5 Bed HMO, Wokingham, RG40 1YP, £475,000

5 SHEFFORD CRESCENT, WOKINGHAM, RG40 1YP - 4 views - 2 months ago

HMO
ROI: 3%
~178 m²
+6 photos

ValuationUndervalued

Sold Prices£300K - £1.8M
Sold Prices/m²£1.8K/m² - £5.3K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.7K/m²

Value Estimate

£687,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£32,700

Total Cash In

£151,450

 

 

Cash Out

 

Room Rate

£719

Gross Rent

£3,595

Running Costs/mo

£2,869

Cashflow/mo

£726

Cashflow/yr

£8,715

ROI

6%

Gross Yield

9%

Local Sold Prices

25 sold prices from £300K to £1.8M, average is £900K. £1.8K/m² to £5.3K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£821K12/200.44 mi14, Clare Avenue, Wokingham RG40 1EB5
£730K12/200.51 mi16, Twycross Road, Wokingham RG40 5PE5
£910K03/230.52 mi18, Twycross Road, Wokingham RG40 5PE5
£900K04/210.52 mi55, Montague Close, Wokingham RG40 5PH5
£1.3M03/210.53 mi31, Rectory Road, Wokingham RG40 1DP5
£1.2M06/210.54 mi27, Rectory Road, Wokingham RG40 1DP5
£1.0M03/210.55 mi35, Rectory Road, Wokingham RG40 1DP5
£975K10/210.55 mi8, Cedar Close, Wokingham RG40 1EA5
£975K10/210.57 mi8, Cedar Close, Wokingham RG40 1EA5
£800K11/210.62 mi26, Rose Street, Wokingham RG40 1XU5
£890K05/210.74 mi36, Matthews Green Road, Wokingham RG41 1JU5
£1.1M02/210.74 mi64, Easthampstead Road, Wokingham RG40 2EE5
£300K06/210.82 mi8, Pages Croft, Wokingham RG40 2HN5
£1.8M07/230.84 mi18, Crescent Road, Wokingham RG40 2DB5
£465K01/210.91 mi54, Clifton Road, Wokingham RG41 1NB5
£691K07/210.93 mi28, Copse Drive, Wokingham RG41 1LX5
£1.1M01/210.95 mi6, Purslane, Wokingham RG40 2DD5
£600K03/210.95 mi9, Buttercup Close, Wokingham RG40 1QZ5
£1.4M03/210.96 mi23, Fairview Road, Wokingham RG40 2DN5
£790K03/210.97 mi19, Buttercup Close, Wokingham RG40 1QZ5
£1.2M04/210.99 mi8, Erica Drive, Wokingham RG40 2DU5
£605K01/210.99 mi53, Oxford Road, Wokingham RG41 2YH5
£1.3M03/230.99 mi87, Oxford Road, Wokingham RG41 2YH5
£574K03/231 miLittle Willows, Forest Road, Wokingham RG40 5SA5
£845K02/211 mi2, Southlands Close, Wokingham RG40 2HW5

Local Area Statistics

Population in RG40

26,370

Population in Wokingham

54,769

Town centre distance

1.39 miles away

Nearest school

0.20 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £475,000

March 20, 2025

Price changed to £500,000

February 20, 2025

Listed for £550,000

February 4, 2025

Floor Plans

Description

  • Five Bedrooms +
  • Park For Three Vehicles +
  • Close To Shops +
  • Easy Access To M4 And A329M +
  • Close To Local Amenities +
  • Near Good Schools +
  • En-suite Shower Room +
  • Utility Room +

NO ONWARD CHAIN COMPLICATIONS

An extended and well-presented terrace house set over three floors, offered for sale with the benefit of no onward chain.

Currently occupied as a six-bedroom HMO generating a monthly return of £3800 and an annual rental yield of over 8%. This property would make an excellent investment for anyone wanting to take on a readymade HMO but can also be purchased by someone looking to make this a family home.

The property has been extended and refurbished by the current owners and the accommodation comprises of a spacious entrance hallway, a modern shower room and utility room to the ground floor. Additionally, on the ground floor are two bedrooms - these could easily be used as an office, playroom or family room if required.

On the first floor, there is a large bedroom which was originally a living room and could easily be changed back and a modern refitted kitchen/dining room. There is also an additional cloakroom on this floor. On the second floor, there is a spacious master bedroom with en-suite shower room, two further double bedrooms and a three-piece bathroom suite.

Externally, to the front there is a drive providing parking for two/three vehicles which leads to an integral garage. Half of the garage has been converted to create the utility room, and the rest has been left for storage. To the rear there is a private, enclosed garden.

Wokingham town centre is located nearby as well as local amenities, shops and well-regarded schools. The A329M and M4 are also located close by making this home great for families and commuters.

Agent Details

Prospect Estate Agency, Wokingham

0118 230 3875

Next Steps?

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