Franklin Street, Reading, RG1

An established four-bedroom HMO investment in a convenient central Reading location, generating £2,876 per calendar month and offered with tenants in situ.

Situated on Franklin Street, this four-bedroom shared property presents an attractive opportunity for investors seeking an established rental investment close to Reading town centre and its extensive amenities. Currently arranged as a house in multiple occupation (HMO), the property offers approximately 896 sq ft of accommodation across two floors and benefits from an existing rental income of £2,876 pcm.

The ground floor comprises a separate living room, providing a communal space for residents, alongside a fitted kitchen with a range of wall and base units, work surfaces and space for appliances. The property also benefits from a ground-floor shower room adjoining the first bedroom, providing practical facilities for shared accommodation.

The first floor offers three further bedrooms, together with an additional shower room. The layout provides four bedrooms in total, making the property suitable for its current shared-living arrangement.

Outside, the property benefits from a compact courtyard garden, offering a manageable outdoor space for residents.

Location and local amenities

Franklin Street is conveniently positioned for Reading town centre, with a wide selection of shops, supermarkets, cafés, restaurants and leisure facilities within easy reach. Reading's vibrant town centre also benefits from the Oracle shopping centre and a variety of entertainment options.

Reading railway station is accessible from the property, providing services to London Paddington, Oxford and other destinations, with Elizabeth line connections offering further links across London. Local bus services and road connections provide additional travel options for commuters and residents.

The surrounding area benefits from proximity to Reading's major employment centres, university and student population, helping to support demand for shared accommodation.

Additional information

• Current rental income: £2,876 per calendar month.

• Tenants in situ.

• Approximate total floor area: 896 sq ft (83.2 sq m).

• Construction: Standard form.

• Heating: Gas central heating.

• Services: Mains gas, electricity, water and drainage.

• Broadband: Ultrafast fibre-to-the-premises (FTTP) availability indicated by Ofcom.

• Mobile coverage: Buyers are advised to check the Ofcom coverage checker.

• Parking: On-street parking is subject to Reading Borough Council permit requirements and applicable charges.

• The property is situated within a conservation area.

An excellent opportunity to acquire an established four-bedroom HMO in a popular central Reading location, with existing tenants and an ongoing rental income.

Note: Prospective buyers should independently verify the current rental income, HMO licensing and compliance, tenancy arrangements, and any relevant planning or conservation requirements as part of their due diligence.

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.