1/8
£165,000
1 bed · 1 bath
Puffin Way, Reading
0.04 miles
away
Leasehold
Added on 16/09/2026 
1/9
1/9
£180,000
Asking price 1 bed flat for sale Drake Way, Reading
1
bed Flat
Leasehold
Added on 16/09/2026
About this property
A modern one-bedroom first-floor flat, ideally located in the popular Kennet Island development, offering convenient transport links to Reading town centre, the Royal Berkshire Hospital and the University of Reading. The property is presented in immaculate condition and comprises a spacious open-plan living and kitchen area, well-proportioned bedroom and modern bathroom. Further benefits include allocated off-road parking, right by the entrance, and a high EPC rating of B.
Key features
- Modern one-bedroom first-floor flat
- Immaculate condition
- Allocated off-road parking right by the entrance
- Convenient transport links
- High EPC rating of B
- Service Charge: £1,690 pa
- Ground Rent: £533 pa
- With a 999-year lease from 1 January 2006
- Strong yield opportunity for investors
- No onward chain
Floorplan
Location
Drake Way, Reading, RG2 0WR
- Council tax
- Band D (Approx £2,613/year)The agent has not stated the band, so band D is shown as the local reference: Reading's 2026/27 area average, including the typical parish precept. The actual band and any discounts change the bill.
Mortgage and stamp duty
Property price £180,000
£90k £270k
Deposit10% £18,000
£0 £180k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £162,000 mortgage. Most lenders would want a household income of about £36,000 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.
Historic sold prices nearby
HM Land Registry sales in RG2 0WR. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| Flat 4, 27, Drake Way Flat / maisonette | Flat / maisonette | May 2025 | 484 sq ft £283/sq ft | 484 sq ft | £283 | £137,000 |
| 31, Drake Way Semi-detached | Semi-detached | Mar 2025 | 1,206 sq ft £390/sq ft | 1,206 sq ft | £390 | £470,000 |
| Flat 2, 27, Drake Way Flat / maisonette | Flat / maisonette | Sept 2022 | 614 sq ft £424/sq ft | 614 sq ft | £424 | £260,000 |
| 31, Drake Way Semi-detached | Semi-detached | May 2022 | 1,206 sq ft £361/sq ft | 1,206 sq ft | £361 | £435,000 |
| Flat 9, 27, Drake Way Flat / maisonette | Flat / maisonette | Apr 2022 | 484 sq ft £438/sq ft | 484 sq ft | £438 | £212,000 |
| Flat 6, 27, Drake Way Flat / maisonette | Flat / maisonette | Apr 2022 | 484 sq ft £403/sq ft | 484 sq ft | £403 | £195,000 |
| 25, Drake Way Semi-detached | Semi-detached | Jan 2021 | 1,184 sq ft £350/sq ft | 1,184 sq ft | £350 | £415,000 |
| Flat 2, 27, Drake Way Flat / maisonette | Flat / maisonette | Dec 2019 | 614 sq ft £383/sq ft | 614 sq ft | £383 | £235,000 |
Area insights
The neighbourhood around this property.
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