This property currently functions as a multi-unit rental facility, featuring seven out of eight flats occupied, yielding an impressive annual income of £78,960 when fully let. The main building is comprised of five converted flats: four on the ground floor and one above, along with two additional detached units, Smith’s Lawns and Pump Cottage, each with their own outdoor spaces. This setup presents a solid investment with immediate revenue potential and significant room for enhancement. A key opportunity lies in the vacant unit that awaits refurbishing and re-letting, alongside the potential to elevate rental prices through strategic improvements across the properties. Furthermore, there are options to optimize underperforming units through reconfiguration. The grounds offer developmental prospects for creating one or two more units, as historical structures have been removed due to condition, paving the way for new construction (subject to planning consent). The well-situated location at the periphery of Reading provides convenient access to Burghfield and Mortimer villages, local amenities, and transport links such as the M4 motorway. With ongoing tenant demand in this area, enhancing these units could significantly increase profitability over time.
