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Crown Street, Reading, Berkshire, RG1

South East

£479,500
Listed on 25/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This detached mixed-use property offers a unique opportunity for renovation and investment, featuring two-bedroom accommodation above a space that was previously utilized as a fish and chips shop. Conveniently situated along a busy main road approximately three miles from Reading Town Centre, the location benefits from high visibility and accessibility, drawing traffic from both surrounding commercial and residential areas. The ground floor contains a single-fronted retail space (approximately 17'11" x 16'2", totaling about 285 sq. ft.) equipped with the remnants of its former use—a fish and chips counter, including commercial kitchen elements like a potato peeler and an industrial chip maker. Adjacent to the retail area is a living room (approx. 15'06" x 11'06", around 175 sq. ft.) and an inner hall providing side access. The breakfast room/kitchen (approx. 12'8" x 10', roughly 125 sq. ft.) features fitted cupboards along with a walk-in pantry. On the first floor, you'll find two spacious bedrooms (Bedroom One: approx. 17'11" x 15'10"; Bedroom Two: approx. 16'1" x 11'6", both approximately 280 sq. ft.), alongside a compact bathroom (approx. 6'2" x 5'10") equipped with essential fixtures including a bath, wash basin, and toilet. The semi-basement area has limited headroom but comprises around 400 sq. ft., previously serving as preparation space for the fish shop—offering additional potential for storage or other uses. Externally, the property features a forecourt with parking for up to two vehicles and side access leading to an expansive rear garden area (approximately 5,900 sq. ft.). This space presents considerable development potential subject to obtaining appropriate planning permission. Recent updates include a new roof installed in July 2021, enhancing the property’s overall structure. The property has been held by the same ownership for over four decades and has not operated as a fish shop for roughly eight years, making this an ideal candidate for revitalization or conversion into new ventures tailored to current market demands. With an EPC rating of E-123 and a rateable value of £6,700—eligible for small business rate relief—this property invites creative visionaries looking to capitalize on its mixed-use capabilities in a prime location.

Investment Analysis

(RG1 area)
Area Average
£410/sq ft
Avg Rent (weekly)
£377
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (RG1)

Area prices are rising by +5.9% over the last 12 months
3 year growth: 0.3%
5 year growth: 14.4%
Investment Disclaimer: Analysis based on RG1 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 Street, Reading, Berkshire, RG1
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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
£1,757
Based on a loan of £359,625 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