Summary - FLAT, 362, OXFORD ROAD RG30 1AQ
1 bed 1 bath Residential Development
**Standout Features:**
- Vacant lot with planning permission for 26 residential units and 2 ground floor commercial units.
- Total site area of approximately 0.32 acres (0.13 hectares), ideal for medium-sized development.
- Located on Oxford Road, a vibrant area with excellent public transport links and local amenities.
- Strong rental potential, appealing to young families and students in Reading.
**Concerns:**
- Local crime rate is high, which may deter some potential residents.
- Area classification reveals it as deprived, necessitating consideration for development focus.
- Current condition of the plot is vacant with limited established landscaping, requiring full development planning.
**Summary:**
Unlock the potential of this prime residential development opportunity at 362 Oxford Road in Reading. Spanning approximately 0.32 acres, this vacant site comes with approved planning permission for a unique development comprising 26 residential units alongside 2 commercial spaces, making it an attractive investment for builders and developers. With a blend of local amenities within walking distance, including schools and diverse restaurants, this area is well-suited for young families and students who are increasingly seeking quality housing.
However, potential buyers should be aware of the high local crime rate and the depressed area status, which could impact desirability and future growth. The property offers a blank canvas for visionary investors ready to transform the landscape into a thriving community. Don’t miss out on this exclusive opportunity to shape the future of Reading—this development might not be on the market for long!
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