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Chestnut Avenue, Wokingham, Berkshire - Image 1
Chestnut Avenue, Wokingham, Berkshire - Image 2
Chestnut Avenue, Wokingham, Berkshire - Image 3
Chestnut Avenue, Wokingham, Berkshire - Image 4
Chestnut Avenue, Wokingham, Berkshire - Image 5
Chestnut Avenue, Wokingham, Berkshire - Image 6
Chestnut Avenue, Wokingham, Berkshire - Image 7

Chestnut Avenue, Wokingham, Berkshire

South East

£675,000
Listed on 01/01/2026

Property Details

Bedrooms
4
Type
Detached house
Area
1674 sqft

Description

Nestled on a sought-after tree-lined street in Wokingham, this spacious detached bungalow occupies a generous corner plot with great potential for refurbishment or redevelopment. Traditionally configured with three bedrooms, the layout includes a living room, dining area, home office, kitchen, and a conservatory. The property features two bathrooms—one being en suite—and an additional separate cloakroom. The extensive front garden is predominantly laid to lawn and offers ample driveway space for several vehicles, while the private rear garden provides further opportunity for outdoor enhancements. This home is ideally located close to Wokingham town centre and the mainline railway station, making it convenient for both commuting and local amenities. The property sits within the catchment area of well-regarded schools, enhancing its appeal to families. With significant scope for modernization or extension (subject to necessary planning approvals), this versatile residence is an attractive prospect for a variety of buyers looking to invest in a project with considerable upside.

Investment Analysis

(RG41 area)

Below Market Value

This property is priced -13.3% below area average per sq ft

-13.3%
Potential saving
This Property
£403/sq ft
Area Average
£465/sq ft
Avg Rent (weekly)
£382
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£856,159
10% above area average per sq ft
Potential ROI
+13.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (RG41)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -0.3%
5 year growth: +23.3%
Investment Disclaimer: Analysis based on RG41 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

Chestnut Avenue, Wokingham, Berkshire
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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
£2,434
Based on a loan of £506,250 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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