2 Bed Terraced House, Single Let, Reading, RG2 7PH, £230,000

Northumberland Avenue, Reading, Berkshire, RG2 7PH - 3 months ago

Auction
BTL
ROI: 5%
~64 m²
+5 photos

ValuationUndervalued

Sold Prices£215K - £425K
Sold Prices/m²£3.4K/m² - £6.3K/m²

 

 

Square Metres

~64.13 m²
Price/m²£3.6K/m²

Value Estimate

£282,926
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£14,800

Total Cash In

£72,300

 

 

Cash Out

 

Rent Range

£1,200 - £3,989

Rent Estimate

£1,295

Running Costs/mo

£998

Cashflow/mo

£297

Cashflow/yr

£3,567

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £215K to £425K, average is £304K. £3.4K/m² to £6.3K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£355K12/220.06 mi4, Blagdon Road, Reading RG2 7NN2
£280K03/230.1 mi91, Callington Road, Reading RG2 7QG2
£365K11/220.14 mi8, Landrake Crescent, Reading RG2 8AJ2
£333K02/230.16 mi67, Brixham Road, Reading RG2 7RB2
£265K08/210.16 mi87, Brixham Road, Reading RG2 7RB2
£310K03/230.17 mi58, Ashburton Road, Reading RG2 7PE2
£270K06/210.23 mi7, Merrivale Gardens, Reading RG2 8AR2
£265K03/210.23 mi45, Ashmore Road, Reading RG2 8AG2
£242K04/210.24 mi57, Ashburton Road, Reading RG2 7PA2
£270K02/210.25 mi13, Kingston Gardens, Reading RG2 7SH2
£270K04/210.26 mi40, Lamerton Road, Reading RG2 8AS2
£270K03/210.26 mi53, Lamerton Road, Reading RG2 8AS2
£255K02/210.26 mi43, Lamerton Road, Reading RG2 8AS2
£407K02/230.28 mi44, Birdhill Avenue, Reading RG2 7JU2
£325K07/230.29 mi13, Padstow Gardens, Reading RG2 8BB2
£315K06/230.31 mi28, Merton Road South, Reading RG2 8AX2
£420K10/220.33 mi91, Birdhill Avenue, Reading RG2 7JU2
£301K12/220.35 mi22, Yelverton Road, Reading RG2 7SU2
£275K06/210.4 mi175, Northumberland Avenue, Reading RG2 7PX2
£320K06/230.4 mi48, Long Barn Lane, Reading RG2 7SX2
£262K05/210.43 mi41, Salcombe Road, Reading RG2 7LH2
£276K07/210.45 mi45, Staverton Road, Reading RG2 7LL2
£370K01/230.5 mi92, Longships Way, Reading RG2 0FZ2
£256K04/210.52 mi80, Linden Road, Reading RG2 7EH2
£275K12/200.52 mi70, Linden Road, Reading RG2 7EH2
£347.5K05/210.53 mi561, Basingstoke Road, Reading RG2 0SH2
£265K05/210.55 mi286, Basingstoke Road, Reading RG2 0HN2
£313K02/230.55 mi1, Greenfields Road, Reading RG2 8SE2
£360K12/220.56 mi16, Hazel Crescent, Reading RG2 7ND2
£305K06/210.57 mi22, Hazel Crescent, Reading RG2 7ND2
£300K01/210.57 mi34, Hazel Crescent, Reading RG2 7ND2
£325K03/230.59 mi5, Greenfields Road, Reading RG2 8SF2
£330K06/230.6 mi24, Puffin Way, Reading RG2 0GT2
£292K02/210.6 mi83, Winton Road, Reading RG2 8HL2
£348K11/220.61 mi14, Linden Road, Reading RG2 7EQ2
£360K03/230.61 mi108, Winton Road, Reading RG2 8HL2
£335K07/230.62 mi6, Farrowdene Road, Reading RG2 8SD2
£303K06/210.63 mi12, Lindisfarne Way, Reading RG2 0GS2
£333K12/220.65 mi9, Cedar Road, Reading RG2 7ER2
£260K11/210.68 miFlat 503, Cygnet House, Drake Way, Reading RG2 0NX2
£280K03/210.68 mi27, Lincoln Road, Reading RG2 0EX2
£280K06/210.69 mi512, Northumberland Avenue, Reading RG2 8NY2
£330K10/210.69 mi518, Northumberland Avenue, Reading RG2 8NY2
£335K07/210.71 mi19, Heatherden Close, Reading RG2 8SB2
£215K09/210.75 mi44, Emmbrook Court, Reading RG6 5TZ2
£225K03/210.75 mi16, Ashby Court, Reading RG2 8PG2
£425K08/230.8 mi9, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£305K07/230.81 mi2, Langdale Gardens, Earley, Reading, Wokingham RG6 5TX2
£310K05/210.83 mi46, St Barnabas Road, Reading, Wokingham RG2 8ED2
£282K05/210.85 mi34, Woodside Way, Reading, Wokingham RG2 8SX2

