3 Bed Semi-Detached House, Refurb/BRRR, Reading, RG30 3EG, £450,000

Winser Drive, Reading, Berkshire, RG30 3EG - 3 views - a month ago

Refurb/BRRR

Planning

ROI: 1%

~93 m²

+14 photos

ValuationOvervalued

Sold Prices	£250K - £34.0M
Sold Prices/m²	£2.6K/m² - £404.8K/m²

Square Metres	~93 m²
Price/m²	£4.8K/m²
Value Estimate	£367,890£367,890

End Value (After Refurb)	£376,429£376,429

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£24,700£24,700
Refurb Costs	£43,186£43,186
Bridging Loan Interest	£11,813£11,813
Total Cash In	£193,949£193,949

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£376,429£376,429
Mortgage (After Refinance)	£282,321£282,321
Mortgage LTV	75%75%
Cash Left In	£193,949£193,949
Equity	£94,107£94,107
Rent Range	£1,300 - £2,250£1,300 - £2,250
Rent Estimate	£1,727
Running Costs/mo	£1,542£1,542
Cashflow/mo	£185£185
Cashflow/yr	£2,223£2,223
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £250K to £34.0M, average is £367.6K. £2.6K/m² to £404.8K/m², average is £4.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£294K	03/21	0.03 mi	44a, Winser Drive, Reading RG30 3EQ	£4,388	67	3	Semi-Detached House
£400K	01/23	0.03 mi	24, Winser Drive, Reading RG30 3EQ	£4,211	95	3	Semi-Detached House
£492.5K	02/21	0.03 mi	18, Winser Drive, Reading RG30 3EQ	£3,848	128	3	Semi-Detached House
£465K	01/21	0.03 mi	20, Winser Drive, Reading RG30 3EQ	£4,794	97	3	Semi-Detached House
£290K	12/20	0.07 mi	250, Wensley Road, Reading RG1 6DP	£3,625	80	3	Semi-Detached House
£411K	02/21	0.09 mi	110, Kenilworth Avenue, Reading RG30 3DW	-	-	3	Semi-Detached House
£340K	07/21	0.16 mi	21, Barn Close, Reading RG30 3EE	-	-	3	Semi-Detached House
£380K	11/21	0.18 mi	50, Tallis Lane, Reading RG30 3EB	-	-	3	Semi-Detached House
£435K	10/20	0.21 mi	60, Kenilworth Avenue, Reading RG30 3DN	£4,104	106	3	Semi-Detached House
£550K	03/23	0.21 mi	50, Kenilworth Avenue, Reading RG30 3DN	£4,435	124	3	Detached House
£360K	06/21	0.22 mi	16, Stapleford Road, Reading RG30 3ED	-	-	3	Semi-Detached House
£620K	07/23	0.22 mi	31, Kenilworth Avenue, Reading RG30 3DL	£5,345	116	3	Semi-Detached House
£380K	04/23	0.22 mi	91, Swallows Croft, Reading RG1 6EH	£4,872	78	3	Terraced House
£340K	09/21	0.23 mi	89, Southcote Lane, Reading RG30 3AH	£4,048	84	3	Semi-Detached House
£360K	09/22	0.27 mi	179, Wensley Road, Reading RG1 6DU	£4,390	82	3	Semi-Detached House
£307.5K	12/20	0.27 mi	75, Silchester Road, Reading RG30 3EJ	£2,584	119	3	Semi-Detached House
£250K	11/22	0.28 mi	6, Heron Way, Reading RG1 6DY	£3,049	82	3	Semi-Detached House
£375K	02/23	0.29 mi	48, Shepley Drive, Reading RG30 3HQ	£4,310	87	3	Semi-Detached House
£375K	09/21	0.3 mi	21, Edenham Crescent, Reading RG1 6HU	£3,989	94	3	Semi-Detached House
£367.1K	05/21	0.3 mi	35, Edenham Crescent, Reading RG1 6HU	£3,956	93	3	Semi-Detached House
£345K	06/21	0.3 mi	17, Edenham Crescent, Reading RG1 6HU	£3,833	90	3	Semi-Detached House
£330K	03/21	0.32 mi	25, Silchester Road, Reading RG30 3EJ	-	-	3	Semi-Detached House
£315K	11/20	0.33 mi	38, Lesford Road, Reading RG1 6DX	£3,841	82	3	Semi-Detached House
£298K	12/20	0.33 mi	5, Lesford Road, Reading RG1 6DX	£3,679	81	3	Semi-Detached House
£410K	04/23	0.33 mi	41, Lesford Road, Reading RG1 6DX	-	-	3	Semi-Detached House
£360K	06/23	0.34 mi	95, Circuit Lane, Reading RG30 3HH	-	-	3	Semi-Detached House
£34.0M	12/22	0.35 mi	8, Silchester Road, Reading RG30 3EJ	£404,762	84	3	Semi-Detached House
£463K	06/21	0.37 mi	11, Southcote Lane, Reading RG30 3AA	-	-	3	Semi-Detached House
£320K	11/20	0.37 mi	41, Fawley Road, Reading RG30 3EN	£3,721	86	3	Terraced House
£320K	02/23	0.37 mi	75, Circuit Lane, Reading RG30 3HD	£4,000	80	3	Terraced House
£550K	03/22	0.38 mi	16, Ashley Road, Reading RG1 6HT	£6,180	89	3	Detached House
£373K	03/21	0.42 mi	2, Hawley Mews, Reading RG30 2EY	£5,567	67	3	Semi-Detached House
£475K	03/21	0.45 mi	28, Baydon Drive, Reading RG1 6JB	-	-	3	Semi-Detached House
£525K	04/23	0.47 mi	3, Ashdene Gardens, Reading RG30 2EP	£5,010	105	3	Terraced House
£320.5K	07/21	0.49 mi	2, Bucknell Court, Reading RG1 6FB	£4,931	65	3	Terraced House
£425K	02/22	0.51 mi	12, Froxfield Avenue, Reading RG1 6LR	£4,830	88	3	Detached House
£375K	08/21	0.51 mi	6, Wynford Close, Reading RG30 3HX	-	-	3	Semi-Detached House
£465K	11/22	0.52 mi	159, St Saviours Road, Reading RG1 6EY	-	-	3	Semi-Detached House
£341K	09/21	0.53 mi	194, St Saviours Road, Reading RG1 6EU	£4,871	70	3	Terraced House
£350K	07/23	0.53 mi	184, St Saviours Road, Reading RG1 6EU	-	-	3	Terraced House
£462K	05/21	0.53 mi	9, Upavon Drive, Reading RG1 6LP	£5,022	92	3	Detached House
£315K	11/21	0.54 mi	7, Tupsley Road, Reading RG1 6EX	£4,500	70	3	Semi-Detached House
£340K	03/23	0.54 mi	9, Tupsley Road, Reading RG1 6EX	£4,789	71	3	Terraced House
£292K	12/20	0.55 mi	70, Gainsborough Road, Reading RG30 3BZ	£3,605	81	3	Terraced House
£340K	02/23	0.56 mi	83, Coley Avenue, Reading RG1 6LT	-	-	3	Terraced House
£325K	11/21	0.59 mi	13, Faringdon Walk, Reading RG30 3LD	-	-	3	Terraced House
£348K	02/21	0.59 mi	34, Portway Close, Reading RG1 6LB	£4,143	84	3	Terraced House
£375K	03/23	0.59 mi	31, Portway Close, Reading RG1 6LB	£3,505	107	3	Terraced House
£368K	06/21	0.59 mi	130, St Saviours Road, Reading RG1 6ET	£4,973	74	3	Semi-Detached House
£422.5K	07/23	0.59 mi	41, Wensley Road, Reading RG1 6DQ	-	-	3	Terraced House

