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Underwood Road, Reading, Berkshire, RG30 - Image 1
Underwood Road, Reading, Berkshire, RG30 - Image 2
Underwood Road, Reading, Berkshire, RG30 - Image 3
Underwood Road, Reading, Berkshire, RG30 - Image 4
Underwood Road, Reading, Berkshire, RG30 - Image 5
Underwood Road, Reading, Berkshire, RG30 - Image 6
Underwood Road, Reading, Berkshire, RG30 - Image 7
Underwood Road, Reading, Berkshire, RG30 - Image 8
Underwood Road, Reading, Berkshire, RG30 - Image 9
Underwood Road, Reading, Berkshire, RG30 - Image 10
Underwood Road, Reading, Berkshire, RG30 - Image 11

Underwood Road, Reading, Berkshire, RG30

South East

£450,000
Listed on 17/10/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
509 sqft

Description

This semi-detached property, set on a corner plot, offers an ideal opportunity for those looking to invest in a family-friendly home with substantial renovation potential. With four bedrooms and expansive living spaces, the layout is well-suited for both personal comfort and future development. Upon entering the property, you are greeted by a dedicated hallway that leads to a spacious living room, featuring large windows that enhance natural light and provide views of the front garden. The cozy stone electric fireplace adds character to the space, which flows seamlessly into a dining area that comfortably accommodates a six-seater table. This open-plan feel can be further amplified by reconfiguring the existing kitchen layout, which already has ample worktop and cupboard space along with access to the garden. Upstairs, the accommodation includes a generously sized main bedroom overlooking the front, complemented by two additional double bedrooms and a single bedroom equipped with fitted storage. The family bathroom features a classic three-piece suite with a shower over the bath, and there are built-in storage solutions throughout as well as loft access, providing additional utility. The outdoor space includes a patio area running along the width of the house, leading to a raised lawn and shed. Side access not only enhances convenience but also opens avenues for extension possibilities (subject to planning permissions), making it an attractive prospect for those interested in increasing their investment potential. Located on Underwood Road, this home benefits from proximity to Kennet Valley Primary School and Kings Academy Prospect, both within walking distance. Families will appreciate nearby parks and recreational areas such as Prospect Park, offering various activities and scenic walks along the river Kennet. Local amenities are easily accessible with supermarkets just around the corner, while commuters will find direct bus routes to Reading town center conveniently close. This property represents an excellent opportunity for buyers looking to create their dream home in an appealing neighborhood with solid investment prospects.

Investment Analysis

(RG30 area)

Above Market Value

This property is priced +132.7% above area average per sq ft

+132.7%
This Property
£884/sq ft
Area Average
£380/sq ft
Avg Rent (weekly)
£307
Avg Yield
4.9%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£212,734
10% above area average per sq ft
Potential ROI
-54.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (RG30)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 7.5%
5 year growth: 18.8%
Investment Disclaimer: Analysis based on RG30 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

Underwood Road, Reading, Berkshire, RG30
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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
£1,648
Based on a loan of £337,500 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