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London Road, Wokingham, Berkshire, RG40 - Image 1
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London Road, Wokingham, Berkshire, RG40

South East

£485,000
Listed on 18/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
2204 sqft

Description

This detached property, located in the heart of Wokingham town centre, presents a unique opportunity for renovation and investment. Having previously operated as the well-known Lay By Café, the ground floor is configured with a spacious dining area, an extensive commercial kitchen, and several storage rooms. These features offer versatility for various potential uses, including establishing a new café, restaurant, or retail space—subject to planning permissions. The upper level accommodates a three-bedroom maisonette with its own entrance, providing an inviting living space that includes a generous living/dining room and kitchen, along with a bathroom. This layout not only allows for personal residence but also opens the door for rental income if renovated to suit tenants' needs. While the property will require significant refurbishment, it serves as a blank canvas ready for creative vision. Positioned in a vibrant area characterized by ample foot traffic and excellent transport links, it benefits from proximity to local amenities and services. This setting enhances its potential for both business and residential appeal, making it an attractive option for investors looking to tap into Wokingham's thriving market. For those with renovation ambitions or investment plans, this property could offer substantial returns in one of the region's most sought-after locations.

Investment Analysis

(RG40 area)

Below Market Value

This property is priced -52.9% below area average per sq ft

-52.9%
Potential saving
This Property
£220/sq ft
Area Average
£467/sq ft
Avg Rent (weekly)
£416
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,133,286
10% above area average per sq ft
Potential ROI
+78.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (RG40)

Area prices are rising by +7.6% over the last 12 months
3 year growth: 5.2%
5 year growth: 14.0%
Investment Disclaimer: Analysis based on RG40 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

London Road, Wokingham, Berkshire, RG40
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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
£1,777
Based on a loan of £363,750 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