Summary - 39 SPRING TERRACE READING RG2 0BD
5 bed 2 bath Terraced
- Five double bedrooms arranged over three floors
- Established HMO with tenants in situ until June 2026
- Advertised income yielding over 8% ROI
- Open-plan modern kitchen/lounge; contemporary fittings
- One off-street driveway space and small patio garden
- Cavity walls shown with no insulation (upgrade likely required)
- Located close to Reading town centre and university
- Local area recorded as deprived; consider longer-term growth
A five-bed mid-terrace in RG2 presented as a purpose-built HMO with tenants in situ, offering an established income stream and driveway parking. The property is arranged over three floors with an open-plan ground-floor kitchen/lounge, two bathrooms, and a small easy-to-maintain patio garden. Current income and tenancy provide immediate cashflow for a hands-off investor.
This house is well suited to an investor targeting student or HMO rental stock close to Reading town centre and the university. The open-plan kitchen/living spaces are modern in appearance and the property benefits from double glazing and mains gas central heating, which helps tenant appeal and operational reliability.
Buyers should note material points: tenants are in situ until June 2026 (sale subject to tenancy), the local area scores as deprived which can affect long-term capital growth, and the cavity walls are recorded with no insulation assumed — upgrade work may be needed to improve efficiency and running costs. Plot and external space are small; there is one off-street driveway space only.
For an investor seeking an income-producing HMO, this freehold house delivers immediate returns (advertised at over 8% yield). However, factor in management responsibilities, potential refurbishment/insulation costs, and the locked-in tenancy when assessing total return and exit timing.
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