3 Bed Detached House, Refurb/BRRR, Reading, RG4 6PA, £450,000

Lowfield Road, Caversham, Reading, RG4 6PA - 3 views - 4 months ago

Sold STC
Refurb/BRRR
Planning
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£280K - £835K
Sold Prices/m²£2.6K/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£402,303

 

 

End Value (After Refurb)

£450,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£43,183

Bridging Loan Interest

£11,813

Total Cash In

£193,946

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£450,000

Mortgage (After Refinance)

£337,500

Mortgage LTV

75%

Cash Left In

£193,946

Equity

£112,500

Rent Range

£1,650 - £1,850

Rent Estimate

£1,755

Running Costs/mo

£1,777

Cashflow/mo

£-22

Cashflow/yr

£-267

Gross Yield

5%

Local Sold Prices

50 sold prices from £280K to £835K, average is £385K. £2.6K/m² to £6K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£350K04/230 mi14, Lowfield Road, Caversham, Reading RG4 6PA3
£330K12/200.04 mi7, Highbridge Close, Caversham, Reading RG4 6PH3
£450K04/210.04 mi5, Highbridge Close, Caversham, Reading RG4 6PH3
£500K12/220.04 mi6, Highbridge Close, Caversham, Reading RG4 6PH3
£280K05/210.04 mi21, Lowfield Road, Caversham, Reading RG4 6NL3
£330K04/210.04 mi23, Lowfield Road, Caversham, Reading RG4 6NL3
£285K07/210.04 mi25, Lowfield Road, Caversham, Reading RG4 6NL3
£302.5K02/210.04 mi17, Lowfield Road, Caversham, Reading RG4 6NL3
£511K03/210.08 mi48, Orchard Grove, Caversham, Reading RG4 6NF3
£318K03/210.17 mi12, Newton Avenue, Caversham, Reading RG4 6PX3
£330K12/200.24 mi7, Dumbarton Way, Caversham, Reading RG4 6QT3
£369.9K06/210.24 mi8, Redberry Close, Caversham, Reading RG4 6QF3
£420K08/210.24 mi53, Galsworthy Drive, Caversham, Reading RG4 6QB3
£340K09/210.27 mi8, Framlingham Drive, Caversham, Reading, Oxfordshire RG4 6RE3
£385K06/210.28 mi4, Farleigh Mews, Caversham, Reading RG4 6RG3
£455K02/230.3 mi13, Tenby Avenue, Caversham, Reading RG4 6QG3
£445K04/230.33 mi138, Galsworthy Drive, Caversham, Reading RG4 6QJ3
£331K10/200.33 mi128, Galsworthy Drive, Caversham, Reading, Oxfordshire RG4 6QJ3
£405K01/230.33 mi25, Kingsway, Caversham, Reading RG4 6RA3
£420K12/220.34 mi21, Kingsway, Caversham, Reading RG4 6RA3
£345K02/210.37 mi3, Illingworth Avenue, Caversham, Reading RG4 6RB3
£350K01/210.38 mi13, Ilchester Mews, Caversham, Reading, Oxfordshire RG4 6RL3
£377.5K12/200.38 mi6, Ilchester Mews, Caversham, Reading RG4 6RL3
£344K04/210.38 mi3, Ilchester Mews, Caversham, Reading, Oxfordshire RG4 6RL3
£835K01/230.39 mi248, Henley Road, Caversham, Reading RG4 6LR3
£430K06/230.4 mi2, Melford Green, Caversham, Reading RG4 6XR3
£355K01/210.4 mi17, Whitby Green, Caversham, Reading RG4 6SL3
£340K02/230.41 mi6, Kelso Mews, Caversham, Reading RG4 6RJ3
£355K01/210.41 mi17, Whitby Green, Caversham, Reading RG4 6SL3
£485K02/230.43 mi7, Thetford Mews, Caversham, Reading RG4 6SN3
£390K01/230.43 mi63, Kingsway, Caversham, Reading RG4 6RH3
£355K05/210.43 mi69, Kingsway, Caversham, Reading, Oxfordshire RG4 6RH3
£375K11/210.43 mi51, Kingsway, Caversham, Reading, Oxfordshire RG4 6RH3
£342.5K12/200.44 mi18, Netley Close, Caversham, Reading, Oxfordshire RG4 6SR3
£492K01/230.45 mi127, Mayfield Drive, Caversham, Reading RG4 5JR3
£435K06/210.45 mi109, Mayfield Drive, Caversham, Reading RG4 5JR3
£400K11/200.45 mi105, Mayfield Drive, Caversham, Reading RG4 5JR3
£493K06/230.45 mi125, Mayfield Drive, Caversham, Reading RG4 5JR3
£385K06/210.47 mi8, Pendennis Avenue, Caversham, Reading, Oxfordshire RG4 6SS3
£500K01/230.47 mi84, Mayfield Drive, Caversham, Reading RG4 5JT3
£580K03/230.48 mi104, Mayfield Drive, Caversham, Reading RG4 5JT3
£450K11/200.48 mi106, Mayfield Drive, Caversham, Reading RG4 5JT3
£505K01/230.48 mi116, Mayfield Drive, Caversham, Reading RG4 5JT3
£385K03/210.48 mi11, Norman Road, Caversham, Reading RG4 5JN3
£304K09/210.49 mi11, Northbrook Road, Caversham, Reading RG4 6PW3
£375K02/210.49 mi1, Ragley Mews, Caversham, Reading RG4 6SG3
£475K02/230.51 mi80, Chiltern Road, Caversham, Reading RG4 5JB3
£480K10/210.51 mi12, Valentine Crescent, Caversham, Reading RG4 5JJ3
£400K06/210.54 mi47, Mayfield Drive, Caversham, Reading RG4 5JP3
£432.5K11/210.54 mi45, Mayfield Drive, Caversham, Reading RG4 5JP3

