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Town Centre - Franklin Street, Reading, RG1

PROPERTY TYPE

Terraced

BEDROOMS

4

BATHROOMS

2

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Floorplan 1
1

Key features

  • Marketed by Kiel Holder **CHECK OUT THE VIDEO TOUR**
  • Four Bedroom HMO INVESTMENT Opportunity
  • Gross Rental Income of £2,876 Offering Gross Yield of 9.2%
  • All Bills Included within the Tenants Rents and Paid by the Landlady
  • Low maintenance Courtyard Garden
  • En Suite to Downstairs Bedroom
  • Not Within Article 4 Direction
  • No Licence Required
  • Victorian Terrace

Description

Kiel's view
I'm delighted to present this versatile four-bedroom Victorian mid-terraced investment HMO property in the sought-after Franklin Street, RG1. Currently arranged as an HMO that does not require a licence, this property is an excellent choice for both seasoned and first-time investors seeking a strong rental yield in a high-demand location.

The ground floor offers a spacious double bedroom with en suite shower room, ideal for tenants seeking privacy, plus a separate reception room and a generous kitchen to the rear, opening onto a low-maintenance courtyard garden. Upstairs, you’ll find three further double bedrooms and a shared family-sized bathroom.

With a proven track record as a rental property, this property in Franklin Street presents an immediate income opportunity as a fully functioning HMO. For those thinking longer term, the flexible layout could be reconfigured into a stylish family home or a modern professional house share to maximise rental returns. Gross Rental income as of 4th August 2025 is £2,876.00. All Bills Included within the Tenants Rents and Paid by the Landlady.

Area View
Franklin Street enjoys a prime position just 0.5 miles from Reading town centre and the mainline railway station, putting London Paddington within 25 minutes via the Elizabeth Line and fast GWR services. The property is well-served by local bus routes, cycle paths, and is within walking distance of Oracle shopping centre, Broad Street Mall, Forbury Gardens, and an array of independent cafés, bars, and restaurants.

For day-to-day convenience, you’ll find supermarkets, gyms, and leisure facilities close by. Reading University and Royal Berkshire Hospital are also easily accessible, making this location particularly attractive for professional tenants and students alike.

Whether you’re looking for a property with immediate rental income or one with excellent capital growth prospects in a regenerating town, this home in the heart of Reading ticks all the boxes.

The KLIC - Investor Information
Gross Yield of 9.2%
*Awaiting further information from the seller re outgoing costs to calculate the Net Yield returns.

Brochures

Brochure 1
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
On street
GARDENA property has access to an outdoor space, which could be private or shared.
Back garden
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Town Centre - Franklin Street, Reading, RG1

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About Avocado Property, Covering South East

Covering South East

Much like a version of how 'real estate' works in the US, the avocado brokerage guarantees that every client will directly work with the business owner. Each partner agent becomes your personal agent and is committed to working with a small exclusive amount of clients.

Our agents conduct the initial valuation, create the bespoke marketing campaign, film your property video, conduct all the viewings, negotiate each offer on your behalf, and personally handle the legal process. Just you and us.

We're a group of fun, passionate people on a mission to create an enjoyable experience all round. If we didn't, we'd be wearing suits and leaflet dropping! Not that there's anything wrong with that, we just happen to know there's a better way!

The impact of this moment in time isn't lost on us, so whether you need us on hand to guide you through your exciting purchase, hold your hand through daunting negotiations or celebrate with you as we hand over your new keys, don't worry, we've got your back.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£1,745
We think you can borrow up to
Add your household income above
Powered bynationwideThe Nationwide Logo represents a symbol of financial strength and community, empowering members to achieve their goals
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference VCD_KLH_LFSYCL_699_934435497. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Avocado Property, Covering South East. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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