5 Bed HMO, Reading, RG1 7YR, £415,000

Ormsby Street, Reading, Berkshire, RG1 7YR - 8 views - 4 months ago

HMO
ROI: 6%
~178 m²
+11 photos

ValuationUndervalued

Sold Prices£350K - £1.3M
Sold Prices/m²£2.5K/m² - £6.1K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.3K/m²

Value Estimate

£553,500
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£103,750

Stamp Duty & Legal Fees

£24,700

Total Cash In

£128,450

 

 

Cash Out

 

Room Rate

£685

Gross Rent

£3,425

Running Costs/mo

£2,625

Cashflow/mo

£800

Cashflow/yr

£9,599

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £350K to £1.3M, average is £675.5K. £2.5K/m² to £6.1K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£745K08/220.18 mi50, Western Elms Avenue, Reading RG30 2AN5
£350K03/210.28 mi52, Bedford Road, Reading RG1 7HS5
£900K04/210.52 miMiel House, 19, Castle Crescent, Reading RG1 6AQ5
£436K06/210.55 mi87, Wantage Road, Reading RG30 2SN5
£685K09/220.62 mi1, Shaw Road, Reading RG1 6JX5
£425K10/210.69 mi28, Waverley Road, Reading, Oxfordshire RG30 2PX5
£420K06/230.84 mi127, Waverley Road, Reading RG30 2QD5
£985K05/211 mi43, Church Road, Caversham, Reading RG4 7AG5
£420K05/211.05 mi50, Brisbane Road, Reading RG30 2PE5
£621K06/211.07 mi8, St Annes Road, Caversham, Reading RG4 7PA5
£675K12/201.09 mi12, Symeon Place, Caversham, Reading RG4 7AS5
£522.5K11/211.1 mi125, Honey End Lane, Reading RG30 4EG5
£550K06/211.14 mi67, South Street, Reading RG1 4RA5
£985K02/231.16 mi51, Priest Hill, Caversham, Reading RG4 7RY5
£908K06/211.17 mi3, The Mount, Caversham, Reading RG4 7RU5
£1.2M01/231.18 mi19, Albert Road, Caversham, Reading RG4 7AN5
£430K06/211.25 mi17, Milman Road, Reading RG2 0AZ5
£415K06/211.28 mi1, Ashampstead Road, Reading RG30 3LA5
£400K04/211.29 mi5, Knighton Close, Caversham, Reading RG4 7SZ5
£1.3M04/211.29 miFairmaple, Chazey Road, Caversham, Reading RG4 7DS5
£955K05/231.3 mi20, Kidmore Road, Caversham, Reading RG4 7LU5
£795K02/211.3 mi2b, Kidmore Road, Caversham, Reading RG4 7LU5
£1.2M01/211.34 miHilgay, Upper Warren Avenue, Caversham, Reading RG4 7EB5
£1.0M05/211.35 mi14, Glebe Road, Reading RG2 7AG5
£996K04/211.36 mi7, Highmoor Road, Caversham, Reading RG4 7BN5
£530K06/211.36 mi28, Rufus Isaacs Road, Caversham, Reading RG4 6DD5
£1.0M02/211.39 mi54, Albert Road, Caversham, Reading RG4 7PF5
£660K05/211.47 mi7, Vicarage Road, Reading RG2 7AJ5
£1.1M10/221.47 miFlint Cottage, Vicarage Road, Reading RG2 7AJ5
£385K02/211.48 mi8, Savernake Close, Tilehurst, Reading RG30 4LY5
£700K03/211.48 mi6, Lancaster Close, Reading RG1 5HB5
£760K03/211.5 mi25, Warwick Road, Reading RG2 7AX5
£600K11/221.5 mi9, Erleigh Road, Reading RG1 5LR5
£625K05/211.52 mi262, Hemdean Road, Caversham, Reading RG4 7QT5
£1.2M04/231.54 mi8, Dellwood Park, Caversham, Reading RG4 7NX5
£810K10/211.55 mi12, Denmark Road, Reading RG1 5PA5
£583K02/211.63 mi14, Woodcote Way, Caversham, Reading RG4 7HE5
£1.1M07/211.64 mi12, Richmond Road, Caversham, Reading RG4 7PP5
£500K12/201.64 mi21, Cintra Close, Reading RG2 7AL5
£430K02/211.64 mi4, Cintra Close, Reading RG2 7AL5
£1.1M02/211.65 mi12, Wincroft Road, Caversham, Reading RG4 7HH5
£695K03/231.69 mi6, Calder Close, Tilehurst, Reading RG30 4XL5
£500K01/211.69 mi24, Calder Close, Tilehurst, Reading RG30 4XL5
£635K06/211.71 mi8, New Road, Reading RG1 5JD5
£1.1M09/211.71 mi32, Peppard Road, Emmer Green, Reading RG4 8NG5
£676K06/211.72 mi7, Blaenavon, Caversham, Reading RG4 7XQ5
£550K03/231.73 mi38, Erleigh Road, Reading RG1 5NA5
£650K10/211.73 mi1, Tymawr, Caversham, Reading RG4 7XR5
£552.5K11/201.73 mi27, Tymawr, Caversham, Reading RG4 7XR5
£1.1M07/231.75 mi178, Upper Woodcote Road, Caversham, Reading RG4 7JU5

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.73 miles away

Nearest school

0.10 miles away

Nearest train station

0.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Price changed to £415,000

February 28, 2025

Price changed to £425,000

February 8, 2025

Listed for £450,000

December 10, 2024

Sold for £370,000

2020

Sold for £275,000

2016

Floor Plans

Description

  • Five bedrooms +
  • Five bathrooms +
  • End of terrace +
  • No onward chain +
  • Sought after location +

*Rental Yield above 8%*

Romans are delighted to offer onto the market this spacious five bedroom home, which is being sold with no onward chain, with the opportunity to convert back into a three bedrooms home with two reception rooms.

Entering the property, buyers are greeted with two double bedrooms with ensuites both of which are generous in size. Continuing on the ground floor there is the kitchen, as a door leading to the garden. Going upstairs, there are three double bedrooms with three ensuites.

A fully operational business with high yield with full HMO licence. Located close to train station. All rooms are double bedrooms with en-suites, the property comes fully furnished and has all facilities for tenants to live comfortably.

Additionally, for investors looking to expand their portfolio in popular residential areas, this house could be the perfect acquisition.
Viewings are highly recommended.

Agent Details

Romans, Reading

0118 230 5271

Next Steps?

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