Sold STC Flat

FLAT 12

1 STATION ROAD, READING, READING RG1 1LH

1 beds 1 baths Listed 14 Jan 2026 (-161d)

£245,000

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# 1 bedroom flat for sale (RG1 1LH)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 12, 1 STATION ROAD, READING, READING RG1 1LH |
| Price | £245,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | B |
| Last sold | £244,000 Nov 2022 |

## Description

**A beautifully presented one-bedroom penthouse apartment in an exceptional station-side location.**

Situated at **1 Station Road**, just a few minutes’ walk from **Reading Station and Elizabeth Line services**, this stylish top-floor apartment offers modern living with outstanding convenience — ideal for commuters, professionals and investors.

The apartment features a **bright open-plan kitchen/living/dining space**, finished with contemporary fittings and integrated appliances, creating a sleek and functional environment for everyday living and entertaining. A **generous double bedroom** is complemented by a **modern shower room** with quality fixtures and a clean, elegant finish.

Positioned on the **top floor with lift access**, the property benefits from enhanced privacy and a premium penthouse feel, while remaining moments from Reading town centre amenities, The Oracle shopping centre, cafés, bars and restaurants and 24 gyms.

**Key benefits include:**

Just minutes from Reading Station & Elizabeth Line

Penthouse / top-floor position with lift access

Open-plan modern living space

Double bedroom & stylish shower room

**996-year lease & no ground rent**

Council Tax Band B

EPC Rating C (76)

**Investor appeal:**

Highly sought-after RG1 location with strong rental demand from professionals and commuters. One-bedroom apartments close to the station consistently perform well, while the long lease, no ground rent and EPC rating enhance long-term value and net returns. Approx rental value £1250pcm - £1300pcm ex bills

A superb opportunity to secure a modern, low-maintenance apartment in one of Reading’s most desirable and well-connected central locations.

EPC Rating: C

## Property Photos

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## Floorplans

- ![All](/listings/photos/171019406/666630) - All

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 1 FLAT 12 STATION ROAD, READING, RG1 1LH | £244,000 | 09/11/2022 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] 1 FLAT 10 STATION ROAD, READING, RG1 1LH | £220,000 | 30/06/2023 | Flat |
| [Same street] 1 FLAT 5 STATION ROAD, READING, RG1 1LH | £252,500 | 11/05/2023 | Flat |
| [Same street] 1 FLAT 14 STATION ROAD, READING, RG1 1LH | £225,000 | 24/03/2023 | Flat |
| [Same street] 1 FLAT 15 STATION ROAD, READING, RG1 1LH | £295,000 | 15/03/2023 | Flat |
| [Same street] 1 FLAT 7 STATION ROAD, READING, RG1 1LH | £310,000 | 13/12/2022 | Flat |
| [Same street] 1 FLAT 4 STATION ROAD, READING, RG1 1LH | £280,000 | 30/11/2022 | Flat |
| [Same street] 1 FLAT 3 STATION ROAD, READING, RG1 1LH | £275,000 | 07/11/2022 | Flat |
| TAMAR HOUSE, 7 - 11 FLAT 12 STATION ROAD, READING, RG1 1LG | £255,000 | 13/10/2021 | Flat |
| TAMAR HOUSE, 7 - 11 FLAT 6 STATION ROAD, READING, RG1 1LG | £266,500 | 23/07/2021 | Flat |

**Street average:** £265,357 (7 sales)
**Area average:** £260,750 (2 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £231,694 (63 Flat, RG1, 2024–2026)
- **Deviation:** +5.7%

## Rental Range

*ONS Price Index of Private Rents (Reading). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,419/mo
- **Realistic:** £1,577/mo
- **Optimistic:** £1,735/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 1 Bed Flat, Projection West, RG1 | £2,600/mo | 1 | 0.04 miles | OpenRent |
| 1 Bed Flat, Market Place, RG1 | £1,290/mo | 1 | 0.15 miles | OpenRent |
| Studio Flat, Mcilroys Building, RG1 | £950/mo | 1 | 0.21 miles | OpenRent |
| 1 Bed Flat, Vastern Road, RG1 | £2,300/mo | 1 | 0.3 miles | OpenRent |
| 1 Bed Flat, Hunsaker, RG1 | £1,325/mo | 1 | 0.32 miles | OpenRent |
| Studio Flat, Vastern Road, RG1 | £1,050/mo | 1 | 0.32 miles | OpenRent |
| 1 Bed Flat, Castle Street, RG1 | £1,275/mo | 1 | 0.38 miles | OpenRent |
| 1 Bed Flat, Queens Road, RG1 | £2,450/mo | 1 | 0.4 miles | OpenRent |

