5 Bed HMO, Reading, RG30 2EE, £450,000

522D Norfolk Road, Reading, RG30 2EE - 1 views - 2 months ago

HMO
~178 m²
+10 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (26%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£1,875

Running Costs/mo

£2,490

Cashflow/mo

£-615

Cashflow/yr

£-7,380

Gross Yield

5%













Property History

Price changed to £450,000

March 12, 2025

Listed for £475,000

February 18, 2025

Floor Plans

Description

  • Investment oppurtunity +
  • 5 bedroom HMO property +
  • Currently achieving £3800 pcm +
  • 9% yield +
  • 2 shower rooms and bathroom +
  • Central location +

An investment opportunity to acquire this fully licensed HMO situated west of Reading town centre, offering easy access to Reading West/mainline station, local shops, and amenities. The property benefits from 5 bedrooms,communal room, a study, 2 showers, and a bathroom. The current landlord is achieving £3800 PCM with a strong rental history.

Additional Information: - Parking
On-street parking requires residents and visitors permits which are issued upon application by Reading Borough Council, charges apply, for an up to date list of charges please check reading.gov.uk "permit charges"

Property construction – Standard form
Services:
Gas - mains
Water – mains
Drainage – mains
Electricity - mains
Heating - Gas central heating

Broadband connection available (information obtained from Ofcom):
Superfast - Fibre to the cabinet (FTTC)

Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”

Agent Details

Haslams Estate Agents, Reading

0118 230 1217

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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