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1 bed flat for sale Palmer Street, Reading, RG1

Asking price

£70,000

Added on 03/10/2026

Type: Flat
Bedrooms: 1
Bathrooms: 1
Size: £122 per sq ft
Tenure: Shared ownership; 985 years left

Council tax Band C £2,322 a year

Key features

Modern one-bedroom central Reading flat
Bright open-plan living space
Private balcony with pleasant outlook
Modern bathroom with shower over bath
Close to riverside paths, parks & Reading Station
Easy access to Oracle shopping centre

About this property

For sale – a modern 1‑bedroom flat in central Reading, ideally placed for town centre amenities and transport links. Set within a contemporary development, the flat offers a bright open-plan living space with full-height windows and a glazed door opening onto a private balcony, providing pleasant views over the landscaped communal areas. The living area comfortably accommodates both seating and dining zones, with neutral décor and wood-effect flooring giving a clean, current finish.

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.

Property timeline

Listed

October 2026 £70,000

1 bed · 1 bath · this listing

Past sales can't be shown: the agent hasn't given the flat number.

Price guide

85 comparables · within 2.9 miles

Cheaper than 99% of the 1-bed flats for sale nearby right now.

This home, £70,000 Median £180,000 · £150,000 – £263,000

Per square foot

£122 70% under

1-bed flats nearby £406

Against sold prices

69% under

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

Compared with 85 1-bed flats for sale within 2.9 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

Palmer Street, Reading, RG1

Open map Street View

Mortgage and stamp duty

Property price £70,000

£35k £105k

Deposit10% £7,000

£0 £70k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £63,000 mortgage. Most lenders would want a household income of about £14,000 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 69, 4, Palmer Street Flat / maisonette	Flat / maisonette	Nov 2025	527 sq ft £521/sq ft	527 sq ft	£521	£275,000
Flat 21, 4, Palmer Street Flat / maisonette	Flat / maisonette	Mar 2025	700 sq ft £512/sq ft	700 sq ft	£512	£358,000
Flat 55, 4, Palmer Street Flat / maisonette	Flat / maisonette	Mar 2025	592 sq ft £473/sq ft	592 sq ft	£473	£280,000
Flat 18, 4, Palmer Street Flat / maisonette	Flat / maisonette	Aug 2024	1,119 sq ft £384/sq ft	1,119 sq ft	£384	£430,000
Flat 66, 4, Palmer Street Flat / maisonette · new build	Flat / maisonette · new build	Apr 2023	484 sq ft £641/sq ft	484 sq ft	£641	£310,400
Flat 55, 4, Palmer Street Flat / maisonette · new build	Flat / maisonette · new build	Mar 2023	592 sq ft £526/sq ft	592 sq ft	£526	£311,150
Flat 59, 4, Palmer Street Flat / maisonette · new build	Flat / maisonette · new build	Mar 2023	710 sq ft £549/sq ft	710 sq ft	£549	£390,000
Flat 31, 4, Palmer Street Flat / maisonette · new build	Flat / maisonette · new build	Feb 2023	700 sq ft £541/sq ft	700 sq ft	£541	£378,300