3 Bed Terraced House, Single Let, Reading, RG2 8JD, £325,000

Hillbrow, Reading, Berkshire, RG2 8JD - 4 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£260K - £685K
Sold Prices/m²£2.9K/m² - £7.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£390,798
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Rent Range

£1,500 - £2,450

Rent Estimate

£1,513

Running Costs/mo

£1,338

Cashflow/mo

£175

Cashflow/yr

£2,097

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £260K to £685K, average is £358K. £2.9K/m² to £7.6K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£260K10/200 mi17, Hillbrow, Reading RG2 8JD3
£415K03/210.07 mi18, Whitley Wood Road, Reading RG2 8JA3
£320K02/210.09 mi17, Rushden Drive, Reading RG2 8LJ3
£310K12/200.13 mi127, Linden Road, Reading RG2 7EJ3
£407K06/230.13 mi53, Linden Road, Reading RG2 7EJ3
£380K08/210.16 mi79, Winton Road, Reading RG2 8HL3
£340K01/230.17 mi128, Linden Road, Reading RG2 7EH3
£340K07/230.2 mi43, Brybur Close, Reading RG2 8HN3
£362K06/230.2 mi26, Brybur Close, Reading RG2 8HN3
£332.3K03/210.21 mi231, Hartland Road, Reading RG2 8DN3
£305K01/210.21 mi83, Whitley Wood Road, Reading RG2 8HY3
£295K01/230.21 mi93, Whitley Wood Road, Reading RG2 8HY3
£305K02/230.22 mi4, Linden Road, Reading RG2 7EQ3
£365K01/230.25 mi42, Westlands Avenue, Reading, Wokingham RG2 8EN3
£310K05/230.25 mi29, Linden Road, Reading RG2 7EG3
£350K12/200.25 mi7, Westlands Avenue, Reading, Wokingham RG2 8EB3
£355K07/230.25 mi56, Westlands Avenue, Reading, Wokingham RG2 8EW3
£290K11/200.26 mi35, Westlands Avenue, Reading, Wokingham RG2 8EN3
£425K01/230.27 mi228, Shinfield Road, Reading RG2 7DU3
£360K03/230.28 mi15, Foxhays Road, Reading RG2 8ND3
£392K12/220.29 mi2, Holberton Road, Reading RG2 8NL3
£395K08/210.3 mi5, Winton Road, Reading RG2 8HH3
£355K05/210.31 mi1, Wavell Close, Reading, Wokingham RG2 8EJ3
£377.5K02/210.31 mi10, St Barnabas Road, Reading RG2 8ED3
£330K03/210.31 mi4a, St Barnabas Road, Reading, Wokingham RG2 8ED3
£361K11/200.31 mi9, St Barnabas Road, Reading, Wokingham RG2 8EE3
£304K10/200.31 mi10, Holberton Road, Reading RG2 8NL3
£321K06/210.32 mi9, Devitt Close, Reading, Wokingham RG2 8EF3
£359K11/210.32 mi5, Devitt Close, Reading, Wokingham RG2 8EF3
£390K03/210.33 mi3, Falcon Avenue, Reading, Wokingham RG2 8EL3
£500K12/220.33 mi32, Elm Road, Reading, Wokingham RG6 5TS3
£370K03/210.34 mi152, Hartland Road, Reading RG2 8DP3
£685K04/210.35 miTimbrils, Oakside Way, Shinfield, Reading, Wokingham RG2 9BJ3
£330K09/210.36 mi87, Foxhays Road, Reading RG2 8NA3
£296K10/200.37 mi151b, Whitley Wood Road, Reading RG2 8JH3
£365K02/230.37 mi11, Sycamore Road, Reading RG2 7LX3
£325K06/210.38 mi5, Exwick Square, Reading RG2 8NB3
£385K05/230.38 mi8, Exwick Square, Reading RG2 8NB3
£510K07/230.42 mi36, Devonshire Park, Reading RG2 7DX3
£504.5K01/230.44 mi21, Hilmanton, Lower Earley, Reading, Wokingham RG6 4HN3
£374K10/200.44 mi88, Hilmanton, Lower Earley, Reading, Wokingham RG6 4HN3
£435K05/210.44 mi78, Hilmanton, Lower Earley, Reading, Wokingham RG6 4HN3
£348K08/210.44 mi83, Birdhill Avenue, Reading RG2 7JU3
£357K04/210.45 mi33, Blagdon Road, Reading RG2 7NT3
£505K06/210.46 mi42, Cressingham Road, Reading RG2 7JR3
£390K12/220.46 mi76, Birdhill Avenue, Reading RG2 7JU3
£485K03/210.48 mi6, Cressingham Road, Reading RG2 7JE3
£260K05/210.49 mi35, Torrington Road, Reading RG2 7NU3
£325K05/210.49 mi24, Torrington Road, Reading RG2 7NU3
£345K11/220.49 mi15, Torrington Road, Reading RG2 7NU3

