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Elm Lodge Avenue, Reading - Image 1

Elm Lodge Avenue, Reading

South East

£255,000
Listed on 19/02/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom Victorian cottage presents a compelling opportunity for those looking to invest in a property with significant renovation potential. As a probate sale, the home is offered with no onward chain, allowing for a straightforward acquisition process. The interior requires comprehensive refurbishment, offering the chance to personalize and modernize the space to meet contemporary living standards while retaining its original character. This property is ideal for investors or homeowners willing to undertake a project in the vibrant South East region.

Investment Analysis

(RG30 area)
Area Average
£380/sq ft
Avg Rent (weekly)
£317
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (RG30)

Area prices are stable by +0.5% over the last 12 months
3 year growth: +4.6%
5 year growth: +16.3%
Investment Disclaimer: Analysis based on RG30 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

Elm Lodge Avenue, Reading
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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
£920
Based on a loan of £191,250 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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