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Eastern Avenue, Reading

South East

£1,100,000

Listed on 14/06/2026

Property Details

Bedrooms
6
Type
Detached
Area
2901 sqft

Description

This impressive Victorian double fronted detached home offers significant renovation potential in a desirable University location, within close proximity to the hospital and top-rated schools such as Kendrick and Reading Grammar. While the property retains a wealth of character features, including elegant fireplaces, original sash windows, and ornate plasterwork, it is ready for modern updates to fully capitalize on its spacious layout. Set on a generous plot with excellent front parking and a charming south-west facing garden, this home includes an entrance hall leading to multiple reception rooms, a functional kitchen/breakfast area, as well as utility space. With 6 double bedrooms spread across three floors, including a versatile basement currently used for office purposes, there are ample opportunities to enhance the living space. The property also boasts an outhouse with WC and a large garage at the rear. This home is ideal for those looking to invest in an attractive family residence that can be tailored to personal tastes.

Investment Analysis

(RG1 area)

Below Market Value

This property is priced -5.7% below area average per sq ft

-5.7%
Potential saving
This Property
£379/sq ft
Area Average
£402/sq ft
Avg Rent (weekly)
£332
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,283,460
10% above area average per sq ft
Potential ROI
+7.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Eastern Avenue, Reading
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£4,156
Based on a loan of £825,000 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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