3 Bed Semi-Detached House, Refurb/BRRR, Reading, RG2 8BW, £400,000

3121 Hartland Road, Reading, RG2 8BW - 1 views - 18 days ago

Refurb/BRRR
ROI: 1%
~93 m²
+3 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£379,804

 

 

End Value (After Refurb)

£386,327

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£43,458

Bridging Loan Interest

£10,500

Total Cash In

£184,408

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£386,327

Mortgage (After Refinance)

£289,745

Mortgage LTV

75%

Cash Left In

£184,408

Equity

£96,582

Rent Range

£1,400 - £2,800

Rent Estimate

£1,812

Running Costs/mo

£1,590

Cashflow/mo

£222

Cashflow/yr

£2,668

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £255K to £450K, average is £346.5K. £2.7K/m² to £6.2K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£287.5K08/210.03 mi61, Hartland Road, Reading RG2 8AD3
£340K12/220.09 mi103, Ambrook Road, Reading RG2 8SW3
£270K05/230.09 mi110, Ambrook Road, Reading RG2 8SW3
£405K07/230.09 mi86, Ambrook Road, Reading RG2 8SW3
£295K02/210.12 mi25, Ambrook Road, Reading RG2 8SL3
£314K12/210.13 mi25, Hartland Road, Reading RG2 8AB3
£356K09/210.14 mi31, Brayford Road, Reading RG2 8LT3
£356K09/210.14 mi31, Brayford Road, Reading RG2 8LT3
£355K08/230.14 mi5, Corinne Close, Reading RG2 8AA3
£290K03/210.15 mi47, Blandford Road, Reading RG2 8RG3
£293K02/230.22 mi465, Basingstoke Road, Reading RG2 0JG3
£421.5K01/230.22 mi22, Exbourne Road, Reading RG2 8RH3
£320K06/210.22 mi2, Greenfields Road, Reading RG2 8SE3
£385K11/220.23 mi44, Greenfields Road, Reading RG2 8SF3
£370K04/210.24 mi5, Whitstone Gardens, Reading RG2 8AL3
£385.5K10/210.25 mi8, Padstow Gardens, Reading RG2 8BB3
£355K06/230.27 mi51, Greenfields Road, Reading RG2 8SG3
£315K08/210.27 mi93, Greenfields Road, Reading RG2 8SG3
£450K03/230.27 mi35, Greenfields Road, Reading RG2 8SG3
£350K10/210.27 mi5, Landrake Crescent, Reading RG2 8AJ3
£335K11/200.28 mi26, Farrowdene Road, Reading RG2 8SD3
£290K01/210.28 mi10, Newlyn Gardens, Reading RG2 8BD3
£353K12/200.29 mi18, Farrowdene Road, Reading RG2 8SD3
£400K03/210.29 mi14, Farrowdene Road, Reading RG2 8SD3
£265K03/210.29 mi28, Farrowdene Road, Reading RG2 8SD3
£370K07/210.29 mi1, Farrowdene Road, Reading RG2 8SD3
£295K02/210.3 mi96, Blandford Road, Reading RG2 8RW3
£325K06/210.3 mi5, Exwick Square, Reading RG2 8NB3
£385K05/230.3 mi8, Exwick Square, Reading RG2 8NB3
£370K03/210.31 mi152, Hartland Road, Reading RG2 8DP3
£330K02/230.32 mi13, Callington Road, Reading RG2 7QQ3
£330K09/210.32 mi87, Foxhays Road, Reading RG2 8NA3
£255K03/210.34 mi11, Byworth Close, Reading RG2 8SH3
£350K08/210.36 mi535, Northumberland Avenue, Reading RG2 8NU3
£360K05/230.36 mi523, Northumberland Avenue, Reading RG2 8NU3
£270K01/210.36 mi529, Northumberland Avenue, Reading RG2 8NU3
£370K03/230.36 mi25, Heatherden Close, Reading RG2 8SB3
£327K10/200.36 mi4, Heatherdene Close, Reading RG2 8SB3
£360K03/230.42 mi15, Foxhays Road, Reading RG2 8ND3
£410K12/220.43 mi277, Northumberland Avenue, Reading RG2 7QD3
£357K04/210.44 mi33, Blagdon Road, Reading RG2 7NT3
£312.5K08/210.44 mi11, Alandale Close, Reading RG2 8JP3
£343K05/230.45 mi26, Salford Close, Reading RG2 8SA3
£360K01/230.45 mi6, Salford Close, Reading RG2 8SA3
£332.3K03/210.45 mi231, Hartland Road, Reading RG2 8DN3
£304K10/200.45 mi10, Holberton Road, Reading RG2 8NL3
£300K03/230.46 mi422, Basingstoke Road, Reading RG2 0JQ3
£367.5K02/210.46 mi129, Whitley Wood Lane, Reading RG2 8PW3
£392K12/220.47 mi2, Holberton Road, Reading RG2 8NL3
£325K03/210.48 mi207, Whitley Wood Road, Reading RG2 8LD3

