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Nelson Road, Caversham

South East

£475,000

Listed on 07/05/2026

Property details

Bedrooms
6
Type
Semi Detached
Area
1359 sqft

Description

This substantial period property presents a unique investment opportunity, currently configured as three self-contained flats, and is located in a well-connected area close to local amenities and transport links. The property's rear extension has increased its footprint, providing ample space for further development. While the interiors are in need of modernisation, this offers an ideal canvas for investors or developers looking to enhance the existing accommodation through refurbishment or reconfiguration, subject to obtaining the necessary consents. With generous external space and potential for value addition, this property is positioned just a short distance from Reading town centre. The flexibility of the layout combined with its location makes it an attractive prospect for those aiming to create a profitable rental income or a sizable family residence. Early viewings are encouraged as there is no onward chain.

Investment analysis

(RG4 area)

Below Market Value

This property is priced -25.2% below area average per sq ft

-25.2%
Potential saving
This Property
£350/sq ft
Area Average
£467/sq ft
Avg Rent (weekly)
£369
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£698,343
10% above area average per sq ft
Potential ROI
+17.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (RG4)

Area prices are rising by +2.8% over the last 12 months
3 year growth: -3.7%
5 year growth: +6.2%
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

Nelson Road, Caversham
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,794
Based on a loan of £356,250 over 30 years at 4.45% 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.

Stamp duty calculator

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