3 Bed Detached House, Planning Permission, Reading, RG2 7HA, £599,950

12b Northcourt Avenue, Reading, RG2 7HA - 1 views - 3 months ago

Sold STC
Planning
104 m²
+15 photos

ValuationOvervalued

Sold Prices£225K - £655K
Sold Prices/m²£3K/m² - £5.8K/m²

 

 

Square Metres

104 m²
Price/m²£5.8K/m²

Value Estimate

£454,316

 

 

End Value (After Refurb)

£580,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£149,988

Stamp Duty & Legal Fees

£51,195

Refurb Costs

£48,598

Bridging Loan Interest

£15,749

Total Cash In

£267,279

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£580,000

Mortgage (After Refinance)

£435,000

Mortgage LTV

75%

Cash Left In

£267,279

Equity

£145,000

Rent Range

£663 - £3,500

Rent Estimate

£1,704

Running Costs/mo

£2,173

Cashflow/mo

£-469

Cashflow/yr

£-5,632

Gross Yield

3%

Local Sold Prices

50 sold prices from £225K to £655K, average is £362K. £3K/m² to £5.8K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£405K06/210.11 mi19, Cintra Close, Reading RG2 7AL3
£585K03/210.18 mi38, The Mount, Reading RG1 5HL3
£655K06/210.22 mi19, The Mount, Reading RG1 5HL3
£540K11/200.22 mi6, The Mount, Reading RG1 5HL3
£328K05/210.24 mi10, Stanhope Road, Reading RG2 7HL3
£426K03/230.24 mi22, Stanhope Road, Reading RG2 7HL3
£292K11/210.26 mi89, Hexham Road, Reading RG2 7UA3
£401K01/230.27 mi2, Newcastle Road, Reading RG2 7TR3
£377K05/230.27 mi18, Newcastle Road, Reading RG2 7TR3
£340K01/230.27 mi1, Barnsdale Road, Reading RG2 7JJ3
£340K03/210.28 mi3, Barnsdale Road, Reading RG2 7JJ3
£448.3K12/220.28 mi27, Stanhope Road, Reading RG2 7HW3
£400K06/210.29 mi1, Northumberland Avenue, Reading RG2 7PR3
£365K06/210.33 mi27, Stanhope Road, Reading RG2 7HW3
£364.1K05/230.33 mi51, Stanhope Road, Reading RG2 7HW3
£280K05/210.33 mi20, Hexham Road, Reading RG2 7UG3
£269.9K10/200.33 mi32, Hexham Road, Reading RG2 7UG3
£359.9K03/210.34 mi2, Windermere Road, Reading RG2 7HP3
£451K06/210.35 mi3, Whitby Drive, Reading RG1 5HW3
£372K06/210.35 mi101, Northumberland Avenue, Reading RG2 7PT3
£415K09/210.36 mi86, Northumberland Avenue, Reading RG2 7PP3
£647.5K12/220.36 mi9, Avebury Square, Reading RG1 5JH3
£585.5K12/220.36 mi2, Avebury Square, Reading RG1 5JH3
£450K05/230.41 mi124, Kendrick Road, Reading RG1 5DP3
£290K11/200.41 mi47, Windermere Road, Reading RG2 7HU3
£425K03/230.41 mi45, Windermere Road, Reading RG2 7HU3
£350K11/220.42 mi91, Barnsdale Road, Reading RG2 7JG3
£317.5K01/210.42 mi69, Barnsdale Road, Reading RG2 7JG3
£287K04/210.42 mi71, Barnsdale Road, Reading RG2 7JG3
£280K11/200.43 mi110, Staverton Road, Reading RG2 7LG3
£465K02/230.43 mi64, Windermere Road, Reading RG2 7HR3
£325K02/210.43 mi106, Windermere Road, Reading RG2 7HR3
£338K06/230.44 mi25, Surrey Road, Reading RG2 0EU3
£350K06/210.44 mi12, Surrey Road, Reading RG2 0EU3
£269K09/210.45 mi180, Staverton Road, Reading RG2 7JY3
£310K11/210.45 mi2, Salcombe Road, Reading RG2 7LJ3
£475K12/200.46 mi117, Northcourt Avenue, Reading RG2 7HG3
£470K11/200.46 mi119, Northcourt Avenue, Reading RG2 7HG3
£300K08/210.46 mi123, Staverton Road, Reading RG2 7JZ3
£385K11/200.48 mi31, Bourne Avenue, Reading RG2 0DU3
£435K12/220.48 mi22, Bourne Avenue, Reading RG2 0DU3
£330K04/230.48 mi8, Winchester Road, Reading RG2 0EY3
£327K03/210.48 mi22, Winchester Road, Reading RG2 0EY3
£225K12/200.48 mi21, Winchester Road, Reading RG2 0EY3
£310K03/230.48 mi62, Swainstone Road, Reading RG2 0DX3
£320K06/210.48 mi29, Swainstone Road, Reading RG2 0DX3
£444K08/230.48 mi10, Shenstone Road, Reading RG2 0DT3
£295K04/210.48 mi13, Shenstone Road, Reading RG2 0DT3
£375K12/200.48 mi7, Shenstone Road, Reading RG2 0DT3
£285K03/210.5 mi180, Northumberland Avenue, Reading RG2 7PU3

