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Woods Road, Reading RG4

South East

£700,000
Listed on 15/06/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1076 sqft

Description

This three-bedroom detached home presents an excellent opportunity for renovation and investment in a sought-after area of Caversham. The property features a welcoming entrance hall that leads into a spacious lounge, which seamlessly connects to a bright conservatory, perfect for creating additional living space. A formal dining room adjoins the kitchen, with a convenient utility room and WC positioned nearby. The first floor hosts three well-sized bedrooms and a family bathroom, providing a solid foundation for updates or personalization to suit modern lifestyles. Outside, the property boasts ample driveway parking, a garage, and a private rear garden that includes a unique outdoor bar area with seating and a log burner—ideal for entertaining guests or enjoying leisurely evenings. The potential for expansion is noteworthy; with appropriate planning permissions, you could enhance the existing footprint to meet your specific needs or market demands. Situated just 2.3 miles from Reading town center, this location offers convenient access to mainline rail services with swift connections into London. Caversham high street is only 1.6 miles away, providing easy access to various amenities. Additionally, the home lies within walking distance of reputable schools and the picturesque Caversham lakes. Given its combination of space, location advantages, and investment potential, this property warrants an in-person viewing to truly appreciate its possibilities.

Investment Analysis

(RG4 area)

Above Market Value

This property is priced +39.5% above area average per sq ft

+39.5%
This Property
£651/sq ft
Area Average
£466/sq ft
Avg Rent (weekly)
£406
Avg Yield
3.9%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£551,972
10% above area average per sq ft
Potential ROI
-25.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (RG4)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -0.5%
5 year growth: 11.1%
Investment Disclaimer: Analysis based on RG4 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

Woods Road, Reading RG4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £525,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE