# 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 - ![Photo](/listings/photos/171019406/666562) - ![Photo](/listings/photos/171019406/666563) - ![Photo](/listings/photos/171019406/666564) - ![Photo](/listings/photos/171019406/666565) - ![Photo](/listings/photos/171019406/666566) - ![Photo](/listings/photos/171019406/666569) - ![Photo](/listings/photos/171019406/666571) - ![Photo](/listings/photos/171019406/666573) - ![Photo](/listings/photos/171019406/666574) - ![Photo](/listings/photos/171019406/666576) - ![Photo](/listings/photos/171019406/666579) - ![Photo](/listings/photos/171019406/666581) - ![Photo](/listings/photos/171019406/666592) - ![Photo](/listings/photos/171019406/666597) - ![Photo](/listings/photos/171019406/666601) - ![Photo](/listings/photos/171019406/666611) - ![Photo](/listings/photos/171019406/666617) ## 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)