4 Bed Detached House, Refurb/BRRR, Wokingham, RG40 2BX, £835,000

Howard Road, Wokingham, Berkshire, RG40 2BX - 1 views - a month ago

Refurb/BRRR
~129 m²
+18 photos

ValuationOvervalued

Sold Prices£375K - £1.6M
Sold Prices/m²£3.3K/m² - £11.6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£6.5K/m²

Value Estimate

£601,707

 

 

End Value (After Refurb)

£740,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£208,750

Stamp Duty & Legal Fees

£78,700

Refurb Costs

£61,233

Bridging Loan Interest

£21,919

Total Cash In

£372,352

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£740,000

Mortgage (After Refinance)

£555,000

Mortgage LTV

75%

Cash Left In

£372,352

Equity

£185,000

Rent Range

£1,675 - £3,950

Rent Estimate

£2,423

Running Costs/mo

£2,817

Cashflow/mo

£-394

Cashflow/yr

£-4,729

Gross Yield

3%

Local Sold Prices

50 sold prices from £375K to £1.6M, average is £697.5K. £3.3K/m² to £11.6K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£1.0M02/230.1 mi4c, Crescent Road, Wokingham RG40 2DB4
£810K06/210.17 mi31a, Sturges Road, Wokingham RG40 2HG4
£730K11/220.18 mi28, Sturges Road, Wokingham RG40 2HE4
£750K04/230.2 mi42, Gipsy Lane, Wokingham RG40 2BS4
£775K06/210.2 mi68, Gipsy Lane, Wokingham RG40 2BS4
£600K03/210.2 mi1, Moles Close, Wokingham RG40 2EQ4
£1.6M01/230.22 mi1, South Drive, Wokingham RG40 2DH4
£680K12/200.23 mi32, Rose Street, Wokingham RG40 1XU4
£730K01/210.3 mi9, Albert Road, Wokingham RG40 2AL4
£775K06/210.31 mi13, Osborne Road, Wokingham RG40 1TL4
£510.8K12/200.33 mi87, London Road, Wokingham RG40 1YA4
£535K04/230.36 mi4, Park Road, Wokingham RG40 2AH4
£1.0M12/220.37 miLime Tree House, Gipsy Lane, Wokingham RG40 2HP4
£920K04/230.38 mi9, Cedar Close, Wokingham RG40 1EA4
£680K03/210.38 mi6, Cedar Close, Wokingham RG40 1EA4
£525K02/230.43 mi17, Alderman Willey Close, Wokingham RG41 2AQ4
£880K07/230.44 mi9, Barkhart Drive, Wokingham RG40 1TW4
£880K12/210.46 mi21, Clare Avenue, Wokingham RG40 1EB4
£735K01/210.46 mi17, Clare Avenue, Wokingham RG40 1EB4
£400K11/200.47 mi28, Elizabeth Road, Wokingham RG40 1UB4
£580K06/210.48 mi1, Duncan Drive, Wokingham RG40 2JX4
£634K11/200.49 mi12, Starmead Drive, Wokingham RG40 2HX4
£1.0M12/220.5 mi1, Barkhart Gardens, Wokingham RG40 1ET4
£690K10/200.52 mi22, Starmead Drive, Wokingham RG40 2HX4
£436K11/220.52 mi43, Ormonde Road, Wokingham RG41 2RA4
£700K03/230.53 mi13, Starmead Drive, Wokingham RG40 2JA4
£770K08/210.53 mi72, Barkham Road, Wokingham RG41 2RD4
£645K03/210.54 mi9, Andrew Close, Wokingham RG40 2HY4
£717K01/230.54 mi166, London Road, Wokingham RG40 1SU4
£750K03/210.56 mi94, Easthampstead Road, Wokingham RG40 2JD4
£1.2M08/210.57 mi143, Easthampstead Road, Wokingham RG40 2JB4
£695K01/210.58 mi3, Abbey Close, Wokingham RG40 1WB4
£500K11/210.59 mi9, Mount Pleasant, Wokingham RG41 2YG4
£650K12/200.6 mi6, Chetwode Close, Wokingham RG40 2LL4
£880K06/210.6 mi8, Chetwode Close, Wokingham RG40 2LL4
£870K10/210.63 mi34, Rances Lane, Wokingham RG40 2LH4
£875K05/230.63 mi6, Rances Lane, Wokingham RG40 2LH4
£440K04/210.65 mi18, Gorrick Square, Wokingham RG41 2PA4
£440K01/230.66 mi178, Norreys Avenue, Wokingham RG40 1UH4
£700K11/210.66 mi5, Meadow Walk, Wokingham RG41 2TG4
£580K02/230.66 mi4, Meadow Walk, Wokingham RG41 2TG4
£775.5K11/210.66 mi25, Rances Lane, Wokingham RG40 2LG4
£545K04/210.67 mi2, Curl Way, Wokingham RG41 2TJ4
£655K06/210.67 mi18, Mays Road, Wokingham RG40 1RW4
£780K06/210.68 mi17, All Saints Close, Wokingham RG40 1WE4
£375K12/200.69 mi25, Sarum Crescent, Wokingham RG40 1XF4
£682.5K04/210.7 mi20, Waterloo Crescent, Wokingham RG40 2JJ4
£490K12/200.7 mi20, Crutchley Road, Wokingham RG40 1XA4
£504.5K10/210.7 mi18, Sarum Crescent, Wokingham RG40 1XF4
£692.5K11/200.72 mi6, Tattersall Close, Wokingham RG40 2LP4

