Sold STC Flat

FLAT D

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

2 beds 1 baths 65 m² Listed 30 Aug 2022 (-1432d)

£134,750

Reduced on 9 Nov 2022

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# 2 bedroom apartment for sale (RG1 5RD)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT D, OSTERIEY COURT, 36, HAMILTON ROAD, READING, READING RG1 5RD |
| Price | £134,750 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | TBC |
| Last sold | £135,000 Dec 2016 |

## Description

**50% SHARE*** Offered to the market is this two bedroom ground floor apartment. Situated within easy access to Reading University, The Royal Berkshire Hospital, Reading Town Centre and the mainline train station.

The property offers light and spacious accommodation comprising: entrance hallway, living room, bathroom, two bedrooms and a kitchen. The property also benefits from a newly extended lease, residents parking, a garage and communal gardens. Viewing is recommended.

COUNCIL TAX BAND - C

GROUND RENT - £60 PER MONTH

SERVICE CHARGE/RENT - £234.71 PER MONTH

## Property Photos

- ![Picture No. 10](/listings/photos/126537152/1644133) - Picture No. 10
- ![Picture No. 01](/listings/photos/126537152/1644134) - Picture No. 01
- ![Picture No. 02](/listings/photos/126537152/1644136) - Picture No. 02
- ![Picture No. 03](/listings/photos/126537152/1644138) - Picture No. 03
- ![Picture No. 04](/listings/photos/126537152/1644139) - Picture No. 04
- ![Picture No. 05](/listings/photos/126537152/1644140) - Picture No. 05
- ![Picture No. 06](/listings/photos/126537152/1644141) - Picture No. 06
- ![Picture No. 07](/listings/photos/126537152/1644143) - Picture No. 07
- ![Picture No. 14](/listings/photos/126537152/1644144) - Picture No. 14
- ![Picture No. 12](/listings/photos/126537152/1644145) - Picture No. 12
- ![Picture No. 13](/listings/photos/126537152/1644146) - Picture No. 13
- ![Picture No. 11](/listings/photos/126537152/1644147) - Picture No. 11

## Floorplans

- ![Floorplan](/listings/photos/126537152/1644148) - Floorplan

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #11597837
- **Address:** 48 Hamilton Road, READING, RG1 5RD
- **Certificate Issued:** 18/04/2018
- **Work Completed:** 11/04/2016
- **Items:** 7 window(s), 1 door(s)

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| OSTERIEY COURT, 36 FLAT D HAMILTON ROAD, READING, RG1 5RD | £135,000 | 16/12/2016 | 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 |
|---------|-------|------|------|
| ADDINGTON HOUSE, 73 FLAT 7 ADDINGTON ROAD, READING, RG1 5PZ | £242,000 | 08/12/2025 | Flat |
| CRESCENT COURT FLAT 22 CRESCENT ROAD, READING, RG1 5SJ | £120,000 | 28/03/2025 | Flat |
| 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 |
| CRESCENT COURT FLAT 7 CRESCENT ROAD, READING, RG1 5SJ | £100,000 | 05/04/2023 | Flat |
| 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 |
| FARRINGDON COURT 4 ERLEIGH ROAD, READING, RG1 5NT | £255,000 | 09/12/2022 | Flat |
| FARRINGDON COURT 3 ERLEIGH ROAD, READING, RG1 5NT | £250,000 | 02/12/2022 | 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 |
| FARRINGDON COURT 20 ERLEIGH ROAD, READING, RG1 5NT | £250,000 | 23/09/2022 | Flat |
| 3 EASTERN COURT, 29 EASTERN AVENUE, READING, RG1 5RU | £315,000 | 21/09/2022 | Flat |
| ADDINGTON HOUSE, 73 FLAT 1 ADDINGTON ROAD, READING, RG1 5PZ | £199,950 | 11/08/2022 | 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 |
| FARRINGDON COURT 6 ERLEIGH ROAD, READING, RG1 5NT | £250,000 | 18/05/2022 | Flat |
| [Same street] 58 HAMILTON ROAD, READING, RG1 5RD | £430,000 | 01/02/2022 | Semi-detached |
| [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:** £206,773 (20 sales)

## Price vs local average

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

- **Local average:** £231,163 (69 Flat, RG1, 2024–2026)
- **Deviation:** -41.7%

## 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 | 0.22 miles | OpenRent |
| 2 Bed Flat, London Road Neraby To Hospital/Uni, RG1 | £1,300/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Flat, London Road Reading, RG1 | £1,300/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Flat, London Road Available Immediately, RG1 | £1,300/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Flat, Hospital /Uni Area, RG1 | £1,300/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Flat, London Road Nearby To Hospital/Uni, RG1 | £1,500/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Flat, London Road Reading Nearby To Rbh, RG1 | £1,300/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Flat, London Road Uni\Town Centre Location, RG1 | £1,300/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Flat, London Road Nearby To Hospital/Uni, RG1 | £1,300/mo | 2 | 0.23 miles | OpenRent |
| 2 Bed Terraced House, Donnington Gardens, RG1 | £3,000/mo | 2 | 0.27 miles | OpenRent |
| 2 Bed Terraced House, Norwood Road, RG1 | £1,600/mo | 2 | 0.29 miles | OpenRent |

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

## 1% Rule

- **Rent ratio:** 0.96% (okay)
- **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:** 11.6%
- **Cost-to-rent:** 8.6×
- **Monthly cashflow:** £614/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 18.9%

*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)

Picture No. 10 Picture No. 01 Picture No. 02 Picture No. 03 Picture No. 04 Picture No. 05 Picture No. 06 Picture No. 07 Picture No. 14 Picture No. 12 Picture No. 13 Picture No. 11

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Property details

Tenure

LEASEHOLD

Floor area

65 m²

Council tax band

TBC

Last sold

£135,000 Dec 2016

Local average

£231,163 (-41.7%)

Deprivation

Decile 7 (20,916 of 33,755)

Street crime

382 incidents within 1 mile (May 2026)

Additional details

Parking: Yes

Description

50% SHARE* Offered to the market is this two bedroom ground floor apartment. Situated within easy access to Reading University, The Royal Berkshire Hospital, Reading Town Centre and the mainline train station.

