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Reeves Way, Wokingham, Berkshire RG41

South East

£785,000

Listed on 29/06/2026

Property details

Bedrooms
4
Type
Detached
Area
1300 sqft

Description

This family residence presents a unique opportunity for buyers looking to invest in a property with significant potential for renovation. Positioned on the outskirts of Wokingham town centre, it combines the tranquillity of suburban life with convenient access to local amenities. The beautiful street scene and proximity to parks and playing fields make it an ideal setting for families, providing safe spaces for children to play.

The house features an appealing facade and a spacious driveway, set on a desirable corner plot that offers ample outdoor space. Inside, natural light fills every room, enhancing the flow of the well-designed layout that suits modern family living. There is considerable scope for extension or refurbishment (subject to planning permissions), allowing you to tailor the home to your preferences.

Upon entering, you are greeted by a sizable entrance hall leading into a cozy living room bathed in natural light from the front-facing window. The dining room is perfect for gatherings, while the kitchen offers generous storage and workspace with a breakfast area - all primed for updates or customization. A converted utility room provides additional functionality and plumbing if you wish to revert it back into a WC.

Upstairs, four spacious bedrooms await, suitable for various needs from children's rooms to guest accommodations or even home office setups. The principal bedroom boasts an en-suite bathroom and fitted wardrobes. A stylish family bathroom serves the other bedrooms efficiently, complemented by access to a loft that can be transformed into further usable space.

Outside, the south-facing garden is a significant feature, ideal for outdoor entertaining or gardening enthusiasts with its level lawn and patio area enhanced by features like a pergola and greenhouse.

This property is situated in an area known for highly regarded schools and offers easy transport links via train to London after recent improvements on services. An inspection is highly encouraged as opportunities like this are rare.

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Investment analysis

(RG41 area)

Above Market Value

This property is priced +29.5% above area average per sq ft

+29.5%
This Property
£604/sq ft
Area Average
£466/sq ft
Avg Rent (weekly)
£377
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£666,881
10% above area average per sq ft
Potential ROI
-19.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (RG41)

Area prices are falling by -3.6% over the last 12 months
3 year growth: -3.9%
5 year growth: +16.2%
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

Reeves Way, Wokingham, Berkshire RG41
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,966
Based on a loan of £588,750 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.

Stamp duty calculator

Price History

-1.9% since listed
£785,000£15,000(-1.9%)
17/05/2026
Current price
£800,000Initial listing
13/04/2026

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