5 Bed HMO, Reading, RG1 2QA, £500,000

Alpine Street, Reading, RG1 2QA - 2 views - 2 months ago

HMO
ROI: 3%
~178 m²
+11 photos

ValuationUndervalued











Cashflows























Property History

Listed for £500,000

February 12, 2025

Floor Plans

Description

  • Prime Investment Opportunity – High-Yielding 5-Bedroom HMO in Reading +
  • FREEHOLD NO CHAIN +
  • Excellent location within walking distance of Central Reading, Reading Station, University & easy access to Green Park, A33, M4 +
  • Strong Rental Income – £3,195 per month / £38,340 per annum with room for future growth +
  • Expertly converted in 2016 to provide high quality en-suite room facilities for 5 residents +
  • Fully Tenanted – Established rental history with professional tenants +
  • Gas Central Heating and Double Glazing throughout - EPC Rating Band C +
  • Sold as seen including all furniture, fixtures, fittings & appliances (full inventory list will be provided during sale) +

Prime Investment Opportunity – High-Yielding 5-Bedroom HMO in Reading Fully Tenanted & Mortgage-Ready Welcome to Alpine Street, a fully compliant and high-yielding 5-bedroom, 5-bathroom HMO property in the heart of Reading. This turn-key investment opportunity is fully let and generating strong rental income, making it an excellent choice for buy-to-let investors looking for immediate returns and room for growth. Converted in 2016, the property meets all HMO regulations, has an EPC rating of C, and the current owner holds a valid HMO license until 2029 (non-transferrable), therefore no known imminent upgrade costs will be needed to meet government standards. This property is fully occupied, each tenant has their own AST, making it a stress-free investment opportunity for investors looking for long-term capital growth and immediate income generation. Property Overview

  • 5 Large Double Bedrooms – All with ensuite shower rooms

  • Spacious Kitchen & Dining Area – Well-equipped communal space, inc a cloakroom

  • Private Rear Garden – Low-maintenance outdoor area for tenants inc storage shed

  • Modern Interiors – Neutral décor with contemporary furnishings

  • Fully Licensed HMO – Compliant with all current safety regulations

  • Proven Rental Demand – HMO’s in the area are popular among professionals and students

  • EPC rating C - Gas Central Heating, Large Unvented Cylinder water tank & Double Glazed windows, help to keep the utility bills down maximising returns.

  • Council Tax Band C

  • Water Softener to prolong the life of appliances and good selling point for residents

  • Well maintained - Current owner offers a cleaner twice monthly for the communal areas, meaning the space is well maintained and monitored

For further details and to book a viewing please contact us.

EPC Rating: C

Agent Details

Black & White Property Services, Reading

0118 230 7224

Next Steps?

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

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