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5 bedroom end of terrace house for sale

Carey Street, Reading, RG1

Sold STC £450,000

Property Description

Key features

  • Investment opportunity
  • Licensed HMO in town centre conservation area
  • One bedroom flat and a studio
  • Three bedsit rooms each with kitchenettes
  • Three parking spaces at rear
  • EPC ratings: D, E and F

Full description

Tenure: Freehold

An opportunity to acquire a licensed HMO in the Castle Street Conservation Area and within walking distance of the mainline station and Oracle development. The four storey end townhouse comprises a one bedroom flat, studio flat and three bedsits and is currently producing a gross income of £28,000 per annum.

Lower Ground Floor Flat
Kitchen/Sitting Room: 4.5m (14'9) x 3.81m (12'6)
Bedroom: 3.66m (12') x 2.72m (8'11)
Bedsit One 4.04m (13'3) x 3.78m (12'5)

Bedsit Two 3.81m (12'6) x 3.1m (10'2)

Bedsit Three 4.85m (15'11) x 3.99m (13'1)

Second Floor Flat
Studio: 4.5m (14'9) x 3.99m (13'1)
Kitchen: 3.68m (12'1) x 1.73m (5'8)
To the rear of the property are three parking spaces accessed via Anstey Road which can be rented out privately, as the current tenants do not have use of these spaces.

Please note: 25 Carey Street has a vehicular Right of Way across the car park.
Agents Note
All bedsits and flats are currently occupied by tenants on Assured Shorthold Tenancies on the following basis:
Lower ground floor flat AST expires December 2017
Second floor flat AST expires June 2018
All bedsit rooms are on Periodic Tenancies

Council Tax:
Tenants are responsible for payment of council tax band A with Reading Borough Council.
HMO Licence
The property is licenced by Reading Borough Council for 7 occupants. The HMO licence is valid until 11th December 2021.
Block viewing sessions, please call Haslams on 0118 960 1000 to arrange an appointment.

More information from this agent

Listing History

Added on Rightmove:
14 July 2017

Map & Street View

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