3 Bed Semi-Detached House, Refurb/BRRR, Reading, RG2 8RG, £325,000

Blandford Road, Reading, Berkshire, RG2 8RG - 2 views - 24 days ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£255K - £450K
Sold Prices/m²£2.7K/m² - £6.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£328,250

 

 

End Value (After Refurb)

£383,391

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£43,458

Bridging Loan Interest

£8,531

Total Cash In

£156,189

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£383,391

Mortgage (After Refinance)

£287,543

Mortgage LTV

75%

Cash Released

£43,793

Cash Left In

£112,396

Equity

£95,848

Rent Range

£1,450 - £2,000

Rent Estimate

£1,741

Running Costs/mo

£1,566

Cashflow/mo

£175

Cashflow/yr

£2,096

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £255K to £450K, average is £345K. £2.7K/m² to £6.2K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£290K03/210.01 mi47, Blandford Road, Reading RG2 8RG3
£421.5K01/230.06 mi22, Exbourne Road, Reading RG2 8RH3
£295K02/210.07 mi25, Ambrook Road, Reading RG2 8SL3
£320K06/210.1 mi2, Greenfields Road, Reading RG2 8SE3
£356K09/210.1 mi31, Brayford Road, Reading RG2 8LT3
£356K09/210.1 mi31, Brayford Road, Reading RG2 8LT3
£340K12/220.13 mi103, Ambrook Road, Reading RG2 8SW3
£270K05/230.13 mi110, Ambrook Road, Reading RG2 8SW3
£405K07/230.13 mi86, Ambrook Road, Reading RG2 8SW3
£385K11/220.14 mi44, Greenfields Road, Reading RG2 8SF3
£335K11/200.16 mi26, Farrowdene Road, Reading RG2 8SD3
£353K12/200.16 mi18, Farrowdene Road, Reading RG2 8SD3
£400K03/210.16 mi14, Farrowdene Road, Reading RG2 8SD3
£265K03/210.16 mi28, Farrowdene Road, Reading RG2 8SD3
£370K07/210.16 mi1, Farrowdene Road, Reading RG2 8SD3
£295K02/210.16 mi96, Blandford Road, Reading RG2 8RW3
£287.5K08/210.18 mi61, Hartland Road, Reading RG2 8AD3
£355K06/230.21 mi51, Greenfields Road, Reading RG2 8SG3
£315K08/210.21 mi93, Greenfields Road, Reading RG2 8SG3
£450K03/230.21 mi35, Greenfields Road, Reading RG2 8SG3
£350K08/210.22 mi535, Northumberland Avenue, Reading RG2 8NU3
£360K05/230.22 mi523, Northumberland Avenue, Reading RG2 8NU3
£270K01/210.22 mi529, Northumberland Avenue, Reading RG2 8NU3
£325K06/210.24 mi5, Exwick Square, Reading RG2 8NB3
£385K05/230.24 mi8, Exwick Square, Reading RG2 8NB3
£370K03/230.24 mi25, Heatherden Close, Reading RG2 8SB3
£327K10/200.25 mi4, Heatherdene Close, Reading RG2 8SB3
£255K03/210.25 mi11, Byworth Close, Reading RG2 8SH3
£330K09/210.26 mi87, Foxhays Road, Reading RG2 8NA3
£314K12/210.26 mi25, Hartland Road, Reading RG2 8AB3
£370K03/210.28 mi152, Hartland Road, Reading RG2 8DP3
£355K08/230.28 mi5, Corinne Close, Reading RG2 8AA3
£312.5K08/210.3 mi11, Alandale Close, Reading RG2 8JP3
£343K05/230.32 mi26, Salford Close, Reading RG2 8SA3
£360K01/230.32 mi6, Salford Close, Reading RG2 8SA3
£325K03/210.32 mi207, Whitley Wood Road, Reading RG2 8LD3
£367.5K02/210.34 mi129, Whitley Wood Lane, Reading RG2 8PW3
£293K02/230.35 mi465, Basingstoke Road, Reading RG2 0JG3
£360K03/230.35 mi15, Foxhays Road, Reading RG2 8ND3
£304K10/200.36 mi10, Holberton Road, Reading RG2 8NL3
£353K10/200.36 mi128, Whitley Wood Lane, Reading RG2 8PP3
£347K02/210.36 mi92, Whitley Wood Lane, Reading RG2 8PP3
£370K04/210.38 mi5, Whitstone Gardens, Reading RG2 8AL3
£392K12/220.38 mi2, Holberton Road, Reading RG2 8NL3
£350K10/210.39 mi5, Landrake Crescent, Reading RG2 8AJ3
£325K01/210.39 mi2, Regis Close, Reading, Wokingham RG2 8TA3
£385.5K10/210.41 mi8, Padstow Gardens, Reading RG2 8BB3
£296K10/200.41 mi151b, Whitley Wood Road, Reading RG2 8JH3
£332.3K03/210.41 mi231, Hartland Road, Reading RG2 8DN3
£290K03/210.42 mi25, Heroes Walk, Reading RG2 8TY3

Local Rents

26 rents from £1.4K/mo to £2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,80011/240.04 mi-3
£1,75011/240.11 mi-3
£1,60007/240.13 miDurham Close, Reading, Berkshire, RG23
£1,80004/250.23 mi-3
£1,70007/240.24 miExwick Square, Reading, Berkshire, RG23
£1,50007/240.25 miFoxhays Road, Reading3
£2,00003/250.25 mi-3
£1,50007/240.28 miWhitley Wood Road, Reading, Berkshire, RG23
£1,95008/240.37 mi-3
£1,80007/240.38 miTidman Road, Reading, RG23
£2,00008/240.38 miBasingstoke road, Reading, RG23
£1,65007/240.42 miHeroes Walk, Reading3
£1,90008/240.43 miImperial Way, Reading3
£1,75007/240.45 miWood Green, Reading3
£1,80008/240.46 miWoodside Way, Reading3
£1,80007/240.5 miFalmouth Road, Reading, Berkshire, RG23
£1,50007/240.53 miDawlish Road, Reading, Berkshire, RG23
£1,45007/240.54 miCresswell Close, Reading, Berkshire, RG23
£1,60007/240.55 miFalmouth Road, Reading, RG23
£1,85007/240.57 miHollydale Close, Reading, RG23
£1,65001/250.59 mi-3
£1,57503/250.59 mi-3
£1,85007/240.6 miCirrus Drive, Shinfield, Reading, RG2 9FL3
£2,00007/240.61 miGweal Avenue, Reading, RG23
£2,00007/240.61 miLongships way, Kennet Island, RG23
£1,80007/240.61 miZenith Avenue, Reading3

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

2.10 miles away

Nearest school

0.10 miles away

Nearest train station

1.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £325,000

March 19, 2025

Floor Plans

Description

  • In Need Of Updating +
  • Garage And Parking +
  • Large Rear Garden +
  • Close To Shops And Transport Links +
  • Ideal First Time Or Investment Purchase +
  • No Onward Chain +

NO ONWARD CHAIN

This fantastic property would be perfect for someone looking for a family home.

Inside you enter through a small porch area which leads to a nice and open hallway which provides access to a good size living room as well as the kitchen to the rear which again offers great scope to open into the dining space to make one large kitchen/dining room looking out onto the rear garden. You also have the benefit of a conservatory which has only just had the roof replaced.

Upstairs you can find two very good size double bedrooms as well as a smaller third bedroom. The bathroom has recently been renovated and updated to a great standard.

Outside the property you have a driveway for two cars as well as a garage. The rear garden also has fantastic scope and you could really make this into the perfect family home.

Amenities are only five minutes drive with a Morrisons supermarket and Reading Gate offering all the options you need for day to day life. The M4 J11 is only a two minute driveaway as well as the town centre only twenty minutes away.

Agent Details

Prospect Estate Agency, Reading

0118 230 3819

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