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Little Heath Road, Tilehurst, Reading

South East

£700,000
Listed on 22/06/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1843 sqft

Description

This detached bungalow presents a compelling opportunity for renovation and investment. While the property requires some modernization, its inherent potential is significant, particularly given its location. Conveniently situated near public transport links, schools, and local amenities, this home is well-suited to families seeking accessibility and community resources. The layout features three generously sized bedrooms, with one benefiting from built-in wardrobes that enhance storage solutions. The reception room stands out with large windows that invite plenty of natural light, creating a welcoming atmosphere complemented by a charming fireplace. The wooden flooring throughout adds character and warmth to the living space. The kitchen offers not only functionality but also a bright dining area that serves as an ideal setting for family meals. Its design allows for customization, making it possible to create a personalized culinary space. Additional highlights include ample parking options and a well-maintained garden that provides both convenience and outdoor relaxation. The single garage adds further practicality to the property. Given these attributes, this bungalow holds considerable appeal for those looking to invest in a property with strong renovation potential in a desirable location. Early viewings are advisable to fully appreciate what this home has to offer.

Investment Analysis

(RG31 area)

Below Market Value

This property is priced -10.7% below area average per sq ft

-10.7%
Potential saving
This Property
£380/sq ft
Area Average
£425/sq ft
Avg Rent (weekly)
£336
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£862,109
10% above area average per sq ft
Potential ROI
+14.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (RG31)

Area prices are rising by +3.7% over the last 12 months
3 year growth: 2.5%
5 year growth: 21.1%
Investment Disclaimer: Analysis based on RG31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Little Heath Road, Tilehurst, Reading
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £525,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE