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1 bed flat for sale Chatham Place, Reading, RG1

Asking price

£180,000

Added on 16/09/2026

Type: Flat
Bedrooms: 1
Bathrooms: 1
Tenure: Leasehold

Council tax Band C £2,322 a year

Key features

Ideal First Time Buy or Investment Opportunity
No Onward Chain
One Bedroom 4th Floor Apartment With Lift
Secure Allocated Parking
Lease Extending To 189 Years On Completion
Town Centre Location & Train Station
Balcony
Open Plan Kitchen/Dining and Living Room
Outside Terrace For Residents

About this property

An excellent opportunity for first-time buyers and investors alike, this contemporary fourth-floor, one-bedroom apartment is now offered at a significantly reduced guide price of £180,000, with an attractive potential gross rental yield of approximately 8.6%. Situated within a well-maintained building with lift access, the apartment benefits from secure allocated parking and a communal residents' terrace, providing a pleasant outdoor space. The well-presented accommodation comprises a spacious double bedroom with ample storage, a modern bathroom and a bright open-plan living/dining area, complemented by a fitted kitchen with integrated appliances.

Floorplan

Council tax

Band C £2,322 a year

Per year

Band A

£1,742
Band B

£2,032
Band C

This home: £2,322
Band D

£2,613
Band E

£3,193
Band F

£3,774
Band G

£4,355
Band H

£5,226

This home is in band C, which costs £2,322 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

68 comparables · within 2.2 miles

Priced around the middle of the 1-bed flats for sale nearby right now.

This home, £180,000 Median £180,000 · £153,500 – £271,500

Compared with 68 1-bed flats for sale within 2.2 miles, on the market now or already under offer. The range is the middle 80% of their asking prices.

Location

Chatham Place, Reading, RG1

Open map Street View

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.

Properties sold nearby

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

Address	Type	Sold	Size	Size	£/sq ft	Price
Flat 92, Mayer House, Chatham Place Flat / maisonette	Flat / maisonette	Mar 2024	484 sq ft £403/sq ft	484 sq ft	£403	£195,000
Flat 84, Mayer House, Chatham Place Flat / maisonette	Flat / maisonette	Jan 2024	775 sq ft £387/sq ft	775 sq ft	£387	£300,000
Flat 49, Mayer House, Chatham Place Flat / maisonette	Flat / maisonette	Aug 2023	764 sq ft £174/sq ft	764 sq ft	£174	£133,000
Flat 43, Mayer House, Chatham Place Flat / maisonette	Flat / maisonette	May 2023	753 sq ft £392/sq ft	753 sq ft	£392	£295,000
Flat 30, Mayer House, Chatham Place Flat / maisonette	Flat / maisonette	Jan 2023	506 sq ft £145/sq ft	506 sq ft	£145	£73,500
Flat 12, Mayer House, Chatham Place Flat / maisonette	Flat / maisonette	Sept 2021	840 sq ft £238/sq ft	840 sq ft	£238	£200,000
Flat 52, Mayer House, Chatham Place Flat / maisonette	Flat / maisonette	Jan 2019	850 sq ft £318/sq ft	850 sq ft	£318	£270,000
Flat 57, Mayer House, Chatham Place Flat / maisonette	Flat / maisonette	May 2018	850 sq ft £100/sq ft	850 sq ft	£100	£85,000