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Westlands Avenue, Reading

South East

£375,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
917 sqft

Description

This semi-detached home presents a valuable opportunity for those looking to invest or renovate. Comprising three bedrooms, a lounge, and an updated kitchen, the layout offers a traditional charm that could be enhanced with modern touches. The property is in decent cosmetic condition but holds significant potential for improvement, making it an ideal project for first-time buyers eager to create their ideal living space. Located in the Shinfield Rise area, this home benefits from proximity to local conveniences such as Tesco Express and various amenities. Public transportation options are within walking distance, ensuring straightforward access to Reading Town Centre. Additionally, major roadways including the M4 and A33 provide convenient routes to Basingstoke and beyond. The surrounding community is well-regarded for its educational offerings, with the property falling within both the Whiteknights catchment area and shared Maiden Erlegh/Bulmershe School zones. This makes it particularly appealing for families seeking long-term residence. The sizable garden and garage add further value to the property, offering outdoor space that could be transformed into an attractive landscape or recreational area while providing ample storage solutions. With thoughtful updates, this home has the potential not only for enhanced comfort but also increased market value. Overall, this property combines a strategic location with promising renovation possibilities—making it worth considering for both homeowners and investors alike.

Investment Analysis

(RG2 area)

Below Market Value

This property is priced -3.4% below area average per sq ft

-3.4%
Potential saving
This Property
£409/sq ft
Area Average
£423/sq ft
Avg Rent (weekly)
£400
Avg Yield
5.4%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£427,084
10% above area average per sq ft
Potential ROI
+10.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (RG2)

Area prices are falling by +5.8% over the last 12 months
3 year growth: -2.7%
5 year growth: 10.6%
Investment Disclaimer: Analysis based on RG2 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

Westlands Avenue, Reading
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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
£1,374
Based on a loan of £281,250 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