# 3 bedroom terraced house for sale (RG1 5QL)

## Property Details

| Key | Value |
|-----|-------|
| Address | 40 CARDIGAN ROAD, READING, READING RG1 5QL |
| Price | £350,000 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Council tax | C |
| Construction age | England and Wales: 1900-1929 |
| Floor area | 72 m² |
| Last sold | £376,000 Nov 2024 |

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** B
- **Expiry date:** 18/08/2034
- **Current heating cost:** £1,125/year
- **Est. upgrade cost to C:** £19,500

### Recommendations
- Q (£4,000 - £14,000)
- W1 (£800 - £1,200)
- N (£4,000 - £6,000)
- U (£3,500 - £5,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/1100-0012-0922-1495-3843)

## Description

Positioned within a highly sought-after area, this attractive and extended terraced home is presented in excellent decorative order throughout. 

The accommodation comprises a welcoming living room, a stylishly refitted kitchen complete with a breakfast bar, and a modernised family bathroom. To the first floor there are two well-proportioned bedrooms, with a staircase rising to the impressive principal bedroom, which benefits from an en-suite.

Externally, the property enjoys a private, Westerly-facing rear garden, thoughtfully arranged with a decking area and patio, leading to a useful storage unit.

The University area is a well-regarded, leafy suburb to the East of the town centre, benefiting from a range of local amenities and excellent transport connections.

## Property Photos

- ![Picture No. 16](/listings/photos/89622177/832510) - Picture No. 16
- ![Picture No. 13](/listings/photos/89622177/832511) - Picture No. 13
- ![Picture No. 02](/listings/photos/89622177/832512) - Picture No. 02
- ![Picture No. 10](/listings/photos/89622177/832513) - Picture No. 10
- ![Picture No. 06](/listings/photos/89622177/832514) - Picture No. 06
- ![Picture No. 09](/listings/photos/89622177/832515) - Picture No. 09
- ![Picture No. 03](/listings/photos/89622177/832516) - Picture No. 03
- ![Picture No. 05](/listings/photos/89622177/832517) - Picture No. 05
- ![Picture No. 04](/listings/photos/89622177/832518) - Picture No. 04

## Floorplans

- ![Floorplan](/listings/photos/89622177/832519) - Floorplan

## EPC Graphs

- ![Epc](/listings/photos/89622177/832520) - Epc

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 40 CARDIGAN ROAD, READING, RG1 5QL | £376,000 | 12/11/2024 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 26 JUNCTION ROAD, READING, RG1 5SA | £435,000 | 16/01/2026 | Terraced |
| 64 HATHERLEY ROAD, READING, RG1 5QE | £390,000 | 18/12/2025 | Terraced |
| 36 BLENHEIM GARDENS, READING, RG1 5QG | £303,000 | 16/12/2025 | Terraced |
| 7 CARDIGAN GARDENS, READING, RG1 5QP | £343,000 | 26/11/2025 | Terraced |
| 51 FOXHILL ROAD, READING, RG1 5QS | £256,500 | 14/11/2025 | Terraced |
| 119 BLENHEIM GARDENS, READING, RG1 5QJ | £292,000 | 11/11/2025 | Terraced |
| 23 CARDIGAN GARDENS, READING, RG1 5QP | £290,000 | 13/08/2025 | Terraced |
| 42 HATHERLEY ROAD, READING, RG1 5QE | £260,000 | 28/03/2025 | Terraced |
| 9 FOXHILL ROAD, READING, RG1 5QS | £301,000 | 04/12/2023 | Terraced |
| 54 FOXHILL ROAD, READING, RG1 5QS | £313,000 | 27/10/2023 | Terraced |
| [Same street] 30 CARDIGAN ROAD, READING, RG1 5QL | £314,232 | 20/10/2023 | Terraced |
| 91 BLENHEIM GARDENS, READING, RG1 5QJ | £272,000 | 06/10/2023 | Terraced |
| [Same street] 52 CARDIGAN ROAD, READING, RG1 5QL | £279,000 | 18/07/2023 | Terraced |
| [Same street] 13 CARDIGAN ROAD, READING, RG1 5QL | £300,000 | 02/05/2023 | Terraced |
| 47 HATHERLEY ROAD, READING, RG1 5QE | £350,000 | 28/04/2023 | Terraced |
| 96 ADDINGTON ROAD, READING, RG1 5PX | £300,000 | 27/03/2023 | Terraced |
| 22 BLENHEIM GARDENS, READING, RG1 5QG | £324,000 | 23/03/2023 | Terraced |
| 73 CARDIGAN ROAD, READING, RG1 5QW | £322,500 | 02/03/2023 | Terraced |
| 26 ADDINGTON ROAD, READING, RG1 5PX | £600,000 | 01/12/2022 | Terraced |
| 26 HATHERLEY ROAD, READING, RG1 5QA | £499,000 | 30/11/2022 | Terraced |
| 104 BLENHEIM GARDENS, READING, RG1 5QJ | £275,000 | 30/11/2022 | Terraced |
| 72 CARDIGAN ROAD, READING, RG1 5QW | £310,000 | 25/11/2022 | Terraced |
| 13 FOXHILL ROAD, READING, RG1 5QS | £305,000 | 21/11/2022 | Terraced |
| [Same street] 34 CARDIGAN ROAD, READING, RG1 5QL | £300,000 | 20/01/2022 | Terraced |
| [Same street] 39 CARDIGAN ROAD, READING, RG1 5QL | £280,000 | 01/11/2021 | Terraced |
| [Same street] 27 CARDIGAN ROAD, READING, RG1 5QL | £275,000 | 03/09/2021 | Terraced |

**Street average:** £291,372 (6 sales)
**Area average:** £337,050 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £345,897 (73 Terraced, RG1, 2024–2026)
- **Deviation:** +1.2%

## Rental Range

*ONS Price Index of Private Rents (Reading). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,419/mo
- **Realistic:** £1,577/mo
- **Optimistic:** £1,735/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed Terraced House, Cardigan Road, RG1 | £1,650/mo | 3 | 0.02 miles | OpenRent |

**Average rent: £1,650/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.47% (weak for cashflow)
- **Max investor price (0.8%):** £206,250
- **Target investor price (1%):** £165,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,650/mo).*

- **Gross yield:** 5.7%
- **Cost-to-rent:** 17.7×
- **Monthly cashflow:** £82/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 1%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £4,861/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 3.2%
- **10y growth:** 2.1%

## House Price Index (HM Land Registry)

*Official index for Reading; Terraced series; as of April 2026.*

- **1y growth (index):** -2.6%
- **5y growth (index):** 14.5%
- **10y growth (index):** 17.9%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)