2 bedroom detached house

We are seeking best and final offers for this development opportunity by the 31st May 2024. An opportunity to acquire this former motorcycle workshop with planning approval in place to create a unique two bedroom detached home in Reading's sought after university area. The property is ideally located close to transport links, walking distance of the town centre and close to a good selection of local amenities, the University of Reading and the Royal Berkshire Hospital. The proposed two-bedroom home has an open plan living space on the ground floor, with fitted kitchen and a wc, a first floor bedroom with vaulted ceilings and an ensuite bathroom and a second bedroom in the basement, again with an ensuite bathroom and natural light being provided by a new light well and window. To the front of the property there is a courtyard garden and bicycle store.
Reading Borough Council have approved planning under planning application number 191875 for the alterations and refurbishment to enable the change of use to the existing former motorcycles workshop. This is a perfect opportunity for a self-builder or investor to create a unique and interesting home in an excellent location. Once complete, in our opinion the home's value will be in the region of £375,000 - £400,000.

Location:
Hatherley Road is located to the East of Reading Town Centre and runs off Erleigh Road to the north. The property is just before the junction with Addington Road. Set in the desirable University and under a mile from Reading train station. There is a multitude of local amenities including The Royal Berkshire Hospital, Reading University and an excellent range of schools including the highly acclaimed Reading Grammar School for boys, Kendrick girl's Grammar, Leighton Park, St Josephs and the Abbey public schools. The A329/M4 corridors are close by, serving excellent access to London.
There is a diverse range of property in the area including grand Victorian town houses, smaller terrace properties, classic Georgian buildings and modern homes and apartments. This diverse range of homes accommodates a diverse range of people, from students to young professionals, from families to doctors and hospital staff. The diversity, excellent local amenities and community and it's convenient location make the University area a great place to live.