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Pell Street, Reading, Berkshire

South East

£375,000
Listed on 05/02/2026

Property Details

Bedrooms
5
Type
Terraced house
Area
1237 sqft

Description

This expansive period home spans three levels, set in a sought-after central Reading location. While the property is being sold with no onward chain, it presents a significant opportunity for those looking to undertake comprehensive renovation work. Investors and developers will recognize the potential to upgrade this space, thereby enhancing its market value and rental appeal. The ground floor features a spacious bay-windowed living room, a separate dining area, a kitchen, and a bathroom, all leading to a private rear garden that could benefit from landscaping or improvements. There are possibilities to rework the layout into a more modern open-plan design or continue utilizing the property for multi-let purposes (subject to necessary permissions). On the first floor, there are four generously-sized bedrooms, complemented by an additional large double bedroom on the second floor—a configuration well-suited for families or continued investment. This property’s prime location offers easy access to Reading's vibrant town centre and mainline station, making it ideal for commuters to London Paddington and close to local business parks and amenities.

Investment Analysis

(RG1 area)

Below Market Value

This property is priced -26.1% below area average per sq ft

-26.1%
Potential saving
This Property
£303/sq ft
Area Average
£410/sq ft
Avg Rent (weekly)
£341
Avg Yield
6.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£558,159
10% above area average per sq ft
Potential ROI
+17.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (RG1)

Area prices are rising by +4.2% over the last 12 months
3 year growth: -1.0%
5 year growth: +13.0%
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

Pell Street, Reading, Berkshire
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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
£1,352
Based on a loan of £281,250 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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