# 1 bedroom apartment for sale (RG30 2AR) ## Property Details | Key | Value | |-----|-------| | Address | Beta House, Southcote Road, Reading, RG30 2AR | | Price | £175,000 | | Bedrooms | 1 | | Bathrooms | 1 | | Last sold | £170,000 | ## Description A spacious ground floor apartment peacefully situated approx. one mile west of Reading town centre & only a 5 minute walk to Reading West station. Includes gas central heating, a long lease and residents parking. Presented in good order forming an ideal first time or investment purchase. No onward chain. **COMMUNAL ENTRANCE HALL** With telephone entry system and personal front door to **RECEPTION HALL** With radiator, storage cupboard with tumble dryer, vent, shelving and meters **LIVING/DINING ROOM** With front aspect double glazed window, radiator. door to **DOUBLE BEDROOM** Twin side aspect double glazed window, radiator and built in wardrobe **KITCHEN** With front aspect double glazed window, kitchen well fitted comprising single drainer stainless steel sink unit with mixer tap and cupboards under, further range of both floor standing and wall mounted eye level units with laminated roll edge work surfaces and contrasting tiled surrounds. Inset four ring electric hob with extractor hood above and integrated oven below, plumbing for washing machine or dishwasher and further appliance space for fridge/freezer. With radiator, tiled floor and surrounds **BATHROOM** Suite comprising panelled bath, independent shower unit and glass deflector, wash hand basin, w.c. with tiled walls and floor. Front aspect obscure double glazed window, heated towel rail **OUTSIDE** The communal grounds are tended under the maintenance agreement. **PARKING** There is ample communal residents parking **LEASE DETAILS** Original lease - 999 years Lease remaining - 937 years Maintenance charge - £61 per month Ground rent - n/a **APPROXIMATE RENTAL VALUE** £850pcm **COUNCIL TAX** Band B **FREE MORTGAGE ADVICE** We are pleased to be able to offer the services of an Independent Mortgage Adviser who can access a variety of mortgage rates from leading Banks and Building Societies. For a free, no obligation discussion or quote, please contact Stuart Milton, our mortgage adviser, on ## Property Photos - ![ (Main)](/listings/photos/124183883/741659) - (Main) - ![Other](/listings/photos/124183883/741660) - Other - ![Other](/listings/photos/124183883/741661) - Other - ![Other](/listings/photos/124183883/741662) - Other - ![Other](/listings/photos/124183883/741663) - Other - ![Other](/listings/photos/124183883/741664) - Other - ![Other](/listings/photos/124183883/741665) - Other - ![Other](/listings/photos/124183883/741666) - Other - ![Other](/listings/photos/124183883/741667) - Other - ![Other](/listings/photos/124183883/741668) - Other ## Floorplans - ![Other](/listings/photos/124183883/741669) - Other ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | JOSEPHINE COURT 4 SOUTHCOTE ROAD, READING, RG30 2DG | £180,000 | 15/12/2025 | Flat | | JOSEPHINE COURT 18 SOUTHCOTE ROAD, READING, RG30 2DG | £140,000 | 28/08/2025 | Flat | | PETWORTH COURT 1 BATH ROAD, READING, RG1 6PH | £185,000 | 12/03/2025 | Flat | | 70 BRUNSWICK STREET, READING, RG1 6NZ | £275,000 | 26/10/2023 | Flat | | JOSEPHINE COURT 92 SOUTHCOTE ROAD, READING, RG30 2DQ | £220,000 | 20/10/2023 | Flat | | MARIA COURT 23 SOUTHCOTE ROAD, READING, RG30 2AS | £212,000 | 13/10/2023 | Flat | | HAMPTON TOWERS 4 SOUTHCOTE ROAD, READING, RG30 2EW | £225,920 | 28/09/2023 | Flat | | LESLEY COURT 29 SOUTHCOTE ROAD, READING, RG30 2AT | £200,000 | 08/09/2023 | Flat | | 17 FLAT 3 SOUTHCOTE ROAD, READING, RG30 2AQ | £237,000 | 07/06/2023 | Flat | | WISDOM COURT FIRST FLOOR FLAT 4 SOUTHCOTE ROAD, READING, RG3 2AG | £243,750 | 12/05/2023 | Flat | | JOSEPHINE COURT 4 SOUTHCOTE ROAD, READING, RG30 2DG | £170,000 | 10/05/2023 | Flat | | PETWORTH COURT 37 BATH ROAD, READING, RG1 6PH | £192,000 | 03/05/2023 | Flat | | KINGSWOOD COURT 18 SOUTHCOTE ROAD, READING, RG30 2AU | £230,000 | 10/03/2023 | Flat | | TRAFALGAR COURT 54 SOUTHCOTE ROAD, READING, RG30 2EN | £169,000 | 20/01/2023 | Flat | | BETA HOUSE 2 SOUTHCOTE ROAD, READING, RG30 2AR | £170,000 | 21/12/2022 | Flat | | MARIA COURT 1 SOUTHCOTE ROAD, READING, RG30 2AS | £247,500 | 16/12/2022 | Flat | | TRAFALGAR COURT 16 SOUTHCOTE ROAD, READING, RG30 2EN | £160,000 | 09/12/2022 | Flat | | 29 FLAT 5 HADEN SQUARE, READING, RG1 6FE | £237,000 | 09/12/2022 | Flat | | TRAFALGAR COURT 55 SOUTHCOTE ROAD, READING, RG30 2EN | £145,500 | 14/11/2022 | Flat | | JOSEPHINE COURT 75 SOUTHCOTE ROAD, READING, RG30 2DQ | £220,000 | 26/10/2022 | Flat | **Area average:** £202,984 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £228,411 (48 Flat, RG30, 2024–2026) - **Deviation:** -23.4% ## Rental Range *ONS Price Index of Private Rents (Reading). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,419/mo - **Realistic:** £1,577/mo - **Optimistic:** £1,735/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 | |------|------|------|------|------| | 1 Bed Flat, Southcote Road, RG30 | £1,150/mo | 1 | 0.07 miles | OpenRent | **Average rent: £1,150/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.66% (weak for cashflow) - **Max investor price (0.8%):** £143,750 - **Target investor price (1%):** £115,000 *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 £1,150/mo).* - **Gross yield:** 7.9% - **Cost-to-rent:** 12.7× - **Monthly cashflow:** £321/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 7.6% *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:** 3.5% - **10y growth:** -13.9% ## House Price Index (HM Land Registry) *Official index for Reading; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -5.2% - **5y growth (index):** 2.7% - **10y growth (index):