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See how verdicts work18-bed HMO + 3 × 6-bed house · RG1 4PS
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional mixed-use investment opportunity comprising two substantial two-storey buildings, configured as a 18 bedroom HMO plus 1 studio flat with additional commercial and office accommodation, 12 bathrooms and four kitchens, generating a reported annual income of £163,140.
Situated in a prime town centre location, this substantial investment property offers over 5,500 sq.
Ft of total floor space across two separate two-storey units, presenting an attractive opportunity for investors seeking a sizeable income-producing asset.
The residential accommodation is configured as 3 x 6 bedroom houses of multiple occupations (HMO) plus a studio flat, complemented by 12 bathrooms and four kitchens, providing extensive facilities across the residential units.
In addition, the ground-floor section of the front building incorporates six further rooms currently fully let on a long lease commercial spaces and offices, creating the potential for a diverse income stream through its combination of residential and commercial accommodation.
The two buildings are separated by a large communal courtyard, providing shared outdoor space between the units.
The property also benefits from four parking spaces, a valuable feature for a town centre investment.
With a reported total annual income of £163,140, the property presents an appealing proposition for investors looking to acquire a substantial mixed-use property with established income potential.
London Street is conveniently positioned for Reading town centre’s extensive range of shops, restaurants, leisure facilities, and amenities.
Reading railway station provides excellent transport connections, including services to London Paddington, while the town’s wider commercial and employment centres are readily accessible.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About London Street, Reading
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