Lea Close, Reading, Berkshire, RG30
South East
£315,000Guide Price
Listed on 26/08/2026
Listed on 26/08/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedArea
769 sqftFeatures
- Garden
- Parking
Description
Offered at auction, this three-bedroom semi-detached house is offered with no onward chain and is set in a cul-de-sac in Southcote. The ground floor has a lounge and a fitted kitchen/dining room overlooking the rear garden. Upstairs are three bedrooms and a shower room. The main bedroom looks towards playing fields and the Holy Brook and River Kennet beyond.
Outside, the property has a private rear garden with a shed and driveway parking at the front. The listing notes scope to extend, subject to the necessary permissions, giving buyers the option to explore changes to the existing accommodation. Reading town centre, the M4, local shops, schools and bus services are accessible from the area.
The sale is by the Modern Method of Auction, with a 56-day reservation period. The buyer information pack costs £349 including VAT, and the reservation fee is 4.5% of the purchase price including VAT, subject to a minimum of £6,600 including VAT. Buyers should review the auction terms and pack, and check mortgage suitability before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
47out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a usable three-bedroom semi with a private garden, driveway parking and a clean, relatively current shower room. The older lounge finishes and kitchen cabinetry offer a straightforward canvas for cosmetic updates, with the garden also ready for some tidying. The listing mentions scope to extend, subject to planning, though feasibility is not established.
All-in costs deserve a mention: adding an estimated £12,300 to the asking price takes total commitment towards £327,300, about 11% ahead of typical local benchmarks for this size. Enough to keep renovation economics in the "could be tighter" band.
Key opportunities
- Refresh the older lounge finishes and kitchen cabinetry to give the main living spaces a more contemporary feel.
- Tidy the garden paving and planting while making use of the private outdoor space, shed and driveway.
- Explore the stated extension potential, subject to planning permission and confirming feasibility.
Key risks
- All-in purchase and refurbishment costs look tight against local benchmarks, leaving limited apparent headroom.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,190
Based on a loan of £236,250 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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