Local Rents

27 rents from £1.5K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,85007/240.09 miHollydale Close, Reading, RG23
£1,80007/240.16 miShinfield Road, Reading3
£1,80007/240.32 miWoolacombe Drive, Reading3
£2,00007/240.32 miWoolacombe Drive, Earley3
£1,75010/240.33 mi-3
£2,45009/240.33 mi-3
£1,70007/240.38 miExwick Square, Reading, Berkshire, RG23
£1,70007/240.41 miMaple Gardens, Reading, Berkshire, RG23
£1,75007/240.42 miCinnamon Close, Earley, Reading, RG63
£1,75007/240.42 mi-3
£1,75007/240.42 miWood Green, Reading3
£1,80007/240.44 miHilmanton, Lower Earley, Reading, RG63
£1,90008/240.44 miHilmanton, Lower Earley3
£1,80004/250.45 mi-3
£1,50007/240.48 miFoxhays Road, Reading3
£1,65007/240.49 miCressingham Road, Reading, Berkshire, RG23
£1,60007/240.5 miDurham Close, Reading, Berkshire, RG23
£1,60002/250.5 mi-3
£1,79507/240.54 miHarcourt Drive, Earley, Reading, Berkshire, RG63
£1,60007/240.54 miAphelion Way, Shinfield, Berkshire, RG23
£1,70002/240.58 mi-3
£1,85007/240.58 miCirrus Drive, Shinfield, Reading, RG2 9FL3
£1,60011/240.6 mi-3
£1,50007/240.6 miDawlish Road, Reading, Berkshire, RG23
£1,80007/240.6 miZenith Avenue, Reading3
£1,50004/250.61 mi-3
£1,77512/240.62 mi-3

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

2.04 miles away

Nearest school

0.10 miles away

Nearest train station

1.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £325,000

December 11, 2024

Sold for £240,000

2021

Sold for £144,000

2011

Sold for £105,000

2001

Floor Plans

Description

  • Three Bedrooms +
  • No Onward Chain +
  • On-Street Parking +
  • Good-Sized Garden +
  • Close To Amenities +
  • Well-Presented Throughout +

Offered to the market with no onward chain is this well-presented three bedroom family home. Providing easy access to Reading town centre, the mainline train station, and the M4, this property is ideal for first time buyers and investment buyers alike.

Offering light and spacious accommodation comprising: entrance hallway, living room, an open-plan kitchen/diner, three bedrooms and a family bathroom.

Externally, there is a good-sized garden whilst to the front there is on-street parking. Viewing is recommended.

At the time of Instruction, we have been advised by the vendors of the following information:

Council Tax Band C (Reading Borough Council)

Ground rent - £0
Service charge £700 p/a
Lease - TBC (new lease upon completion)

The above information may be subject to change during the transaction period.

Agent Details

Parkers, Reading

0118 230 6420

Next Steps?

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