Square Metres | 157 m² |
Price/m² | £3.8K/m² |
Value Estimate | £636,760 |
BMV | 6% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £150,000 |
Stamp Duty & Legal Fees | £36,700 |
Total Cash In | £186,700 |
| |
Cash Out | |
Room Rate | £694 |
Gross Rent | £4,164 |
Running Costs/mo | £3,509 |
Cashflow/mo | £655 |
Cashflow/yr | £7,865 |
ROI | 4% |
Gross Yield | 8% |
Local Sold Prices
21 sold prices from £350K to £1.6M, average is £740K. £2.9K/m² to £5.8K/m², average is £3.8K/m².
Local Area Statistics
Population in RG6 | 35,930 |
Population in Reading | 321,187 |
Town centre distance | 1.40 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 1.17 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | -10% |
Sales demand | Seller's market |
Capital growth (5yrs) | +13% |
Property History
Listed for £600,000
November 22, 2024
Sold for £305,000
2009
Floor Plans

Description
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