4 Bed HMO, Reading, RG1 7PE, £325,000

Gower Street, Reading, Berkshire, RG1 7PE - 8 views - 2 months ago

Sold STC
HMO
Refurb/BRRR
~129 m²
+3 photos

ValuationUndervalued

Sold Prices£260K - £815K
Sold Prices/m²£2.6K/m² - £6.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.5K/m²

Value Estimate

£334,750
BMV3%

 

 

End Value (After Refurb)

£504,439

Uplift in Value

+55%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£60,012

Bridging Loan Interest

£8,531

Total Cash In

£166,244

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£504,439

Agent Fees (1%)

£5,044

Bridging Loan

£243,750

Bridging Loan Interest

£8,531

Flip Profit

£89,401

Local Sold Prices

47 sold prices from £260K to £815K, average is £495K. £2.6K/m² to £6.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£260K06/210.14 mi69, Salisbury Road, Reading RG30 1BW4
£640K01/210.16 mi5, Brunswick Hill, Reading RG1 7YT4
£430K02/210.2 mi4, Argyle Road, Reading RG1 7YL4
£425K11/200.3 mi15, Tilehurst Road, Reading RG1 7TP4
£725K02/220.35 mi21, Downshire Square, Reading RG1 6NN4
£630K06/230.39 mi31, Downshire Square, Reading RG1 6NH4
£505K11/220.39 mi8, Downshire Square, Reading RG1 6NH4
£295K03/210.42 mi2, Kensington Road, Reading RG30 2SY4
£390K03/210.43 mi91, Kensington Road, Reading RG30 2SZ4
£420K10/200.46 mi108, Tilehurst Road, Reading RG30 2LU4
£372.5K11/210.46 mi491, Oxford Road, Reading RG30 1HF4
£385K02/210.53 mi27, Sackville Street, Reading RG1 1NT4
£390K11/200.54 mi10, Maldon Close, Reading RG30 2DH4
£485K02/230.57 mi39, Portway Close, Reading RG1 6LB4
£775K08/220.57 mi41a, Coley Avenue, Reading RG1 6LL4
£432.5K03/210.59 mi3a, Wilson Road, Reading RG30 2RS4
£600K03/210.61 mi47, Coley Avenue, Reading RG1 6LL4
£320K12/200.61 mi54, Elm Park, Reading RG30 2HX4
£482.5K01/210.62 mi45c, Bath Road, Reading RG30 2AX4
£455K05/210.62 mi45b, Bath Road, Reading RG30 2AX4
£505K02/210.66 mi101, Tilehurst Road, Reading RG30 2NA4
£412.5K03/210.66 mi26, Berkeley Avenue, Reading RG1 6JE4
£690K09/220.67 mi29, Hungerford Drive, Reading RG1 6JA4
£470K06/230.69 mi54, Newport Road, Reading RG1 8EA4
£590K12/200.69 mi5, Baydon Drive, Reading RG1 6JB4
£525K09/220.69 mi11, Hungerford Drive, Reading RG1 6JA4
£590K11/200.7 mi6, Hungerford Drive, Reading RG1 6JA4
£450K12/220.72 mi40, Carsdale Close, Reading RG1 6DL4
£610K12/220.74 mi51, Edenham Crescent, Reading RG1 6HU4
£495K02/210.74 mi64, Edenham Crescent, Reading RG1 6HU4
£537K03/210.74 mi40, Liebenrood Road, Reading RG30 2EB4
£400K03/230.76 mi75, Westbourne Terrace, Reading RG30 2RP4
£625K07/220.76 mi32, Liebenrood Road, Reading RG30 2EB4
£556.5K06/210.76 mi51, Holybrook Road, Reading RG1 6DG4
£310.5K11/200.77 mi63, Beecham Road, Reading RG30 2RA4
£790K07/220.79 mi61a, Bath Road, Reading RG30 2BB4
£456.3K06/210.79 mi73, Waverley Road, Reading RG30 2QB4
£575K01/210.81 mi75, Kenilworth Avenue, Reading RG30 3DL4
£575K05/210.82 mi4, Kenilworth Avenue, Reading RG30 3DN4
£755K04/230.87 mi68, Southcote Lane, Reading RG30 3AE4
£555K01/230.88 mi166, Waverley Road, Reading RG30 2PZ4
£815K03/210.91 mi12, Wychcotes, Caversham, Reading RG4 7DA4
£385K09/210.93 mi74, Grovelands Road, Reading RG30 2NY4
£499.9K12/200.94 mi20, Cardinal Close, Caversham, Reading RG4 8BZ4
£480K10/200.96 mi29, Monks Way, Reading RG30 3DP4
£625K11/200.97 mi26, St Annes Road, Caversham, Reading RG4 7PA4
£295K10/210.99 mi28, Alpine Street, Reading RG1 2QA4

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.73 miles away

Nearest school

0.10 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £325,000

February 5, 2025

Floor Plans

Description

  • Three/Four Bedrooms +
  • No Onward Chain +
  • Good-Sized Rear Garden +
  • On-Street Permit Parking +
  • Close To Amenities & Train Station +
  • Suited for HMO or Residential Purchase +

Offered to the market with no onward chain is this well-presented three/four bedroom house which would make a great family home or HMO (subject to licence). Situated closely to West Reading Station and Reading Town Centre and local amenities.

The property offers light and spacious accommodation comprising: entrance hallway, study/fourth bedroom, lounge/diner, newly fitted kitchen and bathroom. On the first floor there are two bedrooms and a separate WC whilst on the second floor there is a further bedroom and a shower room with wardrobe space.

To the rear is a good-sized garden whilst to the front there is permit parking. The property also benefits from recently undergoing a full refurb including a full electric rewire. Viewing is recommended.

Council Tax Band B (Reading Borough Council)

Agent Details

Parkers, Reading

0118 230 6420

Next Steps?

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