Summary - 2, Cannon Street, READING RG1 7PH
3 bed 3 bath End of Terrace
**Standout Features:**
- Three self-contained flats (two 1-bedroom, one studio)
- End-of-terrace Victorian property
- Investment opportunity with tenants in situ, generating £30,000 p/a
- Close proximity to town center and public transport (Reading & Reading West train stations)
- Freehold tenure, chain-free
- Small garden space
- Permitted on-street parking
- Low council tax band (Band A)
**Potential Concerns:**
- Property requires maintenance and modern updates, particularly in common areas
- High crime rate and area deprivation may be a downside for some buyers
- Average-sized rooms may limit customization options
This end-of-terrace Victorian property offers a unique investment opportunity in a culturally vibrant area of Reading (Postcode RG1 7PH). Boasting three self-contained flats, currently yielding an impressive rental income of £30,000 per year, it's perfect for investors seeking a steady cash flow. While the property needs some updates, especially in aesthetics and functionality, it holds significant potential to capitalize on its prime location near amenities such as shops, schools, and public transport.
The layout includes two 1-bedroom flats and a studio apartment, catering well to a diverse tenant demographic. With council tax at a very affordable rate, this property offers a smart financial move in today's market. The small garden and on-street parking add to its functional appeal. Although the surrounding area notes a high crime rate, the excellent mobile and broadband connectivity ensures modern living needs are met. Viewing is highly recommended to understand the future potential this investment holds—opportunities like this are not expected to last long!
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