# 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

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

## 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)