12-bedroom house · RG2 0JA
For saleReduced £50k (−5.3%) on 3 JulListed 164 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain complications Set to the South of Reading and within easy reach of both Wokingham and Reading town centres, this well-established detached HMO generates an annual income of £98,000 per year.
The property is split into two flats each comprising of 6 bedrooms. There is also scope for bringing into use a 7th bedroom in the upstairs flat subject to planning / HMO licensing.
Ideal for an investment buyer looking to add to their portfolio, the accommodation is set over three floors and briefly comprises: Twelve bedrooms, twelve bath/shower rooms and a modern kitchen and communal living space.
Externally, there is ample driveway parking and side access, whilst to the rear, there is a large garden, external office and detached double garage which could be converted in to a self-contained studio, which would then generate additional income.
Close to Reading mainline railway station and a host of shops and other transport links, the property is perfect for commuting into the city.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 313, Basingstoke Road, Reading
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