Summary - Flat 1 Harlequin House, Padworth Avenue, READING RG2 0FU
52 bed 52 bath Block of Apartments
Thirty-unit, income-producing block in Kennet Island with allocated parking and strong transport links.
30 apartments: 22 x 2-bed and 8 x 1-bed
A ready-made investment in Kennet Island: Harlequin House is a modern, mid-rise block currently let as 30 self-contained flats (22 x two-bed, 8 x one-bed) producing a gross rental of £517,380 pa. Each unit has an allocated parking space and apartments sit within well-maintained communal grounds and a central piazza, attractive to professional tenants and local businesses nearby.
The location offers strong transport links — roughly 2.5 miles from Reading mainline station, close to Junction 11 of the M4, a dedicated bus service, and within about 0.9 miles of Green Park station. The immediate development includes corporate and healthcare neighbours (Green Park business centre, a private hospital, hotel and dealership) which support rental demand from commuters and employees.
Important commercial facts and cautions are presented plainly: the property is leasehold (long unexpired term noted) and currently returns a gross yield of approximately 6.5% at the listed price. The wider area records higher crime levels and indicators of local deprivation, which can affect long-term capital growth and management costs. Prospective buyers should review individual EPCs for each flat, current service charge levels, and tenancy details (individual tenancies in place) to confirm net yield and ongoing expenditure.
Overall this is a turn-key, scale investment with existing income, off-street parking and strong accessibility, balanced by local socio-economic challenges and the usual operational overheads of multi-tenancy management. It suits buyers seeking a sizeable, let residential asset with immediate cashflow and potential for active management to improve net returns.
2 bedroom apartment for sale in Padworth Avenue, Reading, Berkshire, RG2 — £290,000 • 2 bed • 2 bath • 716 ft²
1 bedroom apartment for sale in Tean House, Havergate Way, RG2 — £200,000 • 1 bed • 1 bath • 508 ft²
1 bedroom flat for sale in 39 Greenham Avenue, Reading, RG2 — £220,000 • 1 bed • 1 bath • 483 ft²
2 bedroom apartment for sale in Cygnet House, Drake Way, Reading, RG2 — £260,000 • 2 bed • 2 bath • 667 ft²
10 bedroom apartment for sale in Admirals Court, Rose Kiln Lane, Reading, RG1 — £1,150,000 • 10 bed • 6 bath • 1585 ft²
1 bedroom apartment for sale in Peregrine House, Bedwyn Mews, Reading, RG2 — £210,000 • 1 bed • 1 bath • 616 ft²
