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Nine Mile Ride, Wokingham, RG40

South East

£595,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached bungalow presents a compelling opportunity for those with a vision for renovation. Featuring three bedrooms, the property sits on an expansive 140 x 45-foot garden, providing ample outdoor space that could be transformed into a personal oasis or an attractive landscape for future buyers. Located on a private lane in a sought-after semi-rural area, this home enjoys the tranquility of its surroundings while still being just 15 minutes from Wokingham Station and local amenities. The gated entrance and driveway offer added convenience and privacy, making it an appealing choice for families and individuals seeking both comfort and accessibility. While the property requires complete modernization, it holds significant investment potential. Plans to extend the dwelling (subject to planning permission) could allow for the creation of a four-bedroom, two-bathroom family home, enhancing its value in this desirable location. Given its unique character and potential for expansion, this bungalow is not just a house; it's a canvas for your future project.

Investment Analysis

(RG40 area)
Area Average
£467/sq ft
Avg Rent (weekly)
£416
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
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

Nine Mile Ride, Wokingham, 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
£2,180
Based on a loan of £446,250 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