162 Crockhamwell Road, Woodley, Reading, Berkshire RG5 3JH

Description

The property comprises a first and second floor two bedroom split level maisonette situated within a parade arranged over ground and two upper floors. Accommodation includes Reception Room Kitchen. Tenancy: The property is subject to a Periodic Tenancy at a rent of £1,025 per calendar month. EPC rating D.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Watch House Hill are within easy reach. Transport links are provided by Portway Park & Ride rail station and the M5.

Investment Analysis

Investment Snapshot

Property & Refurbishment

I would initially allow approximately £5,000–£15,000 for the works indicated by the listing, investor-grade finishing and contingency. This is an HB/AI feasibility allowance rather than a contractor quotation. A full survey and itemised trade pricing are required before fixing the budget.

Rental Analysis

The listing states current rental income of approximately £12,300 per annum, equivalent to a gross yield of about 11.2% on the guide price. This is a listing-derived figure and should be checked against the tenancy/lease, payment history and legal pack. Market rent has not been invented where current comparable lettings were not independently verified.

GDV / Resale Analysis

No sufficiently specific sold comparables were independently verified for this property during this high-volume batch market check. I have therefore not manufactured a GDV figure. Before bidding, establish value from recent like-for-like completed sales or, for commercial/tenanted assets, appropriate investment-yield evidence. Any future HB estimate should be clearly distinguished from a RICS valuation.

Properties Sold Within Approx. 5 Miles

No sufficiently specific sold comparables were independently verified during this market check. This is intentionally left evidence-led rather than populated with fabricated transactions.

Potential BRRR Position

A reliable BRRR refinance calculation cannot be produced until a comparable-supported completed value and, where relevant, achievable rent are established. Any refinance would also depend on lender valuation, LTV, rental stress tests, construction, tenure and borrower criteria.

Flip Analysis

A flip should only be pursued once a conservative resale value has been supported by recent completed-sale evidence. Deduct acquisition tax, the auction administration charge, legal fees, finance, holding costs, refurbishment/development costs, contingency and selling costs; headline guide-to-value uplift is not net profit.

Investor Risks & Due Diligence

• Review the complete legal pack, title/lease and all auction disbursements before bidding.




• Obtain an appropriate survey/site inspection and contractor or professional costings.




• Verify any stated tenancy, lease, rent, possession or planning information independently.




• Obtain recent like-for-like sold and rental evidence before fixing GDV or achievable rent.

Recommendation

Preferred strategy: Buy-to-Let / Income Investment. The recommendation is based on the listing facts and current configuration. Because property-specific sold/rental comparables were not verified for every lot in this batch, the final bid ceiling should be set only after local market evidence and legal/condition due diligence are completed.

Strategy Rating

BRRR: ★★★☆☆

Buy-to-Let: ★★★★★

Flip: ★★★☆☆

Development: ★★☆☆☆