The Grove, Reading, Berkshire, RG1

An exciting opportunity to acquire this end of terrace Victorian home with planning approval to convert into two 2 bedroom apartments. The property is conveniently located in the Eldon Square conservation area, a short walk Reading Station, the Royal Berkshire Hospital and the University of Reading. The property gives the new owner the opportunity to convert into two apartments or refurbish the existing home to create a spacious home in a great location. Conversion apartments in this location are highly sought after by both owner occupiers and rental homes for an investor. The 100ft. (30 Mtrs) rear may offer further opportunity to develop subject to the usual planning consents or simply create a great outside space and/or off road parking for an apartment conversion or refurbished family home. The existing house which offers approximately 1000 sq. ft. (93sq. mtrs) of living accommodation is in a dilapidated conditions and could be restored or converted in line with the planning consent and consist of two ground floor reception rooms with a kitchen and wc to the rear which form part of an extension and two bedroom and bathroom on the first floor. Full planning information can be found on Reading Borough Council's planning portal under planning application number 211869. This project would suit an investor wishing to add to a rental portfolio and generate in the region of £36,000 per annum rental income (based on two apartments at £1500 per month rent) or more if the garden is developed or someone wishing to create a lovely home with scope to add value.

Location:
The Grove is a no through road in the Eldon Square Conservation area and is located off South Street on its North and dog-legs around to Watlington Street into which it has pedestrian access only. Set on the southern side of the Town Centre, a short walk to the Oracle and Kennet and Avon Canal.
Reading is one of the south east's largest towns only 25 minutes from London by train, with trains running every five minutes or so, Reading is home to many of the city's commuters. Reading also has easy links by road or rail to Swindon, Oxford, Basingstoke, Heathrow and farther afield. Beyond the hive of commercial activity, Reading is nestled in the heart of Royal Berkshire offering beautiful riverside walks on the Thames and tow path ambles on the Kennet and Avon canals and with the nearby Berkshire Downs and Chilterns, beautiful countryside is never far away. Reading offers a rich mix of shops and markets. In the heart of the town, The Oracle combines chic boutiques with department stores such as Debenhams and House of Fraser and within a minute's walk there are many high-street favourites including John Lewis and Marks & Spencer. There are restaurants, cafes and brasseries to suit every taste in Reading. Plus there are numerous bars and restaurants on the Oracle Riverside.