Sold STC Flat

FLAT 907

HEWITT, 40, ALFRED STREET, READING, READING RG1 7LS

2 beds 2 baths 60 m² Listed 22 Aug 2025 (-436d)

£270,000

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# 2 bedroom apartment for sale (RG1 7LS)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 907, HEWITT, 40, ALFRED STREET, READING, READING RG1 7LS |
| Price | £270,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | D |
| Last sold | £265,000 May 2026 |

## Description

The property benefits from lift access and a secure undercroft parking space. Internally, the apartment comprises a bright and airy open-plan living area with a fully integrated kitchen and access to a private balcony, two generous double bedrooms, an ensuite shower room to the principal bedroom, and a contemporary family bathroom.

**Additional Information:** - Parking

The property has allocated parking in an underground car park

Lease information.

Years remaining: 238

Service charge: £3800

Ground rent: £350

Ground rent review: The next review is 2033, and in line with RPI

Property construction – Standard form

Services:

Gas - mains

Water – mains

Drainage – mains

Electricity - mains

Heating - Gas central heating

Broadband connection available (information obtained from Ofcom):

Ultrafast – Fibre to the premises (FTTP)

Mobile phone coverage

For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”

The property is accessed via a lift

## Property Photos

- ![Photo](/listings/photos/166112813/2123773)
- ![Photo](/listings/photos/166112813/2123774)
- ![Photo](/listings/photos/166112813/2123775)
- ![Photo](/listings/photos/166112813/2123776)
- ![Photo](/listings/photos/166112813/2123777)
- ![Photo](/listings/photos/166112813/2123778)
- ![Photo](/listings/photos/166112813/2123779)
- ![Photo](/listings/photos/166112813/2123780)
- ![Photo](/listings/photos/166112813/2123781)
- ![Photo](/listings/photos/166112813/2123782)
- ![Photo](/listings/photos/166112813/2123783)

## Floorplans

- ![Floorplan 1](/listings/photos/166112813/2123784) - Floorplan 1

## EPC Graphs

- ![EE Rating](/listings/photos/166112813/2123785) - EE Rating

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| HEWITT, 40 FLAT 907 ALFRED STREET, READING, RG1 7LS | £265,000 | 06/05/2026 | Flat |
| HEWITT, 40 FLAT 907 ALFRED STREET, READING, RG1 7LS | £369,950 | 10/03/2016 | 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 |
|---------|-------|------|------|
| HALCYON FLAT 21 CHATHAM PLACE, READING, RG1 7JW | £296,000 | 13/01/2026 | Flat |
| HUNSAKER FLAT 12 ALFRED STREET, READING, RG1 7AU | £260,000 | 19/12/2025 | Flat |
| HEWITT, 40 FLAT 1203 ALFRED STREET, READING, RG1 7LY | £306,000 | 28/11/2025 | Flat |
| HAYWARD FLAT 34 CHATHAM PLACE, READING, RG1 7AZ | £360,000 | 30/06/2025 | Flat |
| 41 STRATHEDEN PLACE, READING, RG1 7BH | £220,000 | 27/03/2025 | Flat |
| MAYER HOUSE FLAT 92 CHATHAM PLACE, READING, RG1 7AN | £195,000 | 11/03/2024 | Flat |
| 2 FLAT 5 WELDALE STREET, READING, RG1 7BX | £165,000 | 15/12/2023 | Flat |
| HEWITT, 40 FLAT 806 ALFRED STREET, READING, RG1 7LS | £250,000 | 04/10/2023 | Flat |
| 8 STRATHEDEN PLACE, READING, RG1 7BH | £230,000 | 20/09/2023 | Flat |
| HERMITAGE FLAT 5 CHATHAM STREET, READING, RG1 7LF | £325,000 | 07/08/2023 | Flat |
| MAYER HOUSE FLAT 43 CHATHAM PLACE, READING, RG1 7AN | £295,000 | 25/05/2023 | Flat |
| HAYWARD FLAT 17 CHATHAM PLACE, READING, RG1 7AZ | £187,000 | 26/04/2023 | Flat |
| HERMITAGE FLAT 32 CHATHAM STREET, READING, RG1 7LF | £225,000 | 21/04/2023 | Flat |
| 23 STRATHEDEN PLACE, READING, RG1 7BH | £215,000 | 06/04/2023 | Flat |
| THE CHATHAM 6 THORN WALK, READING, RG1 7BJ | £182,500 | 09/12/2022 | Flat |
| THE CHATHAM 10 THORN WALK, READING, RG1 7BJ | £200,000 | 04/11/2022 | Flat |
| MAYER HOUSE FLAT 9 CHATHAM PLACE, READING, RG1 7AN | £310,000 | 21/10/2022 | Flat |
| HERMITAGE FLAT 10 CHATHAM STREET, READING, RG1 7LF | £313,500 | 14/10/2022 | Flat |
| THE CHATHAM 2 THORN WALK, READING, RG1 7BJ | £220,000 | 30/09/2022 | Flat |
| THE PICTURE HOUSE FLAT 21 CHEAPSIDE, READING, RG1 7AB | £196,000 | 23/09/2022 | Flat |

