3 bedroom terraced for sale

£330,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

Note from the Homeowner
No.88 has been a fantastic investment for us over the last 11 years. Weve never experienced any major issues. Its location has always made it popular and easy to let, and weve found it to be a reliable, low-maintenance asset throughout our ownership.
Alexs Best Bits
As you step inside this 3 bedroom bay-fronted Victorian terrace, youll notice something many of these homes lack - a separate entrance hall. Instead of walking straight into the living room, this layout gives you an airlock effect, helping keep the cold out in winter and creating a natural divide. But more than that, it adds flexibility - that front room becomes a great candidate for a 4th bedroom, or perhaps a cosy snug or office, complete with that charming bay window.
Flowing through, youre greeted with an open-plan kitchen and dining area, making it ideal for family life or entertaining. At the rear, the bathroom sits in the traditional Victorian downstairs spot - its functional but would benefit from a modern refit, offering a clear opportunity for the next owner to add value.
Upstairs, youll find 3 bedrooms - 2 doubles and 1 larger single. All windows are double glazed, and theres clever built-in storage over the stairs. A big win here is that every wall has been re-skimmed - no woodchip, no artex, just a clean, smooth finish throughout.
Step outside to a west-facing, low-maintenance garden. This is where you will find a powered outbuilding - currently used as a utility area, but with potential for a workshop or extra storage.
Location, Location
This part of Cardigan Road is on a quiet one-way section, and its a permit-only street, making parking more manageable. The property is less than half a mile to the University of Reading, and just at the bottom of the road youll find the Co-op, bus routes into town, and other local favourites like Caf Yolk. Reading Station is about 1.5 miles away, making commuting simple.
This one ticks a lot of boxes - whether youre an investor looking for a rock-solid rental or a first time buyer after a Victorian home to enjoy the character and the flexibility.
Get in touch to arrange your viewing - wed love to show you around.



Features
  • Freehold

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Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 274950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 8250
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 27450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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Notes

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