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Crown Lane, Theale, Reading, RG7

South East

£370,000
Listed on 25/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1563 sqft

Description

This property presents a versatile investment opportunity situated in Theale, originally designed as a three-bedroom semi-detached home before being transformed into two separate rental apartments. The existing arrangement allows for immediate income generation while also offering various paths for future enhancement. With a sizeable detached garage that includes a shower room, there are ample opportunities to expand or convert this space further to increase value. Potential buyers might consider restoring the residence back to its original family home configuration, developing additional flats with the requisite planning permissions, or maximizing utility by extending or redeveloping the garage area. Located in a well-connected neighborhood, this property is conveniently near local amenities and transport links, appealing to both families and tenants. The property already has existing planning permissions that can be reviewed for further development prospects.

Investment Analysis

(RG7 area)

Below Market Value

This property is priced -45.4% below area average per sq ft

-45.4%
Potential saving
This Property
£237/sq ft
Area Average
£434/sq ft
Avg Rent (weekly)
£391
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£745,660
10% above area average per sq ft
Potential ROI
+62.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (RG7)

Area prices are falling by -4.4% over the last 12 months
3 year growth: -1.0%
5 year growth: +5.4%
Investment Disclaimer: Analysis based on RG7 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

Crown Lane, Theale, Reading, RG7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,334
Based on a loan of £277,500 over 30 years at 4.06% 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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