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Shared ownership
£175,000
Flat · 1 bed · 1 bath · 421 sq ft
Caversham Road, Reading, RG1
0.03 miles away
1/9
1/9
1 bed flat for sale Reading, RG1
Offers In Excess Of
£175,000
Added on 01/10/2026
Added on 01/10/2026
- Type
- Flat
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- £397 per sq ft
- Tenure
- Leasehold
- 170 years left(from the agent's description)
Service charge £2,028 a year(from the agent's description)No ground rent (peppercorn)(from the agent's description) Council tax Band B £2,032 a year
* From the agent's description. Check it with them before you rely on it.
Key features
- Central Reading Location
- 25 minutes to Paddington by train
- Investment oppotunity: 7% gross yield
- Private Courtyard
- One Bedroom
- No Onward Chain
- Town Centre Location
- Extended Lease
- Second Floor With Lift
- Well-Presented Throughout
About this property
Offered to the market with no onward chain, this well-presented one-bedroom apartment enjoys a prime position in the heart of Reading town centre, just a short walk from Reading Mainline Station, offering fast connections to London and beyond. An ideal purchase for first-time buyers, professionals, or investors seeking a property in a highly convenient and well-connected location.
Floorplan
Council tax
Band B £2,032 a year
Per year
- Band A£1,742
- Band BThis home: £2,032
- Band C£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 B, which costs £2,032 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
69 comparables · within 2.4 milesCheaper than 59% of the 1-bed flats for sale nearby right now.
This home, £175,000 Median £180,000 · £154,000 – £271,000
Per square foot
£397 1% over
1-bed flats nearby £394
Against sold prices
2% over
RG1 sold median £390 / sq ft, 1,016 sales
Compared with 69 1-bed flats for sale within 2.4 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
Reading, RG1
Mortgage and stamp duty
Property price £175,000
£87k £263k
Deposit10% £18,000
£0 £175k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £157,000 mortgage. Most lenders would want a household income of about £35,000 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 25, Malcolm Place, Caversham Road Flat / maisonette | Flat / maisonette | Jun 2019 | 452 sq ft £376/sq ft | 452 sq ft | £376 | £170,000 |
| Flat 20, Malcolm Place, Caversham Road Flat / maisonette | Flat / maisonette | Mar 2019 | 463 sq ft £423/sq ft | 463 sq ft | £423 | £196,000 |
| Flat 12, Malcolm Place, Caversham Road Flat / maisonette | Flat / maisonette | Dec 2018 | 441 sq ft £431/sq ft | 441 sq ft | £431 | £190,000 |
| Flat 11, Malcolm Place, Caversham Road Flat / maisonette | Flat / maisonette | Dec 2018 | 452 sq ft £409/sq ft | 452 sq ft | £409 | £185,000 |
| Flat 1, Malcolm Place, Caversham Road Flat / maisonette | Flat / maisonette | May 2017 | 463 sq ft £432/sq ft | 463 sq ft | £432 | £200,000 |
| Flat 7, Malcolm Place, Caversham Road Flat / maisonette | Flat / maisonette | Nov 2016 | 710 sq ft £366/sq ft | 710 sq ft | £366 | £260,000 |
| Flat 26, Malcolm Place, Caversham Road Flat / maisonette | Flat / maisonette | Mar 2016 | 431 sq ft £488/sq ft | 431 sq ft | £488 | £210,000 |
| Flat 1, Malcolm Place, Caversham Road Flat / maisonette | Flat / maisonette | Jun 2014 | 463 sq ft £315/sq ft | 463 sq ft | £315 | £146,000 |
Area insights
The neighbourhood around this property.
Marketed by
Keller Williams UK, KWUK Region
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