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Elizabeth Rout Close, Spencers Wood, Reading, Berkshire, RG7 - Image 1
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Elizabeth Rout Close, Spencers Wood, Reading, Berkshire, RG7

South East

£625,000
Listed on 24/03/2026

Property Details

Bedrooms
4
Type
Detached
Area
1198 sqft

Description

Nestled in a desirable cul-de-sac of Spencers Wood, this spacious four-bedroom detached home offers an exciting opportunity for renovation and personalization. With no onward chain, this property is ideal for buyers looking to create their dream family residence. The home's generous plot provides potential for expansion (subject to planning permission), making it a smart investment choice for those wanting to increase both comfort and value. The ground floor features a large living room that overlooks the private rear garden, a separate dining area perfect for entertaining, a kitchen/breakfast room ripe for modernization, and a convenient downstairs W.C. The first floor comprises four well-proportioned bedrooms accompanied by a family bathroom, providing ample space for families. Externally, the home boasts an inviting front garden that could potentially accommodate additional parking alongside the existing driveway and double garage. The secluded rear garden provides an excellent space for outdoor entertaining with considerable scope for enhancements or extensions (STPP). With good transport links to Reading and local amenities within walking distance, this property combines rural charm with modern conveniences, making it not just a home but also a long-term investment opportunity in the picturesque Berkshire setting.

Investment Analysis

(RG7 area)

Above Market Value

This property is priced +20.9% above area average per sq ft

+20.9%
This Property
£522/sq ft
Area Average
£431/sq ft
Avg Rent (weekly)
£380
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£568,565
10% above area average per sq ft
Potential ROI
-14.5%
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
30%
Properties sold annually

Local Market Trend (RG7)

Area prices are falling by -2.5% over the last 12 months
3 year growth: 0.0%
5 year growth: +6.4%
Investment Disclaimer: Analysis based on RG7 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

Elizabeth Rout Close, Spencers Wood, Reading, Berkshire, RG7
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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
£2,254
Based on a loan of £468,750 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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