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Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 - Image 1
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Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7

South East

£500,000
Listed on 01/05/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1234 sqft

Description

Nestled on the fringes of Spencers Wood, this four-bedroom semi-detached Edwardian property showcases a blend of traditional charm and future potential. The home is strategically located for convenient access to local amenities and robust transport links to Basingstoke and Reading, making it an attractive investment. It sits on a generous plot that features ample off-road parking as well as a private south-westerly garden at the rear.

Inside, the layout includes two reception rooms, a kitchen, utility area, and W.C. on the ground floor. The first floor comprises three spacious bedrooms along with a family bathroom, while an additional loft bedroom adds valuable living space. Significant renovation opportunities exist throughout the home, including possibilities for modernising interiors or extending sideways with appropriate planning permissions.

The outdoor space boasts a sizable patio that invites entertaining and a mature garden alongside a garage/workshop which can be repurposed for various needs. This residence offers not just a home but also significant potential for those looking to invest in improvements that can enhance both comfort and value over time. EPC Rating: E

Local amenities within Spencers Wood provide essential services including shops and eateries alongside community-focused events that enrich village life. Transport options are plentiful, fostering easy commutes to nearby towns while maintaining the tranquility of countryside living.

Investment Analysis

(RG7 area)

Below Market Value

This property is priced -6.6% below area average per sq ft

-6.6%
Potential saving
This Property
£405/sq ft
Area Average
£434/sq ft
Avg Rent (weekly)
£339
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£589,179
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
39
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (RG7)

Area prices are falling by -6.2% over the last 12 months
3 year growth: -0.6%
5 year growth: +2.1%
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

Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7
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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
£1,784
Based on a loan of £375,000 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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