£475,000
5 bed semi-detached house for saleLorne Street, Reading, Berkshire RG1
5 beds
2 baths
2 receptions
EPC Rating: D
Freehold
About this property
Investment Opportunity
Currently achieving a 8.3% gross yield
Licensed 5 bedroom HMO
High specification throughout
Walking distance of Reading West and Mainline stations
Close to local amenities
Property description
An opportunity to acquire a well-maintained investment property on the western edge of the town centre and close to Reading West station. The 5 bedroom licensed HMO features two modern shower rooms, alongside a contemporary fitted kitchen/living/dining room. The property has been upgraded to a high standard and is currently achieving a gross income of £3275 pcm.
Ideally positioned for the mainline station and local bus routes with local amenities within walking distance, the property will appeal to investors who are looking for a proven rental income.
Local information
West Reading, situated west of the town centre, is a vibrant community centred around Bath Road, Tilehurst Road, and Oxford Road. The area features excellent schools such as Wilson Road Primary and St Edward’s Prep. Oxford Road buzzes with diverse shops and restaurants. The newly refurbished Reading West train station (2023) provides easy access to Newbury and London, complemented by key bus routes connecting the entire area. A favourite among families and professionals, West Reading also boasts beautiful outdoor spaces like Prospect Park, perfect for family outings and relaxation.
Outside space
Driveway parking for one car. At the rear there is low maintenance garden with a patio.
Additional information
Mains gas, electric and water.
Council tax band C.
Conveyancing
We work with dt Conveyancing to help you buy your property with confidence. Your dedicated conveyancer will keep you informed at every stage from start to finish. Making your move a stress-free and straightforward as possible.
Mortgages
your home may be repossessed if you do not keep up repayments on your mortgage
Exclusive deals are made available to Embrace Financial Services by primis Mortgage Network, to which Embrace Financial Services are an Appointed Representative
Davis Tate Limited is an Introducer Appointed Representative of primis Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.
Embrace Financial Services Ltd. Is an Appointed Representative of primis Mortgage Network, a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.
Lettings and management
We offer a complete range of services for Landlords, from fully managed lets to advertising only. Each Landlord who chooses full management has a personal Property Manager and all our fees are based on a ‘no let - no fee’ basis.
Disclaimer
These particulars are a general guide only. They do not form part of any contract. Services, systems and appliances have not been tested.
Buyers information
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £78 including VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.
Referral fees
We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Davis Tate.
DRE250504/
An opportunity to acquire a well-maintained investment property on the western edge of the town centre and close to Reading West station. The 5 bedroom licensed HMO features two modern shower rooms, alongside a contemporary fitted kitchen/living/dining room. The property has been upgraded to a high standard and is currently achieving a gross income of £3275 pcm.
Ideally positioned for the mainline station and local bus routes with local amenities within walking distance, the property will appeal to investors who are looking for a proven rental income.
Local information
West Reading, situated west of the town centre, is a vibrant community centred around Bath Road, Tilehurst Road, and Oxford Road. The area features excellent schools such as Wilson Road Primary and St Edward’s Prep. Oxford Road buzzes with diverse shops and restaurants. The newly refurbished Reading West train station (2023) provides easy access to Newbury and London, complemented by key bus routes connecting the entire area. A favourite among families and professionals, West Reading also boasts beautiful outdoor spaces like Prospect Park, perfect for family outings and relaxation.
Outside space
Driveway parking for one car. At the rear there is low maintenance garden with a patio.
Additional information
Mains gas, electric and water.
Council tax band C.
Conveyancing
We work with dt Conveyancing to help you buy your property with confidence. Your dedicated conveyancer will keep you informed at every stage from start to finish. Making your move a stress-free and straightforward as possible.
Mortgages
your home may be repossessed if you do not keep up repayments on your mortgage
Exclusive deals are made available to Embrace Financial Services by primis Mortgage Network, to which Embrace Financial Services are an Appointed Representative
Davis Tate Limited is an Introducer Appointed Representative of primis Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.
Embrace Financial Services Ltd. Is an Appointed Representative of primis Mortgage Network, a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.
Lettings and management
We offer a complete range of services for Landlords, from fully managed lets to advertising only. Each Landlord who chooses full management has a personal Property Manager and all our fees are based on a ‘no let - no fee’ basis.
Disclaimer
These particulars are a general guide only. They do not form part of any contract. Services, systems and appliances have not been tested.
Buyers information
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £78 including VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.
Referral fees
We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Davis Tate.
DRE250504/
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