3 Bed Semi-Detached House, Refurb/BRRR, Reading, RG30 2SF, £400,000

Wantage Road, Reading, Berkshire, RG30 2SF - 7 views - 5 months ago

Refurb/BRRR

Planning

ROI: 1%

~93 m²

+5 photos

ValuationOvervalued

Sold Prices	£219.5K - £490K
Sold Prices/m²	£2.6K/m² - £4.9K/m²

Square Metres	~93 m²
Price/m²	£4.3K/m²
Value Estimate	£343,202£343,202

End Value (After Refurb)	£355,000£355,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£24,700£24,700
Refurb Costs	£43,186£43,186
Bridging Loan Interest	£10,500£10,500
Total Cash In	£180,136£180,136

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£355,000£355,000
Mortgage (After Refinance)	£266,250£266,250
Mortgage LTV	75%75%
Cash Left In	£180,136£180,136
Equity	£88,750£88,750
Rent Range	£1,300 - £1,995£1,300 - £1,995
Rent Estimate	£1,605
Running Costs/mo	£1,450£1,450
Cashflow/mo	£155£155
Cashflow/yr	£1,856£1,856
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £219.5K to £490K, average is £308K. £2.6K/m² to £4.9K/m², average is £3.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£350K	02/23	0.01 mi	49, Wantage Road, Reading RG30 2SN	£3,933	89	3	Semi-Detached House
£445K	12/22	0.01 mi	144, Wantage Road, Reading RG30 2SF	£3,726	119	3	Semi-Detached House
£310K	02/23	0.05 mi	45, Wilson Road, Reading RG30 2RT	£3,974	78	3	Terraced House
£425K	03/23	0.08 mi	10, Tofrek Terrace, Reading RG30 2JS	-	-	3	Terraced House
£344K	04/21	0.08 mi	7, Tofrek Terrace, Reading RG30 2JS	£3,406	101	3	Semi-Detached House
£327K	03/21	0.09 mi	8, Wilton Road, Reading RG30 2SS	-	-	3	Semi-Detached House
£312.3K	04/23	0.09 mi	5, Wilton Road, Reading RG30 2SS	£3,953	79	3	Terraced House
£300K	02/23	0.11 mi	29, Wantage Road, Reading RG30 2SH	-	-	3	Terraced House
£335K	03/23	0.13 mi	44, Wilson Road, Reading RG30 2RN	£3,988	84	3	Semi-Detached House
£300K	07/21	0.13 mi	21, Richmond Road, Reading RG30 2SP	£4,918	61	3	Terraced House
£300K	09/21	0.15 mi	24, Hilcot Road, Reading RG30 2SX	£2,679	112	3	Terraced House
£283K	02/21	0.16 mi	164, Wantage Road, Reading RG30 2SJ	-	-	3	Detached House
£345K	09/21	0.16 mi	76, Kensington Road, Reading RG30 2SY	£4,083	84	3	Semi-Detached House
£325K	10/20	0.17 mi	20, Westbourne Terrace, Reading RG30 2RP	£3,963	82	3	Semi-Detached House
£360K	06/23	0.17 mi	4, Suffolk Road, Reading RG30 2EH	£3,913	92	3	Terraced House
£305K	02/23	0.17 mi	28, Kensington Road, Reading RG30 2SY	£3,389	90	3	Terraced House
£270K	12/20	0.19 mi	4, Rutland Road, Reading RG30 2EL	£2,872	94	3	Terraced House
£292K	01/21	0.19 mi	8, Rutland Road, Reading RG30 2EL	£3,842	76	3	Semi-Detached House
£400K	09/21	0.2 mi	48, Waverley Road, Reading RG30 2PY	-	-	3	Semi-Detached House
