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53 Crown Street, Reading, RG1 2SN

South East

£479,500
Listed on 22/04/2026

Property Details

Bedrooms
N/A
Type
Commercial Development

Description

This property presents a valuable opportunity for investors or developers looking to capitalize on a prime location in Reading. It features a ground floor commercial space, previously used as a fish and chips takeaway, alongside four generously sized bedrooms located above. Offered with vacant possession, this asset allows for diverse options - whether to reactivate the current business model or explore alternative commercial uses, contingent on obtaining the necessary approvals. The surrounding area is experiencing continuous development, suggesting strong future demand and potential for price appreciation. Positioned prominently on a busy thoroughfare, the property enjoys high visibility from both vehicle and pedestrian traffic, with quick access to Reading town centre, the University of Reading, and the Royal Berkshire Hospital. Additionally, there are opportunities for further development pending planning permission. This property is an appealing prospect for those seeking to enhance their portfolio or embark on a renovation project.

Investment Analysis

(RG1 area)
Area Average
£408/sq ft
Avg Rent (weekly)
£329
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (RG1)

Area prices are stable by -0.1% over the last 12 months
3 year growth: -0.1%
5 year growth: +10.2%
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

53 Crown Street, Reading, RG1 2SN
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,698
Based on a loan of £359,625 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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