2 Bed Bungalow, Refurb/BRRR, Reading, RG5 3HN, £350,000

Woodlands Avenue, Woodley, RG5 3HN - 2 views - a month ago

Sold STC
Refurb/BRRR
Planning
~68 m²

ValuationFair Value

Sold Prices£255K - £597.5K
Sold Prices/m²£3.9K/m² - £8.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£353,500

 

 

End Value (After Refurb)

£358,125

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£31,932

Bridging Loan Interest

£9,188

Total Cash In

£154,069

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£358,125

Mortgage (After Refinance)

£268,594

Mortgage LTV

75%

Cash Released

£6,094

Cash Left In

£147,975

Equity

£89,531

Rent Range

£1,050 - £1,850

Rent Estimate

£1,468

Running Costs/mo

£1,433

Cashflow/mo

£35

Cashflow/yr

£423

ROI

0%

Gross Yield

5%

Local Sold Prices

49 sold prices from £255K to £597.5K, average is £342.5K. £3.9K/m² to £8.1K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£340K11/210.06 mi7, Woodlands Avenue, Woodley, Reading, Wokingham RG5 3HN2
£450K03/230.12 mi16, Woodwaye, Woodley, Reading, Wokingham RG5 3HA2
£380K01/210.18 mi10, Roslyn Road, Woodley, Reading, Wokingham RG5 3HR2
£540K10/220.2 mi45, Woodwaye, Woodley, Reading, Wokingham RG5 3HB2
£382K11/200.28 mi6, Cottesmore Road, Woodley, Reading, Wokingham RG5 3NX2
£325K05/210.29 mi58, Malone Road, Woodley, Reading, Wokingham RG5 3NJ2
£350K02/230.29 mi48, Malone Road, Woodley, Reading, Wokingham RG5 3NJ2
£597.5K09/220.3 mi5, Farriers Close, Woodley, Reading, Wokingham RG5 3DD2
£545K12/220.3 mi6, Farriers Close, Woodley, Reading, Wokingham RG5 3DD2
£490K06/230.31 mi8, Dundela Close, Woodley, Reading, Wokingham RG5 3NN2
£400K12/200.31 mi4, Dundela Close, Woodley, Reading, Wokingham RG5 3NN2
£351K04/210.32 mi27, Malone Road, Woodley, Reading, Wokingham RG5 3NL2
£320K06/210.34 mi53, Quentin Road, Woodley, Reading, Wokingham RG5 3NE2
£355K11/220.35 mi12, Temple Mews, Woodley, Reading, Wokingham RG5 4ST2
£330K07/230.42 mi8, Yeoman Place, Woodley, Reading, Wokingham RG5 3BX2
£292K03/210.42 mi2, Yeoman Place, Woodley, Reading, Wokingham RG5 3BX2
£310K05/210.42 mi205, Loddon Bridge Road, Woodley, Reading, Wokingham RG5 4BP2
£345K10/200.42 mi207, Loddon Bridge Road, Woodley, Reading, Wokingham RG5 4BP2
£391K04/210.44 mi36, Nightingale Road, Woodley, Reading, Wokingham RG5 3LU2
£320K03/210.49 mi5, Letts Green, Woodley, Reading, Wokingham RG5 3QZ2
£365K12/210.54 mi98, Nightingale Road, Woodley, Reading, Wokingham RG5 3LY2
£402K05/230.55 mi115, Nightingale Road, Woodley, Reading, Wokingham RG5 3LY2
£305K07/210.6 mi5, School Drive, Woodley, Reading, Wokingham RG5 3PZ2
£291K06/210.62 mi23, Coniston Close, Woodley, Reading, Wokingham RG5 4AY2
£375K08/210.62 mi8, The Laurels, Woodley, Reading, Wokingham RG5 3BA2
£380K06/210.63 mi15, Wroxham Road, Woodley, Reading, Wokingham RG5 3AX2
£415K02/210.63 mi49, Wroxham Road, Woodley, Reading, Wokingham RG5 3AX2
£395K06/210.63 mi35, Wroxham Road, Woodley, Reading, Wokingham RG5 3AX2
£450K01/210.67 mi59, Western Avenue, Woodley, Reading, Wokingham RG5 3BL2
£256.5K11/210.68 mi17, Knowle Road, Woodley, Reading, Wokingham RG5 3QE2
£255K10/200.68 mi19, Knowle Road, Woodley, Reading, Wokingham RG5 3QE2
£312K01/210.72 mi6, Tennyson Road, Woodley, Reading, Wokingham RG5 3RH2
£335K12/200.75 mi40, Telford Crescent, Woodley, Reading, Wokingham RG5 4QT2
£365K01/210.77 mi8, Munro Avenue, Woodley, Reading, Wokingham RG5 3QY2
£305K10/210.77 mi24, Shackleton Way, Woodley, Reading, Wokingham RG5 4UT2
£425K03/210.78 mi8, Greenham Close, Woodley, Reading, Wokingham RG5 4EG2
£380K02/210.81 mi50, Walmer Road, Woodley, Reading, Wokingham RG5 4PN2
£330K09/210.82 mi37, Shackleton Way, Woodley, Reading, Wokingham RG5 4UU2
£342.5K06/230.82 mi10, Armstrong Way, Woodley, Reading, Wokingham RG5 4NW2
£315K07/210.83 mi327, Headley Road East, Woodley, Reading, Wokingham RG5 4SE2
£323.5K11/210.84 mi17, Amber Close, Earley, Reading, Wokingham RG6 7ED2
£296K01/210.86 mi51, Little Horse Close, Earley, Reading, Wokingham RG6 7HL2
£327.5K04/230.88 mi12, Victor Way, Woodley, Reading, Wokingham RG5 4UZ2
£300K12/210.91 mi326, Headley Road East, Woodley, Reading, Wokingham RG5 4SJ2
£317K02/210.94 mi15, Hurricane Way, Woodley, Reading, Wokingham RG5 4XJ2
£345K10/220.95 mi45, Lysander Close, Woodley, Reading, Wokingham RG5 4ND2
£299K06/210.95 mi28, Lysander Close, Woodley, Reading, Wokingham RG5 4ND2
£290K05/210.95 mi41, Lysander Close, Woodley, Reading, Wokingham RG5 4ND2
£290K04/210.95 mi23, Lysander Close, Woodley, Reading, Wokingham RG5 4ND2

