Prospect Park is Reading's largest open space and gets its name from the fine views across the Kennet Valley and beyond, which can be enjoyed best from the Mansion House. The regency white stuccoed grade II listed mansion (now a restaurant) is set on a hill at the highest point of the park. The park has broad sweeps of short cut grass, with areas of meadow grassland. A pond was created to the south of the house and attracts an assortment of wildlife, while 'The Rookery' (a mature oak woodland and Wildlife Heritage Site) can be found to the north.
The Prospect Park Railway (near the Bath Road entrance and run by the Reading Society of Model Engineers) has 'Public Running' days on the first Sunday of each month. The park also features a wide variety of sports facilities and a well-equipped children's play area.
Prospect Park is the venue for a variety of events through the year including:
- Berkshire Motor Show and Reading Pageant
- Carters Steam Fair
- Prospect Park Railway Public Running Day
- Reading Carnival
- Reading Fake Festival
- Reading Pretty Muddy
- Reading Pretty Muddy Kids
- Reading Race for Life 5k
- Reading Race for Life 10k
- Tanks Invitation Weekend
Prospect Park is one of Reading Borough Council's parks.