Guide price
£1,000,000
(£363/sq. ft)
8 bed detached house for saleSulhamstead Road, Burghfield, Reading, Berkshire RG30
8 beds
8 baths
6 receptions
2,755 sq. ft
About this property
8-unit income-producing site - 0.3 of an Acre
Currently generating £78,960 per annum (fully let)
7 units let, 1 vacant - scope to increase income
Mixed unit types including flats and cottages
Oil-fired system serving multiple units
Opportunity to add 1–2 additional units (STPP)
Located near Burghfield & Mortimer villages
Strong local rental demand
Easy M4 and awe access.
Value-add opportunity through refurbishment and optimisation
Investment Overview
The site is currently operated as a going concern, with seven of the eight units let, producing a strong and consistent income stream. When fully occupied, the site generates £78,960 per annum
The property includes:
A converted main house arranged as five flats
Four ground floor flats (combined approx. 928 sq ft)
One first floor flat (approx. 492 sq ft)
Smith’s Lawns - a well-proportioned detached unit (approx. 936 sq ft) with its own garden
Pump Cottage with patio garden
Cabin Cottage with patio garden
The site is serviced by an oil-fired system with three boilers, supplying multiple units.
Income & Opportunity
This is not just a steady income asset - there is clear upside.
1 vacant unit ready for improvement and re-letting
Potential to increase rents through refurbishment and better presentation
Scope to reconfigure and optimise underperforming units
Development Potential (STPP)
Space within the grounds to create one or two additional units (as there once were two extra units that have been pulled down due to condition)
Potential to reconfigure garden areas (flats 5 & 7) to unlock further development space
Smith’s Lawns plot offers additional scope for another dwelling (subject to planning)
For the right buyer, this is a hold and grow asset, not just a passive investment.
Location
Positioned on the edge of Reading, with easy access to:
Burghfield village
Mortimer village
Local pubs and amenities
Easy access to M4 and awe
This is an area that continues to see consistent tenant demand, which will be strengthened by unit improvements over time.
Running Costs (2025–2026)
Water: £1,462 per annum
Insurance: £1,900 per annum
Oil: £2,790 per annum
Electric: £3,565 per annum
Window cleaning: £320 per annum
Gardening: £90 per annum
Wildlife control: £800 per annum
Total: £10,927 per annum
Important Information
These figures are provided as a guide based on 2025–2026 ownership data.
Costs and returns may vary depending on management approach and usage.
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