5 Bed Detached House, Planning Permission, Reading, RG4 6GB, £1,250,000

South Drive, Sonning, Reading, Berkshire, RG4 6GB - 2 months ago

Planning
~178 m²
+34 photos

ValuationOvervalued

Sold Prices£325K - £1.9M
Sold Prices/m²£2.4K/m² - £7.6K/m²

 

 

Square Metres

~178.28 m²
Price/m²£7K/m²

Value Estimate

£781,702

 

 

End Value (After Refurb)

£793,725

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£312,500

Stamp Duty & Legal Fees

£104,950

Refurb Costs

£82,783

Bridging Loan Interest

£32,813

Total Cash In

£534,796

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£793,725

Mortgage (After Refinance)

£595,294

Mortgage LTV

75%

Cash Left In

£534,796

Equity

£198,431

Rent Range

£1,595 - £2,250

Rent Estimate

£1,908

Running Costs/mo

£2,882

Cashflow/mo

£-974

Cashflow/yr

£-11,688

Gross Yield

2%

Local Sold Prices

50 sold prices from £325K to £1.9M, average is £700K. £2.4K/m² to £7.6K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£940K03/210.08 mi19, Sonning Meadows, Sonning, Reading, Wokingham RG4 6XB5
£1.1M09/210.21 mi16, Old Bath Road, Sonning, Reading, Wokingham RG4 6TA5
£730K08/230.28 mi29, Warren Road, Woodley, Reading, Wokingham RG5 3AR5
£643K11/200.46 mi113, Pitts Lane, Earley, Reading, Wokingham RG6 1DD5
£815K06/230.51 mi12, Hilltop Road, Earley, Reading, Wokingham RG6 1BZ5
£500K11/200.57 mi62, Delamere Road, Earley, Reading, Wokingham RG6 1AP5
£880K02/210.61 miBiricha, Parkway Drive, Sonning, Reading, Wokingham RG4 6XG5
£1.1M09/220.65 mi15, Reading Road, Woodley, Reading, Wokingham RG5 3DA5
£950K04/210.7 mi8, Blossom Grove, Woodley, Reading, Wokingham RG5 4RB5
£325K06/230.76 mi32, Chiltern Crescent, Earley, Reading, Wokingham RG6 1AN5
£825K06/210.8 mi1, Garde Road, Sonning, Reading, Wokingham RG4 6XJ5
£980K02/210.95 mi2, Copse Mead, Woodley, Reading, Wokingham RG5 4RP5
£630K05/210.96 mi13, Church Road, Woodley, Reading, Wokingham RG5 4QR5
£586.4K12/200.98 mi179, Church Road, Earley, Reading, Wokingham RG6 1HN5
£495K02/211.03 mi12, Blackthorn Close, Earley, Reading, Wokingham RG6 1DH5
£625K03/211.06 mi61, Caldbeck Drive, Woodley, Reading, Wokingham RG5 4JX5
£670K06/211.09 mi253, Loddon Bridge Road, Woodley, Reading, Wokingham RG5 4BL5
£550K06/231.17 mi17, Lunds Farm Road, Woodley, Reading, Wokingham RG5 4PY5
£635K04/211.18 mi202, Loddon Bridge Road, Woodley, Reading, Wokingham RG5 4BN5
£570K06/231.25 mi28, Tippings Lane, Woodley, Reading, Wokingham RG5 4RY5
£455K04/211.3 mi27, Wallace Close, Woodley, Reading, Wokingham RG5 3HW5
£725K01/231.32 mi159, St Peters Road, Reading RG6 1PG5
£345K03/211.34 mi47, Radstock Road, Reading RG1 3PS5
£650K12/221.39 mi12, The Close, Woodley, Reading, Wokingham RG5 3QL5
£635K03/211.4 mi5, Sycamore Close, Woodley, Reading, Wokingham RG5 3RY5
£560K09/221.41 mi4, Bulmershe Road, Reading RG1 5RJ5
£740K10/201.42 mi5, Bulmershe Road, Reading RG1 5RH5
£790K06/211.48 mi39, Hamilton Road, Reading RG1 5RA5
£745K10/201.5 mi76, Hamilton Road, Reading RG1 5RD5
£830K10/221.54 mi5, Phillips Close, Woodley, Reading, Wokingham RG5 4XD5
£675K03/211.56 mi191, Hurricane Way, Woodley, Reading, Wokingham RG5 4UH5
£485K05/211.56 miIffleigh, Park Lane, Charvil, Reading, Wokingham RG10 9TR5
£735K06/211.56 mi5, Holmes Road, Reading RG6 7BH5
£545K06/211.57 mi11, Oban Gardens, Woodley, Reading, Wokingham RG5 3RG5
£579K04/211.57 mi442, Wokingham Road, Earley, Reading, Wokingham RG6 7HX5
£1.9M02/231.58 miTemple Cottage, Beggars Hill Road, Lands End, Reading, Wokingham RG10 0UB5
£790K06/231.61 mi15, Anthian Close, Woodley, Reading, Wokingham RG5 4XA5
£580K11/201.64 mi78, Loddon Bridge Road, Woodley, Reading, Wokingham RG5 4AN5
£637.5K11/201.65 mi8, Walrus Close, Woodley, Reading, Wokingham RG5 4UQ5
£670K06/211.65 mi2, Walrus Close, Woodley, Reading, Wokingham RG5 4UQ5
£900K11/201.65 mi106, Colemans Moor Road, Woodley, Reading, Wokingham RG5 4DN5
£1.1M09/211.67 mi19, Wilderness Road, Earley, Reading, Wokingham RG6 7RU5
£895K06/211.69 mi4, Newbury Close, Charvil, Reading, Wokingham RG10 9RT5
£994K06/211.71 mi123, East Park Farm Drive, Charvil, Reading, Wokingham RG10 9UQ5
£550K03/231.72 mi38, Erleigh Road, Reading RG1 5NA5
£870K11/201.72 mi43, Ramsbury Drive, Earley, Reading, Wokingham RG6 7RT5
£910K07/231.75 mi25, Gingells Farm Road, Charvil, Reading, Wokingham RG10 9DJ5
£810K10/211.8 mi12, Denmark Road, Reading RG1 5PA5
£1.4M12/221.82 mi55, Wilderness Road, Earley, Reading, Wokingham RG6 7RR5
£426.8K05/211.83 mi51, Galsworthy Drive, Caversham, Reading RG4 6PR5

