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Fairwater Drive, Reading, RG5

South East

£465,000
Listed on 02/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
882 sqft

Description

This three-bedroom semi-detached property in the sought-after Southlake area of Woodley presents an attractive opportunity for renovation and investment. Nestled in a community known for its family-friendly atmosphere and proximity to reputable schools, this home offers an enviable location with easy access to local amenities including shops, cafés, and parks. The nearby Woodley Precinct and Reading town centre further enhance convenience for everyday living. The property boasts a spacious front yard with ample driveway parking and a detached garage, adding to its potential. Upon entering, you're greeted by a hallway leading into a generous open-plan living and dining area that serves as the core of the home. This space flows seamlessly into a conservatory overlooking the garden, providing natural light and an ideal spot for relaxation. The kitchen has been recently updated, offering a fresh and functional space suitable for daily use. Upstairs features three bedrooms; two sizable doubles and a smaller room that could serve as an office or nursery. A family bathroom alongside a separate WC completes the upper floor layout. Outside, the rear garden is primarily laid to lawn with a patio area for outdoor entertainment. While this property is already practical for family dynamics, it also holds significant potential for those looking to make enhancements or personalisations over time. Its solid foundation makes it an appealing prospect for buyers eager to invest in their future.

Investment Analysis

(RG5 area)

Above Market Value

This property is priced +21.2% above area average per sq ft

+21.2%
This Property
£527/sq ft
Area Average
£435/sq ft
Avg Rent (weekly)
£458
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£421,891
10% above area average per sq ft
Potential ROI
-15.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (RG5)

Area prices are stable by +1.3% over the last 12 months
3 year growth: +2.8%
5 year growth: +11.2%
Investment Disclaimer: Analysis based on RG5 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

Fairwater Drive, Reading, RG5
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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
£1,659
Based on a loan of £348,750 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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