Potential 4-Bed HMO, Reading, RG4 7SY, £515,000

Hemdean Road, Caversham, Reading, RG4 7SY - 23 days ago

HMO
ROI: 1%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£310K - £875K
Sold Prices/m²£3.7K/m² - £7.9K/m²

 

 

Square Metres

~93 m²
Price/m²£5.5K/m²

Value Estimate

£465,360

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£128,750

Stamp Duty & Legal Fees

£42,700

Total Cash In

£171,450

 

 

Cash Out

 

Room Rate

£711

Gross Rent

£2,844

Running Costs/mo

£2,756

Cashflow/mo

£88

Cashflow/yr

£1,056

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £310K to £875K, average is £499.5K. £3.7K/m² to £7.9K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£520K06/230.03 mi37, Hemdean Road, Caversham, Reading RG4 7SY3
£575K06/230.03 mi41, Hemdean Road, Caversham, Reading RG4 7SY3
£555K03/230.05 mi26, Hemdean Road, Caversham, Reading RG4 7SU3
£345K03/210.06 mi33, Oxford Street, Caversham, Reading RG4 8HN3
£620K01/230.09 mi8, Hemdean Hill, Caversham, Reading RG4 7SB3
£670K03/210.1 mi7, Priory Avenue, Caversham, Reading RG4 7SE3
£499.9K06/210.1 mi32, Priory Avenue, Caversham, Reading RG4 7SE3
£600K12/200.1 mi16, Priory Avenue, Caversham, Reading RG4 7SE3
£562.5K05/210.1 mi8, Priory Avenue, Caversham, Reading RG4 7SE3
£485K01/230.1 mi2, Hemdean Hill, Caversham, Reading RG4 7SB3
£340K03/210.13 mi24, North Street, Caversham, Reading RG4 8JA3
£322.5K03/210.14 mi59, Prospect Street, Caversham, Reading RG4 8JN3
£500K05/210.14 mi121, Hemdean Road, Caversham, Reading RG4 7SS3
£635K06/210.14 mi18, St Annes Road, Caversham, Reading RG4 7PA3
£515K02/230.18 mi7, Wolsey Road, Caversham, Reading RG4 8BY3
£460K04/210.19 mi15, Wolsey Road, Caversham, Reading RG4 8BY3
£453K11/200.19 mi3, Wolsey Road, Caversham, Reading RG4 8BY3
£310K12/200.2 mi12, Westfield Road, Caversham, Reading RG4 8HH3
£475K11/200.2 mi7, Berrylands Road, Caversham, Reading RG4 8NU3
£510K02/210.21 mi10, The Ridgeway, Caversham, Reading RG4 8NX3
£545K04/210.21 mi8, The Ridgeway, Caversham, Reading RG4 8NX3
£545K04/230.21 mi31, The Ridgeway, Caversham, Reading RG4 8NX3
£555K05/230.21 mi29, The Ridgeway, Caversham, Reading RG4 8NX3
£410K12/200.21 mi80, Cromwell Road, Caversham, Reading RG4 5EB3
£362.5K11/200.21 mi56, Cromwell Road, Caversham, Reading RG4 5EB3
£450K12/220.23 mi35, Cromwell Road, Caversham, Reading RG4 5EA3
£475K01/210.26 mi12, Elliots Way, Caversham, Reading RG4 8BF3
£500K04/210.28 mi5, Newlands Avenue, Caversham, Reading RG4 8NS3
£525K01/230.29 mi5, Newlands Avenue, Caversham, Reading RG4 8NS3
£670K02/230.29 mi151, Hemdean Road, Caversham, Reading RG4 7QU3
£565K08/210.31 mi32, Elliots Way, Caversham, Reading RG4 8BF3
£499K03/210.31 mi4, Elliots Way, Caversham, Reading RG4 8BF3
£475K01/210.31 mi12, Elliots Way, Caversham, Reading RG4 8BF3
£430K06/210.32 mi19, Patrick Road, Caversham, Reading RG4 8DD3
£435K12/200.32 mi1, Elliots Way, Caversham, Reading RG4 8BW3
£657.5K12/220.35 mi10, Dovedale Close, Caversham, Reading RG4 7AL3
£451K10/210.38 mi4, Thames Avenue, Reading RG1 8DT3
£330K06/210.39 mi13, Randolph Road, Reading RG1 8EB3
£600K03/210.39 mi36, Balmore Drive, Caversham, Reading RG4 8NL3
£489.9K07/230.4 mi9, Washington Road, Caversham, Reading RG4 5AA3
£377K02/210.4 mi5, Washington Road, Caversham, Reading RG4 5AA3
£415K11/210.4 mi11, Brigham Road, Reading RG1 8DP3
£385K06/210.4 mi27, Newport Road, Reading RG1 8EA3
£322.5K01/210.4 mi28, Newport Road, Reading RG1 8EA3
£318K12/200.4 mi37, Newport Road, Reading RG1 8EA3
£360K12/200.4 mi36, Newport Road, Reading RG1 8EA3
£875K02/230.41 mi25, St Peters Avenue, Caversham, Reading RG4 7DD3
£570K02/210.42 mi75, Blenheim Road, Caversham, Reading RG4 7RP3
£590K06/210.43 mi225, Hemdean Road, Caversham, Reading RG4 7QX3
£632.5K09/210.44 mi268, Hemdean Road, Caversham, Reading RG4 7QT3