Local Rents

18 rents from £1.6K/mo to £2.3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,85007/240.19 mi-3
£1,60007/240.34 miBadgers Rise3
£1,72007/240.43 mi-3
£1,87507/240.47 miDelamere Road, Reading, Berkshire3
£1,95009/240.48 mi-3
£2,10007/240.5 miWoodley, Reading, RG53
£2,00008/240.53 miGodstow Close, Woodley, Reading, Berkshire, RG54
£2,10007/240.53 mi-4
£2,00002/250.54 mi-4
£2,15006/240.54 mi-3
£2,25007/240.54 miEynsham Close, Woodley, Reading, RG53
£1,95007/240.54 miEynsham Close3
£2,00002/250.54 mi-3
£1,85012/240.55 mi-3
£1,85007/240.56 miDelamere Road, Reading, RG6 1AP3
£1,85007/240.56 miDelamere Road, Earley3
£1,65007/240.57 miChequers Way3
£1,59512/240.62 miWest Court, West Drive, Sonning, Reading, RG43

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

2.53 miles away

Nearest school

0.50 miles away

Nearest train station

1.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £1,250,000

February 19, 2025

Floor Plans

Description

  • Five Bedrooms +
  • Planning Permission To Extend +
  • 0.22 Acres +
  • In and Out Driveway +
  • Impressive Finish +
  • Modern Kitchen/Diner +
  • Private Road +

PARKERS PRESTIGE - Offered to the market with NO ONWARD CHAIN is this impressive five bedroom detached family home situated within the highly desirable village of Sonning with planning permission approved making the ideal forever home.

The spacious and flexible accommodation comprises; entrance hall, wc, large front to back living room, a further reception room which is currently being used as a playroom but could become a home cinema, utility room and the hub of the house an open planned kitchen/diner finished to the highest of standards.

To the first floor you will find five bedrooms with the master benefitting from an ensuite and built in wardrobes, a family bathroom and a separate shower cubicle.

Externally, this tasteful property occupies 0.22 acres with an in and out driveway, a large private rear garden and a garage.

There has also been further planning permission approved for a single storey extension to the rear extending the kitchen/living/dining area, an extension above the garage making a walk-in wardrobe off of the master bedroom and a loft conversion allowing for two further rooms and a shower room.

Located within the picturesque village of Sonning which is seen as one of the most desirable places within Berkshire due to its rich history. Situated only moments away from playing fields, Sonning hockey club, Sonning golf course and popular state and private schools including Bluecoat.

This property must be viewed in person to be truly appreciated.

Council Tax Band G

Agent Details

Parkers, Caversham

0118 230 0603

Next Steps?

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