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Waverley Road, Reading

South East

£350,000
Listed on 25/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
924 sqft

Description

This Victorian terrace offers a unique opportunity for renovation and investment, featuring three bedrooms and two reception rooms across an area of 86 sq. m. (924 sq. ft.). One of its notable advantages is a generous 45-foot rear garden, providing ample outdoor space that can be transformed into a personal oasis or developed further. Located on a peaceful, tree-lined road approximately two miles west of Reading town center, this property benefits from easy access to multiple amenities. Within a short walk, residents will find Prospect Park, the well-regarded Wilson Primary School, and various public transport links including frequent bus services and proximity to both Reading West and Tilehurst train stations. These connections ensure easy commuting to destinations such as London Paddington, Oxford, Newbury, and Basingstoke. The exterior features a gravel front courtyard bordered by a low wall with an inviting entrance. Inside, the ground floor showcases an appealing layout with a bay-windowed living room at the front and a separate dining room at the rear. The kitchen connects directly to the dining area and boasts contemporary cabinetry along with a large window that allows natural light to fill the space. On the upper level, there are three well-sized bedrooms along with a side-facing bathroom equipped with essential fixtures. The rear garden is enclosed by wooden fencing and includes both paved seating areas and green lawn space suitable for various landscaping ideas. This property also presents significant potential for expansion; opportunities exist to extend either to the rear or into the loft (subject to necessary planning permissions). Several neighboring homes have already capitalized on these possibilities, creating additional living space while taking advantage of views towards the Chiltern Hills. With UPVC double glazing throughout and gas central heating provided by a combi boiler, this home merges classic Victorian charm with modern conveniences. Its appealing location combined with potential for growth makes it an attractive prospect for those looking to invest in residential real estate in the area. For more information or to arrange a viewing, please reach out directly.

Investment Analysis

(RG30 area)

Above Market Value

This property is priced +0.5% above area average per sq ft

+0.5%
This Property
£379/sq ft
Area Average
£377/sq ft
Avg Rent (weekly)
£311
Avg Yield
5.0%

Renovation Potential

Est. Renovation Cost
£35,000 - £87,500
10-25% of property value
Target Value
£383,030
10% above area average per sq ft
Potential ROI
-12.5%
After renovation
Monthly Sales
39
Average per month
Market Turnover
55%
Properties sold annually

Local Market Trend (RG30)

Area prices are rising by +5.6% over the last 12 months
3 year growth: 12.2%
5 year growth: 22.6%
Investment Disclaimer: Analysis based on RG30 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Waverley Road, Reading
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