Local Rents

20 rents from £1.1K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50001/250.06 mi-2
£1,50007/240.07 miLytham Road, Woodley, Reading, Berkshire, RG52
£1,20007/240.1 miCrockhamwell Road, Woodley, RG52
£1,50007/240.12 miWoodwaye, Woodley, Reading, Berkshire, RG52
£1,60007/240.23 miJerome Road, Woodley2
£1,60007/240.27 miCottesmore Road, Woodley, Reading, Berkshire, RG52
£1,60008/240.28 miJerome Road, Woodley, Reading, Berkshire, RG52
£1,60008/240.28 miJerome Road, Woodley, Reading, Berkshire, RG52
£1,49508/240.34 miWoodfield Court, Woodley2
£1,50006/240.34 mi-2
£1,75007/240.4 miWestern Avenue, Woodley, Reading, Berkshire, RG52
£1,40008/240.42 miLadbroke Close, Woodley, Reading, Berkshire, RG52
£1,40004/250.46 mi-2
£1,25007/240.49 miLetts Green, Woodley, RG52
£1,45004/250.49 mi-2
£1,15007/240.52 miWoodley, Reading2
£1,85007/240.55 miAddington Gardens, Woodley, Reading, Berkshire, RG52
£1,45010/240.55 mi-2
£1,05006/240.59 mi-2
£1,50007/240.62 miConiston Close, Woodley2

Local Area Statistics

Population in RG5

25,444

Population in Reading

321,187

Town centre distance

2.84 miles away

Nearest school

0.10 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-31%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £350,000

March 1, 2025

Floor Plans

Description

*PROJECT*Situated just a stone's throw from Woodley Precinct, this two-bedroom detached bungalow offers a fantastic opportunity for those looking to create their dream home. While in need of renovation throughout, the property boasts considerable potential for customisation and improvement.

The entrance hall leads to two spacious double bedrooms, each offering ample space and the promise of cosy, private retreats. The layout flows into a large kitchen/dining room, perfect for family meals and entertaining guests. The adjoining living room provides a comfortable space for relaxation.

A useful lean-to runs down the side of the property, offering additional storage options. The large rear garden is a standout feature, (currently overgrown so unable to view) providing ample space for outdoor activities and the possibility of future landscaping projects.

With driveway parking for multiple vehicles, convenience is assured. The property also holds significant potential for extension, subject to planning permission (STPP), allowing you to expand and enhance the living space to suit your needs.

Located close to excellent schools and local amenities, this bungalow offers a prime position and a wonderful opportunity to renovate and create a bespoke home tailored to your taste and requirements.

AGENTS NOTE the vendor is a member of our staffs family member

Agents Note - In accordance with the Money Laundering Regulations mandated by the government in 2019, it is obligatory for us to verify the identity of all potential buyers. We engage the assistance of a third-party entity, Lifetime Legal, who will reach out to you directly at a mutually agreed upon time for this purpose. They will require the complete name, date of birth, and current residential address of all buyers. A nominal fee of £80, inclusive of VAT, is applicable for this service (per transaction, not per individual), payable directly to Lifetime Legal. Kindly note, we are unable to provide a memorandum of sale until the verification process is concluded.

Agent Details

Grapevine Estate Agents, Berkshire

0118 230 8390

Next Steps?

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