Sold STC Maisonette

FLAT E

OSTERLEY COURT, 36, HAMILTON ROAD, READING, READING RG1 5RD

2 beds 1 baths 63 m² Listed 9 Sep 2020 (-2152d)

£180,000

Guide Price

Reduced on 22 Sep 2020

Save

# 2 bedroom maisonette for sale (RG1 5RD)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT E, OSTERLEY COURT, 36, HAMILTON ROAD, READING, READING RG1 5RD |
| Price | £180,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £200,000 Nov 2020 |

## Description

SOLD BY ONLINE AUCTION - A long leasehold ground floor 2 bedroom maisonette providing good access to Reading University and Royal Berkshire Hospital. Ideal for owner occupation or letting investment.

## Property Photos

- ![Front](/listings/photos/84575476/1644038) - Front
- ![Living Room](/listings/photos/84575476/1644039) - Living Room
- ![Kitchen](/listings/photos/84575476/1644040) - Kitchen
- ![Bedroom 1](/listings/photos/84575476/1644041) - Bedroom 1
- ![Bedroom 2](/listings/photos/84575476/1644043) - Bedroom 2
- ![Bathroom](/listings/photos/84575476/1644044) - Bathroom
- ![Gardens](/listings/photos/84575476/1644045) - Gardens
- ![Garage](/listings/photos/84575476/1644046) - Garage

## Floorplans

- ![Floorplan](/listings/photos/84575476/1644047) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/84575476/1644049) - EPC Rating Graph

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| OSTERLEY COURT, 36 FLAT E HAMILTON ROAD, READING, RG1 5RD | £200,000 | 18/11/2020 | 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 |
|---------|-------|------|------|
| OAKLANDS 32 BULMERSHE ROAD, READING, RG1 5RW | £310,000 | 29/11/2024 | Flat |
| 12 GRANBY COURT, READING, RG1 5NX | £125,000 | 24/11/2023 | Flat |
| [Same street] 62 HAMILTON ROAD, READING, RG1 5RD | £455,000 | 12/05/2023 | Semi-detached |
| CHARFIELD COURT 9 HAMILTON ROAD, READING, RG1 5RF | £128,000 | 27/03/2023 | Flat |
| CHARFIELD COURT 1 HAMILTON ROAD, READING, RG1 5RF | £132,000 | 23/03/2023 | Flat |
| 20 GRANBY COURT, READING, RG1 5NX | £158,000 | 20/12/2022 | Flat |
| OAKLANDS 31 BULMERSHE ROAD, READING, RG1 5RW | £275,000 | 11/10/2022 | Flat |
| 24 GRANBY COURT, READING, RG1 5NX | £111,500 | 07/10/2022 | Flat |
| 3 EASTERN COURT, 29 EASTERN AVENUE, READING, RG1 5RU | £315,000 | 21/09/2022 | Flat |
| 71A FLAT 5 HAMILTON ROAD, READING, RG1 5RA | £101,000 | 05/08/2022 | Flat |
| AVIATOR PLACE, 112 FLAT 12 CRESCENT ROAD, READING, RG1 5AZ | £390,000 | 02/08/2022 | Flat |
| OAKLANDS 44 HAMILTON ROAD, READING, RG1 5RN | £265,000 | 24/06/2022 | Flat |
| 19 GRANBY COURT, READING, RG1 5NX | £158,000 | 07/06/2022 | Flat |
| HAMILTON COURT THE MAISONETTE HAMILTON ROAD, READING, RG1 5RR | £205,000 | 16/05/2022 | Flat |
| TREYARNON COURT 1 EASTERN AVENUE, READING, RG1 5RX | £250,000 | 07/04/2022 | Flat |
| OAKLANDS 27 BULMERSHE ROAD, READING, RG1 5RW | £285,000 | 21/03/2022 | Flat |
| OAKLANDS 19 BULMERSHE ROAD, READING, RG1 5RW | £208,500 | 11/03/2022 | Flat |
| OAKLANDS 19 BULMERSHE ROAD, READING, RG1 5RW | £208,500 | 11/03/2022 | Flat |
| 32 FLAT 3 EASTERN AVENUE, READING, RG1 5RY | £140,000 | 11/03/2022 | Flat |
| 76 FLAT 1 BULMERSHE ROAD, READING, RG1 5RJ | £190,000 | 17/02/2022 | Flat |
| [Same street] 58 HAMILTON ROAD, READING, RG1 5RD | £430,000 | 01/02/2022 | Semi-detached |
| 23 FLAT B EASTERN AVENUE, READING, RG1 5RU | £257,500 | 31/01/2022 | Flat |
| [Same street] 86 HAMILTON ROAD, READING, RG1 5RD | £745,000 | 19/01/2022 | Semi-detached |
| [Same street] 24 HAMILTON ROAD, READING, RG1 5RD | £580,000 | 15/12/2021 | Terraced |