£490K	02/23	0.21 mi	54, Waverley Road, Reading RG30 2PY	-	-	3	Semi-Detached House
£265K	12/20	0.21 mi	4, Chester Street, Reading RG30 1LR	£2,650	100	3	Terraced House
£290K	04/21	0.22 mi	171, Beecham Road, Reading RG30 2RB	£3,706	78	3	Terraced House
£350K	03/23	0.22 mi	81, Beecham Road, Reading RG30 2RB	£4,167	84	3	Terraced House
£335K	11/21	0.22 mi	18, Kent Road, Reading RG30 2EJ	£4,085	82	3	Terraced House
£473K	03/23	0.23 mi	102, Waverley Road, Reading RG30 2PY	£4,750	100	3	Semi-Detached House
£375K	05/23	0.24 mi	82, Sherwood Street, Reading RG30 1LF	£4,688	80	3	Terraced House
£270K	08/21	0.24 mi	88, Sherwood Street, Reading RG30 1LF	£3,600	75	3	Terraced House
£297.5K	05/21	0.25 mi	166, Beecham Road, Reading RG30 2RE	-	-	3	Semi-Detached House
£285K	01/23	0.25 mi	70, Sherwood Street, Reading RG30 1LF	-	-	3	Terraced House
£305K	03/23	0.26 mi	30, Elm Park Road, Reading RG30 2TN	£3,861	79	3	Terraced House
£285K	09/21	0.27 mi	160, Belmont Road, Reading RG30 2UX	£3,654	78	3	Terraced House
£325K	04/23	0.27 mi	139, Belmont Road, Reading RG30 2UY	£3,963	82	3	Terraced House
£306K	07/23	0.27 mi	163, Belmont Road, Reading RG30 2UY	£3,778	81	3	Terraced House
£219.5K	11/20	0.28 mi	15, Elm Park Road, Reading RG30 2TP	£3,181	69	3	Terraced House
£300K	06/23	0.28 mi	34, Prince Of Wales Avenue, Reading RG30 2UH	-	-	3	Terraced House
£290K	01/23	0.28 mi	26, Prince Of Wales Avenue, Reading RG30 2UH	-	-	3	Terraced House
£268K	10/21	0.28 mi	120, Sherwood Street, Reading RG30 1LE	£3,775	71	3	Terraced House
£310K	02/23	0.28 mi	12, Rylstone Road, Reading RG30 1LN	£4,306	72	3	Semi-Detached House
£280K	03/21	0.29 mi	10, Rylstone Road, Reading RG30 1LN	£3,294	85	3	Semi-Detached House
£315K	06/21	0.29 mi	28, Gloucester Road, Reading RG30 2TH	£3,237	97	3	Terraced House
£300K	04/21	0.29 mi	7, Aberford Close, Reading RG30 2NX	£4,348	69	3	Detached House
£300K	03/21	0.29 mi	12, Aberford Close, Reading RG30 2NX	-	-	3	Terraced House
£315K	06/23	0.29 mi	90, St Georges Road, Reading RG30 2RH	£4,252	74	3	Terraced House
£342.5K	02/23	0.3 mi	31, St Georges Road, Reading RG30 2RG	£3,474	99	3	Terraced House
£275K	05/21	0.3 mi	40, Chester Street, Reading RG30 1LP	£3,560	77	3	Terraced House
£280K	04/23	0.3 mi	56, Chester Street, Reading RG30 1LP	£3,590	78	3	Terraced House
£335K	06/21	0.31 mi	207, Cranbury Road, Reading RG30 2XA	£4,160	81	3	Terraced House
£403K	12/22	0.31 mi	200, Waverley Road, Reading RG30 2QG	-	-	3	Semi-Detached House
£337K	07/23	0.32 mi	72, Shaftesbury Road, Reading RG30 2QJ	-	-	3	Terraced House
£253K	01/21	0.32 mi	4, Dorset Street, Reading RG30 1JU	£3,163	80	3	Terraced House

