Elgar Road, Reading
South East
£325,000
Listed on 04/07/2026
Listed on 04/07/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
897 sqftFeatures
- Garden
Description
This three-bedroom bay-fronted terraced house has an open-plan living and dining room, a separate kitchen and two bathrooms. The listing describes the property as needing modernisation and some repair, while retaining period features and a riverside position backing onto the River Kennet.
A private rear garden leads down towards the river and offers scope to make better use of the outdoor space. Reading town centre, its amenities and Reading station are described as conveniently accessible, with rail services including connections to London Paddington. The accommodation and setting provide a basis for a refurbishment project, subject to inspection and verification of the work required.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
65out of 100
Grade CPotential opportunity
Confidence: MEDIUM
This three-bedroom bay-fronted terrace has an unusual selling point: a private garden backing directly onto the River Kennet. The open-plan living and dining space has character features and appears usable, while the dated finishes and overgrown garden offer a light, manageable canvas for a refresh and a more considered riverside outdoor space.
At £325,000, the asking price is around 14% below the local average per square foot, making the relative value a clear part of the appeal. The overall C grade reflects a promising project with a distinctive setting, though the river-edge condition and flood exposure still need checking.
Key opportunities
- Make more of the River Kennet outlook by clearing and improving the private garden, while checking boundaries and river-edge safety.
- Refresh the dated interior finishes, including the older kitchen and bathroom, to suit your own style.
- Build on the usable open-plan living and dining space and retain the exposed beams and brick fireplace as period features.
Key risks
- River-edge condition and flood exposure are not established and should be checked.
- Roof condition is not adequately assessed from the available views.
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Transport
Nearest stations
Reading Rail Station
0.9 miles
Train · Reading
Reading West Rail Station
1.0 miles
Train · Reading
Reading Green Park
1.8 miles
Train · GreenPark
Earley Rail Station
2.4 miles
Train · Earley
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,228
Based on a loan of £243,750 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.
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