Reading Road, Henley-on-Thames, Oxfordshire

At £425,000, this Grade II listed Henley terrace is priced below the local average per square foot, giving project buyers a relatively attractive entry point in a sought-after town-centre setting. Its period fireplaces, two reception rooms, three double bedrooms and rear courtyard provide a good base for a considered update; the dated galley kitchen, worn bathroom, marked finishes and stained carpets offer clear scope to personalise it. The cellar has dark staining along parts of the wall-floor junction, which merits investigation, while the roof condition cannot be assessed from the exterior image.

The overall opportunity is nevertheless weak on the numbers: once purchase and works are considered, costs look tight against local benchmarks. Grade II listing also means any proposed changes, including the stated side-extension potential, need careful verification of the relevant consents and restrictions.