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

South East

£850,000
Listed on 28/03/2026

Property Details

Bedrooms
4
Type
Detached
Area
1737 sqft

Description

Presenting an intriguing opportunity for renovation enthusiasts, this detached residence is situated in a desirable area of Wokingham alongside Windmill Pond. Originally constructed in the 1950s with three bedrooms, the home has since been modified to include a fourth bedroom annex featuring its own living space and shower facilities. While it requires modern updates, the property holds significant potential for buyers interested in reimagining the layout or expanding its footprint, subject to appropriate planning permissions. The setting offers picturesque views over the pond, enhancing its overall appeal. With a garden oriented to capture sunlight from morning till evening, there is an abundance of opportunity for outdoor enhancements as well. Practical amenities include a spacious gravel driveway and well-maintained borders, with additional landscaping possibilities to increase parking capacity. Local schooling options are commendable, providing access to several highly-rated institutions. Additionally, proximity to Wokingham's shops and transport links makes this location particularly convenient. In summary, Waters Edge not only promises a tranquil lifestyle complemented by natural beauty but also invites prospective owners to explore extensive renovation options that can significantly elevate the property's value.

Investment Analysis

(RG41 area)

Above Market Value

This property is priced +5.2% above area average per sq ft

+5.2%
This Property
£489/sq ft
Area Average
£465/sq ft
Avg Rent (weekly)
£382
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£888,380
10% above area average per sq ft
Potential ROI
-6.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (RG41)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -0.3%
5 year growth: +23.3%
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 RG41
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,066
Based on a loan of £637,500 over 30 years at 4.06% 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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