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 YoY
- Area value
- 100 £
- Rental value
- 20 £
- Rental Yield
- 20 %
- Crime Rate
- 195 %
Agent Activity
Chancellors created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
The Palmer Primary Academy | Academy Sponsor Led | Good | 0.13 KM |
The Avenue Special School | Academy Special Converter | Outstanding | 0.15 KM |
Trinity Christian School | Other Independent School | 0.35 KM | |
New Christ Church Church Of England Primary School | Academy Converter | 0.52 KM | |
Reading Girls' School | Academy Sponsor Led | 0.66 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Lower Mount | £ 475,000 | 0 | 0.00 KM |
Lynden Mews | £ 165,000 | 0 | 0.00 KM |
Elgar Road | £ 0 | 0 | 0.00 KM |
London Road | £ 0 | 0 | 0.00 KM |
Queens Road | £ 368,000 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Reading | 3149 | RDG | 2.12 KM |
Reading West | 3160 | RDW | 3.21 KM |
Earley | 5694 | EAR | 5.20 KM |
Tilehurst | 3154 | TLH | 7.93 KM |
Winnersh Triangle | 5698 | WTI | 8.16 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Reading, Berkshire, RG2 | £ 500,000 | BUY | 5 / 10 | 0.00 KM |
Whitley Rise, Reading, Berkshire, RG2 | £ 260,000 | BUY | Unknown | 0.06 KM |
Basingstoke Road, Reading, Berkshire, RG2 | £ 220,000 | BUY | Unknown | 0.07 KM |
Reading, Berkshire, RG2 | £ 230,000 | BUY | 5 / 10 | 0.13 KM |
Surrey Road, Reading | £ 350,000 | BUY | 6 / 10 | 0.16 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
10 Whitley Rise | £ 415,000 | 0.05 KM |
14 Whitley Rise | £ 561,200 | 0.06 KM |
6 Whitley Rise | £ 250,000 | 0.06 KM |
2 Whitley Rise | £ 250,000 | 0.06 KM |
86 Basingstoke Road | £ 332,000 | 0.13 KM |