Alpine Street, Reading, RG1
Offers In Excess Of £330,000
Key Information
Key Features
Description
Welcome to this charming two-bedroom terraced home located in the heart of Reading. Set along the characterful Alpine Street, this property invites someone with vision to create a beautiful home tailored to their personal style. With vacant possession, you can move in and immediately start making it your own.
Step into the possibilities: As you walk through the front door, you're greeted by a cosy living room featuring a traditional brick fireplace – the perfect centrepiece for a snug winter evening. The separate dining room, flooded with natural light, offers a versatile space for hosting dinner parties or unwinding with family.
The kitchen, located at the rear of the property, provides a blank canvas for reimagining your dream cooking space. Beyond lies the garden – a private oasis with mature plants and a patio area, ideal for summer barbecues or morning coffee in the sun, with covered lean-to in the side return area ideal for storage or a utility area.
Upstairs, two generously sized double bedrooms offer plenty of potential, while the second-floor loft room provides additional storage or could be upgraded for use as a creative or work-from-home space.
Location: The Perfect Blend of Convenience
Alpine Street is superbly situated just a 15-minute walk (0.8 miles) from Reading Train Station, where fast trains connect you to London Paddington in as little as 23 minutes. The Oracle shopping centre, packed with high-street stores, riverside dining, and entertainment, is also just 0.7 miles away – a leisurely 10-minute walk.
For local transport, bus routes such as the 5, 6, and 24 are all within easy access, offering frequent services to Reading town centre, the University of Reading, and surrounding areas. Whether commuting, shopping, or heading out for the evening, you'll always be well-connected.
Why This Home Makes a Fantastic Investment
Having served as a rental home for one family over the last seven years, this property also presents a superb investment opportunity. With an achievable rental income of £1,300–£1,500 per calendar month, depending on the level of refurbishment, investors can expect a gross yield of 4.7–5.45% based on the asking price of £330,000.
Example ROI Calculation:
Gross Rental Yield: At ÂŁ1,300pcm, the annual rental income is ÂŁ15,600, offering a gross yield of 4.7%. At ÂŁ1,500pcm, the annual rental income is ÂŁ18,000, increasing the gross yield to 5.45%.
With minor refurbishment, this property has the potential to command higher rent, ensuring strong returns and long-term appreciation in value due to its desirable location and proximity to transport links.
Perfect for Buyers with Vision
This property is ideal for first-time buyers eager to create their dream home or investors seeking a high-demand rental property. The potential to enhance the space, combined with its characterful period features and exceptional location, makes this an opportunity not to be missed.
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