This spacious four-bedroom property, spread over three levels, presents a significant opportunity for renovation and investment. Currently configured as a three-bedroom unit and a well-maintained one-bedroom maisonette, it has the potential to generate substantial rental income while also serving as an ideal family residence.
With over 1,700 square feet of living space, the ground floor features a small bedsit at the front and an entrance hall leading to the first floor. The first level boasts a generous 31-foot landing that connects to a 14-foot bay-fronted living room and a sizable 20-foot kitchen. This floor also accommodates two bedrooms, a cloakroom, and an additional bathroom. A staircase from the living room guides you to the second floor, which is currently utilized as another bedroom along with extra eaves storage.
Outside, the property includes off-road parking situated at the rear, enhancing convenience for residents. The three-bedroom portion is presently rented at £1,000 per month, with potential for increased returns given some cosmetic updates; estimates suggest that improved conditions could yield up to £2,500 monthly.
The lower-level one-bedroom maisonette offers its own distinct charm. Upon entry, you’ll find a bright living room that flows into a kitchen complete with a laundry/utility area. The ample hallway provides additional storage space leading to a comfortably sized bedroom. This unit is currently renting at £950 per month.
Both dwellings benefit from dedicated parking spaces and private outdoor areas. With tenants already in place in both units, this property stands out as an attractive investment opportunity or can be transformed into a large family home through thoughtful refurbishment.
Located conveniently near Reading Town Centre and Tilehurst Village, this property benefits from excellent local amenities and transport links. It is important to note that while both units are currently tenanted, they offer significant renovation potential with various possibilities for maximizing their value in today's rental market.
Council tax rates are applicable under Reading Borough Council: Band C for the larger unit and Band A for the maisonette. Services available include electric, gas, and mains drainage. Detailed information subject to change during transaction processes should always be confirmed prior to any agreements or commitments.