Local Rents

49 rents from £1.2K/mo to £4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,40002/240.09 mi-2
£1,40003/250.09 mi-2
£1,50003/250.17 mi-2
£1,60003/250.19 mi-2
£1,75003/250.2 mi-2
£1,45009/240.23 miAshmore Road, Reading, Berkshire, RG22
£1,50007/240.26 miLamerton Road, Reading, Berkshire, RG22
£1,50004/250.26 mi-2
£1,45004/250.26 mi-2
£1,45004/250.26 mi-2
£1,40002/250.29 mi-2
£1,29507/240.35 miFlat 3, 51 Cressingham Road2
£1,29507/240.35 miCressingham Road2
£1,40004/250.37 mi-2
£1,70008/240.44 mi-2
£1,70008/240.44 miHartland Road, Reading, RG22
£1,60009/240.51 mi-2
£1,50010/240.51 mi-2
£1,50010/240.51 mi-2
£1,30007/240.51 miWhale Avenue, Reading, RG22
£1,55009/240.51 miHeron House, Rushley Way, RG22
£1,65008/240.51 miHavergate Way, Kennet Island, RG22
£2,50002/250.51 mi-2
£2,50003/250.51 mi-2
£1,55007/240.52 miPalmerston House, 3 Aran Walk, Reading, Berkshire, RG22
£1,60007/240.52 miPuffin Way, Reading, RG22
£1,55009/240.52 miPuffin Way, Reading, RG22
£1,45009/240.53 miLinden Road, Reading, Berkshire, RG22
£1,42504/250.54 mi-2
£1,50009/240.55 miHavergate Way, Kennet Island2
£1,50001/250.55 mi-2
£1,55007/240.55 miHeron House, Rushley Way, Reading, Berkshire, RG22
£1,60009/240.56 miKennett Island, Reading2
£1,55007/240.56 miHeron House, Kennet Island2
£1,50008/240.56 miRushley Way, Reading, Berkshire, RG22
£1,85002/240.56 mi-2
£1,95009/240.56 mi-2
£1,95001/250.56 mi-2
£1,90004/250.56 mi-2
£1,20007/240.56 miWindermere Road, Reading, Berkshire, RG22
£1,40009/240.57 miWentworth Avenue, Reading, Berkshire, RG22
£1,25007/240.57 miWindermere Road, Reading, RG22
£1,55007/240.57 miGweal Avenue, Reading, Berkshire, RG22
£1,72502/250.57 mi-2
£1,40007/240.57 miHeron House, Rushley Way, Reading, Berkshire, RG22
£3,98910/240.58 mi-2
£3,59912/240.58 mi-2
£1,25003/250.58 mi-2
£1,40007/240.58 miHavergate Way, Reading, RG22

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

1.67 miles away

Nearest school

0.20 miles away

Nearest train station

1.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Price changed to £230,000

February 4, 2025

Listed for £240,000

January 22, 2025

Floor Plans

Description

  • Two Bedrooms +
  • End of Terrace +
  • Garden +
  • Off Street Allocated Parking +
  • No Onward Chain +
  • Close to Local Amenities +

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £230,000

Offered to the market with no onward chain is this well-presented two bedroom end of terrace house. Situated on Northumberland Avenue providing easy access to a wide range of local amenities including schools, shops, transport links and the Reading Town Centre.

The property offers light and spacious accommodation comprising: entrance hallway, an open-plan living/dining area, & kitchen downstairs, whilst upstairs there are two bedrooms and a family bathroom. The property also benefits from a good-sized garden to the front and allocated parking. Viewing is recommended.

Council Tax Band C (Reading Borough Council)

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Agent Details

Parkers, Reading

0118 230 6420

Next Steps?

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