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£1,700,000 Guide Price
Bedrooms
Galaxy Real Estate welcomes you to 200 Tilehurst Road, a beautifully converted detached property situated on an exceptionally large plot in one of Readings most in-demand residential areas. This rare investment opportunity features six self-contained flats, all finished to a high standard, with separate electric meters and individual council tax registrations.
" Property Highlights:
Freehold Detached Building (Un-Unbroken)
6 Self-Contained Flats (See measurements below)
High-Quality Finish Throughout
Side Access to Rear Garden
Significant Further Development Potential (STPP)
Generous Plot with Scope for Extension or New Build
Guaranteed Rent Offer of 9,500 PCM from Housing Association / Local Authority
Strong Local Rental Demand
Flat Measurements:
Flat 1: 48.3 sqm (519.9 sqft)
Flat 2: 56.6 sqm (609.2 sqft)
Flat 3: 30.5 sqm (328.3 sqft)
Flat 4: 33.7 sqm (362.7 sqft)
Flat 5: 34.8 sqm (374.6 sqft)
Flat 6: 56.1 sqm (603.8 sqft)
Development Scope:
With vehicular access to the rear, the expansive garden provides an ideal setting for further development, subject to planning permission (STPP). Potential options include additional flats, garden studios, or even a new-build detached home.
Location Benefits:
2 miles to Reading Town Centre
Under 30 minutes by train to Central London
Excellent transport links, including Reading West Station and major bus routes nearby
Easy access to the M4 corridor
Nearby Schools & Education:
Oxford Road Community School0.4 miles
The WREN School0.6 miles
Reading College & University of Reading1015 minutes by car
Ofsted-rated GOOD & OUTSTANDING schools in the catchment
, Local Amenities:
Prospect Park5-minute walk
Local shops, cafes & restaurants within walking distance
Tesco Express, Aldi & Waitrose all nearby
Broad Street Mall & The Oracle Shopping Centrea short drive away
Investment Appeal:
With an existing offer of 9,500 PCM guaranteed rent, this property provides a secure income stream and huge capital growth potential. The strong rental demand in Reading, driven by professionals, students, and commuters alike, makes this a turnkey investment with long-term security.
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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