Gainsborough Road, Reading
South East
£325,000
Listed on 20/10/2026
Listed on 20/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
908 sqftFeatures
- Garden
- Parking
Description
This three-bedroom mid-terrace house in Southcote is offered with no onward chain and is described as requiring updating. The ground floor includes a dual-aspect living room, a kitchen, a lobby with access to the rear garden, and a separate additional room that could serve as a utility room, study or playroom. The listing notes that this room is sometimes incorporated into the kitchen, subject to the necessary consents. There is also a porch and a separate utility room accessed from outside.
Upstairs are three double bedrooms, a bathroom and a separate WC. At the front, double gates open to a driveway with off-road parking for one vehicle, alongside a lawned area. The enclosed rear garden is level and around 45 feet long, with grass and established shrubs.
The property is within about half a mile of local shops, supermarkets, bus services, Prospect Park and schools. Reading town centre is approximately 1.5 miles away, with the M4 around three miles away via the nearby A4 Bath Road. The house offers scope for updating, with any changes to the layout subject to the relevant consents.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
44out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a substantial renovation canvas: three stated double bedrooms, driveway parking and front and rear outdoor space give the project useful fundamentals, while the separate ground-floor room offers scope to adapt the layout, subject to any necessary consents. The long, level rear garden and visible solar panels are further features to build on. At £358/sq ft, the asking price is below the local average, which is a positive for value; however, the purchase price plus the £55,000–£90,000 works range looks tight against local benchmarks, so the project economics need careful scrutiny.
Key opportunities
- Rework the separate ground-floor room as a utility, study or playroom, or consider incorporating it into the kitchen subject to necessary consents.
- Replace the worn kitchen and refresh its finishes, investigating the extensive ceiling staining as part of the project.
- Make the long, level rear garden and established outdoor space more usable with clearance, planting and boundary improvements.
Key risks
- The £55,000–£90,000 works range makes this a full-scale programme covering worn finishes across several rooms, kitchen and bathroom/WC upgrades, and garden work—not a cosmetic refresh.
- Extensive kitchen ceiling staining needs investigation; its cause is not evident from the available images.
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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
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