**Average rent: £1,655/mo (8 listings)**

## 1% Rule

- **Rent ratio:** 0.53% (weak for cashflow)
- **Max investor price (0.8%):** £163,500
- **Target investor price (1%):** £130,800

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,308/mo).*

- **Gross yield:** 6.4%
- **Cost-to-rent:** 15.6×
- **Monthly cashflow:** £187/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 3.2%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -11.1%
- **10y growth:** -3.4%

## House Price Index (HM Land Registry)

*Official index for Reading; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -5.2%
- **5y growth (index):** 2.7%
- **10y growth (index):** 4.3%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

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Property details

Tenure

LEASEHOLD

Council tax band

Last sold

£244,000 Nov 2022

Local average

£231,694 (+5.7%)

Deprivation

Decile 5 (16,119 of 33,755)

Street crime

823 incidents within 1 mile (Apr 2026)

Key features

A beautiful renovated home, fully refurbished in 2022, wrapped in the shell of one of Central Readings Charming Period Buildings
Exceptional Central Location – Just a few minutes’ walk to Reading Station & Elizabeth Line
Penthouse – Lift-served with excellent natural light
Stylish Open-Plan Living – Contemporary kitchen, dining and reception space
Long Lease – 996 Years Remaining & 10 year structural warranty from 2022
No Ground Rent – Rare and highly attractive for owner occupiers and investors
Council Tax Band B
EPC Rating C (76) – Energy-efficient and cost-effective to run - Highly insulated, electric heating & High Performance Glazing
In the Heart of the Town Centre – Shops, cafés, restaurants & The Oracle, plus 24 hour gym moments away
Double Bedroom & Stylish Shower Room

Additional details

Electricity: Mains supply
Water: Mains supply
Sewerage: Mains supply
Heating: Electric
Listed property: No
Restrictions: No
Required access: No
Rights of way: No
Flooded in last 5 years: No
Flood defences: No

Description

A beautifully presented one-bedroom penthouse apartment in an exceptional station-side location.
Situated at 1 Station Road, just a few minutes’ walk from Reading Station and Elizabeth Line services, this stylish top-floor apartment offers modern living with outstanding convenience — ideal for commuters, professionals and investors.
The apartment features a bright open-plan kitchen/living/dining space, finished with contemporary fittings and integrated appliances, creating a sleek and functional environment for everyday living and entertaining. A generous double bedroom is complemented by a modern shower room with quality fixtures and a clean, elegant finish.
Positioned on the top floor with lift access, the property benefits from enhanced privacy and a premium penthouse feel, while remaining moments from Reading town centre amenities, The Oracle shopping centre, cafés, bars and restaurants and 24 gyms.
Key benefits include:
Just minutes from Reading Station & Elizabeth Line
Penthouse / top-floor position with lift access
Open-plan modern living space
Double bedroom & stylish shower room
996-year lease & no ground rent
Council Tax Band B
EPC Rating C (76)
Investor appeal:
Highly sought-after RG1 location with strong rental demand from professionals and commuters. One-bedroom apartments close to the station consistently perform well, while the long lease, no ground rent and EPC rating enhance long-term value and net returns. Approx rental value £1250pcm - £1300pcm ex bills
A superb opportunity to secure a modern, low-maintenance apartment in one of Reading’s most desirable and well-connected central locations.
EPC Rating: C

