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Balmore Drive, Caversham, Reading

South East

£850,000

Listed on 05/06/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
1475 sqft

Description

Situated on the coveted Balmore Drive in Caversham, this charming semi-detached family home offers a unique opportunity for renovation and expansion. With its classic bay-fronted facade and rich architectural character, the property features a well-laid out ground floor including a welcoming entrance hall, an elegant sitting room with a bay window, a separate dining room, a convenient ground floor WC, and a versatile family/garden room that overlooks the lush rear gardens. The first floor accommodates three spacious bedrooms alongside a family bathroom. The generous plot presents significant potential for extensions (subject to planning permission) allowing for further enhancement of living space. Mature gardens and driveway parking contribute to the sense of privacy while being ideally located near exclusive residents’ tennis courts and well-regarded schools. This property stands as an excellent canvas for those looking to create their dream family residence in one of Caversham's most desirable locales.

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Investment analysis

(RG4 area)

Above Market Value

This property is priced +23.4% above area average per sq ft

+23.4%
This Property
£576/sq ft
Area Average
£467/sq ft
Avg Rent (weekly)
£369
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£757,951
10% above area average per sq ft
Potential ROI
-18.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Balmore Drive, Caversham, Reading
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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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