Summary - Tilehurst Road, Reading, Berkshire, RG30 RG30 2LY
6 bed 6 bath Block of Apartments
Turnkey six-flat freehold with strong guaranteed income and expansion potential.
Freehold detached Victorian block with six self-contained flats
Guaranteed rent of £9,500 pcm from housing association/local authority
Newly renovated throughout; separate meters and council tax registrations
Generous plot with vehicular rear access and garden; development potential (STPP)
Off-street parking provided; high ceilings and period features retained
Above-average local crime and higher area deprivation — affects management
Further development requires planning permission; build costs and disruption possible
Immediate turnkey rental income but multi-unit management responsibilities apply
A detached, newly renovated Victorian block on Tilehurst Road offering six self-contained flats with separate meters and individual council tax registrations — a ready-made freehold investment in Reading. The building sits on a generous plot with side access, off-street parking and a private garden, giving immediate rental income plus clear potential for further development (STPP).
The flats are finished to a high standard and currently benefit from a guaranteed rent arrangement of £9,500 pcm from a housing association/local authority, providing an immediate, stable income stream. The location is commuter-friendly: Reading town centre is about 2 miles away, Reading West station and major bus routes are within easy reach, and central London is reachable in under 30 minutes by train.
Significant development scope exists subject to planning permission — possibilities include additional flats, garden studios, or a new-build detached home on the plot. While the property is turnkey for landlords, any buyer considering expansion should factor in the planning process, build costs and potential tenant disruption during works.
Buyers should note material local drawbacks: the area records above-average crime and higher deprivation indicators, which can affect tenant mix, management needs and future capital values. The site’s investment case rests on strong rental demand and the guaranteed rent offer, balanced against the cost and effort of managing a multi-let building and seeking planning consent for extensions.
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