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Caversham - Sought after Private Road, Thameside Village location, RG4

South East

£850,000

Listed on 05/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1475 sqft

Description

Situated on the sought-after Balmore Drive, this traditional bay-fronted semi-detached family home offers a compelling opportunity for those looking to invest in property with significant renovation and expansion potential (subject to planning). The residence showcases spacious living areas including a welcoming entrance hall, an inviting sitting room highlighted by a bay window, a separate dining area, and a versatile family/garden room that provides views over the mature rear garden. On the first floor, you will find three generously sized bedrooms accompanied by a family bathroom. The private outdoor space includes driveway parking and expansive gardens that promote privacy and seclusion. This characterful property not only offers comfortable living but also has enormous scope for enhancement or extension, making it ideal for families seeking to create their dream home within one of Caversham's most prestigious addresses. Proximity to excellent schools, local amenities, and transport links further enhances its investment appeal.

Investment Analysis

(RG4 area)

Above Market Value

This property is priced +22.9% above area average per sq ft

+22.9%
This Property
£576/sq ft
Area Average
£469/sq ft
Avg Rent (weekly)
£347
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£760,871
10% above area average per sq ft
Potential ROI
-15.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Caversham - Sought after Private Road, Thameside Village location, RG4
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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
£3,211
Based on a loan of £637,500 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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