Purpose-Built Student Accommodation — Reading, Berkshire
79 Silver Street
Modern freehold PBSA investment. 61 bedrooms, freehold, built 2020 — producing approximately £836k anticipated net operating income at a £12,000,000 guide price.
Guide Price
£12.0m
£12,000,000
Anticipated NOI
£836k
2025/26 approx. £836,288
Indicative Yield
6.97%
Based on anticipated NOI
Bedrooms
61
60 studios + 1 apartment
Tenure
Freehold
Held freehold
Year Built
2020
Modern construction
Based on anticipated NOI of approximately £836,288 and a guide price of £12,000,000. Financial information is subject to purchaser verification and due diligence.
Investment Highlights
A modern, operational freehold PBSA asset in central Reading
Based on the anticipated operating information provided, the property offers investors a substantial existing income stream. All financial information is subject to purchaser verification and due diligence.
- Bedrooms
- 61
- Construction
- 2020
- Tenure
- Freehold
- Energy Performance
- EPC B
- Anticipated NOI
- £836k
- Guide Price
- £12m
- Location
- Central Reading
- Accommodation
- Studio-led
01
Modern operational PBSA investment constructed in 2020
02
61 high-quality student accommodation units
03
Freehold ownership
04
Strong studio-led room configuration
05
Residents' gym, cinema room, communal areas and courtyard gardens
06
Strategically positioned between Reading town centre and the University of Reading
07
Professionally operated student accommodation
08
Existing income-producing asset
Property Overview
The asset
79 Silver Street comprises a modern purpose-built student accommodation scheme constructed in 2020 and arranged over lower ground, ground and three upper floors.
The property provides 61 student accommodation units finished to a high modern specification, alongside a comprehensive amenity provision including a residents' gym, cinema room, games/common areas and landscaped courtyard gardens.
The property is held freehold and occupies a central Reading location providing convenient access to both the University of Reading and Reading town centre.
- Approximate GIA
- 1,458.5 sq m / 15,699 sq ft
- Approximate site area
- 0.244 acre
- EPC rating
- B
- Accommodation
- Studio-led, professionally managed
Financial Overview
Income and pricing
Guide Price
£12,000,000
Anticipated Gross Income
£1.142m
2025/26 approx. £1,141,609
Anticipated Net Operating Income
£836k
2025/26 approx. £836,288
Indicative Yield
6.97%
Based on anticipated NOI
Historic Net Operating Income
£783k
2024/25 approx. £782,884
Gross income
2024/25£1,083,312.502025/26 anticipated£1,141,609Operating costs
2024/25£270,805.252025/26 anticipated£305,321Other costs
2024/25£29,623.152025/26 anticipatedIncluded aboveNet operating income
2024/25£782,884.112025/26 anticipated£836,288
Indicative yield based on anticipated NOI. Based on anticipated NOI of approximately £836,288 and a guide price of £12,000,000. Financial information is subject to purchaser verification and due diligence. The 2024/25 operating position comprises gross income of £1,083,312.50, NOI costs of £270,805.25 and other costs of £29,623.15.
Accommodation & Amenities
Studio-led accommodation with a broad amenity offer
The property comprises 61 student accommodation units with a strong concentration of self-contained studios.
The scheme includes a range of room categories, from Classic Studios through to larger premium and deluxe accommodation. Rooms vary in size, with typical studios of approximately 20 sq m to 30 sq m and certain larger units extending beyond this.
Studios generally include a double bed, private bathroom, private kitchen or kitchenette with oven, hob, microwave and fridge/freezer, together with storage, wardrobe, desk, desk chair, television and modern finishes.
- Residents' gym
- Cinema room
- Games / common room
- Landscaped courtyard
- Cycle storage
- Reception
- Laundry facilities
- Fully furnished studios
- Private kitchen facilities
- Private bathrooms
- Study / workspace within bedrooms
Location
Reading, Berkshire
Reading is one of the principal commercial and educational centres within the Thames Valley. The town benefits from excellent connectivity to London via Great Western Railway and the Elizabeth line, while the University of Reading provides a substantial underlying student population. 79 Silver Street occupies a central position allowing students convenient access to university campuses, Reading town centre, retail, leisure and transport infrastructure.
Reading town centre
Approximately 0.7 miles
Reading railway station
Approximately 0.7 miles
University of Reading — London Road Campus
Very close to the property
University of Reading — Whiteknights Campus
Approximately 1 mile
London Paddington
Approximately 23–25 minutes by direct train from Reading
Heathrow / M4 corridor
Strong road connectivity via the M4
Reading Student Market
Established higher-education demand
- The University of Reading is one of the principal universities in the South East.
- Reading has an established student accommodation market supported by the University of Reading and a range of other educational institutions.
- The wider Reading student population supports established demand for student accommodation.
- The property benefits from proximity to the University of Reading.
- International students form an important component of the Reading student market.
- Modern studios and strong amenities make the scheme particularly relevant to students seeking higher-quality accommodation.
Investment & Transaction Information
Summary of terms
- Property
- 79 Silver Street, Reading, RG1 2SU
- Asset
- Purpose-Built Student Accommodation
- Tenure
- Freehold
- Bedrooms
- 61
- Year Built
- 2020
- EPC
- B
- Guide Price
- £12,000,000
- Operational Status
- Operational Student Accommodation
- Further Information
- Available upon request
Enquiries
Enquire about 79 Silver Street.
For further information, access to the data room or to discuss the investment opportunity, contact OTAM Property Group.
Information displayed on this website is provided for general information and discussion purposes only and does not constitute investment advice, an offer, representation or contract. All information relating to opportunities should be independently verified by prospective purchasers and their professional advisers.