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Linnet Close, Tilehurst, Reading, Berkshire RG31

South East

£650,000

Listed on 05/06/2026

Property details

Bedrooms
N/A
Type
Land

Description

This vacant plot, spanning approximately 0.32 acres, presents a rare development opportunity in Tilehurst, Reading. With detailed planning permission already secured for the construction of four two-bedroom houses, this site holds significant investment potential. Each of the proposed homes is designed to accommodate four residents and boasts an area of 81.55 m² (879 sq ft), ensuring ample living space. Additionally, each unit will include two off-street parking spaces, with access directly from City Road. The total gross internal area for the development measures around 326.5 m² (3,511 sq ft). Located conveniently close to local bus routes, residents will benefit from swift commutes to London Paddington in just 50 minutes or a mere 35 minutes from nearby Reading station. Families are well catered for with good local schools and parks nearby, along with easy access to M4 junction 12. This site not only represents a chance to create desirable residences but also offers an opportunity to engage in a project that aligns with regional housing demands. Further information can be obtained through West Berkshire Council under planning reference: 25/00140/ful.

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Investment analysis

(RG31 area)
Area Average
£424/sq ft
Avg Rent (weekly)
£296
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (RG31)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -1.0%
5 year growth: +14.6%
Investment Disclaimer: Analysis based on RG31 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

Linnet Close, Tilehurst, Reading, Berkshire RG31
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,456
Based on a loan of £487,500 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.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

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