Local Area Statistics

Population in RG4

39,160

Population in Reading

321,187

Town centre distance

1.13 miles away

Nearest school

0.20 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £515,000

April 1, 2025

Floor Plans

Description

  • Extended to the rear +
  • Loft conversion +
  • Two reception rooms +
  • Three separate bedrooms +
  • Three ensuites & family bathroom +
  • Caversham centre & approx. 20 minute walk to station +
  • No onward chain +

An extended Victorian terrace with super loft conversion offering three separate bedrooms and two ensuites. Includes fitted kitchen, dining/family room, two reception rooms, downstairs cloakroom and separate first floor family bathroom. A two minute walk to Caversham centre and only 20 minutes walk to Reading station via the Thameside path. No onward chain
SITUATION
This property is a short walk from local amenities including the public library, doctors' surgery, dental practice, Thameside Primary School and an excellent range of small restaurants, pubs, local shops and Waitrose supermarket. There are frequent bus services to Reading and beyond. Nearby, Christchurch Meadows and the Thames Towpath provide extensive opportunities for walking, cycling and sporting activities. There is easy access to Reading mainline station with journey times to London Paddington approx. 25 minutes and has been further complemented with the arrival of Crossrail that offers direct routes to the central areas of the City of London
NOTE
This property has been rented as an HMO over recent years and is fully licensed until 2025 - utilising 5 rentable rooms it has been generating approx. £41,400 per annum.
ENTRANCE HALL
Stairs to first floor
LIVING ROOM / BEDROOM
Front aspect, original cast iron fireplace, radiator
RECEPTION/STUDY/BEDROOM
Rear aspect, radiator, door to:
ENSUITE SHOWER ROOM
Three piece suite comprising: shower cubicle, w.c, wash hand basin, chrome towel radiator
KITCHEN
Fitted with worktops, range of cupboards and drawers, fitted oven, hob and extractor hood, plumbing for washing machine, chrome towel radiator, side aspect, through to:

FAMILY/DINING ROOM
Two overhead skylight windows, two radiators, space for sofas, dining table
STAIRCASE TO FIRST FLOOR
With further staircase to top floor bedroom
BEDROOM
Twin front aspect, radiator, door to:
ENSUITE SHOWER ROOM
Three piece suite comprising: shower cubicle, w.c, wash hand basin
BEDROOM
Rear aspect, radiator
FAMILY BATHROOM
Rear aspect, three piece suite comprising: shower cubicle, w.c, wash hand basin, radiator, tiled floor
STAIRCASE TO SECOND FLOOR BEDROOM

BEDROOM
Rear aspect, door to:
ENSUITE SHOWER ROOM
Comprising: Shower cubicle, w.c, wash hand basin, chrome towel radiator, velux style window
REAR GARDEN
At the rear is an enclosed rear garden with brick wall boundaries with paved area and lawned garden

TENURE
Freehold
SCHOOL CATCHMENT
Thameside Primary School
Highdown School and Sixth Form Centre
COUNCIL TAX
Band C
FREE MORTGAGE ADVICE
We are pleased to be able to offer the services of an Independent Mortgage Adviser who can access a variety of mortgage rates from leading Banks and Building Societies. For a free, no obligation discussion or quote, please contact Stuart Milton, our mortgage adviser, on
LOCATION
This image is for indicative purposes and cannot be relied upon as wholly correct

Agent Details

Farmer & Dyer, Caversham

0118 230 0637

Next Steps?

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