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8 bed detached house
Sulhamstead Road, Burghfield, Reading, Berkshire RG30
£1,000,000
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Our Summary
- 7 units let, 1 vacant - scope to increase income
- Opportunity to add 1–2 additional units (STPP)
- 1 vacant unit ready for improvement and re-lettingPotential to increase rents through refurbishment and better presentationScope 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 spaceSmith’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
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Description
The property includes a converted main house arranged as five flats, covering approximately 1,420 sq ft, plus four ground floor flats (combined approximately 928 sq ft), one first floor flat (approximately 492 sq ft), Smith’s Lawns, a detached unit with its own garden (approximately 936 sq ft), Pump Cottage with a patio garden, and Cabin Cottage with a patio garden. The property is serviced by an oil-fired system with three boilers.