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Larchside Close, Spencers Wood, RG7

South East

£550,000

Listed on 01/06/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1109 sqft

Description

This spacious four-bedroom semi-detached home is nestled at the end of a tranquil cul-de-sac in Spencers Wood, a desirable village close to Reading. Positioned on a generous plot, this property offers significant possibilities for renovation and extension, pending relevant planning approval. The extensive driveway accommodates multiple vehicles and leads to an integral garage, while the expansive rear garden with side access presents ample outdoor potential. Upon entry, you are greeted by an entrance hall that flows into a bright living room—ideal for family relaxation or hosting friends. The separate dining room features French doors that open into the garden, perfect for al fresco dining. The kitchen is functional with sufficient storage and preparation space, but could benefit from modernization. On the first floor are three well-sized bedrooms alongside a dedicated office space that caters to those who work from home. Additionally, the second floor boasts a loft conversion offering a fourth versatile bedroom or additional living area. Situated in the vibrant community of Spencers Wood, residents enjoy convenient access to local amenities including schools and parks. Excellent transport links make commuting straightforward with close proximity to mainline stations and easy access to the M4 motorway. Overall, this property’s layout and location provide an excellent foundation for investment through modernisation or expansion to enhance its value.

Investment Analysis

(RG7 area)

Above Market Value

This property is priced +13.6% above area average per sq ft

+13.6%
This Property
£496/sq ft
Area Average
£437/sq ft
Avg Rent (weekly)
£349
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£532,791
10% above area average per sq ft
Potential ROI
-11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (RG7)

Area prices are falling by -5.7% over the last 12 months
3 year growth: -0.6%
5 year growth: +0.2%
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

Larchside Close, Spencers Wood, RG7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 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.

Stamp Duty Calculator

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