**Street average:** £552,500 (4 sales)
**Area average:** £210,650 (20 sales)

## Price vs local average

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

- **Local average:** £231,163 (69 Flat, RG1, 2024–2026)
- **Deviation:** -22.1%

## Rental Range

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

- **Low:** £1,416/mo
- **Realistic:** £1,573/mo
- **Optimistic:** £1,730/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 |
|------|------|------|------|------|
| 2 Bed Flat, London Road Available Immediately, RG1 | £1,300/mo | 2 | 0.17 miles | OpenRent |
| 2 Bed Flat, London Road Neraby To Hospital/Uni, RG1 | £1,300/mo | 2 | 0.17 miles | OpenRent |
| 2 Bed Flat, London Road Reading, RG1 | £1,300/mo | 2 | 0.17 miles | OpenRent |
| 2 Bed Flat, London Road Available Immediately, RG1 | £1,300/mo | 2 | 0.17 miles | OpenRent |
| 2 Bed Flat, Hospital /Uni Area, RG1 | £1,300/mo | 2 | 0.17 miles | OpenRent |
| 2 Bed Flat, London Road Nearby To Hospital/Uni, RG1 | £1,500/mo | 2 | 0.17 miles | OpenRent |
| 2 Bed Flat, London Road Reading Nearby To Rbh, RG1 | £1,300/mo | 2 | 0.18 miles | OpenRent |
| 2 Bed Flat, London Road Uni\Town Centre Location, RG1 | £1,300/mo | 2 | 0.18 miles | OpenRent |
| 2 Bed Flat, London Road Nearby To Hospital/Uni, RG1 | £1,300/mo | 2 | 0.19 miles | OpenRent |
| 2 Bed Terraced House, Norwood Road, RG1 | £1,600/mo | 2 | 0.25 miles | OpenRent |
| 2 Bed Terraced House, Donnington Gardens, RG1 | £3,000/mo | 2 | 0.29 miles | OpenRent |

**Average rent: £1,500/mo (11 listings)**

## 1% Rule

- **Rent ratio:** 0.72% (weak for cashflow)
- **Max investor price (0.8%):** £162,500
- **Target investor price (1%):** £130,000

*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 £1,300/mo).*

- **Gross yield:** 8.7%
- **Cost-to-rent:** 11.5×
- **Monthly cashflow:** £436/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10%

*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:** -3.4%
- **10y growth:** -4.6%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** -7.1%
- **5y growth (index):** 1%
- **10y growth (index):** 1.6%

## 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)

Listing type

Auction

Front Living Room Kitchen Bedroom 1 Bedroom 2 Bathroom Gardens Garage

/ 8

Property details

Listing category

Auction

Tenure

LEASEHOLD

Floor area

63 m²

Last sold

£200,000 Nov 2020

Local average

£231,163 (-22.1%)

Deprivation

Decile 7 (20,916 of 33,755)

Street crime

398 incidents within 1 mile (May 2026)

Key features

SOLD BY ONLINE AUCTION
SOLD FOR £200,000
Ground floor maisonette
2 bedrooms
Close to town centre
Long leasehold

Additional details

Parking: Yes

Description

SOLD BY ONLINE AUCTION - A long leasehold ground floor 2 bedroom maisonette providing good access to Reading University and Royal Berkshire Hospital. Ideal for owner occupation or letting investment.

