Summary - 20 CATHERINE STREET READING RG30 1DN
5 bed 4 bath Terraced
Turnkey five-bed let with established rent and local transport links.
Currently achieving up to £3,500 pcm when fully let
A well-presented five-bedroom licensed HMO on Catherine Street, currently producing up to £3,500 pcm when fully let. The layout includes three en-suite shower rooms plus a communal shower, a communal kitchen/breakfast room and a low-maintenance patio garden — a straightforward, let-ready arrangement appealing to professional tenants and students.
The property is offered freehold and sits in a Victorian mid-terrace of similar period homes, with double glazing installed post-2002 and gas central heating via boiler and radiators. Its compact footprint and efficient rooming plan support strong rental yields without immediate refurbishment, making this a turnkey option for investors seeking near-term income.
Buyers should note the material negatives plainly: the neighbourhood records higher crime levels and is classified as deprived, which can affect tenant mix and management needs. On-street parking operates on a permit basis with charges from Reading Borough Council. The terrace construction is solid brick with no assumed cavity insulation, which can influence future energy performance and running costs.
Overall, this is a practical investor purchase in a high-demand rental location close to Reading West Station and local amenities. The proven income profile and simple maintenance regime make it suitable for hands-on landlords or portfolio buyers prepared to manage an urban HMO where local market conditions favour rental demand.
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