14 Tyle Road, Tilehurst, Reading, Berkshire, RG30 4TF

Description

A Vacant Four Bedroom Semi Detached House. The property comprises a four bedroom semi detached house arranged over ground and first floors. The property requires a program of refurbishment and repairs.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, WC. First Floor: Four Bedrooms (One With En-Suite), Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Blagrave Recreation Ground are within easy reach. Transport links are provided by Tilehurst rail station and the M4.

Tenure / Property Information

Investment Analysis

The strongest evidence is 12 Tyle Road, the same road and apparently the same semi-detached property type, which sold for £292,000 on 17 November 2025. This supports a base GDV estimate of £292,000, but the subject requires refurbishment and repairs and there is no condition report, internal inspection evidence or refurbishment budget. No evidence supports reliable low and high GDV scenarios. The guide represents £62,000 of gross headroom to the base GDV before refurbishment, fees, finance and selling costs.

Investment Snapshot

Strategy Recommendation

Investigate only after obtaining the legal pack, inspecting the vacant property and pricing the required refurbishment. Do not rely on the headline £62,000 margin or the high rent listing until costs and achievable rent are verified.

Works Required

Refurbishment and repairs as required by the auction description, with the precise scope and cost to be established through inspection, contractor pricing and the legal pack. No specific defects or installations should be assumed from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £292,000 base GDV, 75% refinancing is mathematically £219,000. Cash left in and refinance viability cannot be assessed because refurbishment costs, full acquisition costs, finance costs and the eventual lender valuation are unsupported. The guide price alone is not sufficient to establish a BRRR case.

Buy-to-Let Analysis

The supplied advertised asking rents range from £1,500 to £3,395 pcm, producing an indicative gross yield range of 7.83% to 17.71% against the £230,000 guide. These are not achieved rents, one listing is not clearly property-specific, and no single reliable rent can therefore be selected. Yield on total project cost cannot be established because refurbishment costs and other purchase costs are unknown.

Flip Analysis

The supported comparable indicates a base GDV of £292,000, giving £62,000 gross difference above the £230,000 guide before refurbishment, the £1,800 administration charge, disbursements, finance and selling costs. A reliable flip surplus cannot be calculated without a supported works budget and selling-cost allowance.

Investor Risks & Due Diligence

• The property is expressly described as requiring refurbishment and repairs, but no scope or cost estimate is supplied.

• Full purchaser costs are unknown; only the £1,800 administration charge is stated, with possible legal-pack disbursements.

• The £292,000 GDV relies principally on one recent same-road comparable and does not quantify any condition difference.

• Rental evidence consists of advertised asking rents ranging from £1,500 to £3,395 pcm, with no achieved or auctioneer-supported rent.

• The property is vacant, so there is no passing rental income.

Recommendation

Investigate only after obtaining the legal pack, inspecting the vacant property and pricing the required refurbishment. Do not rely on the headline £62,000 margin or the high rent listing until costs and achievable rent are verified.

Strategy Rating

Analysis Confidence

A recent same-road sale supports the base GDV, but the subject’s condition, refurbishment cost, full acquisition costs, legal-pack disbursements and achievable rent are not evidenced. Rental evidence is also widely dispersed and asking-only.