Potential 4-Bed HMO, Reading, RG1 5QP, £400,000

Cardigan Gardens, Reading, RG1 5QP - 3 views - 21 days ago

HMO
Refurb/BRRR
ROI: 2%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£240K - £863K
Sold Prices/m²£2.7K/m² - £6.2K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£350,435

 

 

End Value (After Refurb)

£412,086

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£43,179

Bridging Loan Interest

£10,500

Total Cash In

£184,129

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£412,086

Mortgage (After Refinance)

£309,065

Mortgage LTV

75%

Cash Released

£9,065

Cash Left In

£175,064

Equity

£103,022

Room Rate

£672

Gross Rent

£2,688

Running Costs/mo

£2,368

Cashflow/mo

£320

Cashflow/yr

£3,841

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £240K to £863K, average is £331K. £2.7K/m² to £6.2K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£322.5K12/200.02 mi25, Cardigan Gardens, Reading RG1 5QP3
£290K03/210.02 mi15, Cardigan Gardens, Reading RG1 5QP3
£325K02/210.02 mi35, Cardigan Gardens, Reading RG1 5QP3
£350K06/210.03 mi102, Cardigan Road, Reading RG1 5QW3
£300K05/230.1 mi13, Cardigan Road, Reading RG1 5QL3
£420K11/200.1 mi4, Waybrook Crescent, Reading RG1 5RG3
£300K03/230.16 mi96, Addington Road, Reading RG1 5PX3
£515K08/220.2 mi63a, Hamilton Road, Reading RG1 5RA3
£240K07/210.25 mi1b, Hatherley Road, Reading RG1 5QA3
£863K01/210.26 mi47, Hamilton Road, Reading RG1 5RA3
£455K05/230.27 mi62, Hamilton Road, Reading RG1 5RD3
£377K06/210.27 mi64a, Hamilton Road, Reading RG1 5RD3
£647.5K12/220.3 mi9, Avebury Square, Reading RG1 5JH3
£585.5K12/220.3 mi2, Avebury Square, Reading RG1 5JH3
£500K02/220.3 mi19a, Eastern Avenue, Reading RG1 5RU3
£520K06/230.3 mi26, College Road, Reading RG6 1QB3
£335K02/210.3 mi64, Carnarvon Road, Reading RG1 5SD3
£372.5K03/230.31 mi46, Crescent Road, Reading RG1 5SP3
£380K04/210.31 mi75, Carnarvon Road, Reading RG1 5SB3
£330K04/210.31 mi63, Carnarvon Road, Reading RG1 5SB3
£310K03/210.32 mi18, Eastern Avenue, Reading RG1 5RY3
£311K08/230.39 mi66, Donnington Road, Reading RG1 5ND3
£365K08/230.45 mi8, Grange Avenue, Reading RG6 1DJ3
£261K03/210.45 mi8, Grange Avenue, Reading RG6 1DJ3
£356K06/210.46 mi36, St Bartholomews Road, Reading RG1 3QA3
£400K06/210.46 mi29, St Bartholomews Road, Reading RG1 3QA3
£585K03/210.48 mi38, The Mount, Reading RG1 5HL3
£440K05/230.49 mi18, St Peters Road, Reading RG6 1NT3
£280K04/210.52 mi13, Brighton Road, Reading RG6 1PS3
£380K06/230.52 mi96, Brighton Road, Reading RG6 1PS3
£282.5K04/210.52 mi18, Brighton Road, Reading RG6 1PS3
£240K04/230.52 mi55, Brighton Road, Reading RG6 1PS3
£332K11/220.52 mi49, Brighton Road, Reading RG6 1PS3
£300K01/210.53 mi15, Amherst Road, Reading RG6 1NU3
£305K03/210.53 mi82, Grange Avenue, Reading RG6 1DL3
£376K05/230.54 mi24, Norwood Road, Reading RG1 3LD3
£655K06/210.54 mi19, The Mount, Reading RG1 5HL3
£540K11/200.54 mi6, The Mount, Reading RG1 5HL3
£310K08/230.54 mi98, Pitcroft Avenue, Reading RG6 1NN3
£284K09/210.54 mi90, Pitcroft Avenue, Reading RG6 1NN3
£405K06/210.55 mi19, Cintra Close, Reading RG2 7AL3
£290K10/210.55 mi9, Auckland Road, Reading RG6 1NY3
£416K12/220.56 mi86, Brighton Road, Reading RG6 1PS3
£330K07/230.57 mi35, Cholmeley Road, Reading RG1 3NQ3
£265K03/210.57 mi6, Clarendon Road, Reading RG6 1PB3
£260K11/200.57 mi24, Clarendon Road, Reading RG6 1PB3
£310K02/210.57 mi3, Radstock Road, Reading RG1 3PS3
£297.5K02/210.57 mi37, Radstock Road, Reading RG1 3PS3
£295K10/200.57 mi27, Radstock Road, Reading RG1 3PS3
£304K06/210.58 mi24, Wykeham Road, Reading RG6 1PP3

