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Addington Road, Reading, Berkshire RG1 - Image 1
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Addington Road, Reading, Berkshire RG1

South East

£130,000
Listed on 05/04/2026

Property Details

Bedrooms
2
Type
Flat
Area
633 sqft

Description

This vacant two-bedroom flat presents a noteworthy opportunity for investors and potential homeowners looking to add value through renovation. With approximately 633 sq ft of well-distributed living space, the property includes a reception room, kitchen, two bedrooms, and a bathroom, all of which are poised for modernisation. The lengthy leasehold of around 240 years further enhances its appeal, providing an advantageous foundation for future investment. The property is located conveniently close to key amenities such as the Royal Berkshire Hospital, the University of Reading, and Reading town centre, which boasts a variety of shopping and dining options. Additionally, with Reading station nearby offering swift access to London Paddington and the Elizabeth Line, as well as easy connectivity to the A329(M) and M4 motorway, this property's location is highly desirable. Post-renovation, it is anticipated that the flat could yield a rental income near £1,350 per month, making it an attractive addition to any investment portfolio.

Investment Analysis

(RG1 area)

Below Market Value

This property is priced -49.6% below area average per sq ft

-49.6%
Potential saving
This Property
£205/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£329
Avg Yield
6.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£283,951
10% above area average per sq ft
Potential ROI
+67.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (RG1)

Area prices are stable by -0.1% over the last 12 months
3 year growth: -0.1%
5 year growth: +10.2%
Investment Disclaimer: Analysis based on RG1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Addington Road, Reading, Berkshire RG1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£460
Based on a loan of £97,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-35.0% since listed
£130,000£70,000(-35.0%)
05/04/2026
Current price
£200,000Initial listing
15/12/2023

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