4 Bed Bungalow, Refurb/BRRR, Wokingham, RG40 1PX, £635,000

14 Budges Gardens, Wokingham, Berkshire, RG40 1PX - a month ago

Refurb/BRRR
~129 m²
+8 photos

ValuationOvervalued

Sold Prices£375K - £1.0M
Sold Prices/m²£3.3K/m² - £7.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.9K/m²

Value Estimate

£569,920

 

 

End Value (After Refurb)

£584,735

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£158,750

Stamp Duty & Legal Fees

£52,200

Refurb Costs

£61,233

Bridging Loan Interest

£16,669

Total Cash In

£290,602

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£584,735

Mortgage (After Refinance)

£438,551

Mortgage LTV

75%

Cash Left In

£290,602

Equity

£146,184

Rent Range

£1,500 - £3,750

Rent Estimate

£2,221

Running Costs/mo

£2,291

Cashflow/mo

£-70

Cashflow/yr

£-846

Gross Yield

4%

Local Sold Prices

50 sold prices from £375K to £1.0M, average is £652.5K. £3.3K/m² to £7.8K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£700K12/220 mi12, Budges Gardens, Wokingham RG40 1PX4
£570K01/210.09 mi1, Blake Close, Wokingham RG40 1QH4
£820K06/230.1 mi3, Buckthorn Close, Wokingham RG40 5YD4
£450K02/210.16 mi3, Clover Close, Wokingham RG40 5YX4
£550K12/200.18 mi17, Trefoil Close, Wokingham RG40 5YQ4
£440K01/230.18 mi178, Norreys Avenue, Wokingham RG40 1UH4
£504.5K10/210.21 mi18, Sarum Crescent, Wokingham RG40 1XF4
£740K03/230.22 mi9, Payley Drive, Wokingham RG40 5YW4
£640K02/210.22 mi5, Payley Drive, Wokingham RG40 5YW4
£375K12/200.23 mi25, Sarum Crescent, Wokingham RG40 1XF4
£600K12/200.25 mi49, Twycross Road, Wokingham RG40 5PE4
£507K01/210.27 mi4, Rosebay, Wokingham RG40 5YT4
£790K06/210.3 mi5, Dyer Road, Wokingham RG40 5PG4
£860K04/230.3 mi17, Dyer Road, Wokingham RG40 5PG4
£490K12/200.3 mi20, Crutchley Road, Wokingham RG40 1XA4
£618K11/200.32 mi46, Montague Close, Wokingham RG40 5PH4
£525K06/210.34 mi37, Rosebay, Wokingham RG40 5YT4
£407.5K11/200.34 mi10, Victoria Walk, Wokingham RG40 5YL4
£537K01/210.35 mi25, Benning Way, Wokingham RG40 1XX4
£500K08/230.35 mi11, Benning Way, Wokingham RG40 1XX4
£400K11/200.36 mi28, Elizabeth Road, Wokingham RG40 1UB4
£605K01/230.36 mi19, Benning Way, Wokingham RG40 1XX4
£507.5K04/210.41 mi7, Charwood Road, Wokingham RG40 1RY4
£655K06/210.41 mi18, Mays Road, Wokingham RG40 1RW4
£717K01/230.42 mi166, London Road, Wokingham RG40 1SU4
£880K07/230.45 mi9, Barkhart Drive, Wokingham RG40 1TW4
£695K01/210.48 mi3, Abbey Close, Wokingham RG40 1WB4
£510.8K12/200.49 mi87, London Road, Wokingham RG40 1YA4
£780K06/210.51 mi17, All Saints Close, Wokingham RG40 1WE4
£510K06/210.51 mi1, Harmar Close, Wokingham RG40 1SG4
£685K06/230.51 mi52, Harmar Close, Wokingham RG40 1SG4
£533.8K12/200.52 mi5, Bean Oak Road, Wokingham RG40 1RH4
£1.0M12/220.52 mi1, Barkhart Gardens, Wokingham RG40 1ET4
£650K12/200.52 mi6, Chetwode Close, Wokingham RG40 2LL4
£880K06/210.52 mi8, Chetwode Close, Wokingham RG40 2LL4
£775K06/210.53 mi13, Osborne Road, Wokingham RG40 1TL4
£880K12/210.53 mi21, Clare Avenue, Wokingham RG40 1EB4
£735K01/210.53 mi17, Clare Avenue, Wokingham RG40 1EB4
£815K03/230.55 mi40, Bean Oak Road, Wokingham RG40 1RL4
£680K12/200.61 mi32, Rose Street, Wokingham RG40 1XU4
£595K12/220.63 mi50, Proctors Road, Wokingham RG40 1RP4
£535K03/210.63 mi71, Proctors Road, Wokingham RG40 1RP4
£750K01/210.64 mi38, Plough Lane, Wokingham RG40 1RG4
£920K04/230.65 mi9, Cedar Close, Wokingham RG40 1EA4
£680K03/210.65 mi6, Cedar Close, Wokingham RG40 1EA4
£775.5K11/210.66 mi25, Rances Lane, Wokingham RG40 2LG4
£600K03/210.68 mi1, Moles Close, Wokingham RG40 2EQ4
£870K10/210.68 mi34, Rances Lane, Wokingham RG40 2LH4
£875K05/230.68 mi6, Rances Lane, Wokingham RG40 2LH4
£692.5K11/200.71 mi6, Tattersall Close, Wokingham RG40 2LP4

Local Rents

23 rents from £1.5K/mo to £3.8K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,50007/240.12 miWhaley Road, Wokingham3
£1,85007/240.14 miPigott Road, Wokingham, RG403
£2,00007/240.18 miTrefoil Close, Wokingham, RG403
£2,00007/240.29 miVictoria Gardens, Wokingham, RG403
£2,00011/240.29 mi-3
£1,95503/250.29 mi-3
£1,95503/250.29 mi-3
£1,95504/250.29 mi-3
£2,40012/240.3 miDyer Road, Wokingham, RG404
£1,75007/240.33 miMontague Close, Wokingham, RG403
£3,50007/240.4 miLondon Road, Wokingham, Berkshire, RG405
£2,60007/240.42 miDean Grove, Wokingham, RG40 1WD4
£2,20007/240.44 miDalley Road, Wokingham, Berkshire, RG403
£2,20012/240.44 mi-3
£2,65012/240.46 mi-4
£1,70007/240.46 mi-3
£2,25007/240.46 miGoddard Crescent, Wokingham, Berkshire, RG403
£3,75007/240.47 miLondon Road, Wokingham, Berkshire, RG406
£1,99507/240.5 miAll Saints Close, Wokingham, Berkshire, RG403
£1,95006/240.57 mi-3
£2,00002/250.57 mi-3
£2,65007/240.57 miWokingham, Berkshire4
£2,00007/240.6 miEasthampstead Road, Wokingham, Berkshire, RG404

Local Area Statistics

Population in RG40

26,370

Population in Wokingham

54,769

Town centre distance

1.34 miles away

Nearest school

0.10 miles away

Nearest train station

1.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £635,000

March 14, 2025

Floor Plans

Description

  • CUL DE SAC LOCATION +
  • CLOSE TO TOWN CENTRE +
  • CURRENTLY 4 BEDROOMS +
  • IDEAL MODERNISATION PROJECT +
  • GOOD SIZED REAR GARDEN +
  • NO ONWARD CHAIN +

A spacious detached bungalow situated on a very generous plot in this quiet cul de sac within easy reach of the town centre. The property has enormous potential for modernisation and is being sold with the benefit of no onward chain.

Agent Details

Keith Gibbs Estate Agents, Binfield

01344 951126

Next Steps?

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