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George Street, Reading RG1

South East

£500,000
Listed on 22/04/2026

Property Details

Bedrooms
7
Type
End Terrace

Description

This property presents a notable investment opportunity situated conveniently near Reading town centre, with no onward chain to complicate matters. The layout includes a spacious front-facing lounge, a dining area, and a practical kitchen, along with a downstairs WC and shower room. There are five bedrooms on the first floor that provide ample accommodation, complemented by an additional shower room. Notably, the property features a separate annexe comprising two bedrooms, a shower room, and a kitchen/living space—ideal for extended family living or rental potential. Externally, there is off-road parking, a carport leading to a double garage, and a rear garden with an outbuilding. Given its desirable location close to public transport links and local amenities, the property offers excellent development potential subject to planning permission (STPP).

Investment Analysis

(RG1 area)
Area Average
£408/sq ft
Avg Rent (weekly)
£329
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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

George Street, Reading 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
£1,771
Based on a loan of £375,000 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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