Local Rents

38 rents from £1.4K/mo to £2.8K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,00003/250.1 mi-3
£1,80011/240.19 mi-3
£1,95008/240.22 mi-3
£1,75011/240.22 mi-3
£1,60007/240.24 miDurham Close, Reading, Berkshire, RG23
£1,70007/240.3 miExwick Square, Reading, Berkshire, RG23
£1,80004/250.35 mi-3
£1,50007/240.38 miFoxhays Road, Reading3
£1,80007/240.4 miTidman Road, Reading, RG23
£1,50007/240.41 miDawlish Road, Reading, Berkshire, RG23
£1,50007/240.44 miWhitley Wood Road, Reading, Berkshire, RG23
£2,00008/240.44 miBasingstoke road, Reading, RG23
£1,90008/240.45 miImperial Way, Reading3
£1,65001/250.45 mi-3
£1,57503/250.45 mi-3
£2,00007/240.46 miGweal Avenue, Reading, RG23
£2,00007/240.46 miLongships way, Kennet Island, RG23
£1,75007/240.47 miBasingstoke Rd, Reading3
£1,69507/240.5 miFair Isle Way, Kennet Island3
£1,65007/240.5 miHeroes Walk, Reading3
£1,70007/240.52 miKennet Island, Reading3
£2,45010/230.52 miLongships Way, Reading, Berkshire, RG23
£1,65007/240.54 miNorthumberland Avenue, Reading3
£1,40007/240.55 miDawlish Road, Whitley3
£2,00007/240.56 miGweal Avenue, Reading, Berkshire, RG23
£1,40007/240.56 miGweal Avenue, Kennet Island3
£2,00008/240.57 miGweal Avenue, Reading, Berkshire, RG23
£1,75007/240.57 miWood Green, Reading3
£2,00008/240.57 miGweal Avenue, Reading, Berkshire, RG23
£1,89508/240.57 miSt. Agnes Way, Kennet Island3
£1,70007/240.58 miSt. Agnes Way, Reading, Berkshire, RG23
£1,85010/240.59 mi-3
£1,95007/240.59 miWoolhampton Way, Reading, RG23
£1,80008/240.61 miWoodside Way, Reading3
£1,70012/240.62 mi-3
£1,85012/240.62 mi-3
£2,80002/250.62 mi-3
£1,85007/240.62 miHollydale Close, Reading, RG23

Local Area Statistics

Population in RG2

36,866

Population in Reading

321,187

Town centre distance

1.96 miles away

Nearest school

0.20 miles away

Nearest train station

1.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

-3%

Property History

Listed for £400,000

March 25, 2025

Floor Plans

Description

  • Extended Home +
  • Downstairs Cloakroom +
  • Driveway Parking +
  • Sunny Aspect Garden +
  • No Onward Chain +
  • Close To Shops +
  • Easy Access To Transport Links +
  • Three Bedrooms +

NO ONWARD CHAIN COMPLICATIONS

Set in the heart of South Reading, this extended semi-detached home in need of a little modernisation but could be a perfect family home.

Within easy reach of shops, transport links and both Reading and Wokingham town centres, the accommodation briefly comprises an entrance hall, downstairs cloakroom, living room, a full width, rear aspect kitchen and a family room which could also be used as a ground floor bedroom.

To the first floor, there are two double bedrooms and a jack and jill bathroom.

Externally, there is driveway parking and side access, whilst to the rear, the garden is of a sunny aspect and could be great entertaining space in the summer months.

Ideal for first times who are looking to put their own stamp on to a property, further benefits include double glazing and gas central heating.

Agent Details

Prospect Estate Agency, Reading

0118 230 3819

Next Steps?

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