2 Bed Bungalow, Single Let, Reading, RG2 8HL, £375,000

Winton Road, Reading, RG2 8HL - 3 months ago

BTL
~68 m²
+10 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£305,922

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£28,700

Total Cash In

£122,450

 

 

Cash Out

 

Rent Range

£1,150 - £1,750

Rent Estimate

£1,150

Running Costs/mo

£1,422

Cashflow/mo

£-272

Cashflow/yr

£-3,262

Gross Yield

4%

Local Sold Prices

50 sold prices from £215K to £425K, average is £311.5K. £3.4K/m² to £6.3K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£292K02/210.01 mi83, Winton Road, Reading RG2 8HL2
£360K03/230.07 mi108, Winton Road, Reading RG2 8HL2
£420K06/230.27 miChinthurst, Shinfield Road, Shinfield, Reading, Wokingham RG2 9BE2
£256K04/210.32 mi80, Linden Road, Reading RG2 7EH2
£275K12/200.32 mi70, Linden Road, Reading RG2 7EH2
£333K12/220.33 mi9, Cedar Road, Reading RG2 7ER2
£310K05/210.36 mi46, St Barnabas Road, Reading, Wokingham RG2 8ED2
£348K11/220.38 mi14, Linden Road, Reading RG2 7EQ2
£375K03/230.45 mi14, Beighton Close, Lower Earley, Reading, Wokingham RG6 4HZ2
£305K02/210.46 mi24, Beighton Close, Lower Earley, Reading, Wokingham RG6 4HZ2
£300K04/210.47 mi4, Duckett's Mead, Shinfield, Reading, Wokingham RG2 9GY2
£360K12/220.48 mi16, Hazel Crescent, Reading RG2 7ND2
£305K06/210.49 mi22, Hazel Crescent, Reading RG2 7ND2
£300K01/210.49 mi34, Hazel Crescent, Reading RG2 7ND2
£280K06/210.5 mi512, Northumberland Avenue, Reading RG2 8NY2
£330K10/210.5 mi518, Northumberland Avenue, Reading RG2 8NY2
£215K09/210.52 mi44, Emmbrook Court, Reading RG6 5TZ2
£305K07/230.53 mi2, Langdale Gardens, Earley, Reading, Wokingham RG6 5TX2
£265K03/210.54 mi45, Ashmore Road, Reading RG2 8AG2
£375K04/230.54 mi22, Worrall Way, Lower Earley, Reading, Wokingham RG6 4AW2
£295K03/210.54 mi22, Worrall Way, Lower Earley, Reading, Wokingham RG6 4AW2
£425K08/230.56 mi9, Flaxman Close, Earley, Reading, Wokingham RG6 5TH2
£355K12/220.56 mi4, Blagdon Road, Reading RG2 7NN2
£407K02/230.57 mi44, Birdhill Avenue, Reading RG2 7JU2
£282K05/210.58 mi34, Woodside Way, Reading, Wokingham RG2 8SX2
£420K10/220.59 mi91, Birdhill Avenue, Reading RG2 7JU2
£357.5K03/230.59 mi28, Tilney Way, Lower Earley, Reading, Wokingham RG6 4AD2
£270K04/210.61 mi40, Lamerton Road, Reading RG2 8AS2
£270K03/210.61 mi53, Lamerton Road, Reading RG2 8AS2
£255K02/210.61 mi43, Lamerton Road, Reading RG2 8AS2
£313K02/230.61 mi1, Greenfields Road, Reading RG2 8SE2
£365K11/220.61 mi8, Landrake Crescent, Reading RG2 8AJ2
£299.5K04/230.64 mi15, Shirley Avenue, Reading RG2 8TE2
£335K07/230.64 mi6, Farrowdene Road, Reading RG2 8SD2
£315K04/210.66 mi17, Fakenham Close, Lower Earley, Reading, Wokingham RG6 4AB2
£310K03/230.66 mi58, Ashburton Road, Reading RG2 7PE2
£242K04/210.66 mi57, Ashburton Road, Reading RG2 7PA2
£375K05/230.66 mi108, Shirley Avenue, Reading, Wokingham RG2 8TD2
£357K01/230.66 mi20, Shirley Avenue, Reading RG2 8TD2
£399.9K03/210.66 mi5, Mace Close, Earley, Reading, Wokingham RG6 7XX2
£270K06/210.67 mi7, Merrivale Gardens, Reading RG2 8AR2
£280K03/230.67 mi91, Callington Road, Reading RG2 7QG2
£325K03/230.67 mi5, Greenfields Road, Reading RG2 8SF2
£315K06/230.68 mi28, Merton Road South, Reading RG2 8AX2
£335K07/210.71 mi19, Heatherden Close, Reading RG2 8SB2
£325K06/230.72 mi8a, Heacham Close, Lower Earley, Reading, Wokingham RG6 4AG2
£300K12/200.74 mi41, Beaconsfield Way, Earley, Reading, Wokingham RG6 5UX2
£333K02/230.75 mi67, Brixham Road, Reading RG2 7RB2
£265K08/210.75 mi87, Brixham Road, Reading RG2 7RB2
£276K07/210.77 mi45, Staverton Road, Reading RG2 7LL2

