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Chestnut Crescent, Reading, RG2

South East

£300,000
Listed on 27/02/2026

Property Details

Bedrooms
2
Type
Detached house
Area
921 sqft

Description

This two-bedroom semi-detached bungalow presents an exciting opportunity for those looking to invest in a property that requires thoughtful renovation. Nestled in a tranquil residential crescent of the desirable Shinfield area, the bungalow sits on a substantial plot complete with driveway parking, a garage, and a secluded rear garden. With no onward chain, you can hit the ground running on your renovation plans without delay. Inside, the layout features a spacious and bright sitting room, along with two double bedrooms positioned at the front and middle of the home. The kitchen flows into a sunroom and conservatory that leads out to the garden, providing ample natural light. While all utilities are functional, the interior is in need of an update—this is where you can unleash your creativity. The property's layout offers numerous possibilities for reconfiguration. The side access and garage offer potential for expansion or redesign, while its generous width allows for more significant enhancements. This isn't just about cosmetic updates; this is an opportunity to significantly enhance value through strategic investment. The outdoor space adds further appeal with its privacy and potential as a blank canvas—sufficient lawn space for landscaping and ample room for extension or new structures. Shinfield itself is well-positioned south of Reading with easy access to the M4 (Junction 11), making it ideal for commuters heading towards London or Heathrow. Local amenities include pubs and convenience stores within walking distance, plus reputable schools in the vicinity. The peaceful yet connected nature of this village makes it highly sought after. Properties like this one that offer genuine development potential in Shinfield are seldom available for long—now is your chance to bring your vision to life.

Investment Analysis

(RG2 area)

Below Market Value

This property is priced -23.8% below area average per sq ft

-23.8%
Potential saving
This Property
£326/sq ft
Area Average
£427/sq ft
Avg Rent (weekly)
£393
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£432,796
10% above area average per sq ft
Potential ROI
+27.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (RG2)

Area prices are falling by -9.7% over the last 12 months
3 year growth: -6.5%
5 year growth: +5.7%
Investment Disclaimer: Analysis based on RG2 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 Crescent, Reading, RG2
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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
£1,082
Based on a loan of £225,000 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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