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

1.24 miles away

Nearest school

0.10 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £400,000

March 20, 2025

Floor Plans

Description

  • Fully Renovated & Move-In Ready – New kitchen, modern bathrooms, and stylish interiors +
  • Energy Efficient (EPC C) – New Thermal Wall Insulation, Lower running costs +
  • Prime Location – Close to the hospital, university, business parks, and transport links +
  • Vibrant Community – Popular with students, young professionals, and city commuters +
  • Garden Access from Kitchen – Private, low-maintenance outdoor space +
  • Traditional Terraced Street with On-Street Parking – Convenience in a central location +
  • Stunning Victorian Home – Period fireplaces, and bay windows. +
  • Easy access to some of Reading’s biggest employers, including Microsoft, Oracle, and Huawei at Thames Valley Business Park & Green Park. +

Charming Period Home in Prime Reading Location – Beautifully Renovated & Move-In Ready. A Home Full of Character with Modern Comforts – No Chain! Imagine waking up in a home where classic Victorian charm meets modern-day convenience. Nestled on a traditional terraced street in the heart of Reading, Cardigan Gardens offers more than just a place to live—it’s a home with character, style, and a prime location for those looking to be close to key business hubs, universities, and major transport links having been expertly renovated to a high standard ready for sale, it is ready to move in with no onward chain complications, summer in the low maintenance sunny garden could be a reality in this home. Stepping through the front door, you’re greeted by the period elegance, blended seamlessly with a contemporary renovation. The bright and spacious living room is framed by a stunning bay window, allowing natural light to flood the space, while the exposed brick fireplace serves as a striking centrepiece—perfect for cozy evenings or entertaining friends. Moving through to the dining room, you’ll find another feature fireplace, alcove shelving, and a welcoming atmosphere that makes it the ideal space for hosting dinner parties or relaxed meals. The brand-new kitchen has been thoughtfully designed, offering a sleek, stylish look with modern appliances, plenty of storage, and direct access to the private garden—perfect for those who enjoy having an outdoor space just steps away. Upstairs, three generously sized bedrooms offer a peaceful retreat, each freshly decorated with plush carpets, bright white walls, and large UPVC double-glazed sash style windows that complement the home’s period features. The property benefits from two modern bathrooms, including a contemporary shower room on the first floor for added convenience and a main bathroom on the ground floor that is fitted with a more traditional style suite to fit with the period style that is abundant throughout. Ideal Location for Students & Young Professionals This property is perfectly positioned for those who want easy access to Reading’s key employment and education centres. Royal Berkshire Hospital – Just a short distance away, ideal for healthcare professionals.
University of Reading – A quick commute, making it great for students or lecturers with a direct pathway from Cardigan Gardens onto the University campus.
Thames Valley Business Park & Green Park – Easy access to some of Reading’s biggest employers, including Microsoft, Oracle, and Huawei.
Excellent Transport Links – Close to the A4 and A329(M) for fast access to London, Bracknell, and the M4 corridor. Reading Station is within easy reach, with direct trains to London Paddington in under 30 minutes.
Vibrant Social Scene – A lively area with restaurants, cafés, and shops, popular with students and young professionals.
On-Street Parking – Traditional terraced road with resident parking options. Investment & Future Potential With no onward chain and vacant possession, this home is ready for its new owners. Whether you’re looking for a stylish private home or a smart investment opportunity, this property is highly versatile. Investors may also explore the potential for HMO conversion (subject to local authority approval), with an EPC rating of C, meaning no further upgrades would be required to meet planned 2028 rental standards, the work undertaken by the current owner to gain this rating includes thermal wall insulation fitted to all external walls in this home helping to retain heat and lowering bills.

EPC Rating: C

Agent Details

Black & White Property Services, Reading

0118 230 7224

Next Steps?

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

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