Lorne Street, Reading, RG1

PROPERTY DESCRIPTION
An opportunity to acquire a well-maintained investment property on the western edge of the town centre and close to Reading West station. The 5 bedroom licensed HMO features two modern shower rooms, alongside a contemporary fitted kitchen/living/dining room. The property has been upgraded to a high standard and is currently achieving a gross income of £3275 PCM.
Ideally positioned for the mainline station and local bus routes with local amenities within walking distance, the property will appeal to investors who are looking for a proven rental income.

LOCAL INFORMATION
West Reading, situated west of the town centre, is a vibrant community centred around Bath Road, Tilehurst Road, and Oxford Road. The area features excellent schools such as Wilson Road Primary and St Edward’s Prep. Oxford Road buzzes with diverse shops and restaurants. The newly refurbished Reading West train station (2023) provides easy access to Newbury and London, complemented by key bus routes connecting the entire area. A favourite among families and professionals, West Reading also boasts beautiful outdoor spaces like Prospect Park, perfect for family outings and relaxation.

OUTSIDE SPACE
Driveway parking for one car. At the rear there is low maintenance garden with a patio.

ADDITIONAL INFORMATION
Mains gas, electric and water.
Council tax band C.

Important information for potential purchasers
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

Buyer information
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a non-refundable charge of £78.00 including VAT. This does not increase if there is more than one individual selling. This will be collected in advance by Lifetime Legal as a single payment. Lifetime Legal will then pay Us £26.00 Inc. VAT for the work undertaken by Us.

Referral fees
We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Davis Tate. (Not applicable to the Woodley branch – please contact directly for further information).