2 Bed Semi-Detached House, Planning Permission, Reading, RG2 8SG, £300,000

Greenfields Road, Reading, RG2 8SG - 2 months ago

Planning
ROI: 1%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£225K - £420K
Sold Prices/m²£3.3K/m² - £6.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£307,131
BMV2%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£1,300 - £2,500

Rent Estimate

£1,300

Running Costs/mo

£1,218

Cashflow/mo

£83

Cashflow/yr

£990

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £225K to £420K, average is £302K. £3.3K/m² to £6.3K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£325K03/230.06 mi5, Greenfields Road, Reading RG2 8SF2
£313K02/230.12 mi1, Greenfields Road, Reading RG2 8SE2
£335K07/230.13 mi6, Farrowdene Road, Reading RG2 8SD2
£347.5K05/210.15 mi561, Basingstoke Road, Reading RG2 0SH2
£335K07/210.17 mi19, Heatherden Close, Reading RG2 8SB2
£225K03/210.17 mi16, Ashby Court, Reading RG2 8PG2
£315K06/230.3 mi28, Merton Road South, Reading RG2 8AX2
£292K08/210.31 mi24, Dovecote Road, Reading RG2 8UJ2
£270K04/210.33 mi40, Lamerton Road, Reading RG2 8AS2
£270K03/210.33 mi53, Lamerton Road, Reading RG2 8AS2
£255K02/210.33 mi43, Lamerton Road, Reading RG2 8AS2
£265K03/210.35 mi45, Ashmore Road, Reading RG2 8AG2
£280K06/210.36 mi512, Northumberland Avenue, Reading RG2 8NY2
£330K10/210.36 mi518, Northumberland Avenue, Reading RG2 8NY2
£295K05/210.36 mi246, Whitley Wood Road, Reading RG2 8TJ2
£266.9K09/210.38 mi2, Copenhagen Close, Reading RG2 8UH2
£229.9K11/200.38 mi11, Copenhagen Close, Reading RG2 8UH2
£307K06/230.38 mi7, Copenhagen Close, Reading RG2 8UH2
£270K06/210.38 mi7, Merrivale Gardens, Reading RG2 8AR2
£325K07/230.42 mi13, Padstow Gardens, Reading RG2 8BB2
£299.5K04/230.45 mi15, Shirley Avenue, Reading RG2 8TE2
£365K11/220.45 mi8, Landrake Crescent, Reading RG2 8AJ2
£375K05/230.45 mi108, Shirley Avenue, Reading, Wokingham RG2 8TD2
£357K01/230.45 mi20, Shirley Avenue, Reading RG2 8TD2
£282K05/210.48 mi34, Woodside Way, Reading, Wokingham RG2 8SX2
£280K03/230.54 mi91, Callington Road, Reading RG2 7QG2
£260K07/210.56 mi30, Farmers Close, Reading RG2 8UQ2
£306K05/230.58 mi6, Lexington Grove, Reading RG2 8UG2
£355K12/220.62 mi4, Blagdon Road, Reading RG2 7NN2
£333K02/230.62 mi67, Brixham Road, Reading RG2 7RB2
£265K08/210.62 mi87, Brixham Road, Reading RG2 7RB2
£370K01/230.64 mi92, Longships Way, Reading RG2 0FZ2
£292K02/210.73 mi83, Winton Road, Reading RG2 8HL2
£310K03/230.75 mi58, Ashburton Road, Reading RG2 7PE2
£303K06/210.78 mi12, Lindisfarne Way, Reading RG2 0GS2
£360K03/230.78 mi108, Winton Road, Reading RG2 8HL2
£330K06/230.79 mi24, Puffin Way, Reading RG2 0GT2
£270K02/210.79 mi13, Kingston Gardens, Reading RG2 7SH2
£242K04/210.82 mi57, Ashburton Road, Reading RG2 7PA2
£407K02/230.83 mi44, Birdhill Avenue, Reading RG2 7JU2
£260K11/210.85 miFlat 503, Cygnet House, Drake Way, Reading RG2 0NX2
£420K06/230.87 miChinthurst, Shinfield Road, Shinfield, Reading, Wokingham RG2 9BE2
£301K12/220.88 mi22, Yelverton Road, Reading RG2 7SU2
£300K04/210.88 mi4, Duckett's Mead, Shinfield, Reading, Wokingham RG2 9GY2
£420K10/220.88 mi91, Birdhill Avenue, Reading RG2 7JU2
£256K04/210.9 mi80, Linden Road, Reading RG2 7EH2
£275K12/200.9 mi70, Linden Road, Reading RG2 7EH2
£320K06/230.93 mi48, Long Barn Lane, Reading RG2 7SX2
£387.5K05/210.95 mi4, Church Lane, Three Mile Cross, Reading, Wokingham RG7 1HB2
£275K06/210.96 mi175, Northumberland Avenue, Reading RG2 7PX2

Local Rents

23 rents from £1.3K/mo to £2.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,75008/240.07 mi-2
£1,70004/250.07 mi-2
£1,60007/240.19 miHeatherden Close, Reading, RG22
£1,50007/240.21 miTidman Road, Reading, RG22
£1,70008/240.21 mi-2
£1,70008/240.21 miHartland Road, Reading, RG22
£1,55001/250.27 mi-2
£2,20010/240.27 mi-2
£1,40002/250.31 mi-2
£1,50007/240.33 miLamerton Road, Reading, Berkshire, RG22
£1,45009/240.35 miAshmore Road, Reading, Berkshire, RG22
£1,30011/240.38 mi-2
£1,75003/250.38 mi-2
£1,40012/240.41 mi-2
£1,55008/240.44 miWhitley Wood Road, Reading, Berkshire, RG22
£1,60003/250.45 mi-2
£1,40009/240.45 mi-2
£1,40009/240.5 miWentworth Avenue, Reading, Berkshire, RG22
£1,30007/240.6 miWhale Avenue, Reading, RG22
£1,55009/240.6 miHeron House, Rushley Way, RG22
£2,50002/250.62 mi-2
£2,50003/250.62 mi-2
£1,55007/240.62 miPalmerston House, 3 Aran Walk, Reading, Berkshire, RG22

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

2.16 miles away

Nearest school

0.20 miles away

Nearest train station

1.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £300,000

February 13, 2025

Floor Plans

Description

  • No onward chain complications +
  • Two double bedrooms +
  • Semi-detached home +
  • Generously sized rear garden +
  • Gated front driveway with lawned area +
  • Excellent access to M4 Junction 11 & Green Park +
  • Regular bus services to Reading Town Centre & Station +
  • Ideal for first time buyers or investors +

This well-proportioned two double-bedroom semi-detached home is situated in a popular location south of Reading Town Centre and is offered to the market with no onward chain complications. The property provides excellent access to M4 Junction 11, Green Park, and regular bus services to Reading Town Centre and Station. The ground floor accommodation comprises an entrance hall, a living room, a kitchen, and a bathroom. Upstairs, there are two generously sized bedrooms. Externally, the home benefits from a large rear garden and a gated front driveway with a lawned area. While some updating is required, the property is in move-in-ready condition, offering a fantastic opportunity for a first-time buyer to add their own personal touch or for an investor, as demand for rental properties in this area remains high. Building Safety: Not aware of any issues but buyer must rely on own inspection and survey. Mobile Signal: Not known. Construction Type: Brick with tiled roof. Existing Planning Permission: Not known buyer will have to make usual enquiries as part of the local search to Reading BC. Coalfield or Mining: No idea this is a search that should be carried out by buyer’s solicitor.

Agent Details

Arins Property Services, Lower Earley

0118 230 2853

Next Steps?

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