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Chestnut Avenue, Wokingham, Berkshire RG41

South East

£700,000

Listed on 09/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1153 sqft

Description

Nestled on a prominent and attractive tree-lined avenue in Wokingham, this spacious detached bungalow stands on a generous plot, providing an excellent opportunity for renovation or redevelopment (subject to obtaining the necessary planning permissions). Currently configured as a three-bedroom residence, it features a living room, dining area, and a kitchen that overlooks the expansive private rear garden. The principal bedroom benefits from an en-suite w/c, complemented by a separate family bathroom. The property is centrally positioned on its plot, showcasing a substantial lawned frontage and ample off-road parking for multiple vehicles, with access to a single garage. Conveniently located near Wokingham town centre and the mainline railway station, it also lies within the catchment area for several reputable local schools. This adaptable home not only holds significant potential for modernisation and expansion but also represents a rare chance for investors or homeowners eager to create their ideal living space.

Investment Analysis

(RG41 area)

Above Market Value

This property is priced +29.3% above area average per sq ft

+29.3%
This Property
£607/sq ft
Area Average
£470/sq ft
Avg Rent (weekly)
£384
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£595,721
10% above area average per sq ft
Potential ROI
-23.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (RG41)

Area prices are falling by -3.1% over the last 12 months
3 year growth: -3.2%
5 year growth: +19.0%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,645
Based on a loan of £525,000 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.

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