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Sheep Walk, Emmer Green, Reading

South East

£725,000
Listed on 21/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1998 sqft

Description

This four-bedroom split-level detached home presents a unique opportunity for renovation and investment, nestled within the highly sought-after Caversham Conservation Area. Set on a generous, established plot, the property offers privacy along with significant potential for modern upgrades and extensions. Located approximately one mile north of Caversham's vibrant center, this residence benefits from proximity to a variety of shops, restaurants, and excellent schooling options. The nearby Reading Station, just half a mile away, provides easy access to London (Paddington in about 25 minutes), enhanced by the recent addition of Crossrail services. Additionally, the surrounding areas of Emmer Green and Caversham Heights offer picturesque views of South Oxfordshire countryside and recreational amenities like golf courses and sports complexes. Upon entering, you are greeted by an entrance hall that leads to a living room featuring dual aspect windows and French doors that open onto a side patio. This space could be transformed into an inviting family area with some thoughtful updates. Adjacent is a study that connects to an office area with separate access, complete with integrated storage and a shower room—ideal for conversion into guest accommodation or a self-contained workspace. The kitchen retains its functional design with ample base units and integrated appliances; however, it awaits modernization to realize its full potential. A dining room with French doors leads out to the expansive rear garden—a versatile outdoor space that excels in providing privacy and tranquility. On the upper levels, you'll find four well-proportioned bedrooms, including a master suite with en-suite facilities and balcony access. Each bedroom offers natural light through double-glazed windows but also requires updating to reflect contemporary tastes. Outside, the extensive rear garden encompasses various landscaping features such as raised rockery beds and an ornamental fish pond—an ideal canvas for those looking to enhance outdoor living spaces. Additionally, there is a timber summerhouse and workshop that add practical utility to this already expansive lot. The property's front yard features off-road parking leading to what was formerly a garage but has been partially converted into office space—a configuration that could easily be reverted or further developed depending on your vision. With no onward chain and freehold tenure in place, this property promises not only spacious living but also substantial investment potential through renovations tailored to modern family needs in one of the region's most desirable locations.

Investment Analysis

(RG4 area)

Below Market Value

This property is priced -22.2% below area average per sq ft

-22.2%
Potential saving
This Property
£363/sq ft
Area Average
£466/sq ft
Avg Rent (weekly)
£406
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,024,944
10% above area average per sq ft
Potential ROI
+27.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (RG4)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -0.5%
5 year growth: 11.1%
Investment Disclaimer: Analysis based on RG4 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

Sheep Walk, Emmer Green, Reading
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,656
Based on a loan of £543,750 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE