3 Bed Terraced House, Refurb/BRRR, Reading, RG30 2UD, £225,000

15 Connaught Road, Reading, RG30 2UD - 21 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 8%
53 m²
+4 photos

ValuationOvervalued

Sold Prices£219.5K - £625K
Sold Prices/m²£2.5K/m² - £6.3K/m²

 

 

Square Metres

53 m²
Price/m²£4.2K/m²

Value Estimate

£198,750

 

 

End Value (After Refurb)

£212,810

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£24,611

Bridging Loan Interest

£5,906

Total Cash In

£96,468

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£212,810

Mortgage (After Refinance)

£159,608

Mortgage LTV

75%

Cash Left In

£96,468

Equity

£53,203

Rent Range

£1,400 - £3,545

Rent Estimate

£1,709

Running Costs/mo

£1,027

Cashflow/mo

£682

Cashflow/yr

£8,186

ROI

8%

Gross Yield

9%

Local Sold Prices

50 sold prices from £219.5K to £625K, average is £317.5K. £2.5K/m² to £6.3K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£269K07/210.06 mi61, Connaught Road, Reading RG30 2UD3
£321.1K06/210.08 mi72, Catherine Street, Reading RG30 1DG3
£219.5K11/200.08 mi15, Elm Park Road, Reading RG30 2TP3
£305K03/230.09 mi30, Elm Park Road, Reading RG30 2TN3
£335K06/230.1 mi53, Prince Of Wales Avenue, Reading RG30 2UJ3
£300K06/230.12 mi34, Prince Of Wales Avenue, Reading RG30 2UH3
£290K01/230.12 mi26, Prince Of Wales Avenue, Reading RG30 2UH3
£280K04/210.12 mi81, Curzon Street, Reading RG30 1DA3
£300K04/210.13 mi4, Catherine Street, Reading RG30 1DN3
£280K12/220.14 mi5, Catherine Street, Reading RG30 1DN3
£250K09/210.15 mi46, Beresford Road, Reading RG30 1BX3
£275.5K10/200.15 mi65, Audley Street, Reading RG30 1BS3
£469K09/210.15 mi101, Connaught Road, Reading RG30 2UE3
£320K04/230.16 mi3, Curzon Street, Reading RG30 1DB3
£325K11/210.16 mi39, Curzon Street, Reading RG30 1DB3
£247K03/210.16 mi41, Curzon Street, Reading RG30 1DB3
£300K09/210.17 mi54, Audley Street, Reading RG30 1BS3
£338K06/230.17 mi18, Valentia Road, Reading RG30 1DH3
£315K03/210.17 mi5, Wood Green Close, Reading RG30 2AW3
£300K09/210.18 mi10, Curzon Street, Reading RG30 1DB3
£500K11/220.18 mi33, Western Elms Avenue, Reading RG30 2AL3
£300K02/210.19 mi36, Salisbury Road, Reading RG30 1BJ3
£320K09/210.19 mi6, Audley Street, Reading RG30 1BP3
£310K04/210.19 mi11, Audley Street, Reading RG30 1BP3
£300K09/210.19 mi15, Audley Street, Reading RG30 1BP3
£305K02/230.19 mi28, Kensington Road, Reading RG30 2SY3
£325K04/230.2 mi139, Belmont Road, Reading RG30 2UY3
£306K07/230.2 mi163, Belmont Road, Reading RG30 2UY3
£345K09/210.2 mi76, Kensington Road, Reading RG30 2SY3
£285K09/210.21 mi160, Belmont Road, Reading RG30 2UX3
£365K07/230.23 mi2, Gloucester Court, Reading RG30 2TW3
£300K09/210.24 mi24, Hilcot Road, Reading RG30 2SX3
£510K10/220.24 mi22, Brunswick Hill, Reading RG1 7YU3
£400K12/210.24 mi28, Brunswick Hill, Reading RG1 7YU3
£390K06/210.24 mi45, Brunswick Hill, Reading RG1 7YU3
£315K06/210.26 mi28, Gloucester Road, Reading RG30 2TH3
£325K04/210.28 mi76, Tilehurst Road, Reading RG30 2LU3
£327K03/210.28 mi8, Wilton Road, Reading RG30 2SS3
£312.3K04/230.28 mi5, Wilton Road, Reading RG30 2SS3
£625K09/220.28 mi39, Argyle Road, Reading RG1 7YL3
£300K07/210.29 mi21, Richmond Road, Reading RG30 2SP3
£365K06/210.29 mi15, Argyle Road, Reading RG1 7YL3
£440K08/230.29 mi27, Argyle Road, Reading RG1 7YL3
£380K06/210.29 mi5, Argyle Road, Reading RG1 7YL3
£375K11/200.29 mi4, Deepdene Close, Reading RG1 7YX3
£335K06/210.29 mi207, Cranbury Road, Reading RG30 2XA3
£450K11/220.3 mi5, Deepdene Close, Reading RG1 7YX3
£429.5K11/220.3 mi33, Argyle Road, Reading RG1 7YL3
£266K03/210.31 mi9, Belle Vue Terrace, Reading RG1 6PA3
£390K06/210.31 mi61, Lorne Street, Reading RG1 7YW3

