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Starmead Drive, Wokingham, Berkshire, RG40 - Image 1
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Starmead Drive, Wokingham, Berkshire, RG40

South East

£700,000
Listed on 29/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1380 sqft

Description

This inviting family residence is situated on the desirable Starmead Drive, conveniently located just a short walk from Wokingham's town center. Set back from the street, the property boasts a spacious plot both in the front and rear, presenting significant renovation and expansion opportunities for the future. Inside, the layout offers ample living space suitable for a growing family. The ground floor features two well-sized reception areas: a formal dining room and a dual-aspect living room that fills with natural light. The refurbished kitchen at the rear overlooks a tranquil garden and comes equipped with an abundance of storage options and work surface area. A convenient downstairs toilet enhances functionality on this level. Upstairs, you’ll find four generously sized double bedrooms, three of which include integrated wardrobes for added storage solutions. The family bathroom is fitted with a classic three-piece suite complete with a bathtub. The exterior provides parking space for up to three vehicles, with potential to increase this capacity by paving more of the front yard. Additionally, there is a single garage equipped with power supply. Starmead Drive is recognized as a sought-after residential area due to its proximity to high-quality primary and secondary schools, many of which hold outstanding ratings. The vibrant town center, featuring a variety of boutique shops and restaurants along with direct train services to London, is easily accessible within ten minutes on foot. For those commuting by car, quick access to both the M4 and A329M makes this location particularly appealing for professionals on the move. Overall, this property presents an excellent investment opportunity in a thriving community setting.

Investment Analysis

(RG40 area)

Above Market Value

This property is priced +8.5% above area average per sq ft

+8.5%
This Property
£507/sq ft
Area Average
£467/sq ft
Avg Rent (weekly)
£416
Avg Yield
3.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£709,589
10% above area average per sq ft
Potential ROI
-2.1%
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

Starmead Drive, Wokingham, Berkshire, RG40
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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
£2,564
Based on a loan of £525,000 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