3 Bed Terraced House, Single Let, Reading, RG1 5RT, £190,000

Granby Gardens, READING, RG1 5RT - 1 views - a month ago

Auction
BTL
ROI: 10%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£240K - £863K
Sold Prices/m²£2.9K/m² - £6.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£228,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£1,295 - £4,900

Rent Estimate

£1,400

Running Costs/mo

£894

Cashflow/mo

£506

Cashflow/yr

£6,075

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £240K to £863K, average is £310.5K. £2.9K/m² to £6.2K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£310K03/210.06 mi18, Eastern Avenue, Reading RG1 5RY3
£380K04/210.07 mi75, Carnarvon Road, Reading RG1 5SB3
£330K04/210.07 mi63, Carnarvon Road, Reading RG1 5SB3
£335K02/210.08 mi64, Carnarvon Road, Reading RG1 5SD3
£500K02/220.1 mi19a, Eastern Avenue, Reading RG1 5RU3
£455K05/230.15 mi62, Hamilton Road, Reading RG1 5RD3
£377K06/210.15 mi64a, Hamilton Road, Reading RG1 5RD3
£376K05/230.16 mi24, Norwood Road, Reading RG1 3LD3
£311K08/230.16 mi66, Donnington Road, Reading RG1 5ND3
£863K01/210.19 mi47, Hamilton Road, Reading RG1 5RA3
£330K07/230.2 mi35, Cholmeley Road, Reading RG1 3NQ3
£240K07/210.22 mi1b, Hatherley Road, Reading RG1 5QA3
£240K05/230.23 mi69, Cumberland Road, Reading RG1 3JT3
£300K03/230.24 mi96, Addington Road, Reading RG1 5PX3
£310K02/210.24 mi3, Radstock Road, Reading RG1 3PS3
£297.5K02/210.24 mi37, Radstock Road, Reading RG1 3PS3
£295K10/200.25 mi27, Radstock Road, Reading RG1 3PS3
£356K06/210.25 mi36, St Bartholomews Road, Reading RG1 3QA3
£400K06/210.25 mi29, St Bartholomews Road, Reading RG1 3QA3
£243K05/210.26 mi37, Filey Road, Reading RG1 3QG3
£515K08/220.27 mi63a, Hamilton Road, Reading RG1 5RA3
£315K07/230.27 mi56, Cholmeley Road, Reading RG1 3NB3
£300K05/230.29 mi13, Cardigan Road, Reading RG1 5QL3
£260K02/210.29 mi39, Norton Road, Reading RG1 3QH3
£280K02/210.29 mi34, Orts Road, Reading RG1 3JN3
£302.5K12/200.29 mi6, Manchester Road, Reading RG1 3QW3
£345K10/210.3 mi2, Manchester Road, Reading RG1 3QW3
£269.9K07/210.3 mi24, Freshwater Road, Reading RG1 3NA3
£345K02/210.3 mi11, Freshwater Road, Reading RG1 3NA3
£270K06/210.3 mi20, Freshwater Road, Reading RG1 3NA3
£250K03/210.3 mi34, Coventry Road, Reading RG1 3NE3
£285K04/210.3 mi24, Coventry Road, Reading RG1 3NE3
£322.7K04/230.3 mi36, Coventry Road, Reading RG1 3NE3
£264K04/210.3 mi45, Coventry Road, Reading RG1 3ND3
£520K06/230.31 mi26, College Road, Reading RG6 1QB3
£300K06/230.33 mi31, School Terrace, Reading RG1 3LS3
£362K02/210.33 mi18, School Terrace, Reading RG1 3LS3
£388K10/220.34 mi3, School Terrace, Reading RG1 3LS3
£243K01/210.35 mi83, Liverpool Road, Reading RG1 3PN3
£282.5K01/210.35 mi192, Liverpool Road, Reading RG1 3PH3
£350K06/210.35 mi102, Cardigan Road, Reading RG1 5QW3
£267.3K11/200.37 mi158, Cholmeley Road, Reading RG1 3LX3
£260K03/230.37 mi214, Liverpool Road, Reading RG1 3PJ3
£278K03/210.37 mi228, Liverpool Road, Reading RG1 3PJ3
£260K03/210.37 mi264, Liverpool Road, Reading RG1 3PJ3
£322.5K12/200.38 mi25, Cardigan Gardens, Reading RG1 5QP3
£290K03/210.38 mi15, Cardigan Gardens, Reading RG1 5QP3
£325K02/210.38 mi35, Cardigan Gardens, Reading RG1 5QP3
£460K01/220.39 mi168, Cholmeley Road, Reading RG1 3LX3
£420K11/200.39 mi4, Waybrook Crescent, Reading RG1 5RG3

