3 Bed Semi-Detached House, Refurb/BRRR, Reading, RG1 6LT, £425,000

Coley Avenue, Reading, Berkshire, RG1 6LT - 5 views - 3 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 1%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£150K - £650K
Sold Prices/m²£2.5K/m² - £6.2K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£371,011

 

 

End Value (After Refurb)

£423,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£43,179

Bridging Loan Interest

£11,156

Total Cash In

£185,035

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£423,750

Mortgage (After Refinance)

£317,813

Mortgage LTV

75%

Cash Left In

£185,035

Equity

£105,938

Rent Range

£1,295 - £3,545

Rent Estimate

£1,805

Running Costs/mo

£1,705

Cashflow/mo

£100

Cashflow/yr

£1,197

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £150K to £650K, average is £372.5K. £2.5K/m² to £6.2K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£340K02/230 mi83, Coley Avenue, Reading RG1 6LT3
£450K06/230.05 mi11, Carsdale Close, Reading RG1 6DL3
£425K02/220.06 mi12, Froxfield Avenue, Reading RG1 6LR3
£462K05/210.08 mi9, Upavon Drive, Reading RG1 6LP3
£422.5K07/230.1 mi41, Wensley Road, Reading RG1 6DQ3
£370K12/200.14 mi6, Tintern Crescent, Reading RG1 6HA3
£565K11/220.14 mi44, Berkeley Avenue, Reading RG1 6JE3
£354K06/210.15 mi15, Tintern Crescent, Reading RG1 6HB3
£475K03/210.15 mi28, Baydon Drive, Reading RG1 6JB3
£341K09/210.15 mi194, St Saviours Road, Reading RG1 6EU3
£350K07/230.15 mi184, St Saviours Road, Reading RG1 6EU3
£348K02/210.16 mi34, Portway Close, Reading RG1 6LB3
£375K03/230.16 mi31, Portway Close, Reading RG1 6LB3
£368K06/210.17 mi130, St Saviours Road, Reading RG1 6ET3
£465K11/220.19 mi159, St Saviours Road, Reading RG1 6EY3
£320.5K07/210.19 mi2, Bucknell Court, Reading RG1 6FB3
£315K11/210.21 mi7, Tupsley Road, Reading RG1 6EX3
£340K03/230.21 mi9, Tupsley Road, Reading RG1 6EX3
£355K03/210.21 mi121, St Saviours Road, Reading RG1 6EP3
£422.5K01/210.22 mi6, Berkeley Avenue, Reading RG1 6JE3
£550K03/220.24 mi16, Ashley Road, Reading RG1 6HT3
£313.5K11/200.24 mi52, Boston Avenue, Reading RG1 6JU3
£410K03/210.24 mi36, Boston Avenue, Reading RG1 6JU3
£450K12/220.25 mi31, Trelleck Road, Reading RG1 6EN3
£330K09/210.25 mi38, Trelleck Road, Reading RG1 6EN3
£550K09/210.26 mi8, Berkeley Avenue, Reading RG1 6JE3
£315K11/200.28 mi38, Lesford Road, Reading RG1 6DX3
£298K12/200.28 mi5, Lesford Road, Reading RG1 6DX3
£410K04/230.28 mi41, Lesford Road, Reading RG1 6DX3
£400K10/220.29 mi25, Coley Avenue, Reading RG1 6LJ3
£360K09/220.32 mi179, Wensley Road, Reading RG1 6DU3
£375K09/210.33 mi21, Edenham Crescent, Reading RG1 6HU3
£367.1K05/210.33 mi35, Edenham Crescent, Reading RG1 6HU3
£345K06/210.33 mi17, Edenham Crescent, Reading RG1 6HU3
£397K12/200.34 mi31, St Saviours Road, Reading RG1 6EJ3
£330K01/210.34 mi35, St Saviours Road, Reading RG1 6EJ3
£425K11/220.34 mi111, St Saviours Road, Reading RG1 6EJ3
£380K04/230.34 mi91, Swallows Croft, Reading RG1 6EH3
£250K11/220.35 mi6, Heron Way, Reading RG1 6DY3
£365K06/210.37 mi35, Dover Street, Reading RG1 6AX3
£335K04/210.38 mi69, Brunswick Street, Reading RG1 6NY3
£150K12/200.38 mi85, Brunswick Street, Reading RG1 6NY3
£463K06/210.42 mi11, Southcote Lane, Reading RG30 3AA3
£310K08/210.44 mi78, Wolseley Street, Reading RG1 6AY3
£620K07/230.44 mi31, Kenilworth Avenue, Reading RG30 3DL3
£266K03/210.45 mi9, Belle Vue Terrace, Reading RG1 6PA3
£435K10/200.47 mi60, Kenilworth Avenue, Reading RG30 3DN3
£550K03/230.47 mi50, Kenilworth Avenue, Reading RG30 3DN3
£650K06/210.48 mi75, Baker Street, Reading RG1 7XY3
£450K11/220.48 mi5, Deepdene Close, Reading RG1 7YX3

