3 Bed Terraced House, Refurb/BRRR, Reading, RG4 5AL, £375,000

St. Johns Road, Caversham, Reading, Berkshire, RG4 5AL - 4 views - 3 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 1%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£300K - £610K
Sold Prices/m²£3.3K/m² - £6.7K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£400,000

 

 

End Value (After Refurb)

£439,521

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£43,183

Bridging Loan Interest

£9,844

Total Cash In

£169,227

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£439,521

Mortgage (After Refinance)

£329,640

Mortgage LTV

75%

Cash Released

£48,390

Cash Left In

£120,837

Equity

£109,880

Rent Range

£1,495 - £4,000

Rent Estimate

£2,011

Running Costs/mo

£1,796

Cashflow/mo

£215

Cashflow/yr

£2,584

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £300K to £610K, average is £369.9K. £3.3K/m² to £6.7K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£450K12/200 mi53, St Johns Road, Caversham, Reading RG4 5AL3
£430K03/230.06 mi8, Marsack Street, Caversham, Reading RG4 5AP3
£412K12/220.06 mi6, Marsack Street, Caversham, Reading RG4 5AP3
£322.5K11/200.07 mi17, Ardler Road, Caversham, Reading RG4 5AE3
£430K04/210.08 mi9, St Johns Road, Caversham, Reading RG4 5AN3
£388.5K05/230.11 mi9, Montague Street, Caversham, Reading RG4 5AU3
£375K12/200.11 mi96, South View Avenue, Caversham, Reading RG4 5BB3
£610K01/230.11 mi4, Montague Street, Caversham, Reading RG4 5AU3
£385K12/200.11 mi45, Briants Avenue, Caversham, Reading RG4 5AS3
£335K03/210.11 mi30, Briants Avenue, Caversham, Reading RG4 5AS3
£300K02/210.11 mi67, Briants Avenue, Caversham, Reading RG4 5AS3
£435K08/230.11 mi89, Briants Avenue, Caversham, Reading RG4 5BA3
£499K12/220.12 mi300, Gosbrook Road, Caversham, Reading RG4 8EB3
£340K12/200.13 mi35, Briants Avenue, Caversham, Reading RG4 5AY3
£325K02/210.13 mi22, Keston Close, Caversham, Reading RG4 5DZ3
£489.9K07/230.14 mi9, Washington Road, Caversham, Reading RG4 5AA3
£377K02/210.14 mi5, Washington Road, Caversham, Reading RG4 5AA3
£400K04/230.16 mi35, Star Road, Caversham, Reading RG4 5BE3
£380K10/200.16 mi78b, Star Road, Caversham, Reading RG4 5BE3
£369.7K12/200.16 mi41, Star Road, Caversham, Reading RG4 5BE3
£332K10/200.16 mi29, Star Road, Caversham, Reading RG4 5BE3
£390K12/200.16 mi37, Star Road, Caversham, Reading RG4 5BE3
£348.5K02/210.16 mi62, Star Road, Caversham, Reading RG4 5BE3
£420.5K04/230.16 mi25, Star Road, Caversham, Reading RG4 5BE3
£339.9K10/200.17 mi400, Gosbrook Road, Caversham, Reading RG4 8EG3
£435K07/230.17 mi25, Donegal Close, Caversham, Reading RG4 5DT3
£332.5K11/200.17 mi4, Donegal Close, Caversham, Reading RG4 5DT3
£351.5K04/210.17 mi25, Donegal Close, Caversham, Reading RG4 5DT3
£375K05/210.18 mi22, Kings Road, Caversham, Reading RG4 8DT3
£442.5K03/230.18 mi18, Kings Road, Caversham, Reading RG4 8DT3
£415K03/210.18 mi23, Donkin Hill, Caversham, Reading RG4 5DG3
£321K01/230.18 mi5, Donkin Hill, Caversham, Reading RG4 5DG3
£390K04/230.19 mi6, Eccles Close, Caversham, Reading RG4 5BJ3
£348K02/210.19 mi32, Coldicutt Street, Caversham, Reading RG4 8DU3
£319K06/210.2 mi27, Kings Road, Caversham, Reading RG4 8DS3
£325K03/210.2 mi59, Kings Road, Caversham, Reading RG4 8DS3
£319K06/210.2 mi27, Kings Road, Caversham, Reading RG4 8DS3
£340K03/210.2 mi57, Kings Road, Caversham, Reading RG4 8DS3
£350K03/210.2 mi105, Kings Road, Caversham, Reading RG4 8DS3
£325K03/210.2 mi59, Kings Road, Caversham, Reading RG4 8DS3
£370K07/230.2 mi31, Kings Road, Caversham, Reading RG4 8DS3
£430K02/230.2 mi37, Kings Road, Caversham, Reading RG4 8DS3
£464.2K03/210.2 mi27, Champion Road, Caversham, Reading RG4 8EL3
£395K05/230.21 mi14, Talbot Close, Caversham, Reading RG4 5BN3
£317.5K04/210.22 mi10, Queens Road, Caversham, Reading RG4 8DL3
£337.5K03/210.22 mi22, Queens Road, Caversham, Reading RG4 8DL3
£355K05/210.22 mi18, Queens Road, Caversham, Reading RG4 8DL3
£360K06/210.22 mi60, Queens Road, Caversham, Reading RG4 8DL3
£354K08/210.22 mi62, Queens Road, Caversham, Reading RG4 8DL3
£362.5K02/210.23 mi131, Queens Road, Caversham, Reading RG4 8DN3

Local Rents

45 rents from £1.5K/mo to £4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65007/240.13 miBriants Avenue, Caversham, Reading, Berkshire, RG43
£1,69512/240.14 miBriants Avenue3
£1,50004/250.14 mi-3
£1,65002/250.15 mi-3
£1,59501/250.18 mi-3
£1,59512/240.19 miKings Road3
£1,95002/240.19 mi-3
£1,65012/240.19 miEccles Close, Caversham, Reading3
£1,59507/240.23 mi-3
£1,59507/240.23 miKings Rd, Reading, RG43
£1,59507/240.23 miQueens Road, Caversham3
£1,49512/240.23 miQueen's Road, Caversham, Reading3
£2,00007/240.27 miAnglefield Road, Caversham, Reading, Berkshire, RG43
£1,55012/240.32 miSouth Street, Caversham, Reading3
£1,99002/240.35 mi-3
£2,32503/250.35 mi-3
£1,70012/240.37 miSouth Street, Caversham, Reading3
£1,65012/240.37 mi-3
£1,75007/240.38 miOnslow Gardens, Caversham, Reading3
£2,55007/240.38 miElliotts Way, Reading, RG43
£2,55007/240.38 mi-3
£2,00004/250.41 mi-3
£2,30012/240.41 mi-3
£1,65012/240.46 miOxford Street, Caversham, Reading3
£1,75007/240.48 miMayfield Drive, Caversham, Reading3
£1,80012/240.48 miThe Willows, Caversham3
£1,90003/250.5 mi-3
£1,75007/240.51 mi-3
£1,75007/240.51 miValentine Crescent, Caversham, Reading, RG43
£1,85007/240.54 miRegents Riverside, Reading3
£1,70012/240.55 miRectory Road, Caversham3
£2,50010/230.55 miLuscinia View, Napier Road, Reading, Berkshire, RG13
£1,65001/250.56 mi-3
£1,79507/240.56 miCaversham Wharf, Waterman Place, Reading, RG13
£1,75007/240.57 miLynmouth Road, Reading3
£2,25007/240.57 miPriest Hill, Caversham, Reading3
£4,00001/250.58 mi-3
£2,50001/240.58 mi-3
£1,85002/250.6 mi-3
£2,25007/240.6 miCaversham Wharf, Waterman Place, Reading, Berkshire, RG13
£2,60007/240.6 miCaversham Wharf, Waterman Place, Reading, Berkshire, RG13
£2,60007/240.61 miNapier Road, Reading, Berkshire, RG13
£2,65007/240.61 miNapier Road, Reading, Berkshire, RG13
£2,65008/240.61 miNapier Road, Reading, Berkshire, RG13
£2,60009/240.61 miNapier Road, Reading, Berkshire, RG13

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.13 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £375,000

February 12, 2025

Listed for £400,000

January 16, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Driveway Parking +
  • Large Private Garden +
  • Convenient Location +
  • No Onward Chain +
  • Council Tax Band D +

Offered to the market with NO ONWARD CHAIN, this three bedroom end of terrace family home is ideally located within a 1 mile walk from Reading train station that provides the Elizabeth line link into London, Caversham High Street with its range of amenities and popular school catchments.

Whilst it is in need of modernisation throughout, this will allow the new owner to finish it to their own style and also offers the opportunity to extend (subject to planning permission) to maximise the potential it presents.

Internally the ground floor is currently laid out with a separate kitchen, dining room and lounge. Upstairs there are three well-proportioned bedrooms and a family bathroom. Externally there is driveway parking and a large rear garden laid mostly to lawn.

Viewing at your earliest opportunity is advised to really appreciate the opportunity available.

Agent Details

Parkers, Caversham

0118 230 0603

Next Steps?

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