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Church Lane, Three Mile Cross, Reading, Berkshire, RG7 - Image 1
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Church Lane, Three Mile Cross, Reading, Berkshire, RG7

South East

£400,000
Listed on 27/03/2026

Property Details

Bedrooms
3
Type
Detached

Description

This detached house presents a rare opportunity for cash buyers, as it is being offered for sale for the first time in over seven decades. Set on a substantial plot of around 0.35 acres, this property reflects its Victorian heritage but is in need of significant structural attention due to subsidence issues stemming from its original foundation-less construction. The potential for redevelopment exists, subject to securing the necessary planning permissions, although potential buyers should be aware of its proximity to the AWE Exclusion zone, which may impact future uses or renovations. This could be an excellent investment for those looking to create value through refurbishment and possible expansion.

Investment Analysis

(RG7 area)
Area Average
£431/sq ft
Avg Rent (weekly)
£380
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (RG7)

Area prices are falling by -2.5% over the last 12 months
3 year growth: 0.0%
5 year growth: +6.4%
Investment Disclaimer: Analysis based on RG7 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

Church Lane, Three Mile Cross, Reading, Berkshire, RG7
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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
£1,443
Based on a loan of £300,000 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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