Listed by

Nationwide

Leaders and Romans Group

Reference: 84575476

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

EPC Graphs

EPC Rating Graph

Price history

Event	Date	Price	% change
Sold	18/11/2020 (5 years ago)	£200,000	—

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
OAKLANDS 32 BULMERSHE ROAD, READING, RG1 5RW	£310,000	29/11/2024	Flat
12 GRANBY COURT, READING, RG1 5NX	£125,000	24/11/2023	Flat
Same street 62 HAMILTON ROAD, READING, RG1 5RD	£455,000	12/05/2023	Semi-detached
CHARFIELD COURT 9 HAMILTON ROAD, READING, RG1 5RF	£128,000	27/03/2023	Flat
CHARFIELD COURT 1 HAMILTON ROAD, READING, RG1 5RF	£132,000	23/03/2023	Flat
20 GRANBY COURT, READING, RG1 5NX	£158,000	20/12/2022	Flat
OAKLANDS 31 BULMERSHE ROAD, READING, RG1 5RW	£275,000	11/10/2022	Flat
24 GRANBY COURT, READING, RG1 5NX	£111,500	07/10/2022	Flat
3 EASTERN COURT, 29 EASTERN AVENUE, READING, RG1 5RU	£315,000	21/09/2022	Flat
71A FLAT 5 HAMILTON ROAD, READING, RG1 5RA	£101,000	05/08/2022	Flat
AVIATOR PLACE, 112 FLAT 12 CRESCENT ROAD, READING, RG1 5AZ	£390,000	02/08/2022	Flat
OAKLANDS 44 HAMILTON ROAD, READING, RG1 5RN	£265,000	24/06/2022	Flat
19 GRANBY COURT, READING, RG1 5NX	£158,000	07/06/2022	Flat
HAMILTON COURT THE MAISONETTE HAMILTON ROAD, READING, RG1 5RR	£205,000	16/05/2022	Flat
TREYARNON COURT 1 EASTERN AVENUE, READING, RG1 5RX	£250,000	07/04/2022	Flat
OAKLANDS 27 BULMERSHE ROAD, READING, RG1 5RW	£285,000	21/03/2022	Flat
OAKLANDS 19 BULMERSHE ROAD, READING, RG1 5RW	£208,500	11/03/2022	Flat
OAKLANDS 19 BULMERSHE ROAD, READING, RG1 5RW	£208,500	11/03/2022	Flat
32 FLAT 3 EASTERN AVENUE, READING, RG1 5RY	£140,000	11/03/2022	Flat
76 FLAT 1 BULMERSHE ROAD, READING, RG1 5RJ	£190,000	17/02/2022	Flat
Same street 58 HAMILTON ROAD, READING, RG1 5RD	£430,000	01/02/2022	Semi-detached
23 FLAT B EASTERN AVENUE, READING, RG1 5RU	£257,500	31/01/2022	Flat
Same street 86 HAMILTON ROAD, READING, RG1 5RD	£745,000	19/01/2022	Semi-detached
Same street 24 HAMILTON ROAD, READING, RG1 5RD	£580,000	15/12/2021	Terraced

Street average: £552,500 (4 sales)

Area average: £210,650 (20 sales)

Capital growth trend

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

5y growth -3.4%

10y growth -4.6%

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

1y (index) -7.1%

5y (index) 1%

10y (index) 1.6%

Rental Range

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

Low £1,416/mo

Realistic £1,573/mo

Optimistic £1,730/mo

Based on Local Authority from postcode lookup → Reading.

Location

Map view View on Google Maps View on OpenStreetMap Street View RG1 5RD

Address

23 Hamilton Road

Nearby

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

Type	Name	Distance
Bus stop	Hamilton Road	0.1 miles
Bus stop	College Road	0.1 miles
Shop	Unique Beauty House	0.2 miles
Shop	Gabriela Art Tattoo	0.2 miles
University	University of Reading, London Road Campus	0.7 miles
University	University of Reading - Whiteknights Campus	0.7 miles
Train station	Reading	1.3 miles
Train station	Earley	1.4 miles
Hospital	St Mark's Hospital	10.1 miles
Hospital	Marlow Community Hospital	11.3 miles

Street-level crime

Category	Count
Violence and sexual offences	137
Shoplifting	80
Anti-social behaviour	40
Public order	30
Other theft	29
Vehicle crime	16
Criminal damage and arson	14
Burglary	13
Robbery	10
Drugs	9
Bicycle theft	8
Other crime	5
Theft from the person	4
Possession of weapons	3
Total incidents	398

Within 1 mile during May 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
Maiden Erlegh School in Reading	Secondary	0.3 miles	Good — 5 Jul 2018
Redlands Primary School	Primary	0.3 miles	Requires improvement — 1 Feb 2023
UTC Reading	Secondary	0.3 miles	Inadequate — 30 Mar 2023
St Joseph's College	Other	0.4 miles	— (No rating)
Alfred Sutton Primary School	Primary	0.4 miles	Good — 9 Nov 2012

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
2 Bed Flat, London Road Available Immediately, RG1	£1,300/mo	2	0.17 miles	OpenRent
2 Bed Flat, London Road Neraby To Hospital/Uni, RG1	£1,300/mo	2	0.17 miles	OpenRent
2 Bed Flat, London Road Reading, RG1	£1,300/mo	2	0.17 miles	OpenRent
2 Bed Flat, London Road Available Immediately, RG1	£1,300/mo	2	0.17 miles	OpenRent
2 Bed Flat, Hospital /Uni Area, RG1	£1,300/mo	2	0.17 miles	OpenRent
2 Bed Flat, London Road Nearby To Hospital/Uni, RG1	£1,500/mo	2	0.17 miles	OpenRent
2 Bed Flat, London Road Reading Nearby To Rbh, RG1	£1,300/mo	2	0.18 miles	OpenRent
2 Bed Flat, London Road Uni\Town Centre Location, RG1	£1,300/mo	2	0.18 miles	OpenRent
2 Bed Flat, London Road Nearby To Hospital/Uni, RG1	£1,300/mo	2	0.19 miles	OpenRent
2 Bed Terraced House, Norwood Road, RG1	£1,600/mo	2	0.25 miles	OpenRent
2 Bed Terraced House, Donnington Gardens, RG1	£3,000/mo	2	0.29 miles	OpenRent

Average rent: £1,500/mo (11 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.72%

Max investor price (0.8%) £162,500

Target investor price (1%) £130,000

Gross yield 8.7%

Cost-to-rent ratio 11.5×

Monthly cashflow £436/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 10%

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).