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Cressingham Road, Reading, RG2

South East

£350,000
Listed on 17/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1120 sqft

Description

Situated in the sought-after South Reading area, this extended semi-detached home offers a strategic location with easy access to the University of Reading and Junction 11 of the M4. The surrounding neighborhood boasts a variety of local amenities including retail parks, supermarkets, schools, and parks, complemented by a reliable bus service into Reading town centre. This property features three spacious bedrooms, a family bathroom, and three adaptable reception rooms alongside a kitchen—providing ample space for family living or work-from-home arrangements. While the home is in need of comprehensive refurbishment throughout, it presents an enticing opportunity for buyers to update and tailor it to their preferences. Additionally, there is significant potential for further extensions (pending planning permissions), making this property an appealing long-term investment prospect.

Investment Analysis

(RG2 area)

Below Market Value

This property is priced -26.8% below area average per sq ft

-26.8%
Potential saving
This Property
£313/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£393
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £55,000
Target Value
£526,310
10% above area average per sq ft
Potential ROI
+30.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (RG2)

Area prices are falling by -9.7% over the last 12 months
3 year growth: -6.5%
5 year growth: +5.7%
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

Cressingham Road, Reading, RG2
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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
£1,262
Based on a loan of £262,500 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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