Worst House on the Street Logo
16 & 16a Norcot Road, Reading, Berkshire, RG30 - Image 1
16 & 16a Norcot Road, Reading, Berkshire, RG30 - Image 2
16 & 16a Norcot Road, Reading, Berkshire, RG30 - Image 3
16 & 16a Norcot Road, Reading, Berkshire, RG30 - Image 4
16 & 16a Norcot Road, Reading, Berkshire, RG30 - Image 5
16 & 16a Norcot Road, Reading, Berkshire, RG30 - Image 6
16 & 16a Norcot Road, Reading, Berkshire, RG30 - Image 7
16 & 16a Norcot Road, Reading, Berkshire, RG30 - Image 8
16 & 16a Norcot Road, Reading, Berkshire, RG30 - Image 9
16 & 16a Norcot Road, Reading, Berkshire, RG30 - Image 10
16 & 16a Norcot Road, Reading, Berkshire, RG30 - Image 11

16 & 16a Norcot Road, Reading, Berkshire, RG30

South East

£350,000
Listed on 08/01/2026

Property Details

Bedrooms
N/A
Type
Terraced house
Area
1900 sqft

Description

This freehold investment presents a unique opportunity for developers and investors in Tilehurst, Reading. The property consists of two commercial premises: a rented beautician's shop at 16 Norcot Road generating £11,000 annually, and a vacant two-storey office at 16A Norcot Road with an estimated rental value of £18,000 per year. The combined potential rental income stands at £29,000 per annum. Additionally, the site features a rear garden and container storage equipped with power, enhancing its usability. There is significant development potential (subject to planning) for converting the space into residential or mixed-use units, making this property particularly appealing for those looking to maximize investment returns. The total area covers approximately 1,900 sq.ft (176 m²), offering ample room for innovation and improvement.

Investment Analysis

(RG30 area)

Below Market Value

This property is priced -51.4% below area average per sq ft

-51.4%
Potential saving
This Property
£184/sq ft
Area Average
£379/sq ft
Avg Rent (weekly)
£316
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£792,215
10% above area average per sq ft
Potential ROI
+93.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (RG30)

Area prices are stable by +0.1% over the last 12 months
3 year growth: 5.1%
5 year growth: 16.5%
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

16 & 16a Norcot Road, Reading, Berkshire, RG30
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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