Local Rents

50 rents from £1.3K/mo to £4.9K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,45007/240 miGranby Gardens, Reading, Berkshire, RG13
£1,60004/250.01 mi-3
£1,60004/250.04 mi-3
£1,55007/240.1 miBlenheim Gardens, Reading, Berkshire, RG13
£1,55008/240.11 miCarnarvon Road, Reading3
£1,60007/240.11 miBlenheim Road, Reading3
£1,75007/240.13 miCarnarvon Road, Reading, Berkshire, RG13
£1,50007/240.15 miDonnington Road, Reading, RG13
£1,90004/250.19 mi-3
£2,39502/250.19 mi-3
£1,85008/240.2 miHamilton Road, Reading, Berkshire, RG13
£1,60002/240.2 mi-3
£1,40008/240.22 miCumberland Road, Reading, Berkshire, RG13
£1,80008/240.23 mi-3
£1,40002/250.24 mi-3
£1,90011/240.24 mi-3
£1,51507/240.24 miAmity Road, Reading3
£2,00007/240.25 miDonnington Gardens, Reading, Berkshire, RG13
£2,00007/240.25 mi-3
£1,70007/240.27 miCardigan Road, Reading, Berkshire3
£1,75003/250.29 mi-3
£1,49507/240.3 miManchester Road, Reading3
£1,42507/240.31 miAmity Street, Reading, Berkshire, RG1 3LP3
£1,80009/240.31 mi-3
£1,70007/240.31 miDonnington Gardens, Reading3
£1,60007/240.32 miHatherley Road, Reading3
£1,35007/240.33 miLiverpool Road, Reading, RG13
£1,85004/250.34 mi-3
£1,55007/240.35 miOaklands, Bulmershe Road, Reading, RG13
£1,45007/240.35 miLiverpool Road, Reading, Berkshire, RG13
£1,29507/240.35 miFoxhill Road, Reading3
£2,10008/240.37 miCholmeley Road, Reading3
£1,50007/240.38 miCardigan Gardens, Reading, RG1 5QP3
£2,50010/240.4 mi-3
£2,30010/240.4 mi-3
£2,00011/240.4 mi-3
£1,80011/240.4 mi-3
£2,00001/250.4 mi-3
£1,70008/240.41 mi-3
£1,75007/240.43 mi-3
£1,80004/250.44 mi-3
£3,79503/250.45 mi-3
£3,79504/250.45 mi-3
£1,85004/250.45 mi-3
£1,80007/240.47 mi-3
£3,40002/240.48 mi-3
£3,30003/250.48 mi-3
£4,90008/240.49 mi-3
£4,90001/250.49 mi-3
£2,25008/240.5 miSt. Johns Hill, Reading, Berkshire3

Local Area Statistics

Population in RG1

43,085

Population in Reading

321,187

Town centre distance

1.08 miles away

Nearest school

0.30 miles away

Nearest train station

1.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £190,000

March 26, 2025

Description

  • AUCTION SALE +
  • 15 April 2025 +
  • By order of Mountview Estates PLC. +
  • EPC Rating - G +
  • To view: 1/4, 3/4, 8/4, 10/4 at 10:15am +

SUMMARY
AUCTION SALE 15 April 2025 - Freehold two floor terraced house requiring updating
Full vacant possession
TO SELL YOUR PROPERTY IN OUR NEXT AUCTION CALL US NOW

DESCRIPTION
Freehold two floor terraced house requiring updating
Full vacant possession

Location:
The property is situated on Granby Gardens which is accessed from the South side of London Road. Public transport links are provided by Reading Train Station with road communications to include the A4, A329 and M4 Motorway. Local shops are available on Wokingham and London Road with a more comprehensive range of shops, cafes and restaurants available in Reading Town Centre.

Accommodation:
First floor: Three bedrooms
Ground floor: Two reception rooms, kitchen, bathroom, WC
Outside: Rear garden

EPC Rating: To be confirmed

Council Tax Band: C

To view: 1/4, 3/4, 8/4, 10/4 at 10:15am
No booking required - Please arrive at the time stated

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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