3 Bed Terraced House, Refurb/BRRR, Reading, RG4 5BF, £425,000

Clonmel Close, Caversham, Reading, RG4 5BF - 1 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+16 photos

ValuationFair Value

Sold Prices£286K - £610K
Sold Prices/m²£3K/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£423,802

 

 

End Value (After Refurb)

£402,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£43,183

Bridging Loan Interest

£11,156

Total Cash In

£187,039

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£402,500

Mortgage (After Refinance)

£301,875

Mortgage LTV

75%

Cash Left In

£187,039

Equity

£100,625

Rent Range

£1,495 - £2,500

Rent Estimate

£1,724

Running Costs/mo

£1,623

Cashflow/mo

£101

Cashflow/yr

£1,217

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £286K to £610K, average is £389.3K. £3K/m² to £6K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£307K06/210.07 mi61, Amersham Road, Caversham, Reading RG4 5BP3
£286K03/210.07 mi46, Rothwell Walk, Caversham, Reading RG4 5DB3
£350K04/230.07 mi46, Rothwell Walk, Caversham, Reading RG4 5DB3
£415K05/210.07 mi10, Peel Close, Caversham, Reading RG4 5BL3
£395K05/230.09 mi14, Talbot Close, Caversham, Reading RG4 5BN3
£293K11/220.11 mi47, Alston Walk, Caversham, Reading RG4 5DD3
£436K01/230.12 mi132, Meadow Way, Caversham, Reading RG4 5LY3
£370K12/200.12 mi134, Meadow Way, Caversham, Reading RG4 5LY3
£390K04/230.13 mi6, Eccles Close, Caversham, Reading RG4 5BJ3
£400K04/230.14 mi35, Star Road, Caversham, Reading RG4 5BE3
£380K10/200.14 mi78b, Star Road, Caversham, Reading RG4 5BE3
£369.7K12/200.14 mi41, Star Road, Caversham, Reading RG4 5BE3
£390K12/200.14 mi37, Star Road, Caversham, Reading RG4 5BE3
£348.5K02/210.14 mi62, Star Road, Caversham, Reading RG4 5BE3
£420.5K04/230.14 mi25, Star Road, Caversham, Reading RG4 5BE3
£340K12/200.18 mi35, Briants Avenue, Caversham, Reading RG4 5AY3
£345K07/210.18 mi65, Lower Henley Road, Caversham, Reading RG4 5LD3
£385K12/200.19 mi45, Briants Avenue, Caversham, Reading RG4 5AS3
£335K03/210.19 mi30, Briants Avenue, Caversham, Reading RG4 5AS3
£300K02/210.19 mi67, Briants Avenue, Caversham, Reading RG4 5AS3
£435K08/230.19 mi89, Briants Avenue, Caversham, Reading RG4 5BA3
£470K06/210.19 mi8, Star Road, Caversham, Reading RG4 5BS3
£610K01/230.22 mi4, Montague Street, Caversham, Reading RG4 5AU3
£388.5K05/230.22 mi9, Montague Street, Caversham, Reading RG4 5AU3
£412K12/220.23 mi6, Marsack Street, Caversham, Reading RG4 5AP3
£339.9K10/200.23 mi400, Gosbrook Road, Caversham, Reading RG4 8EG3
£430K03/230.24 mi8, Marsack Street, Caversham, Reading RG4 5AP3
£415K03/210.24 mi23, Donkin Hill, Caversham, Reading RG4 5DG3
£321K01/230.24 mi5, Donkin Hill, Caversham, Reading RG4 5DG3
£375K12/200.25 mi96, South View Avenue, Caversham, Reading RG4 5BB3
£464.2K03/210.28 mi27, Champion Road, Caversham, Reading RG4 8EL3
£325K02/210.28 mi22, Keston Close, Caversham, Reading RG4 5DZ3
£430K04/210.3 mi9, St Johns Road, Caversham, Reading RG4 5AN3
£450K12/200.3 mi53, St Johns Road, Caversham, Reading RG4 5AL3
£300K03/210.3 mi8, Piggotts Road, Caversham, Reading RG4 8EN3
£435K07/230.33 mi25, Donegal Close, Caversham, Reading RG4 5DT3
£332.5K11/200.33 mi4, Donegal Close, Caversham, Reading RG4 5DT3
£351.5K04/210.33 mi25, Donegal Close, Caversham, Reading RG4 5DT3
£403K05/210.33 mi9, Pembroke Place, Caversham, Reading RG4 5HU3
£348K02/210.33 mi32, Coldicutt Street, Caversham, Reading RG4 8DU3
£499K12/220.34 mi300, Gosbrook Road, Caversham, Reading RG4 8EB3
£505K01/230.35 mi116, Mayfield Drive, Caversham, Reading RG4 5JT3
£322.5K11/200.36 mi17, Ardler Road, Caversham, Reading RG4 5AE3
£400K06/210.37 mi47, Mayfield Drive, Caversham, Reading RG4 5JP3
£432.5K11/210.37 mi45, Mayfield Drive, Caversham, Reading RG4 5JP3
£580K03/230.38 mi104, Mayfield Drive, Caversham, Reading RG4 5JT3
£450K11/200.38 mi106, Mayfield Drive, Caversham, Reading RG4 5JT3
£387.5K01/210.39 mi9, Onslow Gardens, Caversham, Reading RG4 5HY3
£387.5K01/210.39 mi9, Onslow Gardens, Caversham, Reading RG4 5HY3
£540K04/210.4 mi2, Heron Island, Caversham, Reading RG4 8DQ3

