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Cricket Hill, Finchampstead, Wokingham

South East

£550,000
Listed on 21/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1215 sqft

Description

This three-bedroom detached bungalow presents a unique opportunity for renovation and investment in the desirable Cricket Hill area of Finchampstead. While the home requires modernisation, its spacious layout and potential for transformation make it an appealing project for those looking to create a customized living space. Nestled within a non-estate location, the property benefits from its proximity to scenic countryside, providing a serene backdrop for daily life. Nearby amenities include local playing fields and accessibility to Finchampstead C of E Primary School, making it an ideal spot for families. The charming public houses, The Greyhound and Queen’s Oak, are just a short stroll away, offering enjoyable dining options. Outdoor enthusiasts will appreciate Horseshoe Lake and various picturesque walking routes that lead to National Trust sites like Finchampstead Ridges. Inside, the bungalow features an inviting entrance lobby that flows into a central hallway. The generous 22-foot L-shaped living and dining area offers ample natural light and versatile space for gatherings. A 15-foot kitchen awaits your personal touch, along with a family bathroom equipped with a separate WC. An additional reception room at the rear adds flexibility to the layout, complemented by a shower room. The exterior boasts a private rear garden predominantly laid to lawn, framed by mature trees and hedging—providing an ideal setting for outdoor activities or gardening. The property also includes a substantial 36-foot double-length tandem garage accessible from the garden. In front, the lawned area is bordered by hedging and accompanied by a driveway capable of accommodating up to three vehicles. With its blend of charm and potential in this sought-after village location, this bungalow offers an exciting prospect for those looking to invest in their next home or renovation project. Its easy access to major road networks including the M3 and M4 motorways ensures connectivity to nearby towns such as Wokingham and Reading while keeping you within reach of excellent local schools and transport links like Wokingham mainline railway station.

Investment Analysis

(RG40 area)

Below Market Value

This property is priced -3.2% below area average per sq ft

-3.2%
Potential saving
This Property
£453/sq ft
Area Average
£467/sq ft
Avg Rent (weekly)
£416
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£624,747
10% above area average per sq ft
Potential ROI
-3.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (RG40)

Area prices are rising by +7.6% over the last 12 months
3 year growth: 5.2%
5 year growth: 14.0%
Investment Disclaimer: Analysis based on RG40 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

Cricket Hill, Finchampstead, 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