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George Street, Reading, Berkshire

South East

£300,000
Listed on 13/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
912 sqft

Description

Situated on the sought-after George Street in Reading, this two-bedroom terraced house with an additional study presents a prime opportunity for renovation and investment. The ground floor layout includes a cozy living room that flows into a separate dining area, both spaces ripe for modernization to enhance their functionality. The fitted kitchen, while practical with its storage and workspace, could benefit from updates to maximize usability and appeal. The private rear garden is a blank canvas for outdoor enhancements or landscaping, offering potential for added value.<br><br>On the first floor, you will find two spacious bedrooms along with a versatile study that can serve various purposes such as a home office or guest accommodation. The family bathroom is currently functional but could surely be improved to meet contemporary standards. With an excellent location just moments away from Reading town centre and convenient transport links, this property not only offers character but also strong potential for capital appreciation through thoughtful renovations. It's an ideal prospect for first-time buyers looking to make their mark or investors aiming to capitalize on the local rental market.

Investment Analysis

(RG1 area)

Below Market Value

This property is priced -19.7% below area average per sq ft

-19.7%
Potential saving
This Property
£329/sq ft
Area Average
£410/sq ft
Avg Rent (weekly)
£353
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£410,810
10% above area average per sq ft
Potential ROI
+20.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (RG1)

Area prices are rising by +3.7% over the last 12 months
3 year growth: -0.9%
5 year growth: 13.2%
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

George Street, 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
£1,099
Based on a loan of £225,000 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.

Next Steps

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