Sulhamstead Road, Burghfield, Reading, Berkshire, RG30

Property Details: - Type: Detached house - Bedrooms: 8 - Bathrooms: 8

Agent: Martyn Russell Property Services - Reading Phone: 0118 443 3380

<strong>Investment Overview</strong><p><br/></p><p>The site is currently operated as a <strong>going concern</strong>, with <strong>seven of the eight units let</strong>, producing a strong and consistent income stream. When fully occupied, the site generates <strong>£78,960 per annum</strong>.</p><p><br/></p><p><strong>The property includes:</strong></p><p><br/></p><p>A converted main house arranged as five flats</p><p>Four ground floor flats (combined approx. 928 sq ft)</p><p>One first floor flat (approx. 492 sq ft)</p><p>Smith’s Lawns - a well-proportioned detached unit (approx. 936 sq ft) with its own garden</p><p>Pump Cottage with patio garden</p><p>Cabin Cottage with patio garden </p><p><br/></p><p>The site is serviced by an oil-fired system with three boilers, supplying multiple units.</p><p><br/></p><p><strong>Income & Opportunity</strong></p><p><br/></p><p>This is not just a steady income asset - there is clear upside.</p><p><br/></p><p>1 vacant unit ready for improvement and re-letting</p><p>Potential to increase rents through refurbishment and better presentation</p><p>Scope to reconfigure and optimise underperforming units</p><p><br/></p><p><strong>Development Potential (STPP)</strong></p><p><br/></p><p>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)</p><p>Potential to reconfigure garden areas (flats 5 & 7) to unlock further development space</p><p>Smith’s Lawns plot offers additional scope for another dwelling (subject to planning)</p><p><br/></p><p>For the right buyer, this is a hold and grow asset, not just a passive investment.</p><p><br/></p><p><strong>Location</strong></p><p><br/></p><p>Positioned on the edge of Reading, with easy access to:</p><p><br/></p><p>Burghfield village</p><p>Mortimer village</p><p>Local pubs and amenities</p><p>Easy access to M4 and AWE</p><p><br/></p><p>This is an area that continues to see consistent tenant demand, which will be strengthened by unit improvements over time.</p><p><br/></p><p><strong>Running Costs (2025–2026)</strong></p><p><br/></p><p>Water: £1,462 per annum</p><p>Insurance: £1,900 per annum</p><p>Oil: £2,790 per annum</p><p>Electric: £3,565 per annum</p><p>Window cleaning: £320 per annum</p><p>Gardening: £90 per annum</p><p>Wildlife control: £800 per annum</p><p><br/></p><p>Total: £10,927 per annum</p><p><br/></p><p><strong>Important Information</strong></p><p><br/></p><p>These figures are provided as a guide based on 2025–2026 ownership data.</p><p>Costs and returns may vary depending on management approach and usage.</p>