Local Rents

51 rents from £1.3K/mo to £2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	07/24	0.09 mi	Wilson Road, Reading, Berkshire, RG30	3	Terraced House
£1,700	07/24	0.09 mi	-	3	Terraced House
£1,600	02/24	0.1 mi	-	3	Terraced House
£1,600	07/24	0.1 mi	Wilton Road, Reading, RG30	3	Terraced House
£1,950	07/24	0.12 mi	St. Georges Road, Reading, RG30	3	Terraced House
£1,400	07/24	0.15 mi	Factory Place, Wilson Road, Reading, Berkshire, RG30	3	Terraced House
£1,650	07/24	0.15 mi	-	3	Terraced House
£1,400	07/24	0.16 mi	Kensington Road, Reading, RG30	3	Terraced House
£1,525	07/24	0.17 mi	Kensington Road, Reading	3	Terraced House
£1,700	07/24	0.17 mi	Wantage Road, READING RG30 2SL	3	Detached House
£1,600	07/24	0.18 mi	Elm Park, Reading, Berkshire, RG30	3	Detached House
£1,550	08/24	0.18 mi	-	3	Terraced House
£1,550	07/24	0.18 mi	Oxford Road, Reading, RG30	3	Terraced House
£1,550	09/24	0.18 mi	-	3	Terraced House
£1,550	08/24	0.18 mi	Oxford Road, Reading, RG30	3	Terraced House
£1,950	07/24	0.21 mi	Waverley Road, Reading, Berkshire, RG30	3	Semi-Detached House
£1,600	03/25	0.21 mi	-	3	Detached House
£1,500	08/24	0.22 mi	Three Bedroom House- Prince Of Wales Avenue, Reading	3	Terraced House
£1,400	07/24	0.22 mi	Cranbury Road, Reading, RG30	3	Terraced House
£1,695	07/24	0.22 mi	Beecham Road	3	Terraced House
£1,470	03/25	0.22 mi	-	3	Terraced House
£1,995	02/24	0.23 mi	-	3	Terraced House
£1,495	07/24	0.23 mi	Kent Road, Reading	3	Terraced House
£1,550	07/24	0.23 mi	Waverley Road, Reading, RG30	3	Terraced House
£1,500	01/25	0.23 mi	-	3	Terraced House
£1,550	07/24	0.23 mi	Windrush Way, Reading, Berkshire, RG30	3	Terraced House
£1,400	09/24	0.24 mi	-	3	Flat
£1,400	10/24	0.24 mi	-	3	Flat
£1,400	10/24	0.24 mi	-	3	Flat
£1,750	08/24	0.24 mi	Fulmead road, Reading, RG30	3	Semi-Detached House
£1,400	12/24	0.24 mi	-	3	Terraced House
£1,700	07/24	0.25 mi	Oxford Road, Reading, RG30	3	Flat
£1,700	08/24	0.25 mi	Oxford Road, Reading, RG30	3	Flat
£1,700	08/24	0.25 mi	-	3	Flat
£1,400	07/24	0.25 mi	Belmont Road, Reading, Berkshire, RG30	3	Terraced House
£1,800	12/24	0.25 mi	-	3	Terraced House
£1,300	08/24	0.25 mi	Sherwood Street, Reading, Berkshire, RG30	3	Terraced House
£1,650	02/25	0.26 mi	-	3	Terraced House
£1,800	07/24	0.27 mi	St. Georges Road, Reading, Berkshire, RG30	3	Terraced House
£1,450	02/24	0.28 mi	-	3	Terraced House
£1,500	07/24	0.28 mi	Elm Park Road, Reading, Berkshire, RG30	3	Terraced House
£1,650	07/24	0.28 mi	Englefield House, Moulsford Mews, Reading, RG30	3	Flat
£1,500	07/24	0.28 mi	Prince Of Wales Avenue, Reading, Berkshire, RG30	3	Terraced House
£1,600	08/24	0.29 mi	Battle Place, Reading, RG30	3	Terraced House
£1,600	08/24	0.29 mi	Battle Place, Reading, Berkshire, RG30	3	Terraced House
£1,695	03/25	0.31 mi	-	3	Terraced House
£1,600	07/24	0.31 mi	Lansdowne House, Moulsford Mews, Reading, Berkshire, RG30	3	Flat
£1,650	12/24	0.32 mi	-	3	Flat
£1,600	07/24	0.32 mi	Gloucester Road, Reading	3	Terraced House
£1,800	07/24	0.32 mi	Curzon Street, Reading, Berkshire, RG30	3	Terraced House
£1,395	07/24	0.33 mi	Shaftesbury Road, Reading	3	House

Local Area Statistics

Population in RG30	43,41043,410
Population in Reading	321,187321,187
Town centre distance	1.28 miles away1.28 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.52 miles away0.52 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+1%+1%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+14%+14%

Property History

Price changed to £400,000

March 8, 2025

Price changed to £425,000

January 11, 2025

Listed for £450,000

November 25, 2024

Sold for £309,232

2015

Sold for £235,000

2012

Floor Plans

Description

Semi-detached +
Three bedrooms +
Two reception rooms +
Kitchen +
Garden +
No onward chain +

A spacious family home in one of the most sought-after tree-lined roads in west Reading. Requiring modernisation, the property still maintains many of its original character features and has tremendous potential to be a stunning family home.

The property benefits from having a large bay-fronted living room, large dining room, and a good sized kitchen/breakfast room. On the first floor are three good sized bedrooms and a bathroom.

The large garden is a great size and there is tremendous potential to extend further, subject to relevant planning permissions. Offered for sale with no onward chain, 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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