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2 bed flat for sale Compass House, Reading, RG1

Offers over

£220,000

Added on 15/09/2026

Type: Flat
Bedrooms: 2
Bathrooms: 1
Size: £306 per sq ft
Tenure: Ask agent

Council tax Band D £2,613 a year

Key features

Lease extension underway
Town centre
Access to the Oracle
Two bedrooms
Ideal for first time buyers and investors
Close to local amenities

About this property

Situated in the heart of Reading, is this two-bedroom apartment, within striking distance of the Oracle shopping centre. Being sold with no chain.

Situated in a sought-after central Reading location, this beautifully presented apartment at Compass House offers contemporary living ideal for professionals, first-time buyers, or investors alike.

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 1.5 miles

Cheaper than 76% of the 2-bed flats for sale nearby right now.

This home, £220,000 Median £259,500 · £185,000 – £330,000

Per square foot

£306 16% under

2-bed flats nearby £366

Against sold prices

21% under

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

Compared with 100 2-bed flats for sale within 1.5 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

Compass House, 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
22 Compass House, South Street Flat / maisonette	Flat / maisonette	Aug 2024	452 sq ft £398/sq ft	452 sq ft	£398	£180,000
24 Compass House, South Street Flat / maisonette	Flat / maisonette	Jun 2022	667 sq ft £334/sq ft	667 sq ft	£334	£223,000
29 Compass House, South Street Flat / maisonette	Flat / maisonette	Jan 2021	807 sq ft £284/sq ft	807 sq ft	£284	£229,000
23 Compass House, South Street Flat / maisonette	Flat / maisonette	Jun 2020	484 sq ft £403/sq ft	484 sq ft	£403	£195,000
23 Compass House, South Street Flat / maisonette	Flat / maisonette	Mar 2018	484 sq ft £434/sq ft	484 sq ft	£434	£210,000
28 Compass House, South Street Flat / maisonette	Flat / maisonette	Nov 2017	484 sq ft £434/sq ft	484 sq ft	£434	£210,252
30 Compass House, South Street Flat / maisonette	Flat / maisonette	May 2015	474 sq ft £348/sq ft	474 sq ft	£348	£165,000
27 Compass House, South Street Flat / maisonette	Flat / maisonette	Sept 2014	570 sq ft £263/sq ft	570 sq ft	£263	£150,000