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Reading, Berkshire, RG1

South East

£300,000
Listed on 17/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
925 sqft

Description

This three-bedroom terraced home is located in East Reading, offering convenient access to both the University and the Royal Berkshire Hospital. The property presents a unique opportunity for renovation, allowing new owners to tailor the space to their preferences and potentially increase its value. The layout includes two separate reception rooms, providing flexible living options that can be easily reimagined. Additionally, there's a ground floor bathroom that, while functional, could benefit from modern updates. The enclosed garden offers outdoor space for relaxation or future landscaping enhancements. Being sold with no onward chain simplifies the purchasing process, making it an attractive investment for those looking to either occupy or rent out. With the right vision and effort, this property could be transformed into a desirable residence in a sought-after area. Its proximity to local amenities and educational institutions further enhances its appeal as a long-term investment opportunity.

Investment Analysis

(RG1 area)

Below Market Value

This property is priced -20.8% below area average per sq ft

-20.8%
Potential saving
This Property
£324/sq ft
Area Average
£410/sq ft
Avg Rent (weekly)
£377
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£416,870
10% above area average per sq ft
Potential ROI
+22.6%
After renovation
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

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
£1,099
Based on a loan of £225,000 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.

Next Steps

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