8 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- Investment Opportunity with gross yield of 8.4%*
- Licensed HMO for 8 households/9 occupants
- 8 Rooms; Bathroom with shower; Shower and WC x2
- Motion sensor lighting to communal areas; Emergency lighting and fire alarm
- Tenants have individual electricity coin meters
- Shared garden; Walking distance to mainline station
Garden - There is a lawned garden for shared use with an area of timber decking.
Rental Yield - *The rooms are let with AST's on an individual basis which are now statutory periodic tenancies and the current rental is £3120 pcm which based on the asking price, represents a gross rental yield of 8.8%
Landlord pays for the following:
Council Tax is £2104
Water charge £571.76
Electricity-The cost for the communal areas is approximately £680pa
Additional Information: - Parking
On-street parking requires residents and visitors permits which are issued upon application by Reading Borough Council, charges apply, for an up to date list of charges please check reading.gov.uk "permit charges"
Part B
Property construction – Standard form
Services:
Water – mains
Drainage – mains
Electricity - mains
Heating - electric
Each room has an electric coin meter which the tenants are responsible for paying. The communal washing machine and dryer is key operated, which tenants pay to access. The owner pays for the water, council tax and electricity for the communal areas. RES service and maintain the fire alarm, extinguishers and smoke/heat detectors, and emergency lighting.
Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)
Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”
Part C
It has been noted that there are textured ceilings at the property. Up until 1985, low levels of asbestos were used in Artex. Since the age and type of texture used on the ceilings cannot be verified, the presence of asbestos cannot be confirmed.
The property is located in a conservation area.
The rear garden boundary has been altered and is as seen, a revised boundary plan will be provided by the vendors solicitors.
Property information from this agent
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Property reference 33462914. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Haslams Estate Agents - Reading.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 28, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 31, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on January 26, 2018 from 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.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.