3 Bed Semi-Detached House, Refurb/BRRR, Reading, RG5 4LY, £425,000

43 Crockhamwell Road, Woodley, Reading, RG5 3JZ - 3 months ago

Sold STC
Refurb/BRRR
ROI: 1%
76 m²
+15 photos

ValuationOvervalued

Sold Prices£358K - £700K
Sold Prices/m²£3.2K/m² - £7K/m²

 

 

Square Metres

76.41 m²
Price/m²£5.6K/m²

Value Estimate

£336,484

 

 

End Value (After Refurb)

£421,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£35,822

Bridging Loan Interest

£11,156

Total Cash In

£177,679

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£421,500

Mortgage (After Refinance)

£316,125

Mortgage LTV

75%

Cash Left In

£177,679

Equity

£105,375

Rent Range

£1,595 - £2,250

Rent Estimate

£1,877

Running Costs/mo

£1,713

Cashflow/mo

£164

Cashflow/yr

£1,973

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £358K to £700K, average is £447.5K. £3.2K/m² to £7K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£450K08/210.02 mi86, Haddon Drive, Woodley, Reading, Wokingham RG5 4LT3
£525K02/230.02 mi96, Haddon Drive, Woodley, Reading, Wokingham RG5 4LT3
£432.5K05/210.07 mi16, Rowan Drive, Woodley, Reading, Wokingham RG5 4LW3
£425K03/210.09 mi3, Rowan Drive, Woodley, Reading, Wokingham RG5 4LN3
£505K04/230.11 mi131, Haddon Drive, Woodley, Reading, Wokingham RG5 4LZ3
£445K04/230.11 mi98, Haddon Drive, Woodley, Reading, Wokingham RG5 4LL3
£415K02/210.11 mi112, Haddon Drive, Woodley, Reading, Wokingham RG5 4LL3
£415K06/210.14 mi27, Ravensbourne Drive, Woodley, Reading, Wokingham RG5 4LH3
£495K11/220.14 mi21, Ravensbourne Drive, Woodley, Reading, Wokingham RG5 4LH3
£540K11/200.15 mi86, Butts Hill Road, Woodley, Reading, Wokingham RG5 4NR3
£425K11/200.16 mi96, Butts Hill Road, Woodley, Reading, Wokingham RG5 4NR3
£358K11/200.17 mi31, Halstead Close, Woodley, Reading, Wokingham RG5 4LD3
£418K01/210.18 mi11, Haddon Drive, Woodley, Reading, Wokingham RG5 4LX3
£400K12/200.19 mi34, Ravensbourne Drive, Woodley, Reading, Wokingham RG5 4LJ3
£460K06/210.19 mi101, Butts Hill Road, Woodley, Reading, Wokingham RG5 4NT3
£475K12/220.23 mi38, Selsdon Avenue, Woodley, Reading, Wokingham RG5 4PG3
£465K05/230.23 mi48, Rochester Avenue, Woodley, Reading, Wokingham RG5 4NA3
£468K07/230.23 mi50, Rochester Avenue, Woodley, Reading, Wokingham RG5 4NA3
£485K01/230.24 mi76, Headley Road, Woodley, Reading, Wokingham RG5 4JE3
£460K06/230.26 mi34, Headley Road, Woodley, Reading, Wokingham RG5 4JA3
£700K04/230.26 mi24, Butts Hill Road, Woodley, Reading, Wokingham RG5 4NH3
£675K03/230.26 mi38, Butts Hill Road, Woodley, Reading, Wokingham RG5 4NH3
£375K03/210.27 mi76, Rochester Avenue, Woodley, Reading, Wokingham RG5 4NB3
£408K02/210.27 mi86, Rochester Avenue, Woodley, Reading, Wokingham RG5 4NB3
£470K12/200.28 mi20, Western Avenue, Woodley, Reading, Wokingham RG5 3BH3
£565K06/230.28 mi6, Western Avenue, Woodley, Reading, Wokingham RG5 3BH3
£450K04/210.29 mi18, St Johns Close, Woodley, Reading, Wokingham RG5 4RD3
£405K03/210.29 mi11, St Johns Close, Woodley, Reading, Wokingham RG5 4RD3
£427K01/230.3 mi55, Telford Crescent, Woodley, Reading, Wokingham RG5 4QT3
£465K03/210.3 mi9, Caldbeck Drive, Woodley, Reading, Wokingham RG5 4LA3
£480K07/210.3 mi11, Caldbeck Drive, Woodley, Reading, Wokingham RG5 4LA3
£410K01/230.32 mi4, Woodley Green, Woodley, Reading, Wokingham RG5 4QP3
£372.5K04/210.32 mi3, Woodley Green, Woodley, Reading, Wokingham RG5 4QP3
£401K11/200.32 mi24, Lavenham Drive, Woodley, Reading, Wokingham RG5 4PP3
£460K03/210.32 mi291, Loddon Bridge Road, Woodley, Reading, Wokingham RG5 4BE3
£385K01/230.33 mi26, Wheble Drive, Woodley, Reading, Wokingham RG5 3DT3
£455K03/210.34 mi10, Warren Road, Woodley, Reading, Wokingham RG5 3AP3
£485K06/210.36 mi10, Arundel Road, Woodley, Reading, Wokingham RG5 4JL3
£465K11/200.36 mi32, Walmer Road, Woodley, Reading, Wokingham RG5 4PN3
£382.5K02/210.37 mi49, Sherbourne Drive, Woodley, Reading, Wokingham RG5 4QY3
£417K02/230.37 mi23, Sherbourne Drive, Woodley, Reading, Wokingham RG5 4QY3
£410K11/200.37 mi31, Arundel Road, Woodley, Reading, Wokingham RG5 4JP3
£650K10/220.39 mi3, Boulters Close, Woodley, Reading, Wokingham RG5 4QW3
£445K10/200.4 mi24, Badgers Rise, Woodley, Reading, Wokingham RG5 3AJ3
£360K06/210.4 mi10, Badgers Rise, Woodley, Reading, Wokingham RG5 3AJ3
£493K03/230.4 mi9, Badgers Rise, Woodley, Reading, Wokingham RG5 3AJ3
£480K04/230.4 mi29, Badgers Rise, Woodley, Reading, Wokingham RG5 3AJ3
£405K02/210.41 mi23, Willowside, Woodley, Reading, Wokingham RG5 4HJ3
£405K02/210.41 mi116, Wheble Drive, Woodley, Reading, Wokingham RG5 3DU3
£399.9K03/210.41 mi112, Wheble Drive, Woodley, Reading, Wokingham RG5 3DU3

