Summary - 12, Queens Road, Caversham, READING RG4 8DL
2 bed 1 bath Terraced
Auction opportunity close to Reading station with strong rental prospects.
Victorian two-bedroom layout with bay window and period fireplace
Vacant freehold — sold by online auction, six-weeks completion
About 795 sq ft over two storeys; small rear garden/plot
Requires full refurbishment throughout; works and costs expected
Estimated rent £1,400–£1,500 pcm; gross yield ~7.3%–7.8% PAX
Medium flood risk — check insurance and flood mitigation costs
Fast broadband and excellent mobile signal; good transport links
Affluent area near Reading station and several ‘Good’ schools
A vacant, freehold Victorian terraced house in Caversham offered for sale by online auction with a six-week completion. The property totals about 795 sq ft over two storeys and requires comprehensive refurbishment, presenting a clear opportunity for a buyer prepared to invest in updating and modernising. Its period bay window and fireplace provide character that can be retained and enhanced.
Located close to Reading town centre and Reading station, the house suits investor buyers targeting rental income or owner-occupiers seeking a renovation project with good transport links. Estimated achievable rent is £1,400–£1,500 pcm, giving a gross yield of roughly 7.3%–7.8% depending on final costs and condition. Broadband speeds are fast and mobile signal is excellent.
Notable practical points: the property is vacant and ready for works, freehold, and in an affluent area with several well-regarded schools nearby. However it genuinely needs renovation throughout, the plot is small, and there is a medium flooding risk. Prospective buyers should allow for repair and upgrade costs and check insurance/finance implications for auction purchases.
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