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Luckley Road, Wokingham

South East

£800,000
Listed on 16/03/2026

Property Details

Bedrooms
5
Type
Chalet
Area
1876 sqft

Description

This substantial detached residence, originally erected in the 1940s, presents an exciting opportunity for buyers looking to infuse their personal style into a property. Nestled on a generous plot of approximately 0.23 acres and situated on a desirable, quiet road in Wokingham, the house boasts ample space both inside and out. The first time on the market since 1974, this home is presented with no onward chain, making it a perfect canvas for renovation. Inside, the property currently features three spacious double bedrooms on the ground floor—two equipped with built-in wardrobes—a downstairs shower room and a guest cloakroom. The dual-aspect kitchen/breakfast area leads to a utility room that could serve as an office space. The dining room opens via double doors to a large reception room complete with a gas fireplace, providing direct access to a vast south-facing garden dotted with mature apple trees. On the upper floor, you’ll find two additional double bedrooms that have been converted from loft space, accompanied by another shower room, all benefitting from high ceilings and abundant natural light pouring through large windows. Built-in cupboards and eaves storage throughout enhance functionality. The property's external features include a garage suitable for car parking or as workshop/storage space. Located just minutes from Wokingham's historic town centre and its convenient transport links to London Waterloo and Reading via The Elizabeth Line, this property also enjoys proximity to excellent local schools and recreational areas. A unique chance awaits those looking to revitalise this spacious family home in one of Wokingham’s most sought-after locations.

Investment Analysis

(RG41 area)

Below Market Value

This property is priced -8.3% below area average per sq ft

-8.3%
Potential saving
This Property
£426/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
£959,471
10% above area average per sq ft
Potential ROI
+9.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Luckley Road, 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
£2,885
Based on a loan of £600,000 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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