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Nine Mile Ride, Finchampstead, Wokingham, Berkshire, RG40

South East

£875,000

Listed on 27/05/2026

Property Details

Bedrooms
4
Type
Bungalow
Area
2771 sqft

Description

Nestled at the end of a private lane in the coveted area of Finchampstead, this property offers an exceptional opportunity for renovation or redevelopment. Spanning approximately 0.68 acres, the site currently encompasses three distinct living spaces totaling over 2,770 sq. ft., presenting a versatile foundation for those with vision. The configuration allows for diverse possibilities—whether it's transforming these units into a cohesive multi-generational family home, enhancing them for a lucrative rental portfolio, or planning for an entirely new luxury dwelling. The main residence features spacious living areas, including a generous reception room and formal dining space, alongside a large conservatory that opens to the expansive garden. Additionally, there is a three-bedroom house with separate facilities and a one-bedroom lodge on site, all of which are in need of modern updates to reach their full potential. The standout aspect of this opportunity lies in its development potential; such sizeable plots within this desirable locale are infrequently available. With appropriate planning permissions, one could consider replacing existing structures with a single grand residence or even exploring plans for multiple upscale homes that resonate with the area's high-value market. Moreover, the location strikes an ideal balance between serene countryside living and accessibility to Wokingham's vibrant town centre and major transport routes via M3 and M4. Families will appreciate proximity to esteemed local schools and recreational areas like California Country Park nearby. This is truly an uncommon chance to capitalize on valuable land in one of Berkshire’s most sought-after neighborhoods.

Investment Analysis

(RG40 area)

Below Market Value

This property is priced -32.7% below area average per sq ft

-32.7%
Potential saving
This Property
£316/sq ft
Area Average
£470/sq ft
Avg Rent (weekly)
£389
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,431,083
10% above area average per sq ft
Potential ROI
+27.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (RG40)

Area prices are rising by +3.4% over the last 12 months
3 year growth: +4.5%
5 year growth: +11.4%
Investment Disclaimer: Analysis based on RG40 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

Nine Mile Ride, Finchampstead, Wokingham, Berkshire, RG40
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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
£3,122
Based on a loan of £656,250 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.

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