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Greystoke Road, Caversham, Reading - Image 1
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Greystoke Road, Caversham, Reading

South East

£500,000

Listed on 04/09/2026

The listing

Property details

Bedrooms
3
Type
Detached
Area
1309 sqft

Description

This three-bedroom detached house presents a promising opportunity for renovation, located on a prestigious road off Grosvenor Road. The property occupies a generous and secluded plot, offering ample scope for extension and enhancement. With a garage and parking available, it is situated just 0.5 miles north of Caversham centre, providing a peaceful setting while remaining close to local amenities. Caversham boasts a vibrant community with a variety of shops, bars, and restaurants, as well as excellent schooling options. The nearby Reading Station offers convenient access to London (Paddington in 25 minutes) and has been enhanced by the arrival of Crossrail. The area also borders the picturesque South Oxfordshire countryside, featuring golf courses and recreational facilities like the Mapledurham Gym & Rivermead Sports Complex. Inside, the home features a reception hall leading to a spacious living/dining room with double glazed windows and a central tiled fireplace. A sitting room opens to a garden room with French doors, while the kitchen includes essential appliances and space for dining. Upstairs, the bedrooms offer fitted wardrobes and pleasant views. The bathroom is equipped with essential fixtures and an airing cupboard. The rear garden is a standout feature, being generously sized and predominantly laid to lawn, surrounded by mature hedging and trees for privacy. A paved patio area complements the outdoor space, which extends approximately 98 feet. Accessed via double wrought iron gates, the property includes off-road parking for three vehicles, alongside a carport and garage with power. This home is being offered as a freehold, making it an attractive proposition for those looking to invest in a property with significant potential.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

67out of 100
Grade CPotential opportunity

Confidence: MEDIUM

This three-bedroom detached house presents a fine opportunity to acquire a property in a sought-after location, especially at the asking price of £500,000, which is significantly below the local average at £382/sqf compared to £467/sqf. This 18.2% discount offers excellent potential for those looking to add value through modernisation. The property has a dated interior, with general signs of wear throughout, but this provides a blank canvas for renovation enthusiasts. The garden, in particular, is a generous and established space, perfect for enhancing outdoor living.

While the kitchen and bathroom are in need of refurbishment, the overall layout and potential for extension on this secluded plot add considerable appeal. With a renovation budget estimated between £40,000 and £80,000, there is ample opportunity to create a stylish family home that capitalises on its good location near Caversham centre and proximity to excellent transport links. This property is ideal for buyers looking to invest in a project that can yield significant rewards.

Key opportunities

  • Significantly below local average price per square foot, providing a strong entry point for investment.
  • Generous and established garden, ideal for outdoor enhancements.
  • Potential to extend and modernise the property to suit personal preferences.

Key risks

None recorded.

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Map

Location

Greystoke Road, Caversham, Reading
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 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.

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