Local Rents

50 rents from £1.4K/mo to £3.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,60007/240.03 miConnaught Road, Reading, Berkshire, RG303
£1,60007/240.05 miConnaught Road, Reading, RG303
£1,45002/240.08 mi-3
£1,50007/240.08 miElm Park Road, Reading, Berkshire, RG303
£1,65002/250.09 mi-3
£1,40007/240.11 miBelmont Road, Reading, Berkshire, RG303
£1,50007/240.12 miPrince Of Wales Avenue, Reading, Berkshire, RG303
£1,50001/250.13 mi-3
£1,60007/240.13 miCurzon Street, Reading, RG303
£1,60003/250.14 mi-3
£1,40007/240.14 miCranbury Road, Reading, RG303
£1,60008/240.15 miBattle Place, Reading, RG303
£1,60008/240.15 miBattle Place, Reading, Berkshire, RG303
£1,70008/240.15 mi-3
£1,70007/240.15 miOxford Road, Reading, RG303
£1,70008/240.15 miOxford Road, Reading, RG303
£1,80007/240.15 miCurzon Street, Reading, Berkshire, RG303
£1,60007/240.16 mi-3
£1,50008/240.16 miThree Bedroom House- Prince Of Wales Avenue, Reading3
£1,65002/240.17 mi-3
£1,55003/250.17 mi-3
£1,40012/240.17 mi-3
£3,50001/250.17 mi-3
£1,90012/240.17 mi-3
£1,69503/250.18 mi-3
£1,75008/240.18 miBeresford Road, Reading3
£1,75003/250.18 mi-3
£1,55001/250.19 mi-3
£1,52507/240.19 miKensington Road, Reading3
£1,40007/240.2 miKensington Road, Reading, RG303
£2,00001/250.2 mi-3
£1,80012/240.22 mi-3
£1,50008/240.23 miBarnwood Close, Reading, Berkshire3
£1,45010/230.23 miGloucester Court, Reading, RG30 2TW3
£3,54502/250.23 mi-3
£1,65007/240.24 mi-3
£1,60007/240.24 miGloucester Road, Reading3
£1,65002/240.24 mi-3
£1,95007/240.25 miSt. Georges Road, Reading, RG303
£2,00007/240.25 miBattle Square, Reading, RG303
£2,00008/240.25 mi-3
£1,60007/240.25 miLansdowne House, Moulsford Mews, Reading, Berkshire, RG303
£2,80011/240.26 mi-3
£1,65007/240.26 miEnglefield House, Moulsford Mews, Reading, RG303
£1,75007/240.27 miGloucester Road, Reading, RG303
£1,65012/240.27 mi-3
£1,60002/240.28 mi-3
£3,20007/240.3 mi-3
£1,60007/240.3 miWilton Road, Reading, RG303
£1,49507/240.3 miKent Road, Reading3

Local Area Statistics

Population in RG30

43,410

Population in Reading

321,187

Town centre distance

0.94 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £225,000

December 4, 2024

Floor Plans

Description

  • 2 + 1 BEDROOMS +
  • NO ONWARD CHAIN +
  • TWO RECEPTION ROOMS DOWNSTAIRS +
  • ENCLOSED REAR GARDEN +
  • NEW ROOF +
  • NEW CONSUMER BOX +
  • 360 VIRTUAL TOUR +

VP - NO ONWARD CHAIN , This property will remain available for viewings until Tuesday 17th December, thereafter any interested parties will need to submit their best and final offer in writing by 10am on Wednesday 18th December 2024.

Presented to the market is this 2+1 terrace house with excellent access to amenities, bus routes, parks and Reading main & West station. The property requires modernisation throughout. The property benefits a new roof.

Council tax band - C

Agent Details

Village Properties, Reading

0118 230 5697

Next Steps?

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