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Flaxman Close, Reading RG6

South East

£440,000
Listed on 25/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
829 sqft

Description

This semi-detached bungalow is nestled in a tranquil cul-de-sac within Earley, a suburb known for its community feel and convenient access to local amenities. Its layout currently features an entrance hall, a generously sized sitting room, a kitchen, and a garden room/conservatory that provides additional living space. The home includes two bedrooms, each outfitted with built-in wardrobes, along with a functional shower room. A key asset of the property is the attached garage equipped with electric light and power sockets, complemented by a driveway capable of accommodating up to four vehicles. The rear garden offers a blend of patio space and lawn, framed by mature shrubs and bushes. This outdoor area is fully enclosed for privacy and includes side access. Notably, the property comes with planning permission for a loft conversion that would introduce two additional bedrooms, each paired with en-suites—providing ample opportunity for expansion (PDF plans can be shared upon request). Moreover, there remains further potential for extension at the rear of the property, subject to obtaining the necessary planning approvals. Heating is provided by a recently installed gas-fired boiler, ensuring efficiency with all mains services connected. The location offers significant advantages; Earley features excellent transport links via the A33 and Junction 11 of the M4 motorway. It is in proximity to several primary schools including Whiteknights Primary School—just a short walk away—and falls within the catchment area for Maiden Erlegh Secondary School. The newly opened Reading Green Park Train Station enhances connectivity to both Basingstoke and Reading town centres. Local attractions include the Select Car Leasing Stadium, home of Reading Football Club, as well as various hotels like The Millennium and Hilton, corporate offices, and retail facilities. This property presents an appealing opportunity for renovation or investment, leveraging both its existing features and future potential in an increasingly desirable area.

Investment Analysis

(RG6 area)

Above Market Value

This property is priced +16.7% above area average per sq ft

+16.7%
This Property
£531/sq ft
Area Average
£455/sq ft
Avg Rent (weekly)
£375
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£44,000 - £110,000
10-25% of property value
Target Value
£414,732
10% above area average per sq ft
Potential ROI
-24.6%
After renovation
Monthly Sales
31
Average per month
Market Turnover
96%
Properties sold annually

Local Market Trend (RG6)

Area prices are stable by +1.7% over the last 12 months
3 year growth: 5.1%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on RG6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Flaxman Close, Reading RG6
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