Reading, Berkshire, RG2
CH

Reading, Berkshire, RG2

By Chancellors

£ 500,000

Reviews

2 out of 5 stars

Chancellors says ..

Set in this popular location within the Town Centre, The Oracle, Reading Station, Hospital and University area is this six bedroom HMO currently let and producing circa £42,000 PA

Property Oracle says ..

This six-bedroom property located on Whitley Rise in Reading, Berkshire, presents a mixed bag of opportunities and challenges for potential buyers. The property’s main selling point is its location near the town centre, providing easy access to shops, transportation (with Reading train station within a reasonable distance), and several schools. The proximity to the town centre is a definite asset. However, it’s essential to note that this positive is tempered by the property’s current condition. The photographs reveal that the property needs renovation and modernization throughout. The exterior needs attention and the garden is clearly in disarray. Inside, the rooms appear functional, though showing a clutter and in need of a refresh. The current state of the property suggests a significant amount of work and refurbishment will be required to bring it to a higher standard of livability. The lack of detailed information regarding plot size and the absence of bathroom details makes a comprehensive valuation more complex. Comparing the list price to other nearby properties requires further analysis as much of the data is incomplete. Potential buyers need to carefully weigh the investment needed in renovations against the property’s inherent value which is enhanced by its location.

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
4
Location
7
Land
3
Bedrooms
6
Bathrooms
0
Sqft (est)
1,806.00

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
327,000.00 £
Increased by 3.23 %
from 316,782.00 £
Est sale value
955,374.00 £
Increased by 39.21 %
from 686,280.00 £
Average area rental value
1,287.00 £/mo
Decreased by 3.31 %
from 1,331.00 £/mo
Est letting value
3,612.00 £/mo
Increased by 100.00 %
from 1,806.00 £/mo
Est rental Yield
4.72 %
Decreased by 6.35 %
from 5.04 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Chancellors created the listing.

Nearby Schools

NameTypeOfstedDistance
The Palmer Primary AcademyAcademy Sponsor LedGood0.13 KM
The Avenue Special SchoolAcademy Special ConverterOutstanding0.15 KM
Trinity Christian SchoolOther Independent School0.35 KM
New Christ Church Church Of England Primary SchoolAcademy Converter0.52 KM
Reading Girls' SchoolAcademy Sponsor Led0.66 KM

Images

External Front Bedroom Bedroom Home Office Bathroom External Grounds External Grounds Kitchen Bedroom Bedroom Bedroom Bedroom

Nearby Streets

NameAverage PriceAverage SqftDistance
Sherfield Drive £ 000.00 KM
Mount Street £ 000.00 KM
Highgrove Terrace £ 000.00 KM
Lower Mount £ 475,00000.00 KM
Lynden Mews £ 165,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Reading3149RDG2.12 KM
Reading West3160RDW3.21 KM
Earley5694EAR5.20 KM
Tilehurst3154TLH7.93 KM
Winnersh Triangle5698WTI8.16 KM

Nearby Listings

AddressPriceTypeScoreDistance
Reading, Berkshire, RG2 £ 500,000BUY5 / 100.00 KM
Whitley Rise, Reading, RG2 £ 250,000BUYUnknown0.05 KM
Basingstoke Road, Reading, Berkshire £ 240,000BUY6 / 100.05 KM
84 Basingstoke Road, Reading, Berkshire, RG2 0EL £ 330,000BUYUnknown0.14 KM
Surrey Road, Reading, Berkshire, RG2 £ 360,000BUY8 / 100.16 KM

Nearby Properties

AddressPriceDistance
10 Whitley Rise £ 415,0000.05 KM
2 Whitley Rise £ 250,0000.06 KM
6 Whitley Rise £ 250,0000.06 KM
14 Whitley Rise £ 561,2000.06 KM
70 Basingstoke Road £ 267,5000.13 KM