Local Rents

41 rents from £1.1K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,19508/240.17 miNewstead Rise, Reading, Berkshire, RG22
£1,50002/240.21 mi-2
£1,50012/240.21 mi-2
£1,40009/240.24 miWentworth Avenue, Reading, Berkshire, RG22
£1,20007/240.25 miShinfield Road, Reading, RG22
£1,39508/240.25 mi-2
£1,39510/240.25 mi-2
£1,15001/250.25 mi-2
£1,25009/240.26 miDownham Court, Shinfield Road, Reading, Berkshire, RG22
£1,20007/240.26 miDownham Court, Shinfield Road, Reading, Berkshire, RG22
£1,20007/240.26 mi-2
£1,45009/240.33 miLinden Road, Reading, Berkshire, RG22
£1,20004/250.35 mi-2
£1,40008/240.38 miAphelion Way, Shinfield, Reading, Berkshire, RG22
£1,55008/240.4 miWhitley Wood Road, Reading, Berkshire, RG22
£1,45007/240.41 miCirrus Drive, Shinfield, Reading, Berkshire, RG22
£1,15007/240.41 miShinfield Park, Reading, RG2 9FT2
£1,30007/240.43 miShinfield Park, Reading, RG2 9FL2
£1,30010/230.43 miShinfield Park, RG2 9FL2
£1,40003/250.44 mi-2
£1,39501/250.45 mi-2
£1,35002/240.47 mi-2
£1,45003/250.47 mi-2
£1,65012/240.48 mi-2
£1,30007/240.49 miRossby, Shinfield Park, Reading, RG22
£1,50001/250.5 mi-2
£1,40004/250.5 mi-2
£1,40007/240.51 miRossby, Shinfield, RG22
£1,40002/250.52 mi-2
£1,50008/240.52 mi-2
£1,45004/250.52 mi-2
£1,50007/240.52 miMansell Court, Reading, RG22
£1,39509/240.52 mi-2
£1,35008/240.52 miLangdale Gardens, Earley, Reading, RG62
£1,45009/240.54 miAshmore Road, Reading, Berkshire, RG22
£1,75004/250.56 mi-2
£1,35007/240.56 miDevonshire Park, Reading2
£1,30007/240.57 miRossby, Shinfield, Berkshire, RG22
£1,50007/240.61 miLamerton Road, Reading, Berkshire, RG22
£1,29507/240.61 miCressingham Road2
£1,29507/240.62 miFlat 3, 51 Cressingham Road2

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

2.17 miles away

Nearest school

0.10 miles away

Nearest train station

1.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £375,000

January 29, 2025

Floor Plans

Description

This semi-detached bungalow comes to market in a very popular part of Reading.

The loft is fully boarded making a great space for storage or the possibility of converting into another bedroom, plans have been very recently passed by Reading Borough Council to allow this conversion to take place. Find planning application number PL/25/0002
The property offers two double bedrooms, a refitted kitchen, refitted bathroom and a large lounge/diner overlooking the rear garden of the property with sliding patio doors.
To the front of the property there is a low maintenance garden and driveway for multiple cars.
To the rear of the property, the south facing garden, is laid mainly to lawn, with a patio area immediately as you come out of the property, where there is access to a utility room with light and power and plumbing for a washing machine.
There is also a large storage area that could become a home office or keep as a large storage area.
The garden is a good size and is very private.
Locally there are bus stops within a few minutes’ walk of the property, taking you into Reading or Wokingham.
Shops,restaurants, take aways, dentist, and chemists also within a few minutes’ walk from the property.
From Reading you can get trains direct into London Paddington. There is also a new train Station in Green park Village just a few minutes’ drive where you can get trains into Reading or Basingstoke.

Agent Details

Gooding & Co, Reading

0118 987 1066

Next Steps?

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