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New Lane Hill, Tilehurst, Reading, RG30 - Image 1
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New Lane Hill, Tilehurst, Reading, RG30

South East

£1,000,000
Listed on 13/02/2026

Property Details

Bedrooms
5
Type
Detached house
Area
2107 sqft

Description

This substantial five-bedroom detached home, located in a desirable area of Tilehurst, presents an excellent opportunity for renovation and investment. Boasting a prime position close to Prospect Park and conveniently near local schools and amenities, this property offers both space and potential. The spacious ground floor includes a bright living room with expansive windows leading to the garden, a dedicated dining room perfect for gatherings, and a sizeable kitchen/dining area that can be modernized to suit contemporary family needs. An additional self-contained annexe with a wet room provides possibilities for rental income or guest accommodation. Upstairs, five double bedrooms await, including a master suite with an en-suite shower room and access to a private balcony overlooking greenery. While the existing bathrooms have been updated, there is scope to enhance them further. The expansive garden includes mature landscaping and spaces such as a greenhouse and summerhouse, which could benefit from refreshment or reimagining. The property also features driveway parking for several vehicles leading to an integral double garage, which has potential for conversion into additional living space (subject to planning permission). This home combines generous living areas with untapped potential for expansion or personalization—ideal for those looking to create their dream family home in a highly sought-after location.

Investment Analysis

(RG30 area)

Above Market Value

This property is priced +25.0% above area average per sq ft

+25.0%
This Property
£475/sq ft
Area Average
£380/sq ft
Avg Rent (weekly)
£317
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£879,799
10% above area average per sq ft
Potential ROI
-19.3%
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 +0.5% over the last 12 months
3 year growth: +4.6%
5 year growth: +16.3%
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

New Lane Hill, Tilehurst, Reading, RG30
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,607
Based on a loan of £750,000 over 30 years at 4.06% 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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