House For Sale £500,000
Watlington Street, Reading, Berkshire, RG1

An opportunity to purchase this investment property consisting of six dwellings currently generating £40,500 per annum in this excellent location a short walk to the Royal Berkshire Hospital, Reading University and Reading Station. The property offers the new owner potential to improve the rental return with some refurbishment or turn it back into a family home. The property is configured with a one bedroom self-contained lower ground floor garden flat, another self-contained one bedroom apartment on the top floor and four bedsits, two on the ground floor and two on the first floor. the lower ground floor and top floor are fully self-contained flats with bathrooms, separate kitchens, living rooms and bedrooms, whilst the bedsits are single rooms with their own kitchen facilities and shower rooms. The bedsits are currently let at between £475 and £525 a month and the one bedroom flats £650 and £675 monthly, generating a total monthly rental of £3375 which in our opinion could be improved significantly. 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 from day 1.

Location:
Watlington Street is a no through road which runs between London Road to the south and Queens Road to the north on the easter side of Reading Town Centre and just over 200 meters from the Royal Berkshire Hospital.
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. Home to many of the city's commuters there are excellent road or rail links to Swindon, Oxford, Basingstoke, Heathrow and farther afield. Beyond the hive of commercial activity, Reading is 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.