Turnkey freehold investment near University and station, strong rental income.
Freehold block of three self-contained apartments
A compact freehold block of three fully let apartments on Cumberland Road, offering an immediate, income-producing addition to an investor portfolio. The building comprises two 2-bed flats and one 1-bed flat, generating a reported annual rental income of £38,040 and benefitting from gated allocated parking and private garden space for each unit — a strong differentiator in apartment stock.
The flats are modern (constructed 2007–2011), fitted with gas central heating, a boiler-and-radiator system and double glazing, and present well internally. Location is a key strength: easy walking distance to the University of Reading and Royal Berkshire Hospital, and close to Reading town centre and the station, supporting consistent tenant demand from students, hospital staff and young professionals.
Notable considerations are straightforward: the property sits in an area with higher recorded crime levels, which may affect management strategies and insurance costs. The block is compact (total approx. 969 sq ft) and is sold with tenants in situ, so buyers should expect limited immediate vacant possession and carry out their own checks on services, fixtures and compliance. Overall, this is a turnkey, low-management footprint investment with secure parking and outdoor space that appeals to a broad local rental market.
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