1/8
£275,000
3 beds · 2 baths
Gweal Avenue, Reading, United Kingdom, RG2
0.07 miles
away
Leasehold
Added on 16/09/2026 Winkworth
1/12
1/12
£170,000
Offers over 1 bed flat for sale Heron House, Kennet Island
1
bed Flat
Leasehold
Added on 16/09/2026
About this property
Priced to sell with a tenant in situ this Manhattan-style studio flat is an excellent investment opportunity ideally positioned in the popular Kennet Island development, offering strong rental demand and an attractive yield of approximately 7%. The property features a bright and modern open-plan living space with a clearly defined sleeping area, creating a practical, low-maintenance layout that appeals strongly to professional tenants. The kitchen is well equipped with integrated appliances.
Key features
- Manhattan-Style Studio Apartment
- Low Service Charge - approx £350 Per Year
- Ground Rent approx. £550 Per Year
- Council Tax Band: A
- Long Term Lease: 980 Years Remaining approximately
- Allocated Parking Space in Building Car Park
- Ideal Investment Opportunity: Approx. 7.2% gross yield
- No Chain
- Benefit From All Heron House + Kennet Island Amenities
- Low Risk, Stable Addition to any Portfolio
Floorplan
Location
Heron House, Kennet Island, RG2 0GN
- Council tax
- Band A (Approx £1,742/year)Reading's 2026/27 area average, including the typical parish precept for band A. Your bill may differ: single-person and other discounts may apply.
Mortgage and stamp duty
Property price £170,000
£85k £255k
Deposit10% £17,000
£0 £170k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £153,000 mortgage. Most lenders would want a household income of about £34,000 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 0GN. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| Flat 215, Heron House, Rushley Way Flat / maisonette | Flat / maisonette | Apr 2026 | 431 sq ft £395/sq ft | 431 sq ft | £395 | £170,000 |
| Flat 228, Heron House, Rushley Way Flat / maisonette | Flat / maisonette | Jan 2026 | 635 sq ft £387/sq ft | 635 sq ft | £387 | £246,000 |
| Flat 310, Heron House, Rushley Way Flat / maisonette | Flat / maisonette | Dec 2022 | 689 sq ft £377/sq ft | 689 sq ft | £377 | £260,000 |
| Flat 308, Heron House, Rushley Way Flat / maisonette | Flat / maisonette | Aug 2021 | 398 sq ft £521/sq ft | 398 sq ft | £521 | £207,500 |
| Flat 313, Heron House, Rushley Way Flat / maisonette | Flat / maisonette | Jun 2021 | 635 sq ft £433/sq ft | 635 sq ft | £433 | £275,000 |
| Flat 201, Heron House, Rushley Way Flat / maisonette | Flat / maisonette | May 2021 | 700 sq ft £390/sq ft | 700 sq ft | £390 | £273,000 |
| Flat 203, Heron House, Rushley Way Flat / maisonette | Flat / maisonette | Dec 2020 | 398 sq ft £515/sq ft | 398 sq ft | £515 | £205,000 |
| Flat 318, Heron House, Rushley Way Flat / maisonette | Flat / maisonette | Jan 2018 | 377 sq ft £597/sq ft | 377 sq ft | £597 | £225,000 |
Area insights
The neighbourhood around this property.
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