Bishops Drive, Wokingham, Berkshire, RG40
South East
£340,000
Listed on 29/08/2026
Listed on 29/08/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
616 sqftFeatures
- Garden
- Parking
Description
This two-bedroom terraced house in the Glebe Park development is offered with no onward chain. The ground floor has an open arrangement linking the kitchen, dining area and reception space, while upstairs are two bedrooms, including a larger principal room and a second bedroom that could also be used as a guest room or home office. The property would benefit from updating, offering scope for a buyer to adapt the interiors to their preferences. Outside, there is a low-maintenance rear garden and two allocated parking spaces. The listing describes the town centre and Cantley Park as within walking distance, with road links to the motorway network.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
36out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a light-touch project in a sought-after Glebe Park setting: the home looks usable, with a sociable open-plan ground floor, two allocated parking spaces and an enclosed garden that could be tidied into a pleasant outdoor space. The older kitchen and bathroom finishes, living-room ceiling treatment and general decoration offer scope to refresh and put your own stamp on it, rather than take on a major refurb.
The main drawback is the price: at £552 per sq ft, the £340,000 asking price is well above the local average of £465. Even adding the £6,500–£15,000 refurb range leaves the purchase-plus-works cost stretched against the local benchmark for this floor area; that comparison is not a forecast of renovated value. The popular location and practical layout are appealing, but the numbers make this a weak overall opportunity at the asking price.
Key opportunities
- Refresh the older kitchen finishes and living-room ceiling treatment to give the sociable ground floor a more contemporary feel.
- Update the bathroom and general decoration as a manageable, light-touch improvement project.
- Clear and improve the enclosed rear garden, making better use of its paved sitting area.
Key risks
- At the asking price, even the stated refurb range leaves the purchase-plus-works outlay stretched against the local benchmark for a home of this size.
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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
£1,284
Based on a loan of £255,000 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
-9.3% since listed
£340,000£35,000(-9.3%)
04/10/2026£375,000Initial listing
29/08/2026Services
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