Might be biased as I'm from Reading, but generally it's a pretty nice place!
The nightlife is not the best, there's only about 4 clubs but lots of bars (purple turtle is the best imo). Brilliant for shopping, and there's lots to do in the town other than drinking: cinemas, bowling, escape rooms, theatre. Basically everything you could possibly want is in the town centre, just be aware that the campus is a bit out of the way, but the buses are very good.
Also you can get basically anywhere from Reading so days out are easy, especially to London. The main downside is that things like club entry and drinks can be pretty expensive, but it depends where you're coming from I guess.
Mostly I would recommend visiting yourself so you can get a feel for it, as I suppose it depends on your personal preference.
P.S. If you do visit, be sure to check out the biscuit factory, they always have loads of stuff on and it's pretty cheap.