6 Bed HMO, Reading, RG1 7TT, £630,000

Tilehurst Road, Reading, Berkshire, RG1 7TT - 2 views - 2 months ago

Auction

HMO

ROI: 4%

~186 m²

+12 photos

ValuationUndervalued

Sold Prices	£350K - £1.6M
Sold Prices/m²	£2.9K/m² - £9.7K/m²

Square Metres	~186 m²
Price/m²	£3.4K/m²
Value Estimate	£691,148£691,148
BMV	10%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£157,500£157,500
Stamp Duty & Legal Fees	£39,100£39,100
Total Cash In	£196,600£196,600

Cash Out
Room Rate	£730£730
Gross Rent	£4,380
Running Costs/mo	£3,659£3,659
Cashflow/mo	£721£721
Cashflow/yr	£8,649£8,649
ROI	4%4%
Gross Yield	8%8%

Local Sold Prices

20 sold prices from £350K to £1.6M, average is £827.5K. £2.9K/m² to £9.7K/m², average is £3.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.1M	01/23	0.14 mi	7, Downshire Square, Reading RG1 6NJ	-	-	6	Detached House
£932.5K	01/22	0.36 mi	96, Berkeley Avenue, Reading RG1 6HY	£2,896	322	6	Detached House
£740K	01/23	0.56 mi	62, Liebenrood Road, Reading RG30 2EB	-	-	6	Detached House
£625K	05/21	0.65 mi	1, Monks Way, Reading RG30 3DP	£3,453	181	6	Semi-Detached House
£400K	04/23	1.29 mi	82, Basingstoke Road, Reading RG2 0EL	£2,974	135	6	Terraced House
£350K	03/23	1.29 mi	24, Basingstoke Road, Reading RG2 0EL	£2,869	122	6	Terraced House
£1.6M	11/21	1.45 mi	3, Mapledene, Caversham, Reading RG4 7DQ	£5,556	297	6	Detached House
£1.1M	08/22	1.62 mi	10, Alexandra Road, Reading RG1 5PD	£3,145	362	6	Detached House
£960K	08/23	1.82 mi	17, Derby Road, Caversham, Reading RG4 5HE	-	-	6	Semi-Detached House
£975K	02/23	1.93 mi	37, Grosvenor Road, Caversham, Reading RG4 5EN	-	-	6	Detached House
£730K	02/21	2.01 mi	16, Geoffreyson Road, Caversham, Reading RG4 7HS	£8,022	91	6	Semi-Detached House
£700K	03/23	2.07 mi	203, Kentwood Hill, Tilehurst, Reading RG31 6JE	£3,684	190	6	Semi-Detached House
£995K	01/21	2.11 mi	Holly Cottage, The Old Orchard, Calcot, Reading, West Berkshire RG31 7RF	£3,872	257	6	Detached House
£780K	09/21	2.25 mi	991, Oxford Road, Tilehurst, Reading RG31 6TL	£5,065	154	6	Detached House
£1.3M	12/22	2.29 mi	1, Oaktree Copse, Tilehurst, Reading RG31 6PX	£4,665	269	6	Detached House
£835K	02/23	2.5 mi	93, Chapel Hill, Tilehurst, Reading RG31 5BX	£9,687	86	6	Detached House
£585K	03/21	2.53 mi	5, Bay Tree Rise, Calcot, Reading, West Berkshire RG31 4RG	£3,382	173	6	Detached House
£1.5M	06/23	2.63 mi	120, Kidmore End Road, Emmer Green, Reading RG4 8SL	£5,844	254	6	Detached House
£680K	02/23	2.81 mi	19, Pascal Crescent, Shinfield, Reading, Wokingham RG2 9FP	£3,716	183	6	Detached House
£820K	05/23	2.83 mi	10, Pascal Crescent, Shinfield, Reading, Wokingham RG2 9FP	-	-	6	Detached House

Local Area Statistics

Population in RG1	43,08543,085
Population in Reading	321,187321,187
Town centre distance	0.76 miles away0.76 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.21 miles away0.21 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 £630,000

February 14, 2025

Floor Plans

Description

Immediate ‘exchange of contracts’ available +
Sold via ‘Secure Sale’ +
Six Bedroom HMO +
Generating £52,560 Per Annum +
Three Bathrooms +
Generous Sized Plot +
Driveway Parking +
Three Storey Double Garage/Workshop +

A rare opportunity to acquire two dwellings in an excellent area for investment, with Reading Town Centre and Reading Train Station within close proximity.

The first dwelling is a newly refurbished six bedroom HMO generating £52,548 per annum, this generous sized plot offers plenty of scope for developments STPP.

The second dwelling is a three storey workshop/garage with again, great scope for developments STPP. The development also has driveway parking for multiple cars. Viewing is recommended.

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £630,000

Council Tax Band F (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 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

5 Bed HMO, Reading, RG1 7YR

£415,000

8 views • 4 months ago • 178 m²

Sold STC

4 Bed HMO, Reading, RG1 7PE

£325,000

7 views • 2 months ago • 129 m²

5 Bed HMO, Reading, RG30 2EE

£450,000

1 views • 2 months ago • 178 m²