# 2 bedroom apartment for sale (RG1 1SN)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT C, 26 CROSS STREET, READING, READING RG1 1SN |
| Price | £200,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | B |
| Last sold | £202,500 May 2015 |

## Description

Lansley - Offered to the market with no onward chain complications is this well presented apartment located in the heart of Reading town centre. Internal accommodation comprises two double bedrooms, lounge/diner, separate kitchen and three piece family bathroom.

## Property Photos

- ![Picture No. 02](/listings/photos/91557327/1725213) - Picture No. 02
- ![Picture No. 13](/listings/photos/91557327/1725214) - Picture No. 13
- ![Picture No. 09](/listings/photos/91557327/1725215) - Picture No. 09
- ![Picture No. 11](/listings/photos/91557327/1725216) - Picture No. 11
- ![Picture No. 03](/listings/photos/91557327/1725217) - Picture No. 03
- ![Picture No. 04](/listings/photos/91557327/1725218) - Picture No. 04
- ![Picture No. 07](/listings/photos/91557327/1725219) - Picture No. 07
- ![Picture No. 06](/listings/photos/91557327/1725220) - Picture No. 06

## Floorplans

- ![Floorplan](/listings/photos/91557327/1725221) - Floorplan

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 26 FLAT C CROSS STREET, READING, RG1 1SN | £202,500 | 29/05/2015 | Flat |
| 26 FLAT C CROSS STREET, READING, RG1 1SN | £149,000 | 02/12/2011 | Flat |
| 26 FLAT C CROSS STREET, READING, RG1 1SN | £142,000 | 03/09/2008 | Flat |
| 26 FLAT C CROSS STREET, READING, RG1 1SN | £99,995 | 18/02/2000 | Flat |

## Price vs local average

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

- **Local average:** £233,373 (73 Flat, RG1, 2024–2026)
- **Deviation:** -14.3%

## 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, St. Marys Butts, RG1 | £2,550/mo | 2 | 0.19 miles | OpenRent |
| 2 Bed Flat, Oyster Wharf, RG1 | £1,790/mo | 2 | 0.25 miles | OpenRent |
| 2 Bed Flat, Reading, RG1 | £1,575/mo | 2 | 0.25 miles | OpenRent |
| 2 Bed Penthouse, Kings Road, RG1 | £1,795/mo | 2 | 0.27 miles | OpenRent |
| 2 Bed Flat, Picture House, RG1 | £1,600/mo | 2 | 0.27 miles | OpenRent |
| 2 Bed Flat, East View Place, RG1 | £1,600/mo | 2 | 0.3 miles | OpenRent |
| 2 Bed Flat, Joseph Huntley Walk, RG1 | £1,800/mo | 2 | 0.32 miles | OpenRent |
| 2 Bed Flat, London St, RG1 | £1,550/mo | 2 | 0.35 miles | OpenRent |
| 2 Bed Flat, London St, RG1 | £1,600/mo | 2 | 0.35 miles | OpenRent |
| 2 Bed Flat, Queens Road, RG1 | £1,900/mo | 2 | 0.4 miles | OpenRent |
| 2 Bed Flat, Queens Road, RG1 | £1,900/mo | 2 | 0.4 miles | OpenRent |
| 2 Bed Flat, Jubilee Square, RG1 | £1,600/mo | 2 | 0.46 miles | OpenRent |
| 2 Bed Flat, Queens Road, RG1 | £1,332/mo | 2 | 0.46 miles | OpenRent |
| 2 Bed Flat, Queens Road, RG1 | £1,495/mo | 2 | 0.47 miles | OpenRent |

**Average rent: £1,721/mo (14 listings)**

## 1% Rule

- **Rent ratio:** 0.8% (okay)
- **Max investor price (0.8%):** £200,000
- **Target investor price (1%):** £160,000

*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 £1,600/mo).*

- **Gross yield:** 9.6%
- **Cost-to-rent:** 10.4×
- **Monthly cashflow:** £627/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 13%

*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:** -10%
- **10y growth:** -6%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** -5%
- **5y growth (index):** 4.2%
- **10y growth (index):** 2.9%

## 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)