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Reeves Way, Wokingham, Berkshire - Image 1
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Reeves Way, Wokingham, Berkshire

South East

£515,000
Listed on 17/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1187 sqft

Description

This semi-detached home is strategically located near Wokingham’s town centre and mainline train station, making it a prime candidate for renovation and investment. With ample space spread across two floors, the property has significant potential for modernising and extending, pending necessary planning approvals. The ground floor boasts a spacious living room enhanced by a log burner and a charming bay window, creating a warm atmosphere. The kitchen/dining area, which stretches across the back of the house, opens directly onto a generous rear garden, perfect for family gatherings and outdoor entertaining. A sizable extension on the ground floor lends additional flexibility; it could function as a self-contained annexe complete with its own shower room or be reimagined into two extra bedrooms based on the new owner's vision. On the upper level are three bedrooms alongside a family bathroom. While these rooms have been cleared in preparation for refurbishment, they would greatly benefit from comprehensive updates including decor and flooring. This presents an ideal opportunity for buyers to personalise these spaces to their taste. Outdoors, there is off-road parking available for several cars at the front of the property. The backyard offers plenty of space, mainly laid to lawn with a patio area that provides excellent scope for family recreation and summer get-togethers. Additionally, being situated within desirable school catchment areas enhances its attractiveness to families looking to invest in their future.

Investment Analysis

(RG41 area)

Below Market Value

This property is priced -6.7% below area average per sq ft

-6.7%
Potential saving
This Property
£434/sq ft
Area Average
£465/sq ft
Avg Rent (weekly)
£352
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£607,151
10% above area average per sq ft
Potential ROI
+9.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (RG41)

Area prices are rising by +5.4% over the last 12 months
3 year growth: +2.1%
5 year growth: +26.9%
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

Reeves Way, 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
£1,857
Based on a loan of £386,250 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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