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Wincroft Road, Caversham Heights, Reading

South East

£635,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
829 sqft

Description

This three-bedroom detached bungalow is nestled on a substantial corner plot, presenting an excellent opportunity for renovation or potential development, subject to the usual planning permissions. Located in the desirable area of Caversham Heights, this property benefits from being within the catchment area of The Heights Primary School and is conveniently positioned near local amenities, including public transport options, parks, and various sports facilities. The property features a spacious entrance hall that leads into a generous living room, complete with access to a conservatory that offers additional light and space. The kitchen/diner is equipped with a range of floor and eye-level units, providing ample room for modern upgrades or reconfiguration. There are three bedrooms, comprising two well-proportioned doubles and a single, alongside a family bathroom. What truly sets this property apart is its expansive garden area. The grounds are predominantly laid to lawn and offer an established landscape with significant privacy—a perfect canvas for landscaping projects or outdoor improvements. Additional features include a garage, greenhouse, and driveway that provides off-street parking. With its appealing location close to both Caversham and Reading centers—alongside the mainline railway station—and the scenic beauty of South Oxfordshire just a short walk away, this bungalow holds promising investment potential for those looking to create their dream home or capitalize on future development opportunities. The property comes with no onward chain, making it an attractive option for buyers ready to explore its possibilities.

Investment Analysis

(RG4 area)

Above Market Value

This property is priced +64.3% above area average per sq ft

+64.3%
This Property
£766/sq ft
Area Average
£466/sq ft
Avg Rent (weekly)
£406
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£425,265
10% above area average per sq ft
Potential ROI
-37.9%
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

Wincroft Road, Caversham Heights, Reading
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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
£2,326
Based on a loan of £476,250 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