Local Rents

49 rents from £1.3K/mo to £3.5K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,70001/250.05 mi-3
£1,70007/240.05 miCarsdale Close, Reading, Berkshire, RG13
£1,75007/240.07 miFroxfield Avenue, Reading, RG13
£1,75007/240.07 miFroxfield Avenue, Reading, RG13
£2,25007/240.11 mi-3
£1,65008/240.16 miPortway Close3
£2,00002/240.16 mi-3
£1,80008/240.19 mi-3
£1,60007/240.2 miBath Road, Reading, RG13
£3,00012/240.22 mi-3
£1,85007/240.22 miBath Road, Reading, RG13
£1,50002/240.23 mi-3
£1,79501/250.23 mi-3
£1,65007/240.24 miBerkeley Avenue, Reading, Berkshire, RG13
£1,75007/240.25 miBenyon Court, Bath Road, Reading, Berkshire, RG13
£1,30010/230.25 miYew Lane, Reading, Berkshire, RG13
£1,77507/240.25 miBenyon Court, Reading, RG13
£1,60007/240.26 miYew Lane, Reading, Berkshire, RG13
£1,72503/250.27 mi-3
£1,55007/240.32 miBrunswick Street, Reading, RG13
£1,60007/240.35 miChurch Terrace, Reading, RG13
£1,65009/240.38 mi-3
£1,57508/240.39 mi3 Bedroom House, Wolseley Street, Reading3
£1,55007/240.39 mi-3
£1,55007/240.39 miBrunswick Street, Reading, RG13
£1,50012/240.42 mi-3
£1,62507/240.46 mi-3
£1,90007/240.47 miKenilworth Avenue, Reading, RG303
£1,90007/240.47 miKenilworth Avenue, Reading, Berkshire, RG303
£1,90007/240.48 miKenilworth Avenue, Reading3
£1,90008/240.48 miKenilworth Avenue, Reading3
£3,20007/240.48 mi-3
£1,90008/240.51 miCarey Street, Reading, Berkshire, RG13
£2,00008/240.51 mi-3
£1,65007/240.53 miClifton Street, Reading3
£1,85007/240.54 miNew Bright Street, Reading, RG13
£1,80009/240.54 mi-3
£1,50009/240.55 miElgar Road, Reading, Berkshire, RG23
£1,50003/250.56 mi-3
£1,29507/240.56 miWaylen Street, Reading3
£2,10008/240.56 miRiverside View, Berkeley Avenue, Reading, RG13
£1,75007/240.57 miElgar Road3
£1,50007/240.57 miElgar Road, Reading, Berkshire, RG23
£1,65007/240.57 miElgar Road, Reading3
£1,70007/240.57 miWinser Drive, Reading3
£3,54502/250.58 mi-3
£1,77502/250.58 mi-3
£1,59507/240.58 miElgar Road, Reading, Berkshire, RG23
£1,65007/240.59 miElgar road, Reading, RG23

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.69 miles away

Nearest school

0.10 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £425,000

January 23, 2025

Floor Plans

Description

  • Three bedrooms +
  • No onward chain +
  • Potential to develop +
  • Off street parking +
  • Wet room +

* OPEN HOUSE WEDNESDAY 29TH JANUARY 5PM - 6PM *

Situated in a sought-after residential area, this charming semi-detached house offers a perfect blend of modern amenities and traditional charm. Boasting three spacious bedrooms, two reception rooms, and two bathrooms, this property provides ample space for comfortable living. The property comes with an annex like style extension which has a bedroom and wet room. The well-maintained garden and off-street parking further enhance the appeal of this home.

The interior features a bright and airy living space, with large windows allowing natural light to flood in. The kitchen is well-equipped and needs modernisation, which could be extended subject to planning permission. The bedrooms are generously sized, offering a peaceful retreat at the end of the day.

Conveniently located close to local amenities, schools, and transport links, this property is ideal for families or professionals looking for a stylish and welcoming home. Don't miss out on the opportunity to make this house your own. Contact us today to arrange a viewing.

Agent Details

Romans, Reading

0118 230 5271

Next Steps?

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