Local Rents

30 rents from £1.7K/mo to £4K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£3,95003/250.11 mi-4
£2,10002/250.12 mi-3
£2,20004/250.12 mi-3
£3,20007/240.12 miFairview Road, Wokingham4
£2,00008/240.14 miAngus Close, Winnersh, Wokingham, Berkshire, RG413
£2,00007/240.2 miElms Road, Wokingham, Berkshire, RG404
£3,25007/240.21 miEasthampstead Road, Wokingham4
£2,00007/240.22 miEasthampstead Road, Wokingham, Berkshire, RG404
£1,85006/240.3 mi-3
£1,67507/240.3 miOakey Drive, Wokingham3
£2,65007/240.3 miWokingham, Berkshire4
£3,50007/240.31 mi3-5 Easthampstead Road, Wokingham, RG40 2EH3
£1,75002/240.31 mi-3
£2,35006/240.32 mi-4
£2,85007/240.37 mi The Terrace, Wokingham, RG404
£2,10007/240.4 miMurdoch Road, Wokingham, RG403
£2,15007/240.44 mi-4
£1,80007/240.46 miOxford Road, Wokingham, RG413
£1,80008/240.46 miOxford Road, Wokingham, RG413
£2,30007/240.47 miHavelock Road, Wokingham, RG414
£2,90007/240.48 miMilton Gardens Development4
£3,50007/240.48 miLondon Road, Wokingham, Berkshire, RG405
£2,30007/240.5 miHavelock Road, Wokingham4
£2,30008/240.51 miHavelock Road4
£3,75007/240.52 miMilton Road, Wokingham5
£2,09508/240.53 miBucks Copse, Wokingham3
£1,95005/240.55 mi-3
£1,80008/240.56 miBarkham Road, Wokingham, Berkshire, RG413
£1,80003/250.58 mi-3
£2,60007/240.62 miDean Grove, Wokingham, RG40 1WD4

Local Area Statistics

Population in RG40

26,370

Population in Wokingham

54,769

Town centre distance

0.54 miles away

Nearest school

0.30 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £835,000

April 5, 2025

Listed for £900,000

March 14, 2025

Floor Plans

Description

  • Four double bedrooms +
  • Three reception rooms including a work from home space +
  • Spacious kitchen/dining area +
  • Amazing and central location +
  • Close to popular schools +
  • Huge potential +
  • Over 2000 sq ft +
  • Driveway parking and garage +

A spacious four-bedroom detached home in the heart of Wokingham town centre, offering over 2,000 sq. ft of living space, unrivalled convenience, and incredible potential. Featuring generous reception areas, a private garden, and driveway parking, this is a rare opportunity to secure a prime property in one of Berkshire’s most desirable locations.

Situated in the heart of Wokingham town centre, this substantial four-bedroom detached home offers an exceptional opportunity to acquire a spacious property in an unrivalled location. With a total internal area of over 2,000 sq. ft, this home provides generous living spaces and immense potential for modernisation or further enhancement.

Wokingham is a highly sought-after market town, consistently ranked as one of the best places to live in the UK. Offering a blend of historic charm and modern convenience, the town features an array of independent shops, cafés, and restaurants, as well as excellent schools and green spaces. The recently regenerated town centre provides a vibrant atmosphere, with boutique stores, a new leisure complex, and a variety of entertainment options. For commuters, Wokingham benefits from excellent transport links, with direct train services to London Waterloo and easy access to the M4 and M3 motorways.

Inside, the home boasts a well-balanced layout, with spacious reception rooms that offer flexibility for both family living and entertaining. The kitchen and dining area overlook the garden, creating a bright and inviting space, while the generously sized bedrooms provide comfortable accommodation.

Externally, the property benefits from a private driveway with parking for two to three cars, a rarity in such a central location. The rear garden offers a peaceful retreat, perfect for outdoor entertaining. With its enviable setting, extensive living space, and fantastic potential, this property presents an exciting opportunity to secure a home in one of Berkshire’s most desirable towns.

Agent Details

Hat and Home, Wokingham

0118 230 9168

Next Steps?

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