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Caversham, Berkshire, RG4

South East

£650,000
Listed on 27/03/2026

Property Details

Bedrooms
4
Type
Cottage
Area
1328 sqft

Description

This Grade II listed property, known as The Old Cottage, presents a remarkable opportunity for renovation in the desirable Caversham area. With roots tracing back to the mid-1600s, this residence boasts four bedrooms and offers the flexibility of three reception rooms, making it an appealing canvas for modern living. While the property possesses significant historical charm, it is evident that updating and modernisation will enhance its appeal and value. Set within a tranquil garden surrounded by mature hedges, it remains conveniently located just moments from the vibrant Caversham town centre. Here, residents can enjoy a variety of shops, including both well-known chains and unique independent retailers. Additionally, outdoor enthusiasts will appreciate easy access to the River Thames for leisure activities. Commuting is convenient with Reading mainline station only two miles away, providing fast connections to London in under 25 minutes. This property not only offers a glimpse into history but also significant potential for transformation into a contemporary family home.

Investment Analysis

(RG4 area)

Above Market Value

This property is priced +4.2% above area average per sq ft

+4.2%
This Property
£489/sq ft
Area Average
£470/sq ft
Avg Rent (weekly)
£374
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£685,919
10% above area average per sq ft
Potential ROI
-8.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (RG4)

Area prices are rising by +4.5% over the last 12 months
3 year growth: -0.7%
5 year growth: +11.0%
Investment Disclaimer: Analysis based on RG4 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

Caversham, Berkshire, RG4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 over 30 years at 4.06% 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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