Worst House on the Street Logo
Derby Road, Caversham, Reading - Image 1
Derby Road, Caversham, Reading - Image 2
Derby Road, Caversham, Reading - Image 3
Derby Road, Caversham, Reading - Image 4
Derby Road, Caversham, Reading - Image 5
Derby Road, Caversham, Reading - Image 6
Derby Road, Caversham, Reading - Image 7
Derby Road, Caversham, Reading - Image 8
Derby Road, Caversham, Reading - Image 9

Derby Road, Caversham, Reading

South East

£155,000
Listed on 27/03/2026

Property Details

Bedrooms
2
Type
Apartment
Area
612 sqft

Description

This two-bedroom apartment in the sought-after Caversham area presents a valuable investment opportunity for those looking to enhance its appeal. Located within the Appleby House complex, this leasehold property is poised for modernization, allowing prospective buyers to tailor it into a stylish contemporary residence, or optimize it for rental income. The layout includes two bedrooms, a bathroom, and a spacious living area, with the added benefit of residents parking for convenience. Positioned just north of Reading town centre, it is within easy reach of Caversham’s vibrant selection of independent shops, cafes, and restaurants. The nearby Reading station provides efficient transport links to London Paddington and the surrounding Thames Valley region.

Investment Analysis

(RG4 area)

Below Market Value

This property is priced -46.1% below area average per sq ft

-46.1%
Potential saving
This Property
£253/sq ft
Area Average
£470/sq ft
Avg Rent (weekly)
£374
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£316,101
10% above area average per sq ft
Potential ROI
+70.9%
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

Derby Road, Caversham, Reading
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£559
Based on a loan of £116,250 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.