2-bedroom house · RG4 8JH
Listing removedListed 86 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nea lettings: A well-presented two double bedroom mid-terrace home, ideally situated in the heart of Caversham, within easy walking distance of local shops, restaurants and leisure facilities.
Reading mainline railway station is approximately a 15-minute walk away, offering regular high-speed services to London Paddington in as little as 25 minutes.
The accommodation comprises a living room, separate dining room and fitted kitchen to the ground floor. Upstairs are two generous double bedrooms and a family bathroom.
Externally, the property benefits from an enclosed rear garden with a large storage shed. EPC Rating: D.
Disclaimer: These particulars are intended as a general guide only and do not form part of any contract or offer.
Whilst every effort has been made to ensure the accuracy of the information provided, nea Lettings cannot guarantee that all details are complete or free from error.
Any photographs, videos, floor plans and other marketing material are believed to provide a fair representation of the property at the time they were produced.
If you choose to make an offer without first undertaking a physical viewing, you should ensure that you have carried out all necessary investigations and are satisfied that the property meets your requirements before proceeding.
Living Room (4.2 x 4.0 (13'9" x 13'1")) A light and airy living room with original wooden floorboards. There is a working fireplace and two small built in cupboards for storage.
Dining Room (3.7 x 3.1 (12'1" x 10'2")) A good size dining room perfect for entertaining. Original wooden floorboards, built in sideboard, an working fireplace, under stairs storage, door to kitchen.
Kitchen (3.0 x 2.1 (9'10" x 6'10")) A modern kitchen with views to the garden.
Appliances include washing machine, five ring gas hob, double electric oven and filter extractor, slimline dishwasher, a large fridge freezer.
The kitchen has plenty of storage cupboards and work space and sink under the window, back door leading to garden. Garden A well designed enclosed paved garden, with an area of AstroTurf.
At the bottom of the garden is a large shed with plenty of storage and has electricity.
Bedroom One (4.0 x 3.3 (13'1" x 10'9" )) A spacious carpeted double bedroom with two windows overlooking the street. Mirrored built in wardrobes run across one wall.
Bedroom Two (3.7 x 2.3 (12'1" x 7'6")) A good size carpeted double bedroom, with views over the garden plus an original feature fireplace. Bathroom A large upstairs bathroom, with plenty of character.
The three piece suite comprises of low level w/c, bath with wall mounted shower, wash hand basin set into a spacious storage cupboard.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 23, Chester Street, Reading
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