Local Rents

12 rents from £1.6K/mo to £1.9K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65007/240.17 miNewton Avenue, Caversham Park, Reading, Berkshire, RG43
£1,75012/240.26 miQuantock Avenue, Caversham, Reading, Berkshire, RG43
£1,79512/240.33 miKingsway, Caversham3
£1,70002/240.33 mi-3
£1,85003/250.35 mi-3
£1,80012/240.44 miNetley Close, Caversham3
£1,75007/240.45 miMayfield Drive, Caversham, Reading3
£1,75007/240.5 miValentine Crescent, Caversham, Reading, RG43
£1,75007/240.5 mi-3
£1,75007/240.56 miOnslow Gardens, Caversham, Reading3
£1,85012/240.59 miCarisbrooke Close, Caversham Park, Reading3
£1,65001/250.59 mi-3

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

2.04 miles away

Nearest school

0.30 miles away

Nearest train station

1.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £450,000

November 28, 2024

Floor Plans

Description

    • No Chain +
    • Large Side Plot +
    • Potential for Renovation +
    • Sizeable Garden +
    • Garage +
    • Local Ammenities +

Located in the sought-after Caversham Park Village, Romans presents this 3-bedroom link-detached home, that offers a fantastic opportunity to sculpt your ideal home. With massive scope for renovation, this house is perfect for buyers looking to put their own stamp on a home or for investors seeking their next project.

Inside, the property features a spacious reception room, three well-proportioned bedrooms, and a family bathroom, ready to be transformed to suit your needs. Externally, the home benefits from a garage, a shed, and a sizeable garden, ideal for outdoor living or further landscaping projects.

One of the standout features of this property is the side plot, offering the potential for a double-story extension, subject to planning permission. This creates an exciting prospect for expanding the living space and adding significant value to the property.

Situated in a desirable and family-friendly area, you’ll enjoy the convenience of local amenities, schools, and green spaces while being just a short distance from Reading town centre and excellent transport links.

This is a rare opportunity to purchase a home with endless potential in a sought after location. Don’t miss out — give us a call and schedule your viewing today.

Agent Details

Romans, Caversham

0118 230 5128

Next Steps?

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