4 Bed HMO, Reading, RG1 4NQ, £400,000

Victoria Street, Reading, RG1 4NQ - 3 views - 2 months ago

Sold STC

HMO

ROI: 4%

~129 m²

+6 photos

ValuationUndervalued

Sold Prices	£165K - £925K
Sold Prices/m²	£2.1K/m² - £5.8K/m²

Square Metres	~129.26 m²
Price/m²	£3.1K/m²
Value Estimate	£488,000£488,000
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£20,700£20,700
Total Cash In	£120,700£120,700

Cash Out
Room Rate	£672£672
Gross Rent	£2,688£2,688
Running Costs/mo	£2,326£2,326
Cashflow/mo	£362£362
Cashflow/yr	£4,340£4,340
ROI	4%4%
Gross Yield	8%8%

Local Sold Prices

39 sold prices from £165K to £925K, average is £530K. £2.1K/m² to £5.8K/m², average is £4.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£925K	01/21	0.19 mi	24, Alexandra Road, Reading RG1 5PE	£4,205	220	4	Semi-Detached House
£385K	05/23	0.28 mi	82, Blenheim Road, Reading RG1 5NQ	£3,500	110	4	Terraced House
£595.5K	08/21	0.44 mi	3, Eastern Avenue, Reading RG1 5RU	-	-	4	Semi-Detached House
£474.3K	12/20	0.44 mi	37, Addington Road, Reading RG1 5PZ	£3,889	122	4	Terraced House
£555K	09/22	0.45 mi	1, Junction Road, Reading RG1 5SA	-	-	4	Detached House
£350K	04/23	0.49 mi	47, Hatherley Road, Reading RG1 5QE	-	-	4	Terraced House
£310K	11/21	0.49 mi	22, Filey Road, Reading RG1 3QQ	-	-	4	Terraced House
£515K	11/20	0.54 mi	16, Allcroft Road, Reading RG1 5HH	-	-	4	Semi-Detached House
£325K	11/21	0.54 mi	35, Manchester Road, Reading RG1 3QE	£3,218	101	4	Terraced House
£165K	01/21	0.57 mi	3, Mount Pleasant, Reading RG1 2TF	£2,089	79	4	Terraced House
£866K	05/22	0.59 mi	84, Eastern Avenue, Reading RG1 5SF	-	-	4	Detached House
£410K	06/21	0.59 mi	78, Eastern Avenue, Reading RG1 5SF	£4,824	85	4	Semi-Detached House
£660K	01/21	0.61 mi	13, The Mount, Reading RG1 5HL	£5,280	125	4	Detached House
£505K	05/23	0.61 mi	49c, Bulmershe Road, Reading RG1 5RH	£5,752	88	4	Terraced House
£702K	06/21	0.62 mi	20, Lancaster Close, Reading RG1 5HB	£4,841	145	4	Detached House
£640K	02/21	0.66 mi	21, Marlborough Avenue, Reading RG1 5JB	£5,697	112	4	Semi-Detached House
£895K	01/21	0.67 mi	34, Deans Farm, Caversham, Reading RG4 5JZ	-	-	4	Semi-Detached House
£675K	01/21	0.68 mi	62, Elmhurst Road, Reading RG1 5HY	£4,355	155	4	Semi-Detached House
£580K	01/21	0.71 mi	21, Heron Island, Caversham, Reading RG4 8DQ	£4,143	140	4	Semi-Detached House
£575K	04/23	0.71 mi	23, Cintra Close, Reading RG2 7AL	-	-	4	Terraced House
£550K	05/23	0.71 mi	28, Cintra Close, Reading RG2 7AL	£4,122	133	4	Terraced House
£500K	06/21	0.73 mi	1, Whitley Park Lane, Reading RG2 7BE	-	-	4	Semi-Detached House
£564K	02/22	0.73 mi	124, Hamilton Road, Reading RG1 5RE	-	-	4	Detached House
£550K	05/21	0.74 mi	30, Cintra Close, Reading RG2 7AL	-	-	4	Semi-Detached House
£530K	03/21	0.75 mi	33, Culver Road, Reading RG6 1QA	£4,492	118	4	Semi-Detached House
£295K	10/21	0.76 mi	28, Alpine Street, Reading RG1 2QA	£2,892	102	4	Terraced House
£501K	12/20	0.76 mi	1a, Northumberland Avenue, Reading RG2 7PR	£4,319	116	4	Semi-Detached House
£744K	04/21	0.81 mi	4, Star Road, Caversham, Reading RG4 5BS	-	-	4	Detached House
£645K	03/23	0.88 mi	25, Northcourt Avenue, Reading RG2 7HE	£5,244	123	4	Detached House
£625K	12/22	0.88 mi	27, Northumberland Avenue, Reading RG2 7PS	-	-	4	Detached House
£767.1K	06/21	0.89 mi	57, Northcourt Avenue, Reading RG2 7HE	-	-	4	Detached House
£320K	09/21	0.89 mi	6, Palmer Park Avenue, Reading RG6 1DN	£2,936	109	4	Semi-Detached House
£315K	06/21	0.9 mi	35, Norris Road, Reading RG6 1NJ	£3,316	95	4	Terraced House
£445K	12/20	0.92 mi	25, Northumberland Avenue, Reading RG2 7PS	£4,835	92	4	Semi-Detached House
£385K	02/21	0.92 mi	27, Sackville Street, Reading RG1 1NT	£3,775	102	4	Terraced House
£544K	08/23	0.92 mi	19, Amersham Road, Caversham, Reading RG4 5BP	£4,663	117	4	Detached House
£373K	08/21	0.94 mi	94, Grange Avenue, Reading RG6 1DL	£3,968	94	4	Terraced House
£250K	01/21	0.95 mi	231, Newcastle Road, Reading RG2 7TW	£3,472	72	4	Terraced House
£435K	05/21	0.96 mi	8, Shenstone Road, Reading RG2 0DT	£4,728	92	4	Semi-Detached House

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.73 miles away0.73 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.80 miles away0.80 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+7%+7%

Property History

Listed for £400,000

February 12, 2025

Floor Plans

Description

Investment Potential +
Previous Six Bedroom HMO +
No Onward Chain +
Enclosed Garden +
Well Presented +
Sought After Location +

Located in the Eldon conservation area this property offers flexible accommodation over four floors. The property would make an ideal family home or investment property having been previously used as a six bedroom HMO. Accommodation comprises entrance hall, reception room/bedroom, living room, kitchen, shower room and separate WC on the ground floor. The lower ground floor offers another reception room/bedroom. There are three further bedrooms on the first floor and an attic conversion providing another bedroom and shower room. This property offers the added advantage of no onward chain complications.

Agent Details

AH Lansley Residential, Reading

0118 230 2652

Next Steps?

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