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Woodfield Way, Theale, Reading, Berkshire, RG7

South East

£450,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
992 sqft

Description

This three-bedroom detached property presents a unique opportunity for renovation, located in the desirable village of Theale. Nestled at the end of a quiet no-through road, the home enjoys a peaceful setting while remaining close to essential amenities. Within a short walk, residents can access local shops, cafes, and community facilities that define village life. The property has been owned by the same family since its construction in 1995 and has been carefully maintained throughout the years. However, it is now ready for modernization, giving potential buyers the chance to create a home tailored to their preferences. The layout offers a functional flow; upon entering, you are greeted by an entrance hall that leads to a convenient cloakroom and a spacious living room overlooking the garden. Adjacent to this space is a front-facing kitchen with an understairs storage cupboard and a dining room that holds promise for an open-concept kitchen/dining area with some reconfiguration. Upstairs, prospective owners will find three well-proportioned bedrooms. Two of these feature built-in wardrobes for added practicality, and the master bedroom is complemented by an en-suite bathroom. A family bathroom and additional storage complete this level. The outdoor space includes a south-facing garden that provides ample opportunity for landscaping or gardening projects and extends to the side where there is access to a single garage. The property also benefits from side access on both sides leading to a front driveway, accommodating parking for two vehicles plus garage space. Given its location within walking distance of local schools—including Theale Green Primary School—and just under one mile from Theale railway station with direct links to London Paddington, this home has considerable investment potential. Its proximity to Junction 12 of the M4 motorway further enhances connectivity options for commuting professionals. In summary, this property offers both immediate comfort and long-term value through thoughtful renovation in a sought-after village environment.

Investment Analysis

(RG7 area)

Above Market Value

This property is priced +4.8% above area average per sq ft

+4.8%
This Property
£454/sq ft
Area Average
£433/sq ft
Avg Rent (weekly)
£377
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£472,435
10% above area average per sq ft
Potential ROI
-5.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Woodfield Way, Theale, 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
£1,648
Based on a loan of £337,500 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