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Simonds Grove, Spencers Wood, Reading, Berkshire, RG7

South East

£475,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
925 sqft

Description

Nestled in a small community of just 32 homes in Spencers Wood, this three-bedroom semi-detached residence offers a prime opportunity for renovation and investment. Positioned in a quiet cul-de-sac, the property features off-road parking with two allocated spaces—a valuable asset in today's market. Inside, you'll find a thoughtfully designed layout that includes a welcoming entrance hall, a functional kitchen/dining area suitable for both casual dining and entertaining, and a spacious lounge that opens to the sizeable corner garden via French doors. This outdoor space not only provides an ideal setting for relaxation but also presents potential for expansion (subject to planning permission), making it an attractive option for buyers eager to enhance their property’s value. The upper floor comprises three comfortable bedrooms along with a modern family bathroom, while the principal bedroom benefits from an en-suite for added convenience. An outbuilding currently serves as a home office, further amplifying the property's versatility—perfect for those adapting to remote working or seeking additional functional space. With its modern finish and advantageous position close to local amenities and transport links, this home is well-suited for families or professionals looking to invest in their future while enjoying the tranquility of suburban living.

Investment Analysis

(RG7 area)

Above Market Value

This property is priced +18.9% above area average per sq ft

+18.9%
This Property
£514/sq ft
Area Average
£432/sq ft
Avg Rent (weekly)
£365
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£439,458
10% above area average per sq ft
Potential ROI
-13.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (RG7)

Area prices are falling by -5.6% over the last 12 months
3 year growth: +0.4%
5 year growth: +4.2%
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

Simonds Grove, Spencers Wood, Reading, Berkshire, RG7
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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
£1,682
Based on a loan of £356,250 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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