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90-91 Friar Street, Reading, RG1 1EL - Image 1
90-91 Friar Street, Reading, RG1 1EL - Image 2
90-91 Friar Street, Reading, RG1 1EL - Image 3
90-91 Friar Street, Reading, RG1 1EL - Image 4
90-91 Friar Street, Reading, RG1 1EL - Image 5
90-91 Friar Street, Reading, RG1 1EL - Image 6
90-91 Friar Street, Reading, RG1 1EL - Image 7

90-91 Friar Street, Reading, RG1 1EL

South East

£550,000
Listed on 14/05/2026

Property Details

Bedrooms
4
Type
Commercial Development
Area
614 sqft

Description

This is a unique opportunity to acquire a freehold mixed-use property located in the vibrant centre of Reading. The building, totaling approximately 2,938 sq ft across four levels, currently offers commercial space on the ground floor while planning permission is in place to convert the basement, first, and second floors into two spacious 2-bedroom maisonettes. With vacant possession available, this property stands out for developers and investors looking to tap into its potential for residential conversion while maintaining valuable commercial tenancy below. Situated on Friar Street, one of Reading's busiest thoroughfares, it benefits from high foot traffic and excellent connectivity to local amenities including Reading Station and The Oracle Shopping Centre. This central location presents significant prospects for capital growth and rental income.

Investment Analysis

(RG1 area)

Above Market Value

This property is priced +121.5% above area average per sq ft

+121.5%
This Property
£896/sq ft
Area Average
£404/sq ft
Avg Rent (weekly)
£329
Avg Yield
6.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£273,098
10% above area average per sq ft
Potential ROI
-58.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (RG1)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -0.8%
5 year growth: +8.6%
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

90-91 Friar Street, Reading, RG1 1EL
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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
£1,962
Based on a loan of £412,500 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

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

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