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Cressingham Road, Reading, Berkshire

South East

£450,000
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1166 sqft

Description

This well-proportioned family home is located in a sought-after residential area of Reading and is offered with the benefit of vacant possession and no onward chain. The property, while spacious, provides an ideal canvas for those looking to invest in a renovation project to tailor it to modern tastes. Featuring a bright bay-fronted reception room, a separate dining area, and a functional kitchen, the ground floor is complemented by a convenient downstairs cloakroom and access to the rear garden. Ample storage space is also available along the side of the house. Upstairs, three generously sized bedrooms are accompanied by a family bathroom. The enclosed rear garden offers good outdoor space, while off-street parking for multiple vehicles enhances its practicality. This property presents significant long-term potential for new owners willing to add their personal touch.

Investment Analysis

(RG2 area)

Below Market Value

This property is priced -9.8% below area average per sq ft

-9.8%
Potential saving
This Property
£386/sq ft
Area Average
£428/sq ft
Avg Rent (weekly)
£376
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£548,889
10% above area average per sq ft
Potential ROI
+12.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (RG2)

Area prices are falling by -9.4% over the last 12 months
3 year growth: -6.7%
5 year growth: +4.7%
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, 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
£1,623
Based on a loan of £337,500 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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