**Area average:** £247,550 (20 sales)

## Price vs local average

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

- **Local average:** £233,536 (76 Flat, RG1, 2024–2026)
- **Deviation:** +15.6%

## Rental Range

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

- **Low:** £1,424/mo
- **Realistic:** £1,582/mo
- **Optimistic:** £1,740/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 Terraced House, Great Knollys St, RG1 | £1,550/mo | 2 | 0.23 miles | OpenRent |

**Average rent: £1,550/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.57% (weak for cashflow)
- **Max investor price (0.8%):** £193,750
- **Target investor price (1%):** £155,000

*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 £1,550/mo).*

- **Gross yield:** 6.9%
- **Cost-to-rent:** 14.5×
- **Monthly cashflow:** £307/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 4.7%

*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:** -5.5%
- **10y growth:** -6.6%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** -3.8%
- **5y growth (index):** 3.2%
- **10y growth (index):** 0.1%

## 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

Floor area

60 m²

Council tax band

Last sold

£265,000 May 2026

Local average

£233,536 (+15.6%)

Deprivation

Decile 6 (19,828 of 33,755)

Street crime

941 incidents within 1 mile (Aug 2026)

Key features

Central location
2 bedroom apartment
Ensuite shower room
Open plan living area with balcony
Integrated appliances
Allocated parking in undercroft car park
Both bedrooms recently re-carpeted

Additional details

Electricity: Mains supply
Broadband: FTTP (fibre to the premises)
Water: Mains supply
Sewerage: Mains supply
Heating: Underfloor heating
Parking: Covered
Flooded in last 5 years: No

Description

Offered to the market with vacant possession, this spacious two-bedroom apartment is located in a modern town centre development, ideally positioned within close proximity to Reading mainline station, The Oracle Shopping Centre, and a wide selection of restaurants and cafés.

The property benefits from lift access and a secure undercroft parking space. Internally, the apartment comprises a bright and airy open-plan living area with a fully integrated kitchen and access to a private balcony, two generous double bedrooms, an ensuite shower room to the principal bedroom, and a contemporary family bathroom.

Additional Information: - Parking
The property has allocated parking in an underground car park

Lease information.
Years remaining: 238
Service charge: £3800
Ground rent: £350
Ground rent review: The next review is 2033, and in line with RPI

Property construction – Standard form
Services:
Gas - mains
Water – mains
Drainage – mains
Electricity - mains
Heating - Gas central heating

Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)

Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”

The property is accessed via a lift

Listed by

Reading

Foxtons

Reference: 166112813

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

This location falls inside an HM Land Registry INSPIRE registered freehold polygon.

Building plot (shared): ~17,801 m² (4.40 acres) (area is for the building, not the flat)

Source: HM Land Registry INSPIRE Index Polygons.

