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New Road, Reading

South East

£435,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
942 sqft

Description

This charming period property is situated in a desirable location within the Christchurch Conservation Area, offering a unique blend of character and investment potential. The home retains many original features such as stripped wooden floors, sash windows, period doors, and decorative picture rails, alongside an inviting fireplace that adds to its historic charm. The layout includes an entrance hall leading to a spacious lounge and dining room, both bathed in natural light from the sash windows. The dining area features a traditional fireplace with an open grate, while the kitchen provides practical amenities including work surfaces, cabinetry, and spaces for essential appliances. A convenient ground floor bathroom and separate WC enhance functionality. Upstairs, three well-proportioned bedrooms await, each boasting original details like stripped floors and picture rails. The first floor landing offers access to the loft space, presenting another opportunity for renovation or expansion. Externally, the property sits on a generous plot with a walled rear garden measuring approximately 50 feet. The garden features established shrub borders and mature trees, providing a private retreat that invites landscaping possibilities. A patio area is available for outdoor relaxation or entertaining. This home is ideally positioned near local amenities such as the University and Royal Berkshire Hospital, making it attractive for rental investors or families alike. Excellent transport links are also nearby; Reading mainline station is within easy reach along with quick access to major roads including the A329(M), M4, and A33. While the property does require modernisation throughout, this presents a valuable opportunity to tailor updates according to personal taste or market desirability—an ideal project for those looking to maximize its full potential without being tied into onward chain complications.

Investment Analysis

(RG1 area)

Above Market Value

This property is priced +12.7% above area average per sq ft

+12.7%
This Property
£462/sq ft
Area Average
£410/sq ft
Avg Rent (weekly)
£377
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£424,531
10% above area average per sq ft
Potential ROI
-12.5%
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

New Road, 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
£1,594
Based on a loan of £326,250 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