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Hemdean Road, Caversham, Reading - Image 1
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Hemdean Road, Caversham, Reading

South East

£650,000

Listed on 21/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
1044 sqft

Description

Located within a well-established road and just a short stroll from Caversham centre, this three-bedroom detached home boasts a generous layout with significant renovation potential. Character features such as original fireplaces, panelled doors, and picture rails add to its charm, while the expansive 300ft rear garden, which backs onto parkland, offers ample space for outdoor enhancement or landscaping projects. The property includes a spacious entrance hall leading into reception areas, with the living/dining room providing direct access to the garden. The kitchen is equipped with integrated appliances but may benefit from modernization to suit contemporary tastes. Upstairs, all three bedrooms are accessible from the landing; the two major bedrooms afford lovely views. Off-street parking for two cars is available via a driveway leading to the garage. Hemdean Road is conveniently close to both Caversham and Reading centres as well as Reading mainline railway station, with reputable local schools within walking distance. This property presents an excellent opportunity for those looking to invest in a home requiring updates while enjoying strong community amenities.

Investment Analysis

(RG4 area)

Above Market Value

This property is priced +32.5% above area average per sq ft

+32.5%
This Property
£623/sq ft
Area Average
£470/sq ft
Avg Rent (weekly)
£355
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£539,691
10% above area average per sq ft
Potential ROI
-22.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (RG4)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -3.2%
5 year growth: +7.5%
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

Hemdean Road, Caversham, Reading
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,319
Based on a loan of £487,500 over 30 years at 3.97% 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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