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Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 - Image 1
Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 - Image 2
Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 - Image 3
Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 - Image 4
Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 - Image 5
Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 - Image 6
Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 - Image 7
Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 - Image 8
Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 - Image 9
Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 - Image 10
Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 - Image 11

Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7

South East

£650,000
Listed on 05/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1415 sqft

Description

This four-bedroom detached home, dating back to the 1930s, is situated in the quaint village of Spencers Wood. With ample living space and a blend of period features alongside modern conveniences, this property offers significant renovation and investment potential. Set back from the road, it is surrounded by mature shrubs and greenery that enhance both privacy and visual appeal. The spacious driveway accommodates several vehicles and leads to additional parking at the rear. Inside, the ground floor presents an inviting layout. The front reception room is enhanced by a classic bay window and a feature fireplace, providing a cozy atmosphere suitable for relaxation. At the rear, a sizeable kitchen connects to an expansive second reception room measuring 24 feet long. This area benefits from sliding doors that open onto the garden, promoting a seamless transition between indoor and outdoor spaces. A conveniently located downstairs WC completes this level. The first floor reveals four well-sized bedrooms, with the master bedroom featuring another attractive bay window and built-in wardrobes. Complementing the sleeping quarters are a family bathroom and an additional separate shower room, providing functional space for daily routines. The garden at the rear serves as a peaceful retreat ideal for outdoor dining or entertaining guests. It is enriched with mature plants and trees that create an inviting environment for leisure activities. Additionally, a fully converted garage currently functions as a sophisticated home gym and games room with bi-fold doors leading into the garden; this versatile area has potential as a home office or family space. Located in Spencers Wood, this property benefits from easy access to key transport links including the M4 (Junction 11), facilitating travel to Reading, Wokingham, and London. The village boasts strong community ties with local amenities such as pubs and schools nearby, alongside scenic walking trails at Langley Mead Nature Reserve. Given its charm and location, this home presents an excellent opportunity for those looking to invest in renovations while enjoying all that village life offers.

Investment Analysis

(RG7 area)

Above Market Value

This property is priced +6.1% above area average per sq ft

+6.1%
This Property
£459/sq ft
Area Average
£433/sq ft
Avg Rent (weekly)
£377
Avg Yield
3.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£673,887
10% above area average per sq ft
Potential ROI
-2.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (RG7)

Area prices are falling by +4.9% over the last 12 months
3 year growth: -1.1%
5 year growth: 8.6%
Investment Disclaimer: Analysis based on RG7 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

Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7
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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
£2,381
Based on a loan of £487,500 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