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Chetwode Close, Wokingham RG40 - Image 1
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Chetwode Close, Wokingham RG40

South East

£850,000
Listed on 20/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2274 sqft

Description

This spacious 5-bedroom detached home, complete with a self-contained annexe, presents an excellent opportunity for renovation and investment. Set within a quiet cul-de-sac, the property is conveniently located just off Rances Lane and approximately half a mile from Wokingham Town Centre, offering easy access to local amenities and transport options. The main residence features four bedrooms, a family bathroom, and multiple living spaces including a lounge that overlooks the garden, a dining room, and a kitchen/breakfast room with ample storage. It benefits from gas central heating and double glazing throughout. The layout provides clear potential for modernization or reconfiguration to maximize space and comfort. The self-contained annexe includes its own entrance hall, bedroom, bathroom, living/dining area, and kitchen—ideal for guests or as an independent rental space. While it requires substantial refurbishment to bring it up to modern standards, the potential for value addition is significant. The generous rear garden spans approximately 60 feet in length and offers an inviting outdoor space that could be transformed into an attractive area for both families and tenants alike. Parking is provided by two single garages with light and power connections, along with driveway space for additional vehicles. The property is well-situated within reach of the A329M which connects quickly to the M4 (J10) as well as transit routes towards Reading and Bracknell. With no onward chain complicating the process of purchase, this property stands out as a viable project for those looking to invest in a home that can be tailored to meet contemporary expectations while capitalizing on its desirable location near schools (including St Crispin's) and public transport services. This house has long been utilized as a rental property but now awaits new owners who can unlock its full potential through thoughtful updates and enhancements. Consider this unique opportunity that combines spacious living with promising investment possibilities.

Investment Analysis

(RG40 area)

Below Market Value

This property is priced -20.0% below area average per sq ft

-20.0%
Potential saving
This Property
£374/sq ft
Area Average
£467/sq ft
Avg Rent (weekly)
£416
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£1,169,279
10% above area average per sq ft
Potential ROI
+23.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (RG40)

Area prices are rising by +7.6% over the last 12 months
3 year growth: 5.2%
5 year growth: 14.0%
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

Chetwode Close, Wokingham RG40
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,114
Based on a loan of £637,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE