4 Bed Detached House, Refurb/BRRR, Wokingham, RG40 1TR, £650,000

Wiltshire Road, Wokingham, Berkshire, RG40 1TR - 3 months ago

Refurb/BRRR
~129 m²
+9 photos

ValuationOvervalued

Sold Prices£375K - £1.0M
Sold Prices/m²£3.3K/m² - £7.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5K/m²

Value Estimate

£571,574

 

 

End Value (After Refurb)

£640,988

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£42,700

Refurb Costs

£61,233

Bridging Loan Interest

£17,063

Total Cash In

£285,246

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£640,988

Mortgage (After Refinance)

£480,741

Mortgage LTV

75%

Cash Left In

£285,246

Equity

£160,247

Rent Range

£1,500 - £3,750

Rent Estimate

£2,385

Running Costs/mo

£2,500

Cashflow/mo

£-115

Cashflow/yr

£-1,381

Gross Yield

4%

Local Sold Prices

50 sold prices from £375K to £1.0M, average is £652.5K. £3.3K/m² to £7.5K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£490K12/200.08 mi20, Crutchley Road, Wokingham RG40 1XA4
£375K12/200.12 mi25, Sarum Crescent, Wokingham RG40 1XF4
£695K01/210.13 mi3, Abbey Close, Wokingham RG40 1WB4
£504.5K10/210.14 mi18, Sarum Crescent, Wokingham RG40 1XF4
£780K06/210.17 mi17, All Saints Close, Wokingham RG40 1WE4
£1.0M12/220.18 mi1, Barkhart Gardens, Wokingham RG40 1ET4
£880K07/230.18 mi9, Barkhart Drive, Wokingham RG40 1TW4
£880K12/210.21 mi21, Clare Avenue, Wokingham RG40 1EB4
£735K01/210.21 mi17, Clare Avenue, Wokingham RG40 1EB4
£537K01/210.25 mi25, Benning Way, Wokingham RG40 1XX4
£500K08/230.25 mi11, Benning Way, Wokingham RG40 1XX4
£605K01/230.27 mi19, Benning Way, Wokingham RG40 1XX4
£775K06/210.32 mi13, Osborne Road, Wokingham RG40 1TL4
£920K04/230.34 mi9, Cedar Close, Wokingham RG40 1EA4
£680K03/210.34 mi6, Cedar Close, Wokingham RG40 1EA4
£440K01/230.34 mi178, Norreys Avenue, Wokingham RG40 1UH4
£400K11/200.34 mi28, Elizabeth Road, Wokingham RG40 1UB4
£700K12/220.35 mi12, Budges Gardens, Wokingham RG40 1PX4
£510.8K12/200.36 mi87, London Road, Wokingham RG40 1YA4
£680K12/200.39 mi32, Rose Street, Wokingham RG40 1XU4
£570K01/210.4 mi1, Blake Close, Wokingham RG40 1QH4
£820K06/230.44 mi3, Buckthorn Close, Wokingham RG40 5YD4
£450K02/210.49 mi3, Clover Close, Wokingham RG40 5YX4
£717K01/230.5 mi166, London Road, Wokingham RG40 1SU4
£550K12/200.53 mi17, Trefoil Close, Wokingham RG40 5YQ4
£980K01/230.55 mi14, Martins Drive, Wokingham RG41 1NY4
£740K03/230.56 mi9, Payley Drive, Wokingham RG40 5YW4
£640K02/210.56 mi5, Payley Drive, Wokingham RG40 5YW4
£600K03/210.57 mi1, Moles Close, Wokingham RG40 2EQ4
£600K12/200.57 mi49, Twycross Road, Wokingham RG40 5PE4
£655K06/210.58 mi18, Mays Road, Wokingham RG40 1RW4
£925K02/210.59 mi22, Matthews Green Road, Wokingham RG41 1JU4
£507K01/210.6 mi4, Rosebay, Wokingham RG40 5YT4
£730K11/220.6 mi28, Sturges Road, Wokingham RG40 2HE4
£810K06/210.62 mi31a, Sturges Road, Wokingham RG40 2HG4
£525K02/230.62 mi17, Alderman Willey Close, Wokingham RG41 2AQ4
£1.0M02/230.63 mi4c, Crescent Road, Wokingham RG40 2DB4
£790K06/210.63 mi5, Dyer Road, Wokingham RG40 5PG4
£860K04/230.63 mi17, Dyer Road, Wokingham RG40 5PG4
£650K12/200.64 mi6, Chetwode Close, Wokingham RG40 2LL4
£880K06/210.64 mi8, Chetwode Close, Wokingham RG40 2LL4
£407.5K11/200.64 mi10, Victoria Walk, Wokingham RG40 5YL4
£525K06/210.65 mi37, Rosebay, Wokingham RG40 5YT4
£535K04/230.66 mi4, Park Road, Wokingham RG40 2AH4
£618K11/200.66 mi46, Montague Close, Wokingham RG40 5PH4
£624.8K03/230.67 mi202, Clifton Road, Wokingham RG41 1LT4
£730K01/210.68 mi9, Albert Road, Wokingham RG40 2AL4
£507.5K04/210.69 mi7, Charwood Road, Wokingham RG40 1RY4
£510K06/210.69 mi1, Harmar Close, Wokingham RG40 1SG4
£685K06/230.69 mi52, Harmar Close, Wokingham RG40 1SG4

Local Rents

25 rents from £1.5K/mo to £3.8K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,60007/240.07 miDean Grove, Wokingham, RG40 1WD4
£1,99507/240.17 miAll Saints Close, Wokingham, Berkshire, RG403
£1,50007/240.34 miWhaley Road, Wokingham3
£3,75007/240.41 miMilton Road, Wokingham5
£3,50007/240.42 miLondon Road, Wokingham, Berkshire, RG405
£1,85007/240.45 miPigott Road, Wokingham, RG403
£2,00007/240.45 miEasthampstead Road, Wokingham, Berkshire, RG404
£2,90007/240.46 miMilton Gardens Development4
£2,20007/240.49 miDalley Road, Wokingham, Berkshire, RG403
£2,20012/240.49 mi-3
£2,00008/240.5 miAngus Close, Winnersh, Wokingham, Berkshire, RG413
£2,65007/240.5 miWokingham, Berkshire4
£2,25007/240.51 miGoddard Crescent, Wokingham, Berkshire, RG403
£3,25007/240.51 miEasthampstead Road, Wokingham4
£2,85007/240.51 mi The Terrace, Wokingham, RG404
£2,00007/240.53 miTrefoil Close, Wokingham, RG403
£2,00007/240.55 miElms Road, Wokingham, Berkshire, RG404
£2,00007/240.6 miVictoria Gardens, Wokingham, RG403
£2,00011/240.6 mi-3
£1,95503/250.6 mi-3
£1,95503/250.6 mi-3
£1,95504/250.6 mi-3
£2,15007/240.61 mi-4
£3,75007/240.61 miLondon Road, Wokingham, Berkshire, RG406
£1,92511/240.62 mi-3

Local Area Statistics

Population in RG40

26,370

Population in Wokingham

54,769

Town centre distance

1.16 miles away

Nearest school

0.10 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £650,000

March 12, 2025

Listed for £675,000

January 16, 2025

Floor Plans

Description

  • No onward chain +
  • Kitchen/breakfast room +
  • Private location +
  • On the edge of town +
  • Easy reach of Wokingham train station +
  • Lots of potential +

ON THE EDGE OF TOWN - Nestled in a prime position, located within easy reach of Wokingham town centre and mainline train station is this fantastic home to purchase that is in need of modernisation throughout, however offers an amazing oppurtunity to create your own detached residence...

Positioned off Wiltshire road down your very own private driveway which would accommodate a number of vehicles, the property sits centrally in the plot with plenty of scope either side.

There is an excellent feeling of privacy at the property with a wide range of trees and shrubbery that surround the home which creates your own private Oasis. The garden is mainly laid to lawn and it wraps fully around the home giving plenty of room to extend or use to your advantage subject to the usual planning regulations.

Moving into the home you'll be pleased with the natural flow of the property with there being a large kitchen / breakfast room, separate dining room and a well sized living room which would allow plenty of room to relax., along with having patio doors that take you to one part of the private garden.

Going to the first floor and the space continues with there being four good sized and well balanced bedrooms all equipped with wardrobe space, whilst being served by the family bathroom.

So, in summary a wonderful home as is but also with so much potential so a wide appeal to many buyers I'm sure …. Come and see if it works for you.

Agent Details

David Cliff, Wokingham

0118 230 2651

Next Steps?

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