* Freehold
* Investment or Refurbishment Opportunity
* Currently Configured at 5 Bedsits
* All with Kitchen Facilities
* First Floor Bathroom
* 4 of 5 Rooms Currently Let
* Potential 8% plus Rental Yield
An excellent investment opportunity to purchase this HMO (House of Multiple
Occupancy) consisting of five bedsits set over three floors. Set in this
popular location a short walk to the Royal Berkshire Hospital, Reading
University, Reading Town Centre and the Train Station the property is
perfectly situated for rental investment. Each room has its own kitchen
facilities and there is a shared bathroom on the first floor. Four of the five
rooms are currently let achieving a monthly rental of £1785 with the fifth
room set to achieve £500 a month giving a rental yield in excess of 8%. There
is further opportunity to add value and increase the rental yield with some
work or to turn the house back into a family home. This ready - made investment
in this great location, with potential to improve will suit an astute investor
and can be purchased as a going concern generating rental income or offer
someone potential to create a lovely family home.
Location: Situated on this well established road directly to the south of the
Royal Berkshire Hospital running between Redlands Road and Erleigh Road. A
short walk to the University of Reading, the town centre and the train
station. Reading is one of the south east’s largest towns only 25 minutes from
London by train, with trains running every five minutes or so and is home to
many of the city’s commuters. Reading also has easy links by road or rail to
Swindon, Oxford, Basingstoke, Heathrow and farther afield. Nestled in the
heart of Royal Berkshire offering beautiful riverside walks on the Thames and
tow path ambles on the Kennet and Avon canals and with the nearby Berkshire
Downs and Chilterns, beautiful countryside is never far away. Reading offers a
rich mix of shops and markets. In the heart of the town, The Oracle combines
chic boutiques with department stores such as Debenhams and House of Fraser
and within a minute’s walk there are many high - street favourites including
John Lewis and Marks & Spencer. There are restaurants, cafes and brasseries to
suit every taste in Reading. Plus there are numerous bars and restaurants on
the Oracle Riverside.
Reading school founded in 1125 is the 16th oldest school in England, there are
6 other state secondary schools along with 37 state primary schools in the
borough. In addition there are some well - recognised and top ranked independent
and public schools in Reading and its surrounding catchment. Schools such as
Leighton Park, Queen Annes, The Abbey, Crosfields, Bradfield College, The
Oratory and Bluecoat are just some of the outstanding public schools in the
area. Kendrick girls’ school is one of the top grammar schools in the UK.
Reading University established in 1892 is a ‘red brick’ and ranked in the top
1% of universities in the world. There are almost 23, 000 students from all
over the globe.

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