Mansfield Road, Reading RG1

An established investment opportunity situated in a sought-after cul-de-sac within the Russell Street/Castle Hill Conservation Area. This attractive four-storey Edwardian semi-detached property has been converted to provide a six-room House in Multiple Occupation (HMO) together with a separate two-bedroom lower ground-floor flat. The property occupies a convenient position for Reading town centre, with both Reading mainline station and Reading West station within easy reach, together with a range of local amenities and regular bus services. When fully occupied, the property generates a combined rental income of £57,300 per annum, equal to a gross yield of 9.31% and is offered for sale with tenants in situ. The HMO accommodation is arranged over three floors and comprises a kitchen/dining room and two bedrooms on the ground floor, with the principal bedroom benefiting from an en suite shower room. The first floor provides two further bedrooms together with a WC/shower room, while the top floor offers two additional bedrooms and a further WC/shower room. The lower ground-floor flat benefits from its own private garden and comprises a kitchen/breakfast room, living room, two bedrooms and a useful storage room. The property combines an attractive period building, established rental income and a highly convenient location close to Reading town centre, making it an appealing proposition for investors seeking a property with multiple income streams.

Mansfield Road, Reading RG1

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