It is situated alongside the site of Reading Abbey, formerly bounded by the main Compter Gate to the south and the Hospitium of St John to the north.

Its location next to the Abbey stimulated trade in that part of the town and St Laurence's soon became surrounded by a large market place which included a pillory and stocks.

The principal feature of the church is a three-stage tower, built in 1458, which closes the vista to the north of Reading's old Market Place.

The interior of the church contains several interesting items, including a memorial to John Blagrave, the 16th-century English mathematician, and a 1522 font used for the christening of Archbishop Laud.

Today it serves as a mission church with a mandate to encourage the faith amongst young people.