Summary - 86 BASINGSTOKE ROAD READING RG2 0EL
7 bed 7 bath Terraced
Central location near university, station and town centre with established rental income.
Seven bedrooms, seven bathrooms configured as an HMO
A substantial Victorian mid-terrace converted to a seven-bedroom HMO, offered freehold and currently producing about £42,000 per annum. The house sits very close to Reading town centre, station, university and hospital, making it appealing for lettings and investors seeking immediate income.
Period features include bay windows and high ceilings in principal rooms, with double glazing installed since 2002 and mains gas central heating via boiler and radiators. Broadband and mobile signals are excellent, supporting modern tenants and short-notice lets.
Rooms are generally small and the property is described as a fixer-upper: some areas (including attic rooms) have low ceilings and will suit occupants comfortable with compact spaces. The solid brick walls are assumed to lack insulation and the plot is small; expect ongoing maintenance and potential refurbishment to boost long-term value and energy efficiency.
Note practical downsides clearly: the neighbourhood records higher crime levels, council tax banding is above average, and the property’s age and layout mean refurbishment may be needed to modernise rooms and communal facilities. For investors this remains a well-located asset with established income, while a buyer planning renovation can add value through improvement works.
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