The property offers light and spacious accommodation comprising: entrance hallway, living room, bathroom, two bedrooms and a kitchen. The property also benefits from a newly extended lease, residents parking, a garage and communal gardens. Viewing is recommended.

COUNCIL TAX BAND - C
GROUND RENT - £60 PER MONTH
SERVICE CHARGE/RENT - £234.71 PER MONTH

Listed by

Reading

The Property Franchise Group

Reference: 126537152

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

FENSA Certificates

This property has 1 FENSA certificate(s) on record, indicating window/door installations by FENSA-approved installers.

FENSA Certificate #11597837

Property Details

Street: 48 Hamilton Road

Town: READING

Postcode: RG1 5RD

Installation Details

Items: 7 windows and 1 door

Certificate Issued: 18/04/2018

Work Completed: 11/04/2016

This certificate data was retrieved from FENSA's database

What is FENSA? FENSA (Fenestration Self-Assessment Scheme) is a government-authorised scheme that monitors building regulation compliance for replacement windows and doors. Certificates indicate that work was completed by FENSA-approved installers.

Price history

Event	Date	Price	% change
Sold	16/12/2016 (9 years ago)	£135,000	—

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
ADDINGTON HOUSE, 73 FLAT 7 ADDINGTON ROAD, READING, RG1 5PZ	£242,000	08/12/2025	Flat
CRESCENT COURT FLAT 22 CRESCENT ROAD, READING, RG1 5SJ	£120,000	28/03/2025	Flat
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
CRESCENT COURT FLAT 7 CRESCENT ROAD, READING, RG1 5SJ	£100,000	05/04/2023	Flat
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
FARRINGDON COURT 4 ERLEIGH ROAD, READING, RG1 5NT	£255,000	09/12/2022	Flat
FARRINGDON COURT 3 ERLEIGH ROAD, READING, RG1 5NT	£250,000	02/12/2022	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
FARRINGDON COURT 20 ERLEIGH ROAD, READING, RG1 5NT	£250,000	23/09/2022	Flat
3 EASTERN COURT, 29 EASTERN AVENUE, READING, RG1 5RU	£315,000	21/09/2022	Flat
ADDINGTON HOUSE, 73 FLAT 1 ADDINGTON ROAD, READING, RG1 5PZ	£199,950	11/08/2022	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
FARRINGDON COURT 6 ERLEIGH ROAD, READING, RG1 5NT	£250,000	18/05/2022	Flat
Same street 58 HAMILTON ROAD, READING, RG1 5RD	£430,000	01/02/2022	Semi-detached
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: £206,773 (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

48 Hamilton Road

Nearby

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

Type	Name	Distance
Bus stop	College Road	0.1 miles
Bus stop	Hamilton Road	0.1 miles
Shop	Gabriela Art Tattoo	0.2 miles
Shop	AlexAndra Beauty Studio	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	11.4 miles

Street-level crime

Category	Count
Violence and sexual offences	132
Shoplifting	80
Anti-social behaviour	38
Other theft	28
Public order	23
Vehicle crime	16
Burglary	13
Criminal damage and arson	13
Robbery	10
Bicycle theft	8
Drugs	8
Other crime	5
Theft from the person	5
Possession of weapons	3
Total incidents	382

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	0.3 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	0.22 miles	OpenRent
2 Bed Flat, London Road Neraby To Hospital/Uni, RG1	£1,300/mo	2	0.22 miles	OpenRent
2 Bed Flat, London Road Reading, RG1	£1,300/mo	2	0.22 miles	OpenRent
2 Bed Flat, London Road Available Immediately, RG1	£1,300/mo	2	0.22 miles	OpenRent
2 Bed Flat, Hospital /Uni Area, RG1	£1,300/mo	2	0.22 miles	OpenRent
2 Bed Flat, London Road Nearby To Hospital/Uni, RG1	£1,500/mo	2	0.22 miles	OpenRent
2 Bed Flat, London Road Reading Nearby To Rbh, RG1	£1,300/mo	2	0.22 miles	OpenRent
2 Bed Flat, London Road Uni\Town Centre Location, RG1	£1,300/mo	2	0.22 miles	OpenRent
2 Bed Flat, London Road Nearby To Hospital/Uni, RG1	£1,300/mo	2	0.23 miles	OpenRent
2 Bed Terraced House, Donnington Gardens, RG1	£3,000/mo	2	0.27 miles	OpenRent
2 Bed Terraced House, Norwood Road, RG1	£1,600/mo	2	0.29 miles	OpenRent

Average rent: £1,500/mo (11 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.96%

Max investor price (0.8%) £162,500

Target investor price (1%) £130,000

Gross yield 11.6%

Cost-to-rent ratio 8.6×

Monthly cashflow £614/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 18.9%

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).