3 Bed Semi-Detached House, Refurb/BRRR, Reading, RG5 4NT, £400,000

Butts Hill Road, Woodley, Reading, Berkshire, RG5 4NT - 2 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£325K - £700K
Sold Prices/m²£3.4K/m² - £10.6K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£412,000
BMV3%

 

 

End Value (After Refurb)

£405,372

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£43,600

Bridging Loan Interest

£10,500

Total Cash In

£176,550

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£405,372

Mortgage (After Refinance)

£304,029

Mortgage LTV

75%

Cash Released

£4,029

Cash Left In

£172,521

Equity

£101,343

Rent Range

£1,595 - £2,250

Rent Estimate

£1,897

Running Costs/mo

£1,666

Cashflow/mo

£231

Cashflow/yr

£2,770

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £325K to £700K, average is £426K. £3.4K/m² to £10.6K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£540K11/200.03 mi86, Butts Hill Road, Woodley, Reading, Wokingham RG5 4NR3
£425K11/200.05 mi96, Butts Hill Road, Woodley, Reading, Wokingham RG5 4NR3
£460K06/210.06 mi101, Butts Hill Road, Woodley, Reading, Wokingham RG5 4NT3
£475K12/220.08 mi38, Selsdon Avenue, Woodley, Reading, Wokingham RG5 4PG3
£450K04/210.11 mi18, St Johns Close, Woodley, Reading, Wokingham RG5 4RD3
£405K03/210.11 mi11, St Johns Close, Woodley, Reading, Wokingham RG5 4RD3
£425K03/210.11 mi3, Rowan Drive, Woodley, Reading, Wokingham RG5 4LN3
£432.5K05/210.12 mi16, Rowan Drive, Woodley, Reading, Wokingham RG5 4LW3
£401K11/200.14 mi24, Lavenham Drive, Woodley, Reading, Wokingham RG5 4PP3
£495K11/220.14 mi21, Ravensbourne Drive, Woodley, Reading, Wokingham RG5 4LH3
£415K06/210.15 mi27, Ravensbourne Drive, Woodley, Reading, Wokingham RG5 4LH3
£525K02/230.16 mi96, Haddon Drive, Woodley, Reading, Wokingham RG5 4LT3
£427K01/230.17 mi55, Telford Crescent, Woodley, Reading, Wokingham RG5 4QT3
£450K08/210.17 mi86, Haddon Drive, Woodley, Reading, Wokingham RG5 4LT3
£445K04/230.19 mi98, Haddon Drive, Woodley, Reading, Wokingham RG5 4LL3
£415K02/210.19 mi112, Haddon Drive, Woodley, Reading, Wokingham RG5 4LL3
£418K01/210.2 mi11, Haddon Drive, Woodley, Reading, Wokingham RG5 4LX3
£410K01/230.21 mi4, Woodley Green, Woodley, Reading, Wokingham RG5 4QP3
£372.5K04/210.21 mi3, Woodley Green, Woodley, Reading, Wokingham RG5 4QP3
£505K04/230.21 mi131, Haddon Drive, Woodley, Reading, Wokingham RG5 4LZ3
£650K10/220.21 mi3, Boulters Close, Woodley, Reading, Wokingham RG5 4QW3
£465K11/200.23 mi32, Walmer Road, Woodley, Reading, Wokingham RG5 4PN3
£382.5K02/210.24 mi49, Sherbourne Drive, Woodley, Reading, Wokingham RG5 4QY3
£417K02/230.24 mi23, Sherbourne Drive, Woodley, Reading, Wokingham RG5 4QY3
£700K04/230.24 mi24, Butts Hill Road, Woodley, Reading, Wokingham RG5 4NH3
£675K03/230.24 mi38, Butts Hill Road, Woodley, Reading, Wokingham RG5 4NH3
£358K11/200.25 mi31, Halstead Close, Woodley, Reading, Wokingham RG5 4LD3
£355K12/200.25 mi19, Pitford Road, Woodley, Reading, Wokingham RG5 4QF3
£325K11/200.25 mi24, Pitford Road, Woodley, Reading, Wokingham RG5 4QF3
£380K06/230.25 mi42, Pitford Road, Woodley, Reading, Wokingham RG5 4QF3
£465K05/230.26 mi48, Rochester Avenue, Woodley, Reading, Wokingham RG5 4NA3
£468K07/230.26 mi50, Rochester Avenue, Woodley, Reading, Wokingham RG5 4NA3
£400K12/200.27 mi34, Ravensbourne Drive, Woodley, Reading, Wokingham RG5 4LJ3
£400K11/220.27 mi75, Lunds Farm Road, Woodley, Reading, Wokingham RG5 4PZ3
£562.5K06/230.28 mi17, Cornfield Road, Woodley, Reading, Wokingham RG5 4QA3
£485K01/230.29 mi76, Headley Road, Woodley, Reading, Wokingham RG5 4JE3
£460K03/210.32 mi291, Loddon Bridge Road, Woodley, Reading, Wokingham RG5 4BE3
£375K03/210.32 mi76, Rochester Avenue, Woodley, Reading, Wokingham RG5 4NB3
£408K02/210.32 mi86, Rochester Avenue, Woodley, Reading, Wokingham RG5 4NB3
£465K03/210.34 mi9, Caldbeck Drive, Woodley, Reading, Wokingham RG5 4LA3
£480K07/210.34 mi11, Caldbeck Drive, Woodley, Reading, Wokingham RG5 4LA3
£405K02/210.35 mi23, Willowside, Woodley, Reading, Wokingham RG5 4HJ3
£480K03/230.37 mi12, Uppingham Drive, Woodley, Reading, Wokingham RG5 4TH3
£445K01/210.37 mi12, Uppingham Drive, Woodley, Reading, Wokingham RG5 4TH3
£380K09/210.37 mi24, Lunds Farm Road, Woodley, Reading, Wokingham RG5 4PY3
£367.9K06/210.37 mi20, Lunds Farm Road, Woodley, Reading, Wokingham RG5 4PY3
£460K06/230.38 mi34, Headley Road, Woodley, Reading, Wokingham RG5 4JA3
£425K11/210.41 mi10, Headley Close, Woodley, Reading, Wokingham RG5 4SF3
£373K12/200.42 mi1, Headley Close, Woodley, Reading, Wokingham RG5 4SF3
£395K04/230.42 mi263, Headley Road East, Woodley, Reading, Wokingham RG5 4SE3

