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Falcon Avenue, Reading, Berkshire

South East

£385,000

Listed on 18/05/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
1195 sqft

Description

Situated on a desirable residential street, this three-bedroom end-of-terrace residence presents an exceptional prospect for individuals eager to add their personal touch. The property requires comprehensive modernisation, serving as a blank canvas with promising possibilities for enhancement, reconfiguration, and value addition. The ground floor features an entrance hall leading into a generously sized living/dining area and a separate kitchen that opens directly onto the rear garden. Moving upstairs, you'll find three adequately sized bedrooms along with a family bathroom. On the exterior, the home benefits from driveway parking at the front and a spacious rear garden—perfect for families or those seeking outdoor relaxation. As an end-of-terrace unit, there exists considerable potential for expansion (subject to planning permission), whether through side, rear, or loft extensions. Conveniently located close to local amenities, schools, public transport links, and Reading town centre, this property stands as a solid investment opportunity or renovation project in a highly sought-after locale. This is a unique chance to transform and enhance—prompt viewing is encouraged.

Investment Analysis

(RG2 area)

Below Market Value

This property is priced -23.4% below area average per sq ft

-23.4%
Potential saving
This Property
£322/sq ft
Area Average
£420/sq ft
Avg Rent (weekly)
£362
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£552,682
10% above area average per sq ft
Potential ROI
+24.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (RG2)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -4.9%
5 year growth: +4.2%
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

Falcon Avenue, Reading, Berkshire
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,374
Based on a loan of £288,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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