Local Rents

23 rents from £1.5K/mo to £2.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£2,32503/250.07 mi-3
£1,65012/240.11 miEccles Close, Caversham, Reading3
£1,65002/250.16 mi-3
£1,65007/240.18 miBriants Avenue, Caversham, Reading, Berkshire, RG43
£1,69512/240.18 miBriants Avenue3
£2,00007/240.23 miAnglefield Road, Caversham, Reading, Berkshire, RG43
£1,65001/250.29 mi-3
£1,75004/250.29 mi-3
£1,59501/250.33 mi-3
£1,50004/250.34 mi-3
£1,49512/240.37 miQueen's Road, Caversham, Reading3
£1,59512/240.39 miKings Road3
£1,75007/240.39 miOnslow Gardens, Caversham, Reading3
£1,95002/240.41 mi-3
£1,59507/240.41 mi-3
£1,59507/240.41 miKings Rd, Reading, RG43
£1,75007/240.43 miMayfield Drive, Caversham, Reading3
£1,59507/240.45 miQueens Road, Caversham3
£2,50010/230.52 miLuscinia View, Napier Road, Reading, Berkshire, RG13
£1,75007/240.53 miValentine Crescent, Caversham, Reading, RG43
£1,75007/240.53 mi-3
£1,85004/250.55 mi-3
£1,55012/240.61 miSouth Street, Caversham, Reading3

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.26 miles away

Nearest school

0.50 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £425,000

February 28, 2025

Listed for £450,000

February 7, 2025

Floor Plans

Description

    • 3 Bedrooms +
    • 2 Reception Rooms +
    • En-suite +
    • Family Bathroom +
    • Garden +
    • Garage +
    • Potential to extend +

Romans Estate Agents are delighted to present this family home, situated in the sought-after area of Caversham. Offering spacious accommodation and excellent scope for modernisation and extension (STPP), this property is ideal for buyers looking to add their own personal touch.

The ground floor features two generous reception rooms, perfect for family living and entertaining, along with a well-proportioned kitchen. Upstairs, the property boasts three bedrooms, including a master with an en-suite, and a family bathroom.

Externally, the home benefits from a good-sized rear garden, a garage, and a private driveway, providing ample parking.

Located in a desirable residential area, this property is within easy reach of local amenities, highly regarded schools, and excellent transport links into Reading town centre and beyond.

In need of cosmetic updating, this is a fantastic opportunity to create a stunning family home. Contact Romans today to arrange a viewing!

Agent Details

Romans, Caversham

0118 230 5128

Next Steps?

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