Local Rents

24 rents from £1.3K/mo to £2.3K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	07/24	0.03 mi	Winser Drive, Reading	3	Terraced House
£1,900	07/24	0.18 mi	Kenilworth Avenue, Reading	3	Semi-Detached House
£1,900	08/24	0.18 mi	Kenilworth Avenue, Reading	3	Semi-Detached House
£1,900	07/24	0.21 mi	Kenilworth Avenue, Reading, RG30	3	Semi-Detached House
£1,900	07/24	0.21 mi	Kenilworth Avenue, Reading, Berkshire, RG30	3	Semi-Detached House
£1,725	03/25	0.37 mi	-	3	Semi-Detached House
£1,600	08/24	0.41 mi	Circuit Lane, Southcote, Reading, Berkshire, RG30	3	Terraced House
£1,450	02/24	0.41 mi	-	3	Flat
£1,450	12/24	0.41 mi	-	3	Flat
£2,000	10/24	0.43 mi	-	3	Semi-Detached House
£2,250	07/24	0.47 mi	-	3	Semi-Detached House
£1,300	10/23	0.49 mi	Yew Lane, Reading, Berkshire, RG1	3	House
£1,775	07/24	0.49 mi	Benyon Court, Reading, RG1	3	Detached House
£1,850	07/24	0.49 mi	Bath Road, Reading, RG1	3	Terraced House
£1,750	07/24	0.49 mi	Benyon Court, Bath Road, Reading, Berkshire, RG1	3	Terraced House
£1,750	07/24	0.5 mi	Froxfield Avenue, Reading, RG1	3	Detached House
£1,600	07/24	0.5 mi	Yew Lane, Reading, Berkshire, RG1	3	Terraced House
£1,750	07/24	0.51 mi	Froxfield Avenue, Reading, RG1	3	Detached House
£1,700	01/25	0.57 mi	-	3	Flat
£1,800	08/24	0.57 mi	-	3	Terraced House
£1,650	08/24	0.59 mi	Portway Close	3	Terraced House
£1,550	07/24	0.61 mi	Brunswick Street, Reading, RG1	3	Terraced House
£1,500	02/24	0.61 mi	-	3	Terraced House
£1,700	07/24	0.61 mi	Carsdale Close, Reading, Berkshire, RG1	3	Semi-Detached House

Local Area Statistics

Population in RG30	43,41043,410
Population in Reading	321,187321,187
Town centre distance	1.25 miles away1.25 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.91 miles away0.91 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+1%+1%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £450,000

February 26, 2025

Floor Plans

Description

No onward chain +
Three Bedrooms +
Needs modernising throughout +
Good size garden +
Huge potential +

* NO CHAIN, BUYERS NEED TO BE AWARE THAT THERE IS NO HEATING INSIDE *

Discover the epitome of family living in this stunning semi-detached house located in the sought-after neighbourhood of Winser Drive. Boasting three generously-sized bedrooms, two spacious reception rooms, and a contemporary bathroom, this property offers the perfect blend of comfort and style. The property throughout requires modernisation and has potential to extend (subject to planning permission), while the private garden provides fantastic space. Off-street parking adds convenience to your daily routine. Situated within close proximity to local amenities, schools, and transport links, this home is perfect for families looking for a convenient and peaceful lifestyle. Don't miss the opportunity to make this house your new home. Contact us today to arrange a viewing and experience the charm of this property firsthand.

Agent Details

Romans, Reading

0118 230 5271

Next Steps?

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

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