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2 bed flat for sale Park Lane, Tilehurst, RG31

Asking price

£225,000

Reduced on 04/10/2026

Retirement home

Type: Flat
Bedrooms: 2
Bathrooms: 2
Size: £245 per sq ft
Tenure: Ask agent

Council tax Band E £3,193 a year

Key features

Two spacious double bedrooms
Exclusive for over 55’s
Private patio balcony
Master with en-suite shower
Built-in wardrobes in master
Spacious reception room
Natural light in kitchen
Close to public transport
Near local amenities and parks
Garage

About this property

This two-bedroom retirement home, available for sale and exclusively for over 55’s, is located in the village location of Tilehurst. The property is presented in good condition and offers convenient living with access to established public transport links and a range of local amenities.

The home features a spacious reception room with large windows and doors leading to a private patio balcony, providing a comfortable setting for relaxing or socialising. The kitchen benefits from natural light and is equipped with a built-in oven and hob, providing a functional cooking space.

Floorplan

Council tax

Band E £3,193 a year

Per year

Band A

£1,742
Band B

£2,032
Band C

£2,322
Band D

£2,613
Band E

This home: £3,193
Band F

£3,774
Band G

£4,355
Band H

£5,226

This home is in band E, which costs £3,193 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

This home

£245 / sq ft

Area average (sold)

£432 / sq ft

Price per area, sold homes nearby

£327 / sq ft

£245 / sq ft

£532 / sq ft

Lowest

This home

Highest

£245 per sq ft, below almost all recent sales in RG31 (£327–£532, 10th–90th percentile, 747 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 747 homes sold in RG31 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in RG31 →

Location

Park Lane, Tilehurst, RG31

Open map Street View

Mortgage and stamp duty

Property price £225,000

£112k £338k

Deposit10% £23,000

£0 £225k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £202,000 mortgage. Most lenders would want a household income of about £45,000 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
18, Oakwood Cottages, Pegasus Court Terraced	Terraced	Jul 2026	646 sq ft £471/sq ft	646 sq ft	£471	£304,250
84, Berkshire Lodge, Pegasus Court Flat / maisonette	Flat / maisonette	Jul 2026	657 sq ft £350/sq ft	657 sq ft	£350	£230,000
73, Cumberland Lodge, Pegasus Court Flat / maisonette	Flat / maisonette	Dec 2025	1,184 sq ft £220/sq ft	1,184 sq ft	£220	£260,000
68, Cumberland Lodge, Pegasus Court Flat / maisonette	Flat / maisonette	Sept 2025	495 sq ft £294/sq ft	495 sq ft	£294	£145,500
42, York Lodge, Pegasus Court Flat / maisonette	Flat / maisonette	Sept 2025	678 sq ft £276/sq ft	678 sq ft	£276	£187,500
30, York Lodge, Pegasus Court Flat / maisonette	Flat / maisonette	Sept 2025	527 sq ft £303/sq ft	527 sq ft	£303	£160,000
71, Cumberland Lodge, Pegasus Court Flat / maisonette	Flat / maisonette	May 2025	495 sq ft £313/sq ft	495 sq ft	£313	£155,000
63, Cumberland Lodge, Pegasus Court Flat / maisonette	Flat / maisonette	Feb 2025	506 sq ft £287/sq ft	506 sq ft	£287	£145,000