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New Lane Hill, Tilehurst, Reading RG30 - Image 1
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New Lane Hill, Tilehurst, Reading RG30

South East

£1,000,000
Listed on 13/02/2026

Property Details

Bedrooms
5
Type
Detached house
Area
2107 sqft

Description

This five-bedroom detached family residence presents a notable opportunity for renovation and investment, located in a desirable area of Tilehurst near Prospect Park. The property boasts spacious and adaptable living arrangements, ideal for families seeking to personalize their space or maximize its potential through extensions (subject to planning consent). The ground floor includes a generously sized triple-aspect living room that opens directly onto the rear garden, an additional dining area perfect for gatherings, and a large kitchen/dining room that could benefit from modernisation. Notably, there is also a self-contained annexe with its own wet room, which offers further flexibility for guests or as rental potential. Upstairs, the property features five good-sized double bedrooms. The master suite has been updated with an en-suite shower room and a private balcony overlooking the golf course. Another bedroom also grants access to a balcony, adding to the property's appeal. A refitted family bathroom enhances functionality on this level. Externally, the extensive rear garden is beautifully landscaped, providing opportunities for outdoor enhancements or installations like an additional summerhouse or greenhouse. The integral double garage not only offers storage but also presents possibilities for conversion into additional living space (STPP). With ample driveway parking and excellent local amenities within reach, this property stands out as a promising project for those looking to invest in a home that combines size with future growth potential.

Investment Analysis

(RG30 area)

Above Market Value

This property is priced +25.0% above area average per sq ft

+25.0%
This Property
£475/sq ft
Area Average
£380/sq ft
Avg Rent (weekly)
£317
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£879,799
10% above area average per sq ft
Potential ROI
-19.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (RG30)

Area prices are stable by +0.5% over the last 12 months
3 year growth: +4.6%
5 year growth: +16.3%
Investment Disclaimer: Analysis based on RG30 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

New Lane Hill, Tilehurst, Reading RG30
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,607
Based on a loan of £750,000 over 30 years at 4.06% 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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