Westfield Road, Caversham, Reading, Berkshire, RG4

CALLING ALL INVESTORS: Parkers are proud to present a rarely available, fantastic turn key investment opportunity to purchase an impressive, fully occupied, five bedroom HMO that generates a total rent of £40,945.20 per annum resulting in a yield of 7.4%.

A substantial five double bedroom mid terrace HMO is being sold with NO ONWARD CHAIN and as an up and running HMO with all landlord fixtures, fittings and furniture included. The property is managed by professional, local HMO specialists and there is a licence for upto 6 occupants.

The property has undergone a full internal refurbishment in 2019 and the interior design is of an exceptionally high standard attracting the highest quality professional tenants. The property comprises of five double bedrooms, two of which benefit from modern ensuites, a contemporary communal shower room, a stunning open plan kitchen / dining area and a bright and airy communal lounge to the rear. The property also benefits from new double glazing, internal wall and loft insulation and an Inspire Landlord smart thermostat. To the rear is a west facing garden which has a brick built garden store and separate laundry room. There is further potential to add a 6th bedroom in the loft subject to any necessary consents.

The property is situated in the desirable location of Caversham which is within walking distance of Reading's main train station offering fast links into London, Reading Town Centre, and the beautiful River Thames parks. Caversham's town centre and its amenities are just a short 5-minute walk away. Viewing is highly recommended.

Council Tax Band C

We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 for a seller and £75 for a buyer (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.