3 Bed Terraced House, Single Let, Reading, RG4 5DA, £255,000

Ian Mikardo Way, Caversham, READING, RG4 5DA - 2 views - 18 days ago

Auction
BTL
ROI: 7%
~93 m²
+1 photos

ValuationUndervalued

Sold Prices£286K - £835K
Sold Prices/m²£3K/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£308,550
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£14,200

Total Cash In

£77,950

 

 

Cash Out

 

Rent Range

£1,495 - £2,325

Rent Estimate

£1,595

Running Costs/mo

£1,136

Cashflow/mo

£459

Cashflow/yr

£5,510

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £286K to £835K, average is £392.5K. £3K/m² to £6K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£293K11/220.07 mi47, Alston Walk, Caversham, Reading RG4 5DD3
£286K03/210.11 mi46, Rothwell Walk, Caversham, Reading RG4 5DB3
£350K04/230.11 mi46, Rothwell Walk, Caversham, Reading RG4 5DB3
£415K05/210.11 mi10, Peel Close, Caversham, Reading RG4 5BL3
£307K06/210.16 mi61, Amersham Road, Caversham, Reading RG4 5BP3
£436K01/230.18 mi132, Meadow Way, Caversham, Reading RG4 5LY3
£370K12/200.18 mi134, Meadow Way, Caversham, Reading RG4 5LY3
£345K07/210.22 mi65, Lower Henley Road, Caversham, Reading RG4 5LD3
£395K05/230.26 mi14, Talbot Close, Caversham, Reading RG4 5BN3
£390K04/230.27 mi6, Eccles Close, Caversham, Reading RG4 5BJ3
£835K01/230.28 mi248, Henley Road, Caversham, Reading RG4 6LR3
£505K01/230.3 mi116, Mayfield Drive, Caversham, Reading RG4 5JT3
£400K04/230.3 mi35, Star Road, Caversham, Reading RG4 5BE3
£380K10/200.3 mi78b, Star Road, Caversham, Reading RG4 5BE3
£369.7K12/200.3 mi41, Star Road, Caversham, Reading RG4 5BE3
£332K10/200.3 mi29, Star Road, Caversham, Reading RG4 5BE3
£390K12/200.3 mi37, Star Road, Caversham, Reading RG4 5BE3
£348.5K02/210.3 mi62, Star Road, Caversham, Reading RG4 5BE3
£420.5K04/230.3 mi25, Star Road, Caversham, Reading RG4 5BE3
£435K08/230.34 mi89, Briants Avenue, Caversham, Reading RG4 5BA3
£415K03/210.34 mi23, Donkin Hill, Caversham, Reading RG4 5DG3
£321K01/230.34 mi5, Donkin Hill, Caversham, Reading RG4 5DG3
£385K12/200.35 mi45, Briants Avenue, Caversham, Reading RG4 5AS3
£335K03/210.35 mi30, Briants Avenue, Caversham, Reading RG4 5AS3
£300K02/210.35 mi67, Briants Avenue, Caversham, Reading RG4 5AS3
£580K03/230.35 mi104, Mayfield Drive, Caversham, Reading RG4 5JT3
£450K11/200.35 mi106, Mayfield Drive, Caversham, Reading RG4 5JT3
£403K05/210.35 mi9, Pembroke Place, Caversham, Reading RG4 5HU3
£340K12/200.35 mi35, Briants Avenue, Caversham, Reading RG4 5AY3
£470K06/210.36 mi8, Star Road, Caversham, Reading RG4 5BS3
£435K06/210.36 mi109, Mayfield Drive, Caversham, Reading RG4 5JR3
£400K11/200.36 mi105, Mayfield Drive, Caversham, Reading RG4 5JR3
£493K06/230.36 mi125, Mayfield Drive, Caversham, Reading RG4 5JR3
£492K01/230.36 mi127, Mayfield Drive, Caversham, Reading RG4 5JR3
£400K06/210.37 mi47, Mayfield Drive, Caversham, Reading RG4 5JP3
£432.5K11/210.37 mi45, Mayfield Drive, Caversham, Reading RG4 5JP3
£500K01/230.38 mi84, Mayfield Drive, Caversham, Reading RG4 5JT3
£375K12/200.39 mi96, South View Avenue, Caversham, Reading RG4 5BB3
£610K01/230.39 mi4, Montague Street, Caversham, Reading RG4 5AU3
£412K12/220.39 mi6, Marsack Street, Caversham, Reading RG4 5AP3
£388.5K05/230.39 mi9, Montague Street, Caversham, Reading RG4 5AU3
£430K03/230.4 mi8, Marsack Street, Caversham, Reading RG4 5AP3
£325K02/210.4 mi22, Keston Close, Caversham, Reading RG4 5DZ3
£387.5K01/210.41 mi9, Onslow Gardens, Caversham, Reading RG4 5HY3
£387.5K01/210.41 mi9, Onslow Gardens, Caversham, Reading RG4 5HY3
£339.9K10/200.41 mi400, Gosbrook Road, Caversham, Reading RG4 8EG3
£435K07/230.43 mi25, Donegal Close, Caversham, Reading RG4 5DT3
£332.5K11/200.43 mi4, Donegal Close, Caversham, Reading RG4 5DT3
£351.5K04/210.43 mi25, Donegal Close, Caversham, Reading RG4 5DT3
£464.2K03/210.45 mi27, Champion Road, Caversham, Reading RG4 8EL3

