Summary - 47 VASTERN ROAD READING RG1 8DJ
6 bed 1 bath Terraced
Turnkey income-producing Victorian HMO near Reading station — strong yield, area risks to note..
- Licensed six-bedroom HMO, two en-suites and two shower rooms
- Proven income £4,320pcm; approx. 9% gross yield
- Short walk to Reading mainline station and town centre
- Recently modernised interior; double glazing and new kitchen
- Small enclosed rear garden and separate garage
- EPC rating D; council tax band D
- Medium flood risk and very high local crime rate
- Solid brick walls assumed uninsulated; retrofit likely needed
A licensed six-bedroom HMO on Vastern Road, presented recently modernised and producing proven rental income. Currently achieving a gross income of £4,320 pcm (about 9% gross yield at the asking price), the property is arranged over three principal storeys plus an attic and includes two en-suite rooms, two contemporary shower rooms and a separate WC — a turnkey income-producing asset for investors.
Positioned a short walk from Reading mainline station and close to both Caversham and central Reading amenities, the house benefits from fast links to London Paddington and easy access to the M4. The accommodation sits in a mid-Victorian terrace with high ceilings, bay windows and a compact, enclosed rear garden. A garage provides additional practical storage or parking in this central location.
Buyers should note material negatives: the property is in a very high crime area and sits within a medium flood-risk zone. It is in a deprived local area and the solid-brick Victorian walls are assumed to lack insulation. EPC rating D and council tax band D are current. These factors are important when assessing long-term running costs, insurance and tenant demand profiles.
Overall this is a clear proposition for landlord-investors seeking immediate rent roll from a licensed HMO close to transport hubs. The layout and recent upgrades reduce short-term maintenance, but purchasers should factor in area-related risks and potential retrofit costs (wall insulation and flood resilience) when modelling net returns.
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