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Grove Hill, Emmer Green, Reading, Berkshire, RG4

South East

£850,000
Listed on 05/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
3010 sqft

Description

This distinguished Grade II listed family residence, tracing its origins back to the 17th century, presents an exciting opportunity for those seeking a property rich in character and potential. The home boasts a spacious layout, with five double bedrooms and a self-contained one-bedroom annex—ideal for guests or as a rental unit. Entering through an inviting porch, you are welcomed into a hallway that leads to various communal spaces. The large sitting room features a charming fireplace and French doors that open onto a patio area, seamlessly connecting indoor and outdoor living. Adjacent to this space is both a snug and dining room, with the latter also granting access to the patio, enhancing the entertaining possibilities. The kitchen offers a practical arrangement of wall and base units along with essential appliances. The first floor houses five generous bedrooms alongside a study and family bathroom, creating ample space for families or professionals needing workspace at home. There is also valuable eaves storage available and a sizable loft area that can be further developed for additional living space if desired. The outdoor area features a sizeable garden primarily laid to lawn, complemented by terraced patios that make the most of the striking views of Reading. With side access and existing hedging in place, there is potential to expand parking options upon obtaining relevant permissions. Historically significant, St Agnes once served as a lookout during pivotal moments in history—an aspect that adds depth to its appeal. Located in Emmer Green, the property benefits from proximity to green spaces while still being conveniently near local amenities such as cafes, pubs, and shops. Caversham’s extensive offerings include excellent schools and easy access to Reading's bustling centre, where rail connections can whisk you to London Paddington in approximately 25 minutes. The well-connected A329(M) provides swift routes to the M4 at Junction 10, facilitating travel towards London or Heathrow Airport. Nearby towns like Henley-on-Thames and Windsor offer diverse shopping and recreational opportunities. This property not only serves as a comfortable family home but also stands as an investment opportunity ripe for modernization or expansion—perfectly suited for those looking to create their ideal living space while capitalizing on its historic charm and prime location.

Investment Analysis

(RG4 area)

Below Market Value

This property is priced -39.4% below area average per sq ft

-39.4%
Potential saving
This Property
£282/sq ft
Area Average
£466/sq ft
Avg Rent (weekly)
£406
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£1,544,085
10% above area average per sq ft
Potential ROI
+62.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Grove Hill, Emmer Green, Reading, Berkshire, 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
£3,114
Based on a loan of £637,500 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