Romans says ..
***Rental Yield above 8%*** Romans are delighted to offer onto the market this spacious five bedroom home, which is being sold with no onward chain, with the opportunity to convert back into a three bedrooms home with two reception rooms. Entering the property, buyers are gr...
Property Oracle says ..
This five-bedroom, five-bathroom property located on Ormsby Street in Reading, Berkshire, presents a mixed bag of features. Its key strengths lie in its convenient location, close to Reading West train station and several well-regarded schools. This makes it potentially attractive to families and commuters. However, the property’s condition appears to be average, with the provided images suggesting a need for some updating and minor repairs, particularly in the kitchen and bathrooms. The limited garden space is another factor to consider. The list price of £450,000 requires further scrutiny, given the property’s apparent condition and lack of substantial land. A comparative market analysis considering similar properties in the area, along with a thorough in-person inspection, would be necessary to determine the true value and suitability of this property for potential buyers.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 5
- Location
- 7
- Land
- 3
- Bedrooms
- 5
- Bathrooms
- 5
- Sqft (est)
- 1,034.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 317,000.00 £Increased by 3.08 %
- Est sale value
- 502,524.00 £Increased by 24.94 %
- Average area rental value
- 1,341.00 £/moIncreased by 9.47 %
- Est letting value
- 2,068.00 £/moIncreased by 100.00 %
- Est rental Yield
- 5.08 %Increased by 6.28 %
- Crime Rate
- 14.00 %Unchanged by 0.00 %
Agent Activity
Romans created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Oxford Road Community School | Community School | Good | 0.31 KM |
| All Saints Junior School | Free Schools | Outstanding | 0.41 KM |
| All Saints Church Of England Aided Infant School | Voluntary Aided School | Good | 0.41 KM |
| St Edward'S Prep | Other Independent School | 0.57 KM | |
| Battle Primary Academy | Academy Sponsor Led | Good | 0.96 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Stanley Grove | £ 0 | 0 | 0.00 KM |
| Josephine Court | £ 0 | 0 | 0.00 KM |
| Connaught Road | £ 0 | 0 | 0.00 KM |
| Bath Road Overbridge | £ 1,150,000 | 0 | 0.00 KM |
| Monck Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Reading West | 3160 | RDW | 0.07 KM |
| Reading | 3149 | RDG | 2.01 KM |
| Tilehurst | 3154 | TLH | 4.80 KM |
| Earley | 5694 | EAR | 8.07 KM |
| Theale | 3153 | THE | 9.74 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Ormsby Street, Reading, Berkshire | £ 450,000 | BUY | 5 / 10 | 0.00 KM |
| Argyle Street, Reading, RG1 | £ 200,000 | BUY | 7 / 10 | 0.09 KM |
| Reading, Berkshire, RG1 | £ 175,000 | BUY | 6 / 10 | 0.09 KM |
| Brunswick Hill, Reading, Berkshire, RG1 | £ 200,000 | BUY | Unknown | 0.09 KM |
| Brunswick Hill, Reading, RG1 | £ 850,000 | BUY | 6 / 10 | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 13 Ormsby Street | £ 176,000 | 0.00 KM |
| 20 Ormsby Street | £ 191,000 | 0.00 KM |
| 26 Ormsby Street | £ 195,000 | 0.00 KM |
| 5 Ormsby Street | £ 220,000 | 0.00 KM |
| 1 Ormsby Street | £ 196,000 | 0.00 KM |