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Melrose Gardens, Arborfield Cross, Reading RG2 - Image 1
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Melrose Gardens, Arborfield Cross, Reading RG2

South East

£450,000

Listed on 26/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
970 sqft

Description

Set in a sought-after semi-rural area, this detached residence offers a promising canvas for those looking to transform a property into their dream home. With ample potential for extensions, pending planning approval, this home caters perfectly to buyers aiming to invest and increase value. Inside, the layout is adaptable, providing opportunities for reconfiguration to better suit contemporary family lifestyles. Although the interiors call for comprehensive updating, the property's robust structure presents a strong base for renovation. Surrounding the house is generous outdoor space, ripe for personal landscaping or further development. Additionally, the absence of a chain facilitates an uncomplicated purchasing process.

Investment Analysis

(RG2 area)

Above Market Value

This property is priced +10.2% above area average per sq ft

+10.2%
This Property
£464/sq ft
Area Average
£421/sq ft
Avg Rent (weekly)
£387
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£449,367
10% above area average per sq ft
Potential ROI
-13.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (RG2)

Area prices are falling by -6.5% over the last 12 months
3 year growth: -4.1%
5 year growth: +6.0%
Investment Disclaimer: Analysis based on RG2 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

Melrose Gardens, Arborfield Cross, Reading RG2
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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
£1,700
Based on a loan of £337,500 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

-5.3% since listed
£450,000£25,000(-5.3%)
25/05/2026
Current price
£475,000Initial listing
21/04/2026

Next Steps

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