Local Rents

18 rents from £1.5K/mo to £2.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,65001/250.11 mi-3
£2,32503/250.16 mi-3
£1,65012/240.26 miEccles Close, Caversham, Reading3
£2,00007/240.28 miAnglefield Road, Caversham, Reading, Berkshire, RG43
£1,65002/250.33 mi-3
£1,65007/240.35 miBriants Avenue, Caversham, Reading, Berkshire, RG43
£1,69512/240.35 miBriants Avenue3
£1,75007/240.4 miMayfield Drive, Caversham, Reading3
£1,75007/240.41 miOnslow Gardens, Caversham, Reading3
£1,59501/250.5 mi-3
£1,50004/250.51 mi-3
£1,75007/240.53 miValentine Crescent, Caversham, Reading, RG43
£1,75007/240.53 mi-3
£1,49512/240.55 miQueen's Road, Caversham, Reading3
£1,59512/240.57 miKings Road3
£1,95002/240.58 mi-3
£1,59507/240.59 mi-3
£1,59507/240.59 miKings Rd, Reading, RG43

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.42 miles away

Nearest school

0.40 miles away

Nearest train station

1.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £255,000

March 18, 2025

Description

  • AUCTION SALE +
  • 15 April 2025 +
  • By order of a major housing association. +
  • EPC Rating - C +
  • To view: By arrangement with the Auctioneers. +

SUMMARY
AUCTION SALE 15 April 2025 - Freehold two floor mid terrace house requiring updating,
Full vacant possession.

DESCRIPTION
Freehold two floor mid terrace house requiring updating,
Full vacant possession.

3D Tour: Click Here

Location:
The property is situated on Ian Mikardo Way, located off Amersham Road and well positioned for the amenities of Reading, Caversham and Sonning. Transport options include bus routes, road links via the M4, A404M or the M40 and rail links at Reading (fast route into London). Recreational pursuits include Caversham Park, Sonning Common and the River Thames.

Accomodation:
First floor: Three bedrooms, bathroom/washroom, acess to loft
Ground floor: Entrance hall, reception room, kitchen/dining, cloakroom/WC
Outside: Front communal parking, rear garden and store

EPC rating: C

Council Tax Band: C

Tenure: Freehold (some estate service charges may apply - refer to legal pack)

To view: By arrangement with the Auctioneers.

Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Hammersmith Auctions

020 3866 9305

Next Steps?

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