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The Spinney, Wokingham

South East

£375,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
850 sqft

Description

This three-bedroom terrace home located within the desirable Ferm Lea development presents a valuable opportunity for buyers interested in personalizing their living space. With no onward chain, you can begin renovations immediately to modernize and enhance this property according to your tastes and preferences. The ground floor consists of a kitchen featuring a decent selection of base and eye-level units, while the expansive living/dining area at the rear offers direct access to a secluded garden, creating an ideal setting for family gatherings and outdoor entertaining. On the upper level, you'll find three spacious double bedrooms equipped with built-in wardrobes, complemented by a family bathroom and an additional cloakroom. Outside, there's driveway parking leading to a single garage along with a small lawned area at the front. The rear garden provides ample space for potential landscaping or extensions (pending local planning permissions), making it perfect for those looking to invest further into their property. Located within well-regarded school catchments and close to key transport links, this home is not only in a prime locale but also allows for significant value addition through thoughtful renovations.

Investment Analysis

(RG40 area)

Below Market Value

This property is priced -6.0% below area average per sq ft

-6.0%
Potential saving
This Property
£441/sq ft
Area Average
£469/sq ft
Avg Rent (weekly)
£394
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£438,842
10% above area average per sq ft
Potential ROI
+3.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (RG40)

Area prices are rising by +8.9% over the last 12 months
3 year growth: +6.7%
5 year growth: +17.1%
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

The Spinney, Wokingham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 over 30 years at 4.06% 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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