4 Bed Terraced House, Single Let, Reading, RG2 0HN, £325,000

242 Basingstoke Road, Reading, RG2 0HN - 4 views - 4 months ago

Sold STC

BTL

ROI: 4%

105 m²

+11 photos

ValuationUndervalued

Sold Prices	£165K - £780K
Sold Prices/m²	£2.1K/m² - £5.7K/m²

Square Metres	105 m²
Price/m²	£3.1K/m²
Value Estimate	£369,000£369,000
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£93,950£93,950

Cash Out
Rent Range	£1,400 - £5,500£1,400 - £5,500
Rent Estimate	£1,600
Running Costs/mo	£1,356£1,356
Cashflow/mo	£244£244
Cashflow/yr	£2,933£2,933
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

30 sold prices from £165K to £780K, average is £508K. £2.1K/m² to £5.7K/m², average is £4.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£435K	05/21	0.29 mi	8, Shenstone Road, Reading RG2 0DT	£4,728	92	4	Semi-Detached House
£445K	12/20	0.35 mi	25, Northumberland Avenue, Reading RG2 7PS	£4,835	92	4	Semi-Detached House
£435K	04/23	0.36 mi	343, Basingstoke Road, Reading RG2 0JA	£4,223	103	4	Semi-Detached House
£625K	12/22	0.38 mi	27, Northumberland Avenue, Reading RG2 7PS	-	-	4	Detached House
£250K	01/21	0.48 mi	231, Newcastle Road, Reading RG2 7TW	£3,472	72	4	Terraced House
£501K	12/20	0.48 mi	1a, Northumberland Avenue, Reading RG2 7PR	£4,319	116	4	Semi-Detached House
£575K	04/23	0.63 mi	23, Cintra Close, Reading RG2 7AL	-	-	4	Terraced House
£550K	05/23	0.63 mi	28, Cintra Close, Reading RG2 7AL	£4,122	133	4	Terraced House
£702K	06/21	0.64 mi	20, Lancaster Close, Reading RG1 5HB	£4,841	145	4	Detached House
£500K	06/21	0.65 mi	1, Whitley Park Lane, Reading RG2 7BE	-	-	4	Semi-Detached House
£767.1K	06/21	0.66 mi	57, Northcourt Avenue, Reading RG2 7HE	-	-	4	Detached House
£645K	03/23	0.66 mi	25, Northcourt Avenue, Reading RG2 7HE	£5,244	123	4	Detached House
£550K	05/21	0.67 mi	30, Cintra Close, Reading RG2 7AL	-	-	4	Semi-Detached House
£418K	03/21	0.67 mi	17, Benson Close, Reading RG2 7LP	£4,180	100	4	Detached House
£682.5K	04/21	0.68 mi	36, Northcourt Avenue, Reading RG2 7HD	-	-	4	Detached House
£660K	01/21	0.68 mi	13, The Mount, Reading RG1 5HL	£5,280	125	4	Detached House
£515K	11/20	0.7 mi	16, Allcroft Road, Reading RG1 5HH	-	-	4	Semi-Detached House
£780K	10/20	0.73 mi	70, Northcourt Avenue, Reading RG2 7HQ	£3,545	220	4	Detached House
£780K	10/20	0.73 mi	70, Northcourt Avenue, Reading RG2 7HQ	£3,545	220	4	Detached House
£295K	10/21	0.74 mi	28, Alpine Street, Reading RG1 2QA	£2,892	102	4	Terraced House
£165K	01/21	0.75 mi	3, Mount Pleasant, Reading RG1 2TF	£2,089	79	4	Terraced House
£640K	02/21	0.77 mi	21, Marlborough Avenue, Reading RG1 5JB	£5,697	112	4	Semi-Detached House
£675K	01/21	0.79 mi	62, Elmhurst Road, Reading RG1 5HY	£4,355	155	4	Semi-Detached House
£556.5K	06/21	0.86 mi	51, Holybrook Road, Reading RG1 6DG	£3,198	174	4	Semi-Detached House
£365K	06/21	0.89 mi	7, Blandford Road, Reading RG2 8RA	£3,259	112	4	Terraced House
£355K	02/21	0.9 mi	21, Hazel Crescent, Reading RG2 7ND	£3,622	98	4	Semi-Detached House
£431K	06/23	0.91 mi	193, Hartland Road, Reading RG2 8DL	-	-	4	Semi-Detached House
£368K	11/21	0.93 mi	7, Brayford Road, Reading RG2 8LT	£3,919	94	4	Semi-Detached House
£450K	12/22	0.94 mi	40, Carsdale Close, Reading RG1 6DL	£4,470	101	4	Semi-Detached House
£412.5K	03/21	0.96 mi	26, Berkeley Avenue, Reading RG1 6JE	£3,650	113	4	Semi-Detached House

