4 Bed Detached House, Planning Permission, Reading, RG30 3AF, £625,000

Southcote Lane, Reading, RG30 3AF - 2 views - 3 months ago

Planning
~129 m²
+8 photos

ValuationOvervalued

Sold Prices£320K - £790K
Sold Prices/m²£2.6K/m² - £6.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.8K/m²

Value Estimate

£525,436

 

 

End Value (After Refurb)

£610,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£156,250

Stamp Duty & Legal Fees

£53,700

Refurb Costs

£60,023

Bridging Loan Interest

£16,406

Total Cash In

£288,129

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£610,000

Mortgage (After Refinance)

£457,500

Mortgage LTV

75%

Cash Left In

£288,129

Equity

£152,500

Rent Range

£1,450 - £4,200

Rent Estimate

£2,079

Running Costs/mo

£2,342

Cashflow/mo

£-263

Cashflow/yr

£-3,157

Gross Yield

4%

Local Sold Prices

50 sold prices from £320K to £790K, average is £497.5K. £2.6K/m² to £6.5K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£425K03/230 mi130, Southcote Lane, Reading RG30 3AF4
£480K10/200.15 mi29, Monks Way, Reading RG30 3DP4
£590K12/200.19 mi51, Circuit Lane, Reading RG30 3HB4
£755K04/230.2 mi68, Southcote Lane, Reading RG30 3AE4
£600K10/210.23 mi16, Winser Drive, Reading RG30 3EQ4
£790K07/220.27 mi61a, Bath Road, Reading RG30 2BB4
£575K05/210.3 mi4, Kenilworth Avenue, Reading RG30 3DN4
£575K01/210.32 mi75, Kenilworth Avenue, Reading RG30 3DL4
£470K03/210.34 mi185, Southcote Lane, Reading RG30 3AX4
£625K07/220.43 mi32, Liebenrood Road, Reading RG30 2EB4
£495K02/210.44 mi64, Edenham Crescent, Reading RG1 6HU4
£610K12/220.44 mi51, Edenham Crescent, Reading RG1 6HU4
£482.5K01/210.47 mi45c, Bath Road, Reading RG30 2AX4
£455K05/210.47 mi45b, Bath Road, Reading RG30 2AX4
£537K03/210.49 mi40, Liebenrood Road, Reading RG30 2EB4
£390K11/200.52 mi10, Maldon Close, Reading RG30 2DH4
£505K02/210.56 mi101, Tilehurst Road, Reading RG30 2NA4
£690K09/220.57 mi29, Hungerford Drive, Reading RG1 6JA4
£590K11/200.58 mi6, Hungerford Drive, Reading RG1 6JA4
£525K09/220.58 mi11, Hungerford Drive, Reading RG1 6JA4
£590K12/200.61 mi5, Baydon Drive, Reading RG1 6JB4
£420K10/200.62 mi108, Tilehurst Road, Reading RG30 2LU4
£320K12/200.62 mi54, Elm Park, Reading RG30 2HX4
£360K02/210.64 mi14, Worcester Close, Reading RG30 3BN4
£458K01/230.67 mi382, Tilehurst Road, Reading RG30 2NG4
£640K07/210.71 mi120, Cockney Hill, Tilehurst, Reading RG30 4EX4
£415K06/210.73 mi86, Brunel Road, Reading RG30 3JL4
£485K02/230.73 mi39, Portway Close, Reading RG1 6LB4
£456.3K06/210.75 mi73, Waverley Road, Reading RG30 2QB4
£355K06/210.76 mi10, The Meadway, Tilehurst, Reading RG30 4AH4
£350K02/230.77 mi43, Burghfield Road, Reading RG30 3ND4
£400K03/230.78 mi75, Westbourne Terrace, Reading RG30 2RP4
£390K03/210.79 mi91, Kensington Road, Reading RG30 2SZ4
£425K11/200.81 mi15, Tilehurst Road, Reading RG1 7TP4
£725K02/220.83 mi21, Downshire Square, Reading RG1 6NN4
£370K04/210.84 mi33, Appleford Road, Reading, West Berkshire RG30 3NX4
£555K01/230.84 mi166, Waverley Road, Reading RG30 2PZ4
£630K06/230.85 mi31, Downshire Square, Reading RG1 6NH4
£505K11/220.85 mi8, Downshire Square, Reading RG1 6NH4
£450K12/220.85 mi40, Carsdale Close, Reading RG1 6DL4
£500K11/200.87 mi81, Cockney Hill, Tilehurst, Reading RG30 4HE4
£500K02/210.87 mi79, Cockney Hill, Tilehurst, Reading RG30 4HE4
£600K03/210.87 mi47, Coley Avenue, Reading RG1 6LL4
£392.5K09/210.88 mi30, Ferndale Avenue, Reading, West Berkshire RG30 3NQ4
£465K11/220.89 mi21, Ferndale Avenue, Reading, West Berkshire RG30 3NQ4
£700K11/220.89 mi61, Cockney Hill, Tilehurst, Reading RG30 4HE4
£775K08/220.9 mi41a, Coley Avenue, Reading RG1 6LL4
£430K02/210.9 mi4, Argyle Road, Reading RG1 7YL4
£432.5K03/210.9 mi3a, Wilson Road, Reading RG30 2RS4
£640K01/210.91 mi5, Brunswick Hill, Reading RG1 7YT4