Local Rents

25 rents from £1.6K/mo to £2.3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,90007/240.08 miAshtrees Road, Woodley, Reading3
£2,00007/240.1 mi-3
£1,85002/250.14 mi-3
£1,60007/240.17 miTelford Crescent, Woodley, Reading, Berkshire, RG53
£1,85003/250.18 mi-3
£1,85003/250.18 mi-3
£1,70007/240.19 miHaddon Drive, Woodley3
£2,20007/240.24 miButts Hill Road, Woodley3
£1,62507/240.24 miHeadley Road, Woodley, Reading, RG53
£1,85012/240.3 mi-3
£2,00002/250.31 mi-3
£2,25007/240.31 miEynsham Close, Woodley, Reading, RG53
£2,15006/240.31 mi-3
£1,95007/240.32 miEynsham Close3
£2,10007/240.36 miWoodley, Reading, RG53
£2,05004/250.44 mi-3
£2,25007/240.46 miGemini Road, Woodley, Reading, Berkshire, RG53
£1,85012/240.46 mi-3
£2,00009/240.49 miBakers Place, Woodley3
£1,60007/240.51 miBadgers Rise3
£1,75007/240.56 miMannock Way, Woodley, Reading, Berkshire, RG53
£1,59512/240.56 miWest Court, West Drive, Sonning, Reading, RG43
£1,95007/240.57 miVictor Way3
£1,80007/240.6 miBeechwood Avenue, Woodley, RG53
£1,80004/250.62 mi-3

Local Area Statistics

Population in RG5

25,444

Population in Reading

321,187

Town centre distance

3.24 miles away

Nearest school

0.30 miles away

Nearest train station

1.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-31%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £400,000

January 14, 2025

Floor Plans

Description

  • POTENTIAL POTENTIAL POTENTIAL +
  • Three Bedrooms +
  • Semi detached +
  • Well Connected +
  • West Facing Garden +
  • Driveway +
  • Garden +

POTENTIAL POTENTIAL POTENTIAL - This three bed home is in need of full refurbishment, with a great amount of potential and the opportunity to completely make it your own - it`s perfect for the right buyer.

This brilliant location provides easy access to the fabulous amenities of Woodley precinct that boasts a variety of cafe's and pubs. There is a Waitrose close by, great pubs like The George & Good Companions and a market every Sunday.
The renowned Bulmershe school and leisure centre are also within walking distance.

Walking through the door you enter the living room with a gorgeous bay window and stairs up to the first floor. To the rear of the property is a separate dining room with doors out to the garden and the kitchen. To the right is a study room and an internal door into the garage, a great bonus.

Upstairs you will find three good sized bedrooms made up of two doubles, with built in wardrobes, and one single room and the family bathroom.

With space above the garage, there is potential here to add a fourth bedroom, all subject to planning.

The garden to the rear is West facing and fully enclosed with mature shrubs allowing for plenty of privacy. A chance for anyone 'green fingered' to make into something gorgeous!
The Property also boasts an impressive frontage with plenty of space to create a large driveway to accommodate a modern family with cars.

Viewings recommended and can be arranged by appointment only.

Agent Details

David Cliff, Wokingham

0118 230 2651

Next Steps?

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