Listed by

Reading

Black and White Property Service LTD

Reference: 171019406

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

All

Price history

Event	Date	Price	% change
Listed for sale	—	£245,000	+0.4%
Sold	09/11/2022 (3 years ago)	£244,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
Same street 1 FLAT 10 STATION ROAD, READING, RG1 1LH	£220,000	30/06/2023	Flat
Same street 1 FLAT 5 STATION ROAD, READING, RG1 1LH	£252,500	11/05/2023	Flat
Same street 1 FLAT 14 STATION ROAD, READING, RG1 1LH	£225,000	24/03/2023	Flat
Same street 1 FLAT 15 STATION ROAD, READING, RG1 1LH	£295,000	15/03/2023	Flat
Same street 1 FLAT 7 STATION ROAD, READING, RG1 1LH	£310,000	13/12/2022	Flat
Same street 1 FLAT 4 STATION ROAD, READING, RG1 1LH	£280,000	30/11/2022	Flat
Same street 1 FLAT 3 STATION ROAD, READING, RG1 1LH	£275,000	07/11/2022	Flat
TAMAR HOUSE, 7 - 11 FLAT 12 STATION ROAD, READING, RG1 1LG	£255,000	13/10/2021	Flat
TAMAR HOUSE, 7 - 11 FLAT 6 STATION ROAD, READING, RG1 1LG	£266,500	23/07/2021	Flat

Street average: £265,357 (7 sales)

Area average: £260,750 (2 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -11.1%

10y growth -3.4%

House Price Index (HM Land Registry — official index, not sold-price averages): Reading. Series: Flats and maisonettes. As of March 2026.

1y (index) -5.2%

5y (index) 2.7%

10y (index) 4.3%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: TBJB PROPERTY MANAGEMENT LIMITED (13925909)

Rental Range

Estimated market rent for Reading. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,419/mo

Realistic £1,577/mo

Optimistic £1,735/mo

Based on Local Authority from postcode lookup → Reading.

Location

Map view View on Google Maps View on OpenStreetMap Street View RG1 1LH

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Coral	0.0 miles
Shop	London Camera Exchange	0.0 miles
Bus stop	Station Road	0.0 miles
Bus stop	Reading Station	0.0 miles
Train station	Reading	0.2 miles
University	University of Reading, London Road Campus	0.7 miles
Train station	Reading West	0.8 miles
Hospital	Prospect Park Hospital	1.9 miles
University	University of Reading	3.3 miles
Hospital	St Mark's Hospital	10.9 miles

Street-level crime

Category	Count
Violence and sexual offences	262
Shoplifting	179
Anti-social behaviour	78
Other theft	68
Public order	61
Criminal damage and arson	43
Drugs	26
Vehicle crime	25
Bicycle theft	19
Robbery	18
Burglary	13
Theft from the person	13
Other crime	11
Possession of weapons	7
Total incidents	823

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Civitas Academy	Primary	0.4 miles	Good — 11 Oct 2018
E P Collier Primary School	Primary	0.4 miles	Good — 21 Mar 2023
The Deenway Montessori School	Other	0.5 miles	Good — 2 Jul 2024
Katesgrove Primary School	Primary	0.5 miles	Good — 10 Jan 2018
Kendrick School	Secondary	0.5 miles	Outstanding — 12 Jan 2023

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
1 Bed Flat, Projection West, RG1	£2,600/mo	1	0.04 miles	OpenRent
1 Bed Flat, Market Place, RG1	£1,290/mo	1	0.15 miles	OpenRent
Studio Flat, Mcilroys Building, RG1	£950/mo	1	0.21 miles	OpenRent
1 Bed Flat, Vastern Road, RG1	£2,300/mo	1	0.3 miles	OpenRent
1 Bed Flat, Hunsaker, RG1	£1,325/mo	1	0.32 miles	OpenRent
Studio Flat, Vastern Road, RG1	£1,050/mo	1	0.32 miles	OpenRent
1 Bed Flat, Castle Street, RG1	£1,275/mo	1	0.38 miles	OpenRent
1 Bed Flat, Queens Road, RG1	£2,450/mo	1	0.4 miles	OpenRent

Average rent: £1,655/mo (8 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.53%

Max investor price (0.8%) £163,500

Target investor price (1%) £130,800

Gross yield 6.4%

Cost-to-rent ratio 15.6×

Monthly cashflow £187/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 3.2%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).