Worst House on the Street Logo
Matlock Road, Caversham Heights, Reading - Image 1
Matlock Road, Caversham Heights, Reading - Image 2
Matlock Road, Caversham Heights, Reading - Image 3
Matlock Road, Caversham Heights, Reading - Image 4
Matlock Road, Caversham Heights, Reading - Image 5
Matlock Road, Caversham Heights, Reading - Image 6
Matlock Road, Caversham Heights, Reading - Image 7
Matlock Road, Caversham Heights, Reading - Image 8
Matlock Road, Caversham Heights, Reading - Image 9
Matlock Road, Caversham Heights, Reading - Image 10
Matlock Road, Caversham Heights, Reading - Image 11
Matlock Road, Caversham Heights, Reading - Image 12
Matlock Road, Caversham Heights, Reading - Image 13

Matlock Road, Caversham Heights, Reading

South East

£620,000

Listed on 04/06/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1397 sqft

Description

This four-bedroom semi-detached home, showcasing classic Edwardian architecture with a charming bay front, presents a significant opportunity for renovation in the desirable Caversham Heights area. The property is set within a tranquil 90ft secluded garden that faces west, ideal for those looking to create an outdoor retreat. While it currently requires modernisation throughout, its spacious layout offers immense potential for reconfiguration or modernization to suit contemporary living standards. Located just north of the River Thames, this home benefits from a village atmosphere while being close to Reading town centre and various amenities including shops, bars, and excellent transport links. The surrounding area boasts beautiful riverside paths and scenic walks, alongside reputable schools and health facilities. The ground floor includes multiple reception rooms and a kitchen area ripe for updating, while the first floor features generous bedrooms with distinctive features like ornate fireplaces and ample natural light. With no onward chain complicating matters, this property stands as a promising investment for those willing to undertake refurbishment.

Investment Analysis

(RG4 area)

Below Market Value

This property is priced -5.4% below area average per sq ft

-5.4%
Potential saving
This Property
£444/sq ft
Area Average
£469/sq ft
Avg Rent (weekly)
£347
Avg Yield
3.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£720,635
10% above area average per sq ft
Potential ROI
+2.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (RG4)

Area prices are stable by +0.8% over the last 12 months
3 year growth: -3.8%
5 year growth: +7.1%
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

Matlock Road, Caversham Heights, Reading
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,342
Based on a loan of £465,000 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

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.

Allcott Associates