Modern Method of Auction
Auction date not yet published
3-bedroom semi-detached house · RG30 3NB
For saleListed 59 days
Opportunity summary
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About
For Sale By Modern Method of Auction and offered to the market with no onward chain is this three bedroom semi-detached home.
Set within a quiet cul-de-sac with easy access to the centre of Reading and the M4 motorway the property is conveniently located close to a great range of local amenities and transport links.
Ground floor accommodation comprises a lounge and fitted kitchen/dining room that overlooks the rear garden. On the first floor there are three bedrooms and a shower room.
The master bedrooms looks out over playing fields and the Holy brook and River Kennet beyond. There is a private rear garden with a shed and driveway parking to the front.
This property presents an excellent opportunity for buyers looking to personalise their home and create a bespoke living space.
With scope to extend, subject to the usual planning permissions, it offers the potential to develop into a wonderful family home in a peaceful setting with convenient access to Reading and surrounding areas.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional. Location: Lea Close is located off Underwood Road which is off Burghfield Rd and the A4 on the Western side of Southcote.
Southcote is a suburb of Reading located to the south-west of Reading town centre between the A4, Bath road and the River Kennet.
Based the Southern Side of Reading’s largest park, Prospect Park and serviced by regular buses services, including the 2,2a and 26 giving access to Reading Town Centre.
There are some good schools including Kennet Valley and Southcote Primary Schools and The Wren and Hugh Farringdon secondary schools.
Local shops include; an Aldi and Lidl on the Bath Road, a large asda on Honey End Lane on the Western Side of the Park and a Sainsbury’s hypermarket, Sports Direct, Boots and ikea at nearby Calcot on junction 12 of the M4 all of which make Southcote an excellent family area.
There is riverside dining at the Cunning Man on the banks of the River Kennet and a large Harvester restaurant at the top of the hill in Prospect Park.
Calcot Golf course, which is one of Berkshires top courses is also close by.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 32a, Lea Close, Berkshire
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