Fairwater Drive, Reading, RG5
South East
£450,000
Listed on 20/10/2026
Listed on 20/10/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedArea
882 sqftFeatures
- Garage
- Garden
- Parking
Description
This three-bedroom semi-detached house is in the Southlake area of Woodley and is offered with no onward chain. The ground floor has a hallway leading to an open-plan living and dining room, which connects to a rear conservatory. The kitchen has been refitted, while upstairs are two double bedrooms, a third single bedroom and a family bathroom, with a separate WC.
Outside, the enclosed rear garden has a lawn, patio and covered seating area. At the front, a block-paved driveway provides parking and leads to a detached garage. Woodley Precinct, local schools, parks and leisure facilities are within reach, with road and public transport links towards Reading and access to the A329(M) and M4. The property is described as ready to use, with scope for a buyer to make changes over time.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
42out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a usable three-bedroom home with a well-kept garden, driveway and detached garage, and the kitchen and bathroom appear serviceable. The dated finishes offer scope for a light cosmetic refresh—such as updating the wallpaper and colours—and the conservatory roof marks are worth checking. The £6,000–£18,000 renovation range gives a sense of the work involved, rather than pointing to a major overhaul.
The main drawback is the price: at £450,000, the asking figure is around 16% above the local average per square foot. Adding the refurb range also leaves the likely purchase-plus-works cost stretched against the local benchmark for a home of this size; that comparison is not a forecast of post-renovation value. Good fundamentals and a practical layout provide a sound base, but the numbers make this a low-opportunity project at the current asking price.
Key opportunities
- Refresh the patterned wallpaper, bold bedroom colours and older decorative finishes to give the usable interiors a more current look.
- Make the most of the enclosed garden, patio and covered seating area as an appealing outdoor living space.
- The driveway and detached garage add useful parking and storage alongside the three-bedroom layout.
Key risks
- At the asking price, adding even a light refurb leaves the purchase-and-works budget stretched against the local benchmark for this floor area.
- Factor in roughly £462,000 before you finish, with refurbishment in the region of £12,000, leaving a gap of around 16% versus area norms for this sqft; post-works value sits outside our data.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,700
Based on a loan of £337,500 over 30 years at 4.45% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-3.2% since listed
£450,000£15,000(-3.2%)
20/10/2026£465,000Initial listing
03/05/2026Services
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