Local Rents

26 rents from £1.4K/mo to £4.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,40008/240 miSouthcote Lane, Reading, RG304
£3,00004/250.17 mi-5
£1,85004/250.17 mi-4
£4,10001/250.18 mi-5
£4,20003/250.18 mi-5
£1,75008/240.2 miShepley Drive, Reading, Berkshire, RG304
£1,60008/240.23 miCircuit Lane, Southcote, Reading, Berkshire, RG303
£1,70007/240.24 miWinser Drive, Reading3
£2,00010/240.27 mi-3
£1,90007/240.28 miKenilworth Avenue, Reading3
£1,90008/240.28 miKenilworth Avenue, Reading3
£1,90007/240.3 miKenilworth Avenue, Reading, RG303
£1,90007/240.3 miKenilworth Avenue, Reading, Berkshire, RG303
£1,45002/240.3 mi-3
£1,45012/240.3 mi-3
£1,70007/240.39 mi-3
£1,75007/240.45 miGainsborough Road, Reading, Berkshire, RG303
£1,65012/240.46 mi-3
£1,65008/240.46 miReading, Reading, RG303
£1,72503/250.5 mi-3
£2,00007/240.52 miHoney End Lane, Reading, RG303
£1,77507/240.6 miBenyon Court, Reading, RG13
£2,37507/240.61 miBenyon Court, Bath Road5
£1,75007/240.61 miBenyon Court, Bath Road, Reading, Berkshire, RG13
£1,60007/240.62 miBenyon Court, Bath Road, Reading, Berkshire, RG14
£2,75007/240.62 miReservoir Crescent, Reading, RG14

Local Area Statistics

Population in RG30

43,410

Population in Reading

321,187

Town centre distance

1.41 miles away

Nearest school

0.10 miles away

Nearest train station

0.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £625,000

March 24, 2025

Listed for £650,000

January 21, 2025

Floor Plans

Description

  • Close to Public Transport Links +
  • Four Bedrooms +
  • Shower Room +
  • Family Bathroom & W/C +
  • Detached +
  • Two Reception Rooms +
  • Conservatory +
  • Study +
  • Driveway and Garage +
  • Kitchen with Walk in Larder +

Arins Property Services - Offered to the market is this four bedroom detached property. The property is close to Reading West train station, while having excellent access to Reading town centre and is close to the A33 which leads to the M4 Motorway, as well as having regular bus routes to Reading town centre, along with fantastic access to schools such as the Wren School and Hugh Faringdon. Further accommodation includes two reception rooms, conservatory, study, kitchen, downstairs shower room, and a separate bathroom and WC. Other features includes gas central heating, double glazed windows, driveway parking for multiple vehicles, separate garage and enclosed rear garden.

Building Safety
NO as far as seller is concerned

Mobile Signal
4G excellent data and voice, 5G poor
Construction Type
Brick and pitched tiled roof

Existing Planning Permission
Title: Approval of conditions 12 and 15 of planning permission 180148, Submitted Date: 14/07/2021 00:00:00, Ref No: 211169, Decision: DECIDED, Decision Date: 06/01/2022 00:00:00
Title: Two Storey side extension. Single Storey Rear extension. Conversion ofdwelling to provide 2 no. dwellings (1x 3-bed, 1x 2-bed)., Submitted Date: 13/06/2019 00:00:00, Ref No: 190941, Decision: DECIDED, Decision Date: 16/10/2019 00:00:00
Title: Discharge of conditions 3, 4, 5 and 6 of application 180148, Submitted Date: 22/01/2019 00:00:00, Ref No: 190105, Decision: DECIDED, Decision Date: 16/07/2019 00:00:00
Title: Conversion of one dwellinghouse to 1 x 3 bedroom and 1 x 2 bedroom semi-detached dwellings and associated external alterations and new vehicular access from Southcote Lane, Submitted Date: 13/09/2010 00:00:00, Ref No: 101603, Decision: DECIDED, Decision Date: 11/05/2011 00:00:00
Coalfield or Mining
Not as far as the seller is aware

Agent Details

Arins Property Services, Tilehurst

0118 230 5656

Next Steps?

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