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Chilcombe Way, Earley

South East

£380,000
Listed on 27/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
772 sqft

Description

This detached two-bedroom bungalow, located in the tranquil and sought-after area of Lower Earley, presents a solid foundation for those looking to modernise a property and tailor it to their personal style. While the home is currently in good condition, there is ample opportunity for enhancement and refurbishment to maximize its potential and value. The layout includes an entrance hall leading to a spacious lounge/dining area, a kitchen equipped with essential appliances, two well-proportioned bedrooms, and a family bathroom. Outside, the property offers off-road parking through a private driveway, alongside a garage and a manageable rear garden perfect for outdoor relaxation or further landscaping. The proximity to local amenities such as shops and parks, along with convenient transport links to Reading town centre and the M4 (Junction 11), makes this property appealing not just for downsizers or first-time buyers but also savvy investors seeking promising returns. Given that the property is offered with no onward chain, it allows for a straightforward acquisition that could benefit from your renovation vision.

Investment Analysis

(RG6 area)

Above Market Value

This property is priced +7.9% above area average per sq ft

+7.9%
This Property
£492/sq ft
Area Average
£456/sq ft
Avg Rent (weekly)
£568
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£387,532
10% above area average per sq ft
Potential ROI
-4.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (RG6)

Area prices are falling by +5.0% over the last 12 months
3 year growth: -1.0%
5 year growth: 6.7%
Investment Disclaimer: Analysis based on RG6 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

Chilcombe Way, Earley
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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
£1,392
Based on a loan of £285,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE