Property description
EPC Rating C - Offered on to the market is this excellent investment opportunity on Kings Road in Reading. This property is currently rented as a five bedroom HMO with an annual rental income of £25,560 and a separate one bedroom basement flat with an annual rental income of £10,200 with scope to increase the rental income with improvements. This plot is located just 0.6 miles from Reading town centre and 0.9 miles from Reading Train Station. This property can be sold with tenants in situ. The HMO has a licence until July 2019, the five bedrooms are spread out over three floors with a communal kitchen on the ground floor. There are two en-suite bathrooms and a main bathroom on the first floor. The basement flat is accessed at the front of the building and has an open plan kitchen/diner/lounge, separate bathroom and bedroom with access into the rear garden. No onward chain.
LOCAL INFORMATION Fast non-stop services to London Paddington, access to Jct 11& 12 of the M4 and within 30 miles of London Heathrow, Central Reading is a desirable area for commuters and families alike. The town is made up of old and new, the town hall, Abbey ruins and Forbury gardens are complimented by the newly developed train station and Oracle shopping centre offering numerous bars, restaurants and the latest shops. Reading is set between the River Thames and River Kennet which meanders through the centre. There is no shortage of leisure facilities with various gyms, clubs and societies not to mention its own Football and Rugby teams. Reading boasts its renowned University along with college and highly sought after primary and secondary schools.
ACCOMMODATION HMO: This HMO is set out over three floors, on the ground floor there is a communal kitchen with twin hobs and twin ovens. There is a double bedroom with an en-suite shower room. There is also access to the rear garden. On the first floor there are two double bedrooms and a bathroom. On the second floor there are two further double bedrooms, one with an en suite shower room.
Basement Flat: Situated on the basement level the flat is access from the front into a lounge, diner and kitchen area. There is a separate bathroom and double bedroom that has access into the rear garden.
OUTSIDE SPACE Front courtyard garden. Rear garden with access to the main house and basement flat.
LOCAL AUTHORITY and SERVICES Reading Borough Council
The entire house is under one council tax band which is Band C
Mains Gas, Electric and Water
CONVEYANCING Through our in house Conveyancing team, we can ensure ease and efficiency for a competitive, no-sale, no-fee quote. Ask us for a quote today.
DISCLAIMER These particulars are a general guide only. They do not form part of any contract. Services, systems and appliances have not been tested.
Property Features :
- Investment Opportunity
- Potential Yield of 6.2%
- Five Bedroom HMO plus One Bedroom Basement Flat
- Just 0.6 miles from Reading Town Centre
- Excellent Transport Links