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Crazies Hill Road, Wargrave, Reading, RG10

South East

£1,350,000
Listed on 08/02/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2518 sqft

Description

This property presents a unique opportunity for renovation and investment in a highly desirable location. Currently a four-bedroom detached bungalow, the site has secured planning permission for the demolition of the existing structure and the construction of a new, modern five-bedroom home across two or three stories, along with a detached double garage. The planning application was approved on January 6, 2023 (application number 223427), providing an excellent foundation for prospective buyers looking to create their dream residence. The proposed design emphasizes spacious living and versatility. The ground floor is planned to feature a large reception room that seamlessly connects to the side garden, with options for additional separate living spaces. A front-facing study could also serve as an ideal guest suite, while the rear of the home is set to incorporate a generous open-plan kitchen and dining area along with a family/garden room enhanced by three sets of double doors that lead into the back garden. Practical elements like a wine store/utility room and cloakroom further enhance the functionality of this level. On the first floor, plans include a striking principal bedroom complete with an en suite bathroom and dressing area, which opens onto a sizable terrace offering sweeping views over the Thames Valley. This level accommodates four additional bedrooms—two of which feature en suites—along with a family bathroom. An upper day room and study space above the principal suite provide further flexibility in how these areas can be utilized. The outdoor space is designed to preserve existing mature trees while allowing for landscaping tailored to individual preferences. Situated at the entrance of Hennerton Golf Course near Crazies Hill, this property benefits from both charm and community spirit, equipped with local amenities such as shops, pubs, and community facilities in nearby Wargrave. Transportation options are plentiful; Wargrave station offers efficient train services to London Paddington, while Twyford—just three miles away—provides access to more extensive shopping facilities and connections on the Elizabeth Line. Major roadways including the M4 (Junctions 8/9) and M40 (Junction 6) are conveniently close, making travel straightforward. Families will find reputable independent schools in proximity, such as Lambrook School, Rupert House in Henley, Queen Anne’s in Caversham, St Piran’s in Maidenhead, and Eton College in Windsor. Outdoor enthusiasts can enjoy multiple golf courses in the area as well as extensive walking and riding opportunities through picturesque countryside. This property's square footage is approximately 2,518 square feet, presenting ample scope

Investment Analysis

(RG10 area)

Above Market Value

This property is priced +2.2% above area average per sq ft

+2.2%
This Property
£536/sq ft
Area Average
£524/sq ft
Avg Rent (weekly)
£375
Avg Yield
2.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Target Value
£1,452,345
10% above area average per sq ft
Potential ROI
-21.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (RG10)

Area prices are rising by +5.2% over the last 12 months
3 year growth: -4.0%
5 year growth: 4.5%
Investment Disclaimer: Analysis based on RG10 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

Crazies Hill Road, Wargrave, Reading, RG10
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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
£4,945
Based on a loan of £1,012,500 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