Surrey Road, Reading, Berkshire
South East
£235,000Guide Price
Listed on 08/10/2026
Listed on 08/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
889 sqftFeatures
- Garden
Description
Offered at auction, this vacant freehold terraced house has three bedrooms, two reception rooms, one bathroom and a garden. The property is described as having scope for improvement and personalisation, and is offered with vacant possession. The EPC rating is C and the council tax band is C.
The home is in the RG2 area of Reading, close to local shops, schools and everyday amenities. Reading town centre, bus services, Reading railway station and the M4 are also accessible. The sale is by unconditional online auction, with a six-week completion period. Bidders should review the legal pack and check the auction terms and additional fees before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
72out of 100
Grade BGood opportunity
Confidence: MEDIUM
At a £235,000 guide price, this three-bedroom Reading terrace is offered at £264/sqf, around 37% below the local average—a strong entry point for a buyer looking to acquire and add value. Bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
The project is mainly cosmetic: dated finishes across the reception rooms and bedrooms offer scope for redecoration, while the overgrown garden could be cleared and improved. The kitchen and bathroom fixtures are already in place, and the supplied exterior view shows no obvious major roof failure. The renovation range is £9,000–£18,000; the dark wall marking should be investigated as part of the work.
Key opportunities
- Acquire at a guide price well below the local £/sqf average, with vacant possession.
- Refresh the dated reception rooms and bedrooms through redecoration and updated finishes.
- Clear and improve the overgrown rear garden.
Key risks
- Investigate the cause of the dark wall marking before finalising the refurbishment scope.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£888
Based on a loan of £176,250 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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