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House For Sale £350,000
Cholmley Road, Reading RG1


Description
This is an investment opportunity to purchase a HMO in Reading with the potential to generate £33,300 rent pa & gross yield of 9.5%.

Property information

  • HMO licence for up to 6 occupants
  • Spread over 4 floors
  • Two shared bathrooms
  • One shared lounge and kitchen
  • Comes with rear garden, which is accessible from the kitchen
  • EPC rating D
  • Current guaranteed monthly net rent £1,500


Rental information

  • The property is currently let on guaranteed rent for £1,500 pcm, the tenant company pays all the bills
  • It is expected that the property could generate £2,775 pcm if let on an individual basis
  • The vendor expects the running costs to be around £263 pcm if let on an individual basis


Location information

  • The property is around 1.5 miles east of Reading town centre
  • The University of Reading is just under 1 mile from the property
  • Palmer Park is the nearby open greenspace and can be reached in less than 10 minutes on foot


Note

  • Please note that Vesta has not visited this property and that the vendor has provided all material.

Follow the link for more information: 
        
zoopla.co.uk
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