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Melrose Gardens, Arborfield Cross, Reading

South East

£475,000
Listed on 17/04/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
970 sqft

Description

This detached residence, nestled in a sought-after semi-rural area, offers an appealing prospect for buyers eager to transform a property into their dream home. The layout is adaptable, providing ample opportunity for reconfiguration to align with contemporary family needs. While the interior requires modernization throughout, its robust structure lays the groundwork for significant enhancements. The surrounding space presents further potential for extension or personalization, granting flexibility to create outdoor spaces that reflect individual tastes. With no onward chain, this property invites buyers seeking a smooth acquisition process and the chance to capitalize on its investment potential.

Investment Analysis

(RG2 area)

Above Market Value

This property is priced +16.0% above area average per sq ft

+16.0%
This Property
£490/sq ft
Area Average
£422/sq ft
Avg Rent (weekly)
£375
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£450,434
10% above area average per sq ft
Potential ROI
-18.8%
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
11%
Properties sold annually

Local Market Trend (RG2)

Area prices are falling by -9.4% over the last 12 months
3 year growth: -6.8%
5 year growth: +2.1%
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

Melrose Gardens, Arborfield Cross, Reading
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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.

Stamp Duty Calculator

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