Local Rents

26 rents from £1.6K/mo to £2.3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,85003/250.04 mi-3
£1,85003/250.04 mi-3
£2,00007/240.09 mi-3
£1,90007/240.13 miAshtrees Road, Woodley, Reading3
£1,85002/250.15 mi-3
£1,70007/240.16 miHaddon Drive, Woodley3
£1,95007/240.18 miEynsham Close3
£2,25007/240.18 miEynsham Close, Woodley, Reading, RG53
£2,15006/240.18 mi-3
£1,85012/240.2 mi-3
£2,00002/250.2 mi-3
£1,62507/240.21 miHeadley Road, Woodley, Reading, RG53
£2,10007/240.25 miWoodley, Reading, RG53
£2,20007/240.26 miButts Hill Road, Woodley3
£1,60007/240.32 miTelford Crescent, Woodley, Reading, Berkshire, RG53
£1,60007/240.4 miBadgers Rise3
£1,80007/240.43 miBeechwood Avenue, Woodley, RG53
£1,80004/250.45 mi-3
£2,05004/250.45 mi-3
£1,85012/240.49 mi-3
£2,00009/240.51 miBakers Place, Woodley3
£1,85007/240.53 mi-3
£1,72007/240.54 mi-3
£2,25007/240.56 miGemini Road, Woodley, Reading, Berkshire, RG53
£1,59512/240.58 miWest Court, West Drive, Sonning, Reading, RG43
£1,65007/240.61 miChequers Way3

Local Area Statistics

Population in RG5

25,444

Population in Reading

321,187

Town centre distance

3.06 miles away

Nearest school

0.20 miles away

Nearest train station

1.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-31%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £425,000

January 24, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Semi-Detached +
  • No Onward Chain +
  • Gough Cooper Built Property +
  • Large Garden Backing Onto Woodford Park +
  • Sought After North Woodley Location +

* SOLD PRIOR TO MARKETING *- Offered to the market with NO ONWARD CHAIN is this Gough Cooper bay fronted semidetached family home situated approximately half a mile walk from Woodley shopping centre. The property is in need of some modernisation but offers accommodation comprising; entrance hall, bay fronted living room, dining room, kitchen, family room, WC, three bedrooms and a family bathroom. Externally there is driveway parking and an enclosed mature rear garden backing onto Woodford Park. The property is conveniently located within easy reach of Woodford Park, local schools and Reading Town Centre. The A329M is less than five minutes away with easy access to rail links. Viewing is recommended.

Agent Details

Parkers, Woodley

0118 230 0625

Next Steps?

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