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Reading, Berkshire

South East

£300,000

Listed on 02/06/2026

Property Details

Bedrooms
4
Type
Semi Detached

Description

This four-storey semi-detached house presents a promising investment opportunity. Currently configured as two self-contained apartments, the property is located just over half a mile from the town centre and less than a mile from the railway station, ensuring easy access to transport links. While the property requires some financial input for renovations, it offers versatile options for future use: it can be retained as two separate rental units, converted back into a single family home, or reimagined as a House in Multiple Occupation (HMO), subject to licensing. Each flat features two bedrooms, a bathroom, reception room, and kitchen facilities but would benefit from modernisation. Additionally, there are parking spaces available and a small garden area. The property has previously been let successfully and now provides an exciting prospect for developers or investors looking to enhance its value through refurbishment.

Investment Analysis

(RG1 area)
Area Average
£402/sq ft
Avg Rent (weekly)
£332
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (RG1)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -0.6%
5 year growth: +9.3%
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

Reading, Berkshire
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,133
Based on a loan of £225,000 over 30 years at 4.45% 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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