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Park Lane, Tilehurst, Reading, Berkshire, RG31

South East

£525,000
Listed on 30/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1834 sqft

Description

This detached bungalow offers a versatile layout with three spacious bedrooms, a bright main reception area, and a functional kitchen that opens up to an expansive 85ft rear garden. Set on a generous plot of approximately 0.18 acres, this property boasts significant potential for renovation and extension, making it an excellent investment opportunity for those looking to personalize their space. The interior is flooded with natural light, providing a blank canvas for updating finishes according to personal taste. Outside, the impressive garden not only serves as an ideal play area for children but also presents possibilities for creating distinct zones or outdoor entertaining spaces. Two outbuildings and a greenhouse currently provide additional storage options, with potential for conversion into usable workspace or hobby areas with some adjustments. The side garage and ample driveway parking enhance practicality for family living. With no onward chain, this property is positioned advantageously within the school catchment area for Little Heath secondary school and is conveniently located near public transport routes to Reading city centre.

Investment Analysis

(RG31 area)

Below Market Value

This property is priced -33.1% below area average per sq ft

-33.1%
Potential saving
This Property
£286/sq ft
Area Average
£428/sq ft
Avg Rent (weekly)
£346
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£863,044
10% above area average per sq ft
Potential ROI
+47.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
53%
Properties sold annually

Local Market Trend (RG31)

Area prices are rising by +4.1% over the last 12 months
3 year growth: +1.2%
5 year growth: +17.0%
Investment Disclaimer: Analysis based on RG31 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

Park Lane, Tilehurst, Reading, Berkshire, RG31
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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
£1,893
Based on a loan of £393,750 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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