Summary - 28 LORNE STREET READING RG1 7YN
5 bed 2 bath Semi-Detached
Turnkey HMO near Reading West station — proven income and strong yield..
- Licensed five-bedroom HMO with proven rental income (£3,275 pcm)
- Currently achieving c.8.3% gross yield at £475,000 asking price
- Newly renovated throughout to a high specification
- Two modern shower rooms and open-plan kitchen/diner
- Freehold; walking distance to Reading West and mainline station
- Small rooms and narrow terrace footprint, limited expansion potential
- Small rear garden and driveway parking for one car
- Located in a deprived area with a higher crime rate
A ready-made investment on Reading’s western edge, this freehold Victorian semi-detached property is offered as a licensed five-bedroom HMO. Recently refurbished to a high standard, the house is producing a proven gross income of £3,275 pcm (approximately 8.3% gross yield at the asking price of £475,000). Its location is highly practical for renters, within walking distance of Reading West and the mainline station and close to local shops and bus routes.
The interior combines period character to the front with a contemporary, open-plan kitchen / living / dining area to the rear and two modern shower rooms. Accommodation is arranged over two storeys with modest room proportions typical of urban terraces; overall internal area is about 1,236 sq ft. Outside there is driveway parking for one car and a low-maintenance patio garden.
Important considerations for buyers: the property sits in an area classed as deprived with a higher-than-average crime rate, so investor purchasers should factor tenant profile and insurance/security requirements into running costs. The plot and rooms are relatively small, so future redevelopments are limited. Council tax is band C and the property benefits from excellent mobile and broadband connectivity, making it attractive to professionals and students seeking transport links and fast internet.
6 bedroom end of terrace house for sale in Wolseley Street, Reading, Berkshire, RG1 — £550,000 • 6 bed • 4 bath • 1296 ft²
6 bedroom terraced house for sale in Vastern Road, Reading, Berkshire, RG1 — £575,000 • 6 bed • 1 bath • 1437 ft²
5 bedroom terraced house for sale in Catherine Street, Reading, RG30 — £415,000 • 5 bed • 4 bath • 969 ft²
6 bedroom end of terrace house for sale in Oxford Road, Reading, RG30 — £510,000 • 6 bed • 6 bath • 1353 ft²
5 bedroom terraced house for sale in Alpine Street, Reading, Berkshire, RG1 — £400,000 • 5 bed • 6 bath • 980 ft²
5 bedroom end of terrace house for sale in Anstey Road, Reading, RG1 — £395,000 • 5 bed • 2 bath • 1250 ft²
