Summary - Queens Road, Caversham, Reading, RG4 RG4 8DL
2 bed 1 bath Terraced
Auction lot near Reading station with clear rental upside.
Freehold Victorian mid-terrace two-bedroom house
Vacant possession — sold at online auction, six-week completion
Requires full refurbishment and modernisation throughout
Approx 795 sq ft; small rear garden
Estimated rent £1,400–£1,500 pcm; gross yield c.7.3–7.8% p.a.
Solid brick walls assumed uninsulated; insulation likely required
Medium flood risk in the locality — factor mitigation costs
Double glazing installed post-2002; mains gas central heating
This vacant Victorian mid-terrace in Caversham offers a straightforward refurbishment project with clear rental or owner-occupier potential. The house is a freehold two-bedroom property close to Reading town centre and within easy reach of Reading station, making it attractive for commuters and landlords seeking reliable demand.
The property retains period character — bay windows, fireplaces and high ceilings — and benefits from double glazing and mains gas central heating. A small rear garden adds outdoor space. At around 795 sq ft, the layout suits a compact family, sharers or a buy-to-let with an estimated rent of £1,400–£1,500 pcm (gross yield c.7.3–7.8% p.a., depending on final condition).
Important negatives are plain: the house requires full refurbishment, including likely upgrades to insulation (solid brick walls assumed uninsulated) and modernisation throughout. There is a medium flood risk in the area and the lot will be sold at online auction with a six-week completion — buyers must be prepared for a fast timetable and purchase-as-seen.
With an affluent local area and good schools nearby, this mid-terrace suits investors and hands-on buyers wanting to add value through renovation. The combination of location, period charm and vacant possession gives control for a chosen specification, but budget clearly for works and mitigation of flood risk before occupancy or re-letting.
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