Local Rents

50 rents from £1.4K/mo to £5.5K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,300	07/24	0.03 mi	Basingstoke Road, Reading	5	Terraced House
£1,800	07/24	0.06 mi	Basingstoke Road, Reading, RG2	3	Flat
£1,800	07/24	0.06 mi	-	3	Terraced House
£1,600	07/24	0.15 mi	Tavistock Road, Reading, Berkshire, RG2	3	Semi-Detached House
£2,250	07/24	0.15 mi	4 BEDROOM- Basingstoke Road, Reading	4	House
£1,650	07/24	0.16 mi	Basingstoke Road, Reading, Berkshire, RG2	3	Detached House
£1,700	11/24	0.19 mi	-	3	Terraced House
£3,999	07/24	0.21 mi	-	4	Terraced House
£1,625	12/24	0.22 mi	-	3	Terraced House
£1,650	09/24	0.22 mi	Surrey Road	3	Terraced House
£1,750	07/24	0.22 mi	Surrey Road, Reading	4	Terraced House
£2,850	07/24	0.22 mi	Basingstoke Road, Reading, Berkshire	6	Terraced House
£3,500	07/24	0.23 mi	-	3	Terraced House
£1,700	07/24	0.23 mi	Surrey Road, Reading, Berkshire, RG2	3	Terraced House
£1,500	07/24	0.23 mi	Surrey Road, Reading, Berkshire	3	Terraced House
£1,600	07/24	0.23 mi	Surrey Road, Reading, Berkshire	3	Terraced House
£2,790	04/25	0.24 mi	-	6	Terraced House
£1,750	08/24	0.24 mi	Rowley Road, Reading, Berkshire, RG2	3	Terraced House
£1,700	12/24	0.25 mi	-	3	Semi-Detached House
£1,850	12/24	0.25 mi	-	3	Semi-Detached House
£2,800	02/25	0.25 mi	-	3	Semi-Detached House
£1,850	09/24	0.26 mi	Northumberland Avenue, Reading, Berkshire	3	Semi-Detached House
£1,750	09/24	0.27 mi	Hagley Road, Reading	3	Terraced House
£1,800	07/24	0.27 mi	-	3	Terraced House
£1,800	04/25	0.27 mi	-	3	Terraced House
£1,800	07/24	0.27 mi	Rowley Road, Reading, RG2	3	Terraced House
£1,850	12/24	0.29 mi	-	4	Terraced House
£1,750	07/24	0.29 mi	Shenstone Road, Reading, Berkshire, RG2	3	Terraced House
£1,900	07/24	0.29 mi	Hagley Road, Reading	4	Terraced House
£5,255	10/24	0.32 mi	-	5	Detached House
£5,255	01/25	0.32 mi	-	5	Detached House
£5,300	04/25	0.32 mi	-	5	Detached House
£5,500	08/24	0.32 mi	-	5	Detached House
£5,105	07/24	0.32 mi	-	5	Detached House
£3,500	10/24	0.33 mi	-	5	Semi-Detached House
£3,500	04/25	0.33 mi	-	5	Semi-Detached House
£1,400	07/24	0.35 mi	Dawlish Road, Whitley	3	Flat
£1,595	11/24	0.35 mi	-	3	Flat
£1,650	02/25	0.35 mi	-	3	Flat
£2,100	07/24	0.36 mi	-	4	Detached House
£2,000	07/24	0.36 mi	Greenham Avenue, Reading	4	Detached House
£1,800	08/24	0.37 mi	Woolhampton Way, Reading, Berkshire, RG2	3	Semi-Detached House
£1,650	07/24	0.37 mi	Northumberland Avenue, Reading, Berkshire, RG2	3	Terraced House
£1,850	09/24	0.37 mi	-	3	Terraced House
£2,750	07/24	0.38 mi	Basingstoke Road, Reading	5	Terraced House
£2,850	07/24	0.38 mi	Basingstoke Road, Reading	6	Terraced House
£1,995	10/23	0.38 mi	Greenham Avenue, Reading, Berkshire, RG2	3	Terraced House
£2,000	07/24	0.39 mi	Greenham Avenue, Reading, Berkshire, RG2	4	Flat
£1,995	08/24	0.39 mi	Greenham Avenue, Reading	4	Terraced House
£2,000	07/24	0.39 mi	Woolhampton Way, Reading, RG2	3	Terraced House

Local Area Statistics

Population in RG2	36,86636,866
Population in Reading	321,187321,187
Town centre distance	1.10 miles away1.10 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.57 miles away1.57 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-3%-3%

Property History

Price changed to £325,000

February 16, 2025

Listed for £300,000

December 20, 2024

Sold for £73,000

1998

Floor Plans

Description

Potential Investment Opportunity +
Easy Access to Central Reading +
Four Double Bedrooms +
No Onward Chain Complications +
Central Heating & Double Glazing +
Refitted Kitchen Breakfast Room +
Living Room +
Rear Garden +

Nestled in a convenient location offering easy access to Central Reading, this spacious Victorian terraced house presents a potential investment opportunity for buyers seeking a spacious family home or a lucrative buy-to-let investment.

Boasting a generous living accommodation across three floors, the property already offers four double bedrooms, ideal for comfortable living. The interior features a refitted kitchen breakfast room, separate living room, and a large ground floor, 4 piece bathroom.

Offered with no onward chain complications, this residence presents an exciting investment potential for those keen on expanding their property portfolio.

Moving to the outside space, the property offers a low maintenance frontage comprising a pathway leading to the front door, with the remaining area providing ample hardstanding space enclosed by railings and a gate for added security and privacy.

A substantial patio area for outdoor relaxation and entertaining is located directly to the rear of the property, with the remaining garden area stretching a good length and currently in a natural state, offering scope for personalised landscaping and gardening endeavours.

Furthermore, residents of this property benefit from being within the Reading Borough Council Control Residents Permit Parking Scheme, where two parking permits can be obtained for a nominal fee, ensuring convenient parking options for both occupants and visitors alike. Contact us for more details on this exceptional property and the wealth of opportunities it presents.
EPC Rating: D