House For Sale £325,000
Addington Road, Reading, Berkshire, RG1

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.