Description
Secure a below-market-value mixed-use block at 995–995A Oxford Road, Tilehurst, RG31 6TL. For a strike price of £1,050,000 (RICS value £1,300,000). This freehold asset delivers a 9.5% gross yield, 7.1% net yield, and £250,000 immediate equity.
Introduction
The Oxford Road Tilehurst investment presents a rare opportunity to acquire a newly redeveloped freehold block of 5 x one-bed apartments plus a 4-room HMO house, all finished to a high specification. Priced at a £1.05 M strike price—19.2% below its £1.3 M RICS valuation—this 9-unit portfolio offers immediate yield and equity. With total annual rent of £99,750 and conservative net operating expenses at 25%, investors achieve a net rental income of £74,813 p.a.. This turnkey asset suits buy-to-let portfolios seeking diversified income streams, strong capital growth potential in West Reading, and an attractive cash-on-cash return up to 7.1% (100% cash) or 6.4% (75% LTV mortgage).Description
Palace Auctions invites offers for a freehold block at 995–995A Oxford Road, Tilehurst. The property comprises:- 5 x newly refurbished 1-bed flats (approx. 450–500 sq ft each)
- 1 x 4-room HMO house (converted loft, communal kitchen/living)
- Total units: 9
- Total GIA: ~3,900 sq ft
Income & Yield Analysis
| Metric | Value |
|---|---|
| Strike Price | £1,050,000 |
| RICS Market Valuation | £1,300,000 |
| Immediate Equity Gain | £250,000 (23.8%) |
| Annual Rental Income (stated 9.5%) | £99,750 |
| Operating Expenses (25%) | £24,937 |
| Net Annual Income | £74,813 |
| Gross Yield | 9.5% |
| Net Yield | 7.1% |
 |
|
| Figure: Yield, cash-on-cash and 5-year total return projection |
Location & Amenities
- 🚆 Transport: Reading Station (Crossrail from 2024), easy M4 access
- 🛍️ Shopping: Tilehurst High Street, local supermarkets
- 🏫 Schools: Tilehurst Primary, Kendrick School catchment
- 🌳 Parks: Prospect Park, Christchurch Meadows
- 🍽️ Dining: Independent cafés on Bath Road
- 🚴 Cycle Routes: Thames towpath & Reading Green Park
Media Links
• Auction Calendar • How to Register to Bid • Reading Borough Council → https://www.reading.gov.uk/ • Rightmove Tilehurst Trends → rightmove.co.uk/house-prices/tilehurst. Next Steps:- Arrange a Viewing: Contact our Investment Team.
- Review Legal Pack: Verify titles, leases & EPC.
- Exchange Contracts: Secure this below-market opportunity.
