Best areas to invest in property in Reading

Looking to invest or buy property in Reading for maximum ROI and rental yield benefits?

Find the top buy-to-let and rent-to-let property investment opportunities in Reading.

Best areas to invest in Reading

1. Caversham

Caversham, WA, combines natural beauty and affordability, making it a prime property investment opportunity for 2024 with strong growth potential.

• Housing: Mix of Victorian houses and modern developments; mid to high-range prices
• Amenities: Local shops, cafes, Caversham Court Gardens, proximity to River Thames
• Transport: Walking distance to Reading station, good bus connections
• Notable: Desirable suburban area with excellent schools; popular among families

2. Town Centre

Kolkata’s Town Centre offers strong investment potential in 2024, with affordable prices, top infrastructure, and rising demand for residential and commercial spaces.

• Housing: Modern apartments and converted historic buildings; range of prices
• Amenities: Oracle Shopping Centre, diverse restaurants, theatres, parks
• Transport: Reading station hub, extensive bus network
• Notable: Major regeneration projects ongoing; high rental demand from young professionals

3. Tilehurst

Tilehurst offers strong 2024 property investment potential, driven by demand for sustainable living and remote work, promising price growth, and a strong rental market.

• Housing: Mix of terraced, semi-detached, and detached houses; relatively affordable
• Amenities: Local shops, Prospect Park, Tilehurst Triangle shopping area
• Transport: Tilehurst station, regular bus services to the town centre
• Notable: Family-friendly area with good schools; potential for property value growth

4. Woodley

Woodley offers diverse 2024 investment opportunities in Reading commercial real estate, focusing on multi-family, industrial, and office spaces for attractive returns.

• Housing: Suburban homes, new build estates; mid-range prices
• Amenities: Woodley Shopping Centre, weekly farmers market, Loddon Valley Leisure Centre
• Transport: Good bus links, easy access to A329(M)
• Notable: Large-scale housing developments attracting new residents; growing community

5. University Area

The University of Reading area is a prime investment spot due to its large student population, diverse amenities, and proximity to Reading’s town center, ensuring steady rental demand.

• Housing: Student accommodations, houses of multiple occupations; good rental yields
• Amenities: University of Reading campus, student-oriented businesses, Palmer Park
• Transport: University station, frequent buses to town centre
• Notable: High demand for student rentals; potential for purpose-built student accommodation investment

What is the average rental yield in Reading?

The average rental yield in Reading is approximately 3.9%, based on data from PropertyData.co.uk. The highest rental yield recorded is 5.7% in the RG1 postcode district, while the lowest is 2.7% in the RG9 postcode district.

Contact Pluxa Property to explore all property investment opportunities in Reading

Pluxa Property, the leading property investment firm in the UK, can help you explore areas with high-ROI opportunities in the Reading market. 

With over 10 years of expertise, we offer a wide range of services, including:

• Rent to serviced accommodations
• BRRR investments
• Buy to serviced accommodations in UK

Our team of experts can assist you in finding the right property, negotiating the best terms, and implementing effective management strategies to maximize your returns.

👉 Contact Pluxa Property today to start your property investment journey in Reading.

FAQs About Reading

Is Reading a good place to invest in?

Yes, Reading is a good place to invest. The city is just 25 minutes from central London, making it highly desirable for commuters. It has established itself as a tech and innovation hub, attracting businesses and talent. Additionally, Reading has been one of the fastest-growing cities in the UK both before and after the COVID-19 pandemic, indicating a strong demand for housing and investment opportunities. 

What is the average monthly private rent in Reading?

As of June 2024, the average monthly private rent in Reading is £1,426. This reflects a 14.4% increase from £1,247 in June 2023, surpassing the overall rise in the South East, which was 8.4% over the same period.

Is Reading a good place for rent to let?

Yes, Reading is the best place for rent-to-let investments in 2024. The average rental yield in Reading reached 5% in December 2023, significantly higher than prime London at 4.46%. Rental values in Reading have increased by an impressive 29% since 2021, and a premium property in the town costs up to 30% less than the average London home.

What is the estimated payback period for rent to rent in Reading?

The estimated payback period for Rent to Rent in Reading is approximately 6-8 months, according to Pluxa Property. This timeframe is based on typical market conditions and investment strategies in the area.

How much initial investment do you need to invest in Reading for rent to rent?

Investing in a rent-to-rent deal in Reading through Pluxa Property requires an estimated average initial investment of £14,880. This could generate an estimated monthly profit of £1,465, leading to a total profit of £52,753 and an impressive ROI of 444%.