4-bedroom semi-detached house · RG1 7NR
Listing removedListed 141 days
Opportunity summary
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About
For Sale By Public Auction (unless sold beforehand) Probably July 2026 4 storey house, currently converted to provide 2 independent self contained apartments Just over ½ mile from the town centre and less than 1 mile to the railway station Requires some expenditure Suitable for ongoing occupation as 2 independent units, conversion back to a single unit or maybe conversion to an HMO.
1 James Street – Ground and Lower Ground floor - 2 bedrooms, bathroom, reception room and kitchen Energy Performance Certificate: Band E 1A James Street – First and second floor - 2 bedrooms, bathroom, reception room and kitchen Energy Performance Certificate: Band E 2/3 car parking spaces , small garden Predicted Broadband Speeds: Ultrafast highest download 1800Mbps, Ultrafast highest upload 220Mbps A semi-detached house occupying a prominent position on the corner of George Street and James Street.
Formerly known as 9 George Street with retail on the ground floor, storage behind and residential above.
Many years ago the property was converted to 2 self contained flats, each approached from James Street, hence the new address.
Until recently the property had been Let for many years but is now available with vacant possession.
The most likely alternatives include improving the existing accommodation and re-Letting or selling as 2 individual self contained apartments, conversion to a single residential unit or conversion to an HMO, subject to obtaining a licence.
The property is situated just off the Oxford Road and is within ½ mile of Friar Street which forms part of Reading town centre.
The railway station is less than 1 mile with alternative services into London including Waterloo, Paddington and the Elizabeth line.
There are also services to the west of England, South Wales, Midlands, north of England and Scotland.
1A James Street – First and Second floor Second floor Landing: Bedroom 1: 13’4 x 11’9 double aspect,electric storage heater, cupboad with hot water tank Bedroom 2: 11’9 x 7’4 with electric storage heater, part scaled ceiling First floor approached through private gate which also leads to secure garden, staircase to first floor Landing: Kitchen: 9’9 max x 8’ stainless steel sink unit, adjoining worktop, double wall mounted cupboard, space for cooker and fridge/freezer, plumbing for washing machine, window overlooking rear garden Bathroom: modern white suite comprising panelled bath, mixer tap and hand shower, pedestal wash hand basin, low level WC, part tiled walls, extractor fan Inner Hallway: understairs cupboard Reception Room: 11’9 x 11’9 double aspect room, 2 double built in wardrobes 1 James Street – Ground and Lower Ground floor Ground floor 3 steps up to the front door Entrance Hall: storage heater Reception Room: 12’3 x 12’ storage heater, cupboard with hot water tank Bedroom 1: 11’10 x11’6double aspect,2 full height double built in wardobes, part shelved, storage heater Lower Ground Floor/Basement Bedroom 2: 11’10 x 11’6door to outside, cupboard housing electricity meter, storage heater, shelving in recess Hallway: electric storage heater Kitchen: 11’9 x 6’9 worktop with inset stainless steel sink unit, cupboards below, plumbing for washing machine, worktop with inset electric 4 ring hob and oven below, further worktop with cupboards below and above, space for fridge/freezer, tiled floor Inner Hallway: Bathroom: white suite of panelled bath, mixer taps and hand shower, pedestal wash hand basin, low level WC, walls fully tiled Car Parking: There is a small parking space fronting George Street and there are 2 parking spaces (although a little shorter than standard depths) with direct access from James Street.
The sellers’ have applied for a licence for a drop kerb. Gardens: There is an enclosed rear garden/courtyard with access adjoining the entrance to 1A James Street.
SERVICES: Mains water, electricity and drainage are connected to each property COUNCIL TAX: 1A James Street -Band B 1 James Street– Band B LOCAL AUTHORITY: Reading Borough Council VIEWING: Only by appointment with the Owner’s Sole Agents & Auctioneers, Martin & Pole Wokingham Tel: Email:
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
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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.
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