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Eastern Avenue, Reading, Berkshire RG1 - Image 1
Eastern Avenue, Reading, Berkshire RG1 - Image 2
Eastern Avenue, Reading, Berkshire RG1 - Image 3

Eastern Avenue, Reading, Berkshire RG1

South East

£650,000
Listed on 28/03/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1771 sqft

Description

This charming semi-detached home, built in the 1920s, showcases a wealth of original features that enhance its character and appeal. Situated in East Reading, this property offers substantial potential for renovation or extension, perfect for those looking to create their ideal family residence. The exterior presents strong kerb appeal with decorative coving and period fireplaces that are hard to find in newer constructions. The owners have preserved its historical essence while making thoughtful updates, including custom double-glazed windows that replicate the original designs. The driveway accommodates two vehicles and is complemented by an inviting porch. Inside, the entrance hallway leads to two versatile reception rooms: a cosy living area with a bay window and an Art Deco-style fireplace, along with a second room suitable as a study or playroom. A convenient ground-floor WC is discreetly located under the stairs. At the back of the home, the spacious kitchen/diner benefits from ample natural light through patio doors that open onto a low-maintenance east-facing garden. There is significant potential for enhancing this space through extensions (subject to planning permission) or by reconfiguring the layout for modern living. This could involve creating an open-plan feel by connecting the kitchen/diner with the second reception room, although structural evaluation would be necessary due to the chimney breast's placement. The first floor contains three generously-sized double bedrooms and a family bathroom, all boasting striking ceiling heights and charming fireplaces. The main bedroom stands out with dual-aspect windows allowing plenty of light. On the top floor, a fourth bedroom originally designed for staff now serves as an excellent office or guest accommodation with picturesque rooftop views. This property not only has beautiful original features but also boasts strong investment potential in a desirable location near various local amenities and recreational spaces.

Investment Analysis

(RG1 area)

Below Market Value

This property is priced -10.0% below area average per sq ft

-10.0%
Potential saving
This Property
£367/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£329
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£794,435
10% above area average per sq ft
Potential ROI
+13.5%
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

Eastern Avenue, 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
£2,302
Based on a loan of £487,500 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.

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