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Windermere Road, Reading, RG2

South East

£350,000
Listed on 30/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
680 sqft

Description

This three-bedroom semi-detached property presents an exciting opportunity for investors or those looking to create their dream home. While it requires some updates, its NO ONWARD CHAIN status simplifies the purchasing process. The layout features a welcoming entrance hall that leads to a bright lounge with an attractive bay window, and a kitchen/breakfast room that opens into a spacious rear garden through a door and rear aspect window. Upstairs, the property accommodates three bedrooms, each allowing ample natural light thanks to the well-placed windows. The family bathroom is located at the rear of the house. Outside, there is driveway parking for multiple vehicles, along with side access to the large private garden which is predominantly laid to lawn. Located in a well-regarded area with excellent transport links, including convenient bus routes to Wokingham and Reading town centre, this property benefits from easy access to local amenities such as shops, restaurants, medical facilities, and nearby educational institutions like the University of Reading and the Royal Berkshire Hospital. With renovation potential in mind and a clear path towards modernization, this home could be transformed into an appealing residence.

Investment Analysis

(RG2 area)

Above Market Value

This property is priced +22.4% above area average per sq ft

+22.4%
This Property
£515/sq ft
Area Average
£420/sq ft
Avg Rent (weekly)
£362
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£314,497
10% above area average per sq ft
Potential ROI
-17.2%
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
12%
Properties sold annually

Local Market Trend (RG2)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -4.9%
5 year growth: +4.2%
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

Windermere Road, Reading, RG2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,249
Based on a loan of £262,500 over 30 years at 3.97% 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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