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Reeves Way, Wokingham, Berkshire, RG41

South East

£470,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1109 sqft

Description

This three-bedroom home presents a valuable opportunity for buyers seeking a property to renovate and personalize. Having been held within the family since its construction, it now arrives on the market for the first time. The entrance greets you with a spacious hallway that leads to an expansive living room featuring a large bay window and newly fitted carpet. The kitchen diner retains its original 1970s layout, offering ample space for dining, and presents an ideal setting for renovation, especially with the possibility of adding doors to connect the indoor space with the garden. An office or crafts room, complete with its own entrance and modern wet room, adds versatility; it could serve as an additional bedroom or guest space. The garden benefits from morning sunlight and is situated on a corner plot that maximizes outdoor exposure. With off-street parking available for multiple vehicles, this property is both functional and full of potential. Upstairs, there are three well-proportioned bedrooms, including a main bedroom with another lovely bay window. There is also potential to extend over the garage (subject to planning), which would enhance its value significantly. This home is being offered with no onward chain.

Investment Analysis

(RG41 area)

Below Market Value

This property is priced -8.9% below area average per sq ft

-8.9%
Potential saving
This Property
£424/sq ft
Area Average
£465/sq ft
Avg Rent (weekly)
£396
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£567,497
10% above area average per sq ft
Potential ROI
+9.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (RG41)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -3.1%
5 year growth: +21.2%
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, RG41
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,665
Based on a loan of £352,500 over 30 years at 3.91% 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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