Essex Street, Reading, RG2
South East
£280,000
Listed on 22/09/2026
Listed on 22/09/2026
The listing
Property details
Bedrooms
4Type
TerracedArea
992 sqftFeatures
- Garden
Description
This four-bedroom terraced house is offered with no onward chain and scope for updating. The ground floor has two reception rooms, while the first floor is described as having three bedrooms; the listing notes that the property could be arranged as a four-bedroom home. There is an enclosed rear garden and on-street permit parking at the front. The main roof is stated to be new.
The property is within walking distance of the Royal Berkshire Hospital, Reading University and Reading town centre. Local shops, schools, a health centre and bus routes are also nearby. Reading station provides direct services to London Paddington and Elizabeth line connections into central London.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
69out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £280,000, this four-bedroom terrace is priced well below the local average per square foot, making the asking price a real opportunity to acquire a substantial project. The two reception rooms, enclosed garden and stated new main roof give it a useful starting point, with Reading town centre, the hospital and university within walking distance.
Key opportunities
- Use the two reception rooms and four-bedroom potential as a flexible canvas for an improved layout and refreshed interiors.
- Replace the dated kitchen and bathroom finishes, repair and redecorate damaged surfaces, and renew worn flooring to give the house a coherent finish.
- Clear and improve the enclosed rear garden to make better use of its outdoor space.
Key risks
- Worn floors, damaged walls and ceiling deterioration across photographed rooms, plus a heavily overgrown garden, point to a substantial works programme; the £55,000–£95,000 range needs careful budgeting and scheduling rather than a cosmetic refresh.
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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
£1,058
Based on a loan of £210,000 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.
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