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Harmar Close, Wokingham

South East

£536,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1069 sqft

Description

This three-bedroom detached bungalow, situated in the desirable Bean Oak area, presents a unique opportunity for buyers looking to invest in a property with significant potential. Nestled on a generous plot of nearly 0.25 acres within a peaceful cul-de-sac, this home is already partially updated with modern finishes in the kitchen and bathroom. However, there remains ample scope for further renovations or extensions (subject to planning permission) to enhance its value and functionality.<br><br>The well-spaced layout includes three comfortable bedrooms and an inviting lounge/dining area, perfect for family living. Outside, both the front and rear gardens provide privacy and room for outdoor activities, with the south-facing rear garden particularly suited for transformation into an impressive landscaped retreat.<br><br>Located just a short distance from Wokingham Town Centre and well-regarded schools, this property enjoys the advantages of a strong community atmosphere and lush surroundings. With no onward chain, this bungalow represents an excellent opportunity for those looking to secure a home with room to grow in one of Wokingham's most sought-after locations.

Investment Analysis

(RG40 area)

Above Market Value

This property is priced +7.3% above area average per sq ft

+7.3%
This Property
£501/sq ft
Area Average
£467/sq ft
Avg Rent (weekly)
£416
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£549,674
10% above area average per sq ft
Potential ROI
-4.6%
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

Harmar Close, 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
£1,964
Based on a loan of £402,000 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