2 Bed Terraced House, Refurb/BRRR, Reading, RG1 4EH, £300,000

Conservation Area, Convenient for Uni / Hospital and Town Centre, RG1 4EH - 25 days ago

Refurb/BRRR
ROI: 6%
~59 m²
+9 photos

ValuationOvervalued

Sold Prices£217K - £375K
Sold Prices/m²£3K/m² - £6K/m²

 

 

Square Metres

~58.71 m²
Price/m²£5.1K/m²

Value Estimate

£233,750

 

 

End Value (After Refurb)

£300,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£27,258

Bridging Loan Interest

£7,875

Total Cash In

£133,083

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£300,000

Mortgage (After Refinance)

£225,000

Mortgage LTV

75%

Cash Left In

£133,083

Equity

£75,000

Rent Range

£1,350 - £4,100

Rent Estimate

£2,017

Running Costs/mo

£1,361

Cashflow/mo

£656

Cashflow/yr

£7,873

ROI

6%

Gross Yield

8%

Local Sold Prices

50 sold prices from £217K to £375K, average is £286.9K. £3K/m² to £6K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£290K03/230.01 mi23, St Johns Street, Reading RG1 4EH2
£286.8K04/210.07 mi8, Eldon Place, Reading RG1 4ED2
£360.5K02/230.07 mi37, Princes Street, Reading RG1 4EG2
£250K10/210.07 mi28, Princes Street, Reading RG1 4EG2
£299.6K08/210.12 mi20, Eldon Street, Reading RG1 4EA2
£305K01/230.12 mi24, Eldon Street, Reading RG1 4EA2
£217K03/210.14 mi23, Eldon Terrace, Reading RG1 4DX2
£300K01/210.17 mi22, Victoria Street, Reading RG1 4NQ2
£300K07/210.2 mi13, Montague Street, Reading RG1 4JH2
£326.5K11/210.21 mi10, Queens Cottages, Reading RG1 4BE2
£375K03/230.27 mi15, Crane Wharf, Reading RG1 3AY2
£275K02/230.42 mi88, Orts Road, Reading RG1 3JS2
£245K01/210.43 mi12, Woodstock Street, Reading RG1 3JU2
£330K11/200.44 mi338, Kennet Side, Reading RG1 3EA2
£325K12/200.44 mi344, Kennet Side, Reading RG1 3EA2
£240K02/210.46 mi97, Cumberland Road, Reading RG1 3JT2
£252.5K01/210.46 mi101, Cumberland Road, Reading RG1 3JT2
£237K12/200.47 mi41, Cumberland Road, Reading RG1 3LB2
£263.1K03/230.48 mi66, Mount Pleasant, Reading RG1 2TD2
£295K05/230.48 mi72, Mount Pleasant, Reading RG1 2TD2
£270K03/210.49 mi24, Amity Street, Reading RG1 3LP2
£276K06/210.49 mi15, Amity Street, Reading RG1 3LP2
£265K01/210.49 mi28, Amity Street, Reading RG1 3LP2
£312K11/200.5 mi72, De Beauvoir Road, Reading RG1 5NP2
£375K01/230.51 mi4, Hatherley Road, Reading RG1 5QA2
£235.5K07/210.51 mi112, Amity Road, Reading RG1 3LL2
£285K04/230.51 mi142, Amity Road, Reading RG1 3LL2
£290K09/210.52 mi148, Cholmeley Road, Reading RG1 3LX2
£285K06/230.52 mi146, Cholmeley Road, Reading RG1 3LX2
£255K09/210.52 mi28, Granby Gardens, Reading RG1 5RT2
£300K07/230.53 mi44, Granby Gardens, Reading RG1 5RT2
£240K11/200.53 mi85, Highgrove Street, Reading RG1 5EJ2
£250K02/210.53 mi28, Amity Road, Reading RG1 3LJ2
£296K06/210.53 mi12, Sherman Road, Reading RG1 2PJ2
£285K11/200.53 mi44, Sherman Road, Reading RG1 2PJ2
£271K05/210.53 mi7, Sherman Road, Reading RG1 2PJ2
£300K02/230.54 mi45, Sherman Road, Reading RG1 2PP2
£254K04/230.54 mi70, Sherman Road, Reading RG1 2PP2
£292K01/210.54 mi74, Sherman Road, Reading RG1 2PP2
£290K02/210.54 mi66, Sherman Road, Reading RG1 2PP2
£315K03/230.54 mi82, Sherman Road, Reading RG1 2PP2
£250K11/200.54 mi18, Chesterman Street, Reading RG1 2PR2
£340K04/230.55 mi48, Carnarvon Road, Reading RG1 5SD2
£254K09/210.55 mi11, Chesterman Street, Reading RG1 2PR2
£295K01/210.55 mi12, Henry Street, Reading RG1 2NN2
£287K02/210.55 mi64, Highgrove Street, Reading RG1 5EN2
£261K03/230.57 mi24, Regent Street, Reading RG1 3NN2
£288K03/230.57 mi23, Hill Street, Reading RG1 2NU2
£300K12/210.59 mi143, Liverpool Road, Reading RG1 3PN2
£270K04/210.59 mi71, Liverpool Road, Reading RG1 3PN2

Local Rents

50 rents from £1.4K/mo to £4.1K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,49507/240.02 miSt. Johns Hill, Reading2
£1,45008/240.02 miSt. Johns Hill, Reading2
£1,45007/240.02 miSt. John's Hill, Reading2
£1,55008/240.02 miWatlington Street, Reading, RG12
£1,35007/240.02 miSt. Johns Street, Reading, RG12
£1,50007/240.02 miSt. Johns Road, Reading, Berkshire, RG12
£1,75009/240.03 miQueens Road, Reading, Berkshire, RG12
£1,55007/240.03 miSt. Johns Hill, Reading, RG12
£1,42512/240.03 mi-2
£1,45007/240.04 miConquest Court, 7-11 St. Johns Hill, Reading, RG12
£1,50002/240.05 mi-2
£1,40002/250.05 mi-2
£1,60009/240.05 miBarkham Mews, Queens Road, Reading, Berkshire, RG12
£1,60007/240.05 miQueens Road, Reading, RG12
£4,10010/240.05 mi-2
£3,00009/240.05 mi-2
£4,10003/250.05 mi-2
£3,00002/250.05 mi-2
£1,40007/240.05 miWatlington Street, Reading2
£4,10010/240.05 mi-2
£4,10009/240.05 mi-2
£4,10002/250.05 mi-2
£4,10001/250.05 mi-2
£3,00002/250.05 mi-2
£1,65007/240.06 miKennet Street, Reading, Berkshire, RG12
£1,65007/240.06 miKennet Street, Reading, Berkshire, RG12
£1,60007/240.06 miKennet Street2
£1,60008/240.06 miKennet Street, Reading, RG12
£1,90008/240.06 mi-2
£1,75007/240.06 miKennet Street, Reading, RG12
£1,75007/240.06 mi-2
£1,75007/240.06 miKennet Street, Reading, Berkshire, RG12
£1,70009/240.06 mi-2
£1,70007/240.06 miKennet Street, Reading, RG12
£2,37510/240.06 mi-2
£2,37501/250.06 mi-2
£3,76103/250.07 mi-2
£1,50008/240.07 miQ2 Watlington Street, Reading2
£1,60008/240.07 miWatlington Street, Reading2
£1,40008/240.07 miPrinces Street, Reading, Berkshire, RG12
£1,35007/240.07 miPrinces Street, Reading, Berkshire, RG12
£1,55007/240.08 miQ2 Watlington Street, Reading, RG12
£1,55008/240.08 mi-2
£1,45007/240.08 miHanover House, 202 Kings Road, Reading, RG12
£1,45007/240.08 miThe Grove, Reading, RG12
£1,45007/240.08 mi-2
£1,40007/240.08 miKings Rd, Reading2
£1,50007/240.09 mi22C Eldon Road, Reading, Berkshire, RG12
£1,49507/240.09 miMontpelier House2
£1,50007/240.09 mi-2

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

0.56 miles away

Nearest school

0.10 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £300,000

March 11, 2025

Floor Plans

Description

  • Conservation Area +
  • Convenient for The Oracle / Hospital / Train Station +
  • Period terrace home +
  • Two reception rooms +
  • Kitchen +
  • Bathroom +
  • Two double bedrooms +
  • In need of some modernisation +
  • No chain +

Property Description

Set in this popular location, convenient for Reading Town Centre, Royal Berkshire Hospital and University located within a mile is this period terrace home with two reception rooms, two double bedrooms, kitchen and bathroom. The property would benefit from some modernisation.

Agent Details

Chancellors, Reading

0118 230 1565

Next Steps?

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