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Addington Road, Reading, Berkshire - Image 1
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Addington Road, Reading, Berkshire

South East

£130,000
Listed on 27/03/2026

Property Details

Bedrooms
2
Type
Apartment
Area
633 sqft

Description

This two-bedroom flat offers a compelling opportunity for renovation enthusiasts and investors. Spanning approximately 633 sq ft, the property is currently vacant and in need of comprehensive refurbishment throughout. With an impressive remaining lease of around 240 years, the potential for value enhancement through modernisation is significant. The layout includes a reception room, kitchen, two bedrooms, and a bathroom, providing ample space adaptable to various buyer needs or rental markets. After renovation, it could yield an estimated rental income of approximately £1,350 per month. Located near key facilities such as the Royal Berkshire Hospital, University of Reading, and Reading’s vibrant town centre with its diverse shopping and dining options, this flat also boasts excellent transport links including fast services to London Paddington. Given its strategic position in the South East and the long-term prospects for appreciation post-renovation, this property stands out as a solid investment prospect.

Investment Analysis

(RG1 area)

Below Market Value

This property is priced -49.8% below area average per sq ft

-49.8%
Potential saving
This Property
£205/sq ft
Area Average
£409/sq ft
Avg Rent (weekly)
£335
Avg Yield
6.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£284,856
10% above area average per sq ft
Potential ROI
+58.3%
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

Addington 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
£469
Based on a loan of £97,500 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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