Local Rents

50 rents from £663/mo to £3.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,75007/240.13 miChristchurch Road3
£1,65007/240.22 miThe Mount,Reading3
£1,60007/240.22 miThe Mount, Reading, RG1 5HL3
£1,50010/240.26 mi-3
£1,59511/240.26 mi-3
£1,65002/250.26 mi-3
£1,65007/240.29 miNorthumberland Avenue, Reading, Berkshire, RG23
£1,80004/250.31 mi-3
£1,60007/240.32 miBarnsdale Road, Reading, Berkshire, RG23
£1,85009/240.36 miNorthumberland Avenue, Reading, Berkshire3
£1,50007/240.41 miSurrey Road, Reading, Berkshire3
£1,60007/240.41 miSurrey Road, Reading, Berkshire3
£2,10007/240.42 miShinfield Road, Reading, Berkshire, RG23
£1,65007/240.43 miWindermere Road, Reading, Berkshire, RG23
£1,65008/240.43 miWindermere Road, Reading, Berkshire, RG23
£1,70007/240.44 miSurrey Road, Reading, Berkshire, RG23
£3,50007/240.44 mi-3
£1,65009/240.44 miSurrey Road3
£1,55003/250.46 mi-3
£1,60009/240.47 miSwainstone Road, Reading, Berkshire, RG23
£1,50007/240.48 miSwainstone Road, Reading3
£1,50008/240.48 mi-3
£1,70011/240.48 mi-3
£1,75007/240.49 miShenstone Road, Reading, Berkshire, RG23
£1,45007/240.49 miHighgrove Street, Reading, Berkshire, RG13
£1,70007/240.5 miDonnington Gardens, Reading3
£1,60007/240.5 miHatherley Road, Reading3
£1,80007/240.51 miRowley Road, Reading, RG23
£1,80007/240.51 mi-3
£1,80004/250.51 mi-3
£1,70008/240.51 mi-3
£1,75008/240.51 miRowley Road, Reading, Berkshire, RG23
£1,60008/240.53 miHighgrove Street, Reading3
£1,62512/240.53 mi-3
£1,29507/240.54 miFoxhill Road, Reading3
£1,75009/240.54 miHagley Road, Reading3
£1,60011/240.54 mi-3
£2,00001/250.55 mi-3
£2,00007/240.56 mi-3
£66310/240.56 mi-3
£2,00007/240.56 miDonnington Gardens, Reading, Berkshire, RG13
£1,50007/240.56 miCardigan Gardens, Reading, RG1 5QP3
£1,45007/240.59 miWaldeck Street, Reading, RG13
£1,72504/250.59 mi-3
£1,65007/240.59 miCressingham Road, Reading, Berkshire, RG23
£1,75004/250.6 mi-3
£1,65007/240.6 mi10 Broadoak Place3
£1,90004/250.61 mi-3
£2,39502/250.61 mi-3
£1,47512/240.62 mi-3

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

1.07 miles away

Nearest school

0.20 miles away

Nearest train station

1.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Price changed to £599,950

February 24, 2025

Listed for £625,000

January 28, 2025

Floor Plans

Description

  • Vacant possession +
  • Character detached house +
  • Large garage +
  • Three double bedrooms +
  • Courtyard parking +
  • Tucked away setting +
  • Attractive accommodation +
  • Tax band C +

This detached property, located on a large plot in the desirable Reading University area, offers both character and potential. The property is situated in a convenient location and presents an excellent opportunity for extension, subject to the necessary planning permissions. A notable feature is the substantial garage, measuring 10.5 x 3.8 meters, which provides ample space for enlarging the kitchen whilst still retaining the garage.
The property is well-maintained and features modern updates, including recently installed windows, a modern kitchen, and a attractive bathroom. The accommodation includes an entrance hall, sitting room, a spacious kitchen, and a separate dining room. Upstairs, there are three generously sized double bedrooms and family bathroom.
Outside, the large rear garden provides plenty of space and to the front there is good parking.
This property offers a rare combination of character, modern comfort, and potential for enhancement, all within a prime location near Reading University

EPC - B
Tax Band - C
Proceedable buyers only

Garage - 10.49m x 3.89m (34'5 x 12'9) -

Kitchen - 4.80m x 2.36m (15'9 x 7'9) -

Dining Room - 3.91m x 2.90m (12'10 x 9'6) -

Living Room - 4.80m x 3.35m (15'9 x 11) -

Store -

First Floor Bathroom -

Bedroom - 3.15m x 3.10m (10'4 x 10'2) -

Bedroom - 3.71m x 3.10m (12'2 x 10'2) -

Bedroom - 4.80m x 3.35m (15'9 x 11) -

Agent Details

Walmsley Estate Agents, Caversham

0118 230 5597

Next Steps?

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