Floorplans

Floorplan 1

EPC Graphs

EE Rating

Price history

-28% since 2016

Event	Date	Price	% change
Sold	06/05/2026 (5 months ago)	£265,000	-28.4%
Sold	10/03/2016 (10 years ago)	£369,950	—

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
HALCYON FLAT 21 CHATHAM PLACE, READING, RG1 7JW	£296,000	13/01/2026	Flat
HUNSAKER FLAT 12 ALFRED STREET, READING, RG1 7AU	£260,000	19/12/2025	Flat
HEWITT, 40 FLAT 1203 ALFRED STREET, READING, RG1 7LY	£306,000	28/11/2025	Flat
HAYWARD FLAT 34 CHATHAM PLACE, READING, RG1 7AZ	£360,000	30/06/2025	Flat
41 STRATHEDEN PLACE, READING, RG1 7BH	£220,000	27/03/2025	Flat
MAYER HOUSE FLAT 92 CHATHAM PLACE, READING, RG1 7AN	£195,000	11/03/2024	Flat
2 FLAT 5 WELDALE STREET, READING, RG1 7BX	£165,000	15/12/2023	Flat
HEWITT, 40 FLAT 806 ALFRED STREET, READING, RG1 7LS	£250,000	04/10/2023	Flat
8 STRATHEDEN PLACE, READING, RG1 7BH	£230,000	20/09/2023	Flat
HERMITAGE FLAT 5 CHATHAM STREET, READING, RG1 7LF	£325,000	07/08/2023	Flat
MAYER HOUSE FLAT 43 CHATHAM PLACE, READING, RG1 7AN	£295,000	25/05/2023	Flat
HAYWARD FLAT 17 CHATHAM PLACE, READING, RG1 7AZ	£187,000	26/04/2023	Flat
HERMITAGE FLAT 32 CHATHAM STREET, READING, RG1 7LF	£225,000	21/04/2023	Flat
23 STRATHEDEN PLACE, READING, RG1 7BH	£215,000	06/04/2023	Flat
THE CHATHAM 6 THORN WALK, READING, RG1 7BJ	£182,500	09/12/2022	Flat
THE CHATHAM 10 THORN WALK, READING, RG1 7BJ	£200,000	04/11/2022	Flat
MAYER HOUSE FLAT 9 CHATHAM PLACE, READING, RG1 7AN	£310,000	21/10/2022	Flat
HERMITAGE FLAT 10 CHATHAM STREET, READING, RG1 7LF	£313,500	14/10/2022	Flat
THE CHATHAM 2 THORN WALK, READING, RG1 7BJ	£220,000	30/09/2022	Flat
THE PICTURE HOUSE FLAT 21 CHEAPSIDE, READING, RG1 7AB	£196,000	23/09/2022	Flat

Area average: £247,550 (20 sales)

Capital growth trend

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

5y growth -5.5%

10y growth -6.6%

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

1y (index) -3.8%

5y (index) 3.2%

10y (index) 0.1%

Rental Range

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

Low £1,424/mo

Realistic £1,582/mo

Optimistic £1,740/mo

Based on Local Authority from postcode lookup → Reading.

Location

Map view View on Google Maps View on OpenStreetMap Street View RG1 7LS

Address

Chatham Street

Nearby

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

Type	Name	Distance
Shop	RISE Bakehouse	0.1 miles
Shop	Global Travel & Estates	0.1 miles
Bus stop	Cheapside	0.1 miles
Train station	Reading	0.4 miles
Train station	Reading West	0.5 miles
Hospital	Princes House	0.9 miles
Hospital	Royal Berkshire Hospital	1.0 miles
University	Dreadnought, University of Reading	1.5 miles
University	University of Reading	3.5 miles

Street-level crime

Category	Count
Violence and sexual offences	269
Shoplifting	181
Anti-social behaviour	97
Other theft	93
Public order	78
Criminal damage and arson	58
Vehicle crime	38
Drugs	37
Robbery	27
Burglary	19
Bicycle theft	16
Theft from the person	14
Other crime	8
Possession of weapons	6
Total incidents	941

Within 1 mile during Aug 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	0.1 miles	Good — 11 Oct 2018
Oxford Road Community School	Primary	0.3 miles	Good — 10 Nov 2014
E P Collier Primary School	Primary	0.4 miles	Good — 21 Mar 2023
Coley Primary School	Primary	0.4 miles	Good — 12 Nov 2014
All Saints Church of England Aided Infant School	Primary	0.5 miles	Good — 12 Jul 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 Terraced House, Great Knollys St, RG1	£1,550/mo	2	0.23 miles	OpenRent

Average rent: £1,550/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.57%

Max investor price (0.8%) £193,750

Target investor price (1%) £155,000

Gross yield 6.9%

Cost-to-rent ratio 14.5×

Monthly cashflow £307/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 4.7%

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).