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2 bed flat for sale South Street, Reading, RG1

Offers over

£220,000

Added on 25/09/2026

Type: Flat
Bedrooms: 2
Bathrooms: 1
Size: £409 per sq ft
Tenure: Leasehold; 100 years left(from the agent's description)

Service charge £1,900 a yearGround rent £370 a year Council tax Band D £2,613 a year

* From the agent's description. Check it with them before you rely on it.

Key features

Two Bedrooms
No Onward Chain
Open Plan Lounge/Kitchen/Diner
Balcony
Gated Parking
Town Centre Location

About this property

The property offers light and spacious accommodation comprising: entrance hallway, two double bedrooms, bathroom and an open-plan kitchen/lounge/diner.

The property also benefits from gated parking and a good-sized balcony, Viewing is recommended.

At the time of Instruction, we have been advised by the vendors of the following information:

Floorplan

Council tax

Band D £2,613 a year

Per year

Band A

£1,742
Band B

£2,032
Band C

£2,322
Band D

This home: £2,613
Band E

£3,193
Band F

£3,774
Band G

£4,355
Band H

£5,226

This home is in band D, which costs £2,613 a year in Reading for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Reading, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

100 comparables · within 1.4 miles

Cheaper than 72% of the 2-bed flats for sale nearby right now.

This home, £220,000 Median £250,000 · £185,000 – £330,000

Per square foot

£409 12% over

2-bed flats nearby £366

Against sold prices

5% over

RG1 sold median £390 / sq ft, 1,016 sales

Compared with 100 2-bed flats for sale within 1.4 miles, on the market now or already under offer. The range is the middle 80% of their asking prices. Sold prices are HM Land Registry sales in RG1 over the last 24 months, per square foot of EPC floor area. All sold £/sq ft in RG1 →

Location

South Street, Reading, RG1

Open map Street View

Mortgage and stamp duty

Property price £220,000

£110k £330k

Deposit10% £22,000

£0 £220k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £198,000 mortgage. Most lenders would want a household income of about £44,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
10 Compass House, South Street Flat / maisonette	Flat / maisonette	Feb 2023	936 sq ft £372/sq ft	936 sq ft	£372	£348,000
15 Compass House, South Street Flat / maisonette	Flat / maisonette	Sept 2022	581 sq ft £447/sq ft	581 sq ft	£447	£260,000
17 Compass House, South Street Flat / maisonette	Flat / maisonette	Jul 2022	635 sq ft £449/sq ft	635 sq ft	£449	£285,000
14 Compass House, South Street Flat / maisonette	Flat / maisonette	Jun 2022	893 sq ft £308/sq ft	893 sq ft	£308	£275,000
7 Compass House, South Street Flat / maisonette	Flat / maisonette	May 2022	678 sq ft £369/sq ft	678 sq ft	£369	£250,000
17 Compass House, South Street Flat / maisonette	Flat / maisonette	Apr 2019	635 sq ft £417/sq ft	635 sq ft	£417	£265,000
6 Compass House, South Street Flat / maisonette	Flat / maisonette	Oct 2014	538 sq ft £418/sq ft	538 sq ft	£418	£225,000
7 Compass House, South Street Flat / maisonette	Flat / maisonette	Oct 2013	678 sq ft £302/sq ft	678 sq ft	£302	£205,000