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London Road, Reading

South East

£250,000
Listed on 16/03/2026

Property Details

Bedrooms
6
Type
Terraced
Area
1529 sqft

Description

This expansive three-storey townhouse, previously utilized as a six-bedroom HMO, offers an exceptional investment opportunity in the sought-after Newtown area of Reading. Situated just east of the town centre and overlooking Palmer Park, the property enjoys advantageous access to public transport and local amenities. The interior layout features six letting rooms, two bathrooms, a communal kitchen, and a reception area spread across three floors. While it currently requires comprehensive refurbishment, this provides a remarkable chance for investors to enhance its value and restore it for HMO use or consider alternative layouts, pending necessary permissions. With no parking available on-site and essential services connected (mains gas, water, drainage, and electricity), this property presents a blank canvas for those looking to create a tailored living space in a convenient location with potential for significant returns.

Investment Analysis

(RG1 area)

Below Market Value

This property is priced -60.0% below area average per sq ft

-60.0%
Potential saving
This Property
£164/sq ft
Area Average
£409/sq ft
Avg Rent (weekly)
£335
Avg Yield
6.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£75,000 - £100,000
Target Value
£688,065
10% above area average per sq ft
Potential ROI
+96.6%
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
14%
Properties sold annually

Local Market Trend (RG1)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -1.1%
5 year growth: +12.4%
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

London Road, 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
£902
Based on a loan of £187,500 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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