An exceptional opportunity to acquire a large consented property in the highly regarded Caversham area of Reading, offering the potential to create a truly bespoke family home. The property benefits from full planning permission for conversion to a single private dwelling of approximately 4,100 sq ft arranged over three floors, providing a rare chance to shape a substantial residence to individual taste.

The approved scheme allows for the change of use from former educational accommodation, together with associated external works, offering a clear and deliverable route to development while allowing flexibility over layout, specification and finish. The scale of the building lends itself to generous living accommodation, making it particularly attractive to owner-occupiers seeking space, privacy and long-term appeal, as well as developers looking to deliver a high-quality residential home.

Situated in Caversham, the property benefits from a well-established residential setting just a short distance from Caversham centre, which offers an excellent selection of shops, supermarkets, cafés and restaurants. The area is particularly well regarded for its schooling, with a number of options nearby, including Queen Anne’s School, The Oratory, Kendrick School, The Abbey School and Reading School. There are also attractive green spaces, golf clubs and a health club with swimming facilities within easy reach. Reading town centre is conveniently accessible, providing a comprehensive range of retail and leisure amenities, together with a mainline station offering fast services to London Paddington and the Elizabeth Line into central London. Reading Station is approximately a 15-minute walk from the property, and the M4 motorway is readily accessible via Junctions 11 and 12.

Rooms

Auction
To be sold by online auction (unconditional) on Thursday 26th March 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00.

To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk. Enter via the driveway noted as Caversham Preparatory School and park on the left or directly in front of you. Please do not park in the immediate right-hand spaces in front of the school building. The property is situated diagonally to the left across the car park and can be identified by its steps up to double white entrance doors. For clarity, on completion the property will benefit from its own private driveway and a clearly defined, separate boundary from the nursery and school grounds.

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure
Freehold with vacant possession.

Business rates
Reading

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.

Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees
A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.

Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of His Majesty's Stationery Office @ Crown copyright. All rights reserved, Licence no: 100020449.

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