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Chestnut Avenue, Wokingham, Berkshire RG41 - Image 1
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Chestnut Avenue, Wokingham, Berkshire RG41 - Image 3

Chestnut Avenue, Wokingham, Berkshire RG41

South East

£675,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Bungalow
Area
1674 sqft

Description

This spacious detached bungalow is located on a desirable tree-lined street in Wokingham, occupying a substantial corner plot. Previously configured as a three-bedroom residence, it features a variety of versatile living spaces including a spacious living room, a dining area, a home office, and a conservatory. With two bathrooms, one being en suite, plus an additional cloakroom, the layout offers flexibility for families or potential transformation into a more contemporary space. The property boasts generous outdoor areas with expansive lawns both at the front and rear, along with ample driveway parking for multiple vehicles. This bungalow's central position within its plot enhances its appeal and provides significant scope for modernization or expansion—subject to obtaining the necessary planning permissions. Strategically located near Wokingham town center and the mainline railway station, it also falls within the catchment of several reputable schools. This presents an attractive opportunity for investors or homeowners looking to create their dream property in a sought-after location.

Investment Analysis

(RG41 area)

Below Market Value

This property is priced -13.3% below area average per sq ft

-13.3%
Potential saving
This Property
£403/sq ft
Area Average
£465/sq ft
Avg Rent (weekly)
£396
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£856,619
10% above area average per sq ft
Potential ROI
+13.5%
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
17%
Properties sold annually

Local Market Trend (RG41)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -3.1%
5 year growth: +21.2%
Investment Disclaimer: Analysis based on RG41 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

Chestnut Avenue, Wokingham, Berkshire RG41
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,391
Based on a loan of £506,250 over 30 years at 3.91% 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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