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Callington Road, Reading, RG2

South East

£385,000

Listed on 16/06/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
872 sqft

Description

For sale for the first time in nearly five decades, this extended two-bedroom semi-detached house offers a fantastic opportunity for those looking to invest in a property with significant potential. The home features two spacious double bedrooms that provide ample room for furniture and personal items, catering well to couples or small families who may also need an office or guest room. On the ground floor, you'll find two sizable reception rooms that can adapt to your lifestyle needs—be it formal dining, a comfortable lounge, or even a children's play area. A standout feature is the kitchen diner, which boasts enough space for family meals and social gatherings while currently being equipped with functional units. The integration of a garage adds practicality for secure parking and essential storage options. Moreover, there's considerable potential to extend and reconfigure the layout (subject to planning permission), allowing you to customize this property over time as your requirements change. The south-facing garden invites plenty of natural light into the living areas, creating an inviting atmosphere throughout. Although the property is generally well maintained and ready for immediate use, it does present opportunities for cosmetic upgrades that could elevate its appeal further. This combination of versatile living spaces and renovation possibilities makes it an excellent long-term investment in a desirable location with convenient access to local amenities and transport links.

Investment Analysis

(RG2 area)

Above Market Value

This property is priced +4.8% above area average per sq ft

+4.8%
This Property
£442/sq ft
Area Average
£421/sq ft
Avg Rent (weekly)
£387
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£403,967
10% above area average per sq ft
Potential ROI
-3.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (RG2)

Area prices are falling by -6.5% over the last 12 months
3 year growth: -4.1%
5 year growth: +6.0%
Investment Disclaimer: Analysis based on RG2 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

Callington Road, Reading, RG2
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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
£1,454
Based on a loan of £288,750 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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