Summary - 150 Alma Street, Reading, RG30 RG30 1JS
4 bed 3 bath House
Established income-producing property with development upside near central Reading.
Fully let mixed-use freehold generating £6,850 pcm (£82,200 p.a.)
Approx 3,500 sq ft GIA with about 16 rooms overall
Potential to develop above garage subject to planning permission
Victorian exterior character with some modern interior updates
Built 1957; multi-storey layout includes garage/workshop and flats
Very high local crime — increased management and security needs
Decent plot size; no flood risk and fast broadband available
Management complexity: commercial and residential tenancies to oversee
This substantial freehold property on Alma Street is presented as a multi-unit, income-producing asset in West Reading. Extending to approximately 3,500 sq ft, the site combines a long-established garage/workshop with several flats and a larger residential unit, producing a reported total rental income of £6,850 pcm (£82,200 p.a.), with a net income after utilities of roughly £79,200 and an indicated net yield of about 9.1% at the current asking price of £875,000.
The buildings date from 1957 and retain period character externally (Victorian semi-detached brickwork and bay windows) while some residential parts have been updated internally (modern gloss kitchen fittings and integrated appliances). The layout is multi-storey with around 16 rooms in total, decent plot size and a clear planning upside: potential development above the garage subject to planning consent, which may increase asset value or income capacity.
Buyers should be clear about material considerations: the area records very high crime levels, and the property operates within an urban, privately rented neighbourhood of new arrivals. While flood risk is listed as none and broadband speeds are fast, the mixed-use nature means management responsibilities across commercial and residential tenancies, and any development or refurbishment will require statutory permissions. This is best suited to investors or developers looking for an established rental stream with redevelopment potential.
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