Lot 8 - 85 Kensington Road, Reading, Berkshire, RG30 2SZ

  • Unconditional Online Auction Sale
  • Guide Price* : £390,000+
  • Bedrooms: 6
  • Bathrooms: 3
  • Reception Rooms: 1

A fully tenanted six bedroom, two bathroom HMO let to working professionals producing £48,060 per annum

Description

• Freehold mid-terrace HMO
• 6 bedrooms, 2 shared bathrooms and 1 ensuite
• Communal kitchen and reception room
• Benefits from a large rear garden
• Gross annual income of £4,005 per month / £48,060 per annum
• Impressive 12.3% yield on guide price

Location

Located on Kensington Road in West Reading, providing direct routes to Reading town centre, Royal Berkshire Hospital, and the University of Reading. Set within a popular residential area, the property is close to a range of local amenities including shops, schools, and parks.
The property is just a 10 minute walk to Reading West Station which serves Reading Central, Reading Green Park, Basingstoke and the South coast.
Trains from Reading Central run to London Paddington in 23 minutes, every 7 minutes.
The town centre is a 10 minute bus ride on Purple 17 or Sky Blue 15/17 routes running every 5 minutes.
Convenient access to the M4 to London or Bristol.

HMO Compliance

- HMO Licence
- Fire Risk Assessment
- Building Control Conditional Approval
- EICR (Electrical Installation Condition Report)
- Emergency Lighting Certificate
- Gas Safety Certificate
- Fire Alarm Test Certificate

Copies of these documents can be found within the legal pack

Accommodation

Room Number Floor Accommodation Tenancy Info Rent Per Annum
1 Ground HMO room with access to communal kitchen, reception room and bathroom 6 month AST starting from 1st September 2025 £8,400
2 Ground HMO room with access to communal kitchen, reception room and bathroom 6 month AST starting from 1st March 2024 £7,680
3 First HMO room with access to communal kitchen, reception room and bathroom 6 month AST starting from 15th June 2024 £8,700
4 First HMO room with access to communal kitchen, reception room and bathroom 6 month AST starting from 25th August 2023 £7,680
5 First HMO room with access to communal kitchen, reception room and bathroom 6 month AST starting from 1st April 2023 £6,600
6 Second Ensuite HMO room with access to communal kitchen and reception room 6 month AST starting from 1st May 2023 £9,000

Vendors Solicitor
Sham Michael
02032920669

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.

The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).

Please note that Lots may be sold or withdrawn prior to auction without prior notice.

Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.

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Financing

Looking to purchase at auction but need the right finance in place? We’ve partnered with Roma Finance to help our buyers secure fast and flexible funding solutions tailored for HMOs.

Get in touch with Roma Finance today to explore the best financing options for your next HMO purchase

HMO X - Roma Finance

Vendors Solicitor

Sham Michael
02032920669

Agreement Documents

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