3 Bed Semi-Detached House, Refurb/BRRR, Reading, RG4 5JT, £435,000

7 Prospect Street, Caversham, Reading, RG4 8JB - 2 views - 2 months ago

Sold STC
Refurb/BRRR
~93 m²
+7 photos

ValuationFair Value

Sold Prices£280K - £835K
Sold Prices/m²£3.2K/m² - £6.5K/m²

 

 

Square Metres

~93 m²
Price/m²£4.7K/m²

Value Estimate

£436,651

 

 

End Value (After Refurb)

£458,234

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£108,750

Stamp Duty & Legal Fees

£23,500

Refurb Costs

£43,183

Bridging Loan Interest

£11,419

Total Cash In

£188,602

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£458,234

Mortgage (After Refinance)

£343,675

Mortgage LTV

75%

Cash Released

£17,425

Cash Left In

£171,177

Equity

£114,558

Rent Range

£1,500 - £2,485

Rent Estimate

£1,885

Running Costs/mo

£1,829

Cashflow/mo

£56

Cashflow/yr

£672

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £280K to £835K, average is £400K. £3.2K/m² to £6.5K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£435K06/210.01 mi109, Mayfield Drive, Caversham, Reading RG4 5JR3
£400K11/200.01 mi105, Mayfield Drive, Caversham, Reading RG4 5JR3
£493K06/230.01 mi125, Mayfield Drive, Caversham, Reading RG4 5JR3
£492K01/230.01 mi127, Mayfield Drive, Caversham, Reading RG4 5JR3
£580K03/230.02 mi104, Mayfield Drive, Caversham, Reading RG4 5JT3
£450K11/200.02 mi106, Mayfield Drive, Caversham, Reading RG4 5JT3
£500K01/230.04 mi84, Mayfield Drive, Caversham, Reading RG4 5JT3
£505K01/230.05 mi116, Mayfield Drive, Caversham, Reading RG4 5JT3
£400K06/210.09 mi47, Mayfield Drive, Caversham, Reading RG4 5JP3
£432.5K11/210.09 mi45, Mayfield Drive, Caversham, Reading RG4 5JP3
£387.5K01/210.13 mi9, Onslow Gardens, Caversham, Reading RG4 5HY3
£387.5K01/210.13 mi9, Onslow Gardens, Caversham, Reading RG4 5HY3
£403K05/210.13 mi9, Pembroke Place, Caversham, Reading RG4 5HU3
£385K03/210.14 mi11, Norman Road, Caversham, Reading RG4 5JN3
£345K05/210.15 mi2, Kildare Gardens, Caversham, Reading RG4 5JA3
£363K01/210.15 mi7, Kildare Gardens, Caversham, Reading RG4 5JA3
£475K02/230.16 mi80, Chiltern Road, Caversham, Reading RG4 5JB3
£480K10/210.18 mi12, Valentine Crescent, Caversham, Reading RG4 5JJ3
£470K02/230.21 mi52, Chiltern Road, Caversham, Reading RG4 5JB3
£345K07/210.22 mi65, Lower Henley Road, Caversham, Reading RG4 5LD3
£378.5K10/210.24 mi109, Chiltern Road, Caversham, Reading RG4 5HS3
£422.5K02/210.24 mi105, Chiltern Road, Caversham, Reading RG4 5HS3
£415K04/210.24 mi61, Chiltern Road, Caversham, Reading RG4 5HS3
£835K01/230.25 mi248, Henley Road, Caversham, Reading RG4 6LR3
£415K03/210.29 mi23, Donkin Hill, Caversham, Reading RG4 5DG3
£321K01/230.29 mi5, Donkin Hill, Caversham, Reading RG4 5DG3
£375K06/210.31 mi16, Cawsam Gardens, Caversham, Reading RG4 5JE3
£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
£325K02/210.34 mi22, Keston Close, Caversham, Reading RG4 5DZ3
£415K05/210.34 mi10, Peel Close, Caversham, Reading RG4 5BL3
£390K04/230.34 mi6, Eccles Close, Caversham, Reading RG4 5BJ3
£358K11/200.36 mi11, Moss Close, Caversham, Reading RG4 5HH3
£420K07/230.36 mi11, Moss Close, Caversham, Reading RG4 5HH3
£375K12/200.36 mi96, South View Avenue, Caversham, Reading RG4 5BB3
£286K03/210.37 mi46, Rothwell Walk, Caversham, Reading RG4 5DB3
£350K04/230.37 mi46, Rothwell Walk, Caversham, Reading RG4 5DB3
£293K11/220.37 mi47, Alston Walk, Caversham, Reading RG4 5DD3
£435K08/230.39 mi89, Briants Avenue, Caversham, Reading RG4 5BA3
£511K03/210.39 mi48, Orchard Grove, Caversham, Reading RG4 6NF3
£525K07/230.4 mi22, Greystoke Road, Caversham, Reading RG4 5EL3
£410K05/210.4 mi21, Field View, Caversham, Reading RG4 5HB3
£385K09/210.4 mi29, Field View, Caversham, Reading RG4 5HB3
£405K01/210.4 mi25, Field View, Caversham, Reading RG4 5HB3
£395K05/230.41 mi14, Talbot Close, Caversham, Reading RG4 5BN3
£280K05/210.42 mi21, Lowfield Road, Caversham, Reading RG4 6NL3
£330K04/210.42 mi23, Lowfield Road, Caversham, Reading RG4 6NL3
£285K07/210.42 mi25, Lowfield Road, Caversham, Reading RG4 6NL3
£302.5K02/210.42 mi17, Lowfield Road, Caversham, Reading RG4 6NL3

Local Rents

25 rents from £1.5K/mo to £2.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,75007/240.05 miMayfield Drive, Caversham, Reading3
£1,75007/240.13 miOnslow Gardens, Caversham, Reading3
£1,75007/240.19 miValentine Crescent, Caversham, Reading, RG43
£1,75007/240.19 mi-3
£2,00007/240.21 miAnglefield Road, Caversham, Reading, Berkshire, RG43
£1,85004/250.35 mi-3
£1,65001/250.36 mi-3
£1,65012/240.36 miEccles Close, Caversham, Reading3
£2,32503/250.44 mi-3
£1,65002/250.45 mi-3
£1,65007/240.46 miBriants Avenue, Caversham, Reading, Berkshire, RG43
£1,69512/240.47 miBriants Avenue3
£2,48507/240.49 mi-3
£2,28507/240.49 mi-3
£2,18501/250.49 mi-3
£2,28507/240.49 miThe Horse Close, Reading, RG43
£1,75004/250.51 mi-3
£1,95012/240.52 miPeppard Road, Caversham3
£1,65007/240.52 miNewton Avenue, Caversham Park, Reading, Berkshire, RG43
£1,75012/240.56 miQuantock Avenue, Caversham, Reading, Berkshire, RG43
£1,75012/240.59 miNotley Place, Emmer Green, Reading3
£1,50004/250.59 mi-3
£2,35007/240.6 miNotley Place, Emmer Green3
£2,00007/240.6 mi2 Notley Place3
£1,59501/250.62 mi-3

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.59 miles away

Nearest school

0.20 miles away

Nearest train station

1.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £435,000

February 7, 2025

Floor Plans

Description

  • Three good sized bedrooms +
  • In need of updating and potential to extend +
  • Semi detached house +
  • Bathroom and guest WC +
  • Good sized living room +
  • Dining room +
  • Separate kitchen +
  • South West facing garden with views over allotments +
  • EPC rating D +
  • Council tax band D +

Set within this quiet Cul-De-Sac is this good sized semi detached house that is in need of modernising and has the potential to extend(STP). The property boasts three bedrooms and a bathroom on the first floor. On the ground floor there are two reception rooms, fire places, kitchen, lean to and a downstairs WC. To the rear there is a good sized south west facing garden that offers views over the allotments to the rear. To the front there is a driveway parking for several cars and a garage. To appreciate the space on offer call now to view.

Hallway - Welcoming entrance hall with stairs leading to first floor and doors to the living room, dining room and kitchen and porthole window into the garage.

Living Room - 4.39m x 3.63m (14'5 x 11'11) - Spacious living room with wooden floor, feature fireplace and window to the front of the property.

Dining Room - 3.63m x 3.28m (11'11 x 10'9) - Large dining room with feature fireplace and sliding patio doors to the lean to.

Kitchen - 2.69m x 2.62m (8'10 x 8'7) - Good sized kitchen with door to WC, window to the side of property, under stairs storage and space for washing machine, fridge freezer and oven.

Wc - WC with frosted window to the rear of the property.

Lean To - 5.41m x 2.36m (17'9 x 7'9) - Spacious lean to with doors to the side and the rear leading to the garden, along with access to the kitchen and dining room.

Landing - Landing with window to the side of the property allowing good natural light, doors to bedrooms, bathroom and airing cupboard.

Bedroom One - 4.39m x 3.38m (14'5 x 11'1) - Very spacious double bedroom with large window overlooking the front of the property and feature fireplace.

Bedroom Two - 3.99m x 3.63m (13'1 x 11'11) - A good sized double bedroom with large window overlooking the garden and built in wardrobe.

Bedroom Three - 2.62m x 2.16m (8'7 x 7'1) - Comfortable bedroom with storage over the stairs and corner window to the front of the property.

Bathroom - 1.96m x 1.70m (6'5 x 5'7) - Good sized bathroom to the rear with window overlooking the garden, sink, WC and bath with shower.

Garden - Easy to manage garden with good mix of patio and lawn and access to the garage, backing on to the allotments.

Garage - 4.04m x 2.24m (13'3 x 7'4) - Spacious single garage providing plenty of storage.

Agent Details

Nicholas Estate Agents, Caversham

0118 230 1760

Next Steps?

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