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Goring Heath, Reading, Oxfordshire, RG8

South East

£1,750,000
Listed on 31/12/2025

Property Details

Bedrooms
13
Type
Detached house
Area
7837 sqft

Description

This property presents a rare opportunity for renovation, being on the market for the first time in nearly 80 years. Originally part of a larger farm until the mid-1960s, New House Farm is a classic red brick residence that requires significant modernisation. The spacious ground floor features period wooden flooring, high ceilings, traditional sash windows with shutters, and an array of charming fireplaces that could be restored to enhance the home's character. Spread over three levels, this house includes a cellar and an annex, offering additional potential for reconfiguration or expansion. The exterior boasts a driveway leading to a well-kept lawn garden surrounded by attractive brick and flint walls. The main garden to the east is adorned with mature yew trees and expansive lawns that provide privacy and seclusion, complemented by formally designed garden features. There is also the option to negotiate for additional land adjacent to the existing gardens. Nestled in Goring Heath, within an Area of Outstanding Natural Beauty, this residence benefits from easy access to nearby Thameside villages like Goring and Pangbourne—just 3 miles away—offering amenities alongside direct train services to London Paddington within an hour. The historic market town of Wallingford is located 7 miles from the property, providing local shops and services including Waitrose. Families will find excellent schooling options in close proximity as well as leisure activities such as golf, horse riding, and accessible walking trails in this desirable countryside setting.

Investment Analysis

(RG8 area)

Below Market Value

This property is priced -53.6% below area average per sq ft

-53.6%
Potential saving
This Property
£223/sq ft
Area Average
£481/sq ft
Avg Rent (weekly)
£402
Avg Yield
3.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£4,146,988
10% above area average per sq ft
Potential ROI
+107.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (RG8)

Area prices are falling by +6.2% over the last 12 months
3 year growth: -8.6%
5 year growth: 3.5%
Investment Disclaimer: Analysis based on RG8 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

Goring Heath, Reading, Oxfordshire, RG8
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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
£6,411
Based on a loan of £1,312,500 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