8 bedroom detached house for sale

Income Producing Site / 78,960 Fully Let / 8 Units On 0.3 Acre Plot (STPP Potential)Investment Overview The site is currently operated as a going concern, with seven of the eight units let, producing a strong and consistent income stream. When fully occupied, the site generates 78,960 per annum. The property includes: A converted main house arranged as five flats Four ground floor flats (combined approx. 928 sq ft) One first floor flat (approx. 492 sq ft) Smith’s Lawns - a well-proportioned detached unit (approx. 936 sq ft) with its own garden Pump Cottage with patio garden Cabin Cottage with patio garden The site is serviced by an oil-fired system with three boilers, supplying multiple units. Income & Opportunity This is not just a steady income asset - there is clear upside. 1 vacant unit ready for improvement and re-letting Potential to increase rents through refurbishment and better presentation Scope 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 space Smith’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. Location Positioned on the edge of Reading, with easy access to: Burghfield village Mortimer village Local pubs and amenities Easy access to M4 and AWE This is an area that continues to see consistent tenant demand, which will be strengthened by unit improvements over time. Running Costs (2025–2026) Water: 1,462 per annum Insurance: 1,900 per annum Oil: 2,790 per annum Electric: 3,565 per annum Window cleaning: 320 per annum Gardening: 90 per annum Wildlife control: 800 per annum Total: 10,927 per annum Important Information These figures are provided as a guide based on 2025–2026 ownership data. Costs and returns may vary depending on management approach and usage.