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Nine Mile Ride, Wokingham

South East

£875,000
Listed on 07/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1413 sqft

Description

This four-bedroom detached home presents a promising opportunity for buyers seeking to invest in a property with significant renovation potential. The well-proportioned living space includes a spacious living room featuring a bay window and an attractive fireplace, along with a separate dining room. The expansive kitchen/breakfast area connects to a utility room, enhancing functionality for family life. On the upper floor, you'll find four ample bedrooms, including three doubles, with the main bedroom benefiting from its own ensuite shower room. The stylish family bathroom features a shower over the bath. The outdoor space comprises a private rear garden suitable for various activities and driveway parking leading to a garage, which can serve as additional storage or parking. Notably, there’s potential for expansion (subject to planning permission), allowing for loft conversion or garage extension to maximize living space further. This property is conveniently located near stunning woodland areas and local nature parks while also falling within an excellent school catchment area. Ideal for families or investors looking to enhance their investment through future modifications.

Investment Analysis

(RG40 area)

Above Market Value

This property is priced +32.5% above area average per sq ft

+32.5%
This Property
£619/sq ft
Area Average
£467/sq ft
Avg Rent (weekly)
£416
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£726,558
10% above area average per sq ft
Potential ROI
-21.0%
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

Nine Mile Ride, 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
£3,205
Based on a loan of £656,250 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