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The Lilacs, Wokingham

South East

£550,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
932 sqft

Description

This detached bungalow, featuring three bedrooms, presents a compelling opportunity for renovation and investment in a desirable location. The layout maximizes ground-floor living, making it suitable for various buyers, including those seeking single-level accommodation. Inside, the spacious reception room welcomes natural light through a charming bay window, while the separate kitchen offers generous workspace for culinary endeavors. The large shower room has potential for reconfiguration into a wet room, enhancing its functionality. Ample storage solutions are provided by the loft, which not only accommodates larger items but also holds the possibility for conversion into additional living space, pending planning approval. The exterior boasts a well-kept south-facing rear garden with easy access to a storage shed and a garage equipped with an electric door. Given the size of the plot, there is considerable potential for extensions or even the addition of a conservatory—subject to local planning permissions—that could further enhance property value. The driveway accommodates at least two vehicles, while the low-maintenance front garden enhances overall curb appeal. Situated in an area renowned for its tranquility, this property benefits from close proximity to nature reserves and Bearwood Lakes golf club. Additionally, local amenities such as a convenience shop and post office are nearby, along with efficient bus links to both Wokingham and Reading town centers. This combination of attributes not only makes it an appealing residence but also positions it as an attractive investment opportunity with significant growth potential in a sought-after neighborhood.

Investment Analysis

(RG41 area)

Above Market Value

This property is priced +26.6% above area average per sq ft

+26.6%
This Property
£590/sq ft
Area Average
£466/sq ft
Avg Rent (weekly)
£375
Avg Yield
3.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£477,948
10% above area average per sq ft
Potential ROI
-17.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (RG41)

Area prices are rising by +7.3% over the last 12 months
3 year growth: 3.7%
5 year growth: 29.6%
Investment Disclaimer: Analysis based on RG41 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

The Lilacs, Wokingham
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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
£2,015
Based on a loan of £412,500 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