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Falcon Avenue, Reading, Berkshire - Image 1
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Falcon Avenue, Reading, Berkshire

South East

£385,000
Listed on 06/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1195 sqft

Description

Situated on a well-regarded residential street, this three-bedroom end-of-terrace home presents a compelling opportunity for those looking to personalize and enhance a property. The residence requires comprehensive modernization, offering a fresh canvas ideal for reconfiguration and value addition. The ground floor consists of an entrance hall leading to a sizeable living/dining area and a separate kitchen with direct access to the rear garden. On the upper level, you'll find three generously sized bedrooms along with a family bathroom. The exterior features driveway parking at the front, complemented by a substantial rear garden—perfect for families or outdoor enthusiasts. Being an end-of-terrace property, it holds considerable potential for extension (subject to planning consent), whether through side, rear, or loft modifications. Conveniently located near local amenities, schools, transport links, and within easy reach of Reading town centre, this property stands as an excellent investment or renovation project in a desirable locale. A unique chance with significant potential—viewings are highly recommended.

Investment Analysis

(RG2 area)

Below Market Value

This property is priced -23.9% below area average per sq ft

-23.9%
Potential saving
This Property
£322/sq ft
Area Average
£423/sq ft
Avg Rent (weekly)
£400
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£556,559
10% above area average per sq ft
Potential ROI
+31.0%
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

Falcon Avenue, Reading, Berkshire
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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
£1,410
Based on a loan of £288,750 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