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Wykeham Road, Reading - Image 1
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Wykeham Road, Reading

South East

£220,000
Listed on 05/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
893 sqft

Description

Situated on the esteemed Wykeham Road in East Reading, this charming three-bedroom Victorian terraced house presents a compelling opportunity for refurbishment and investment. Characterized by its period features, the home offers two spacious reception rooms, a kitchen, and a downstairs bathroom. The upper level hosts two generous double bedrooms alongside a versatile third room off the second bedroom that could function as a study, nursery, or dressing area. In need of comprehensive modernization throughout, this property is perfectly suited for investors or homeowners looking to craft a personalized living space in a desirable, well-connected locale. Externally, there is a modest front garden and an enclosed rear garden providing private outdoor space, complemented by available on-street parking. Wykeham Road boasts proximity to Reading University and local amenities, with excellent transport links via Reading station and easy access to the M4 motorway. This property harmonizes historical charm with significant potential for enhancement, making it an enticing prospect in one of Reading's most sought-after residential neighborhoods.

Investment Analysis

(RG6 area)

Below Market Value

This property is priced -46.3% below area average per sq ft

-46.3%
Potential saving
This Property
£246/sq ft
Area Average
£459/sq ft
Avg Rent (weekly)
£475
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£450,385
10% above area average per sq ft
Potential ROI
+60.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (RG6)

Area prices are falling by -4.5% over the last 12 months
3 year growth: -4.7%
5 year growth: +5.5%
Investment Disclaimer: Analysis based on RG6 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

Wykeham Road, Reading
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£785
Based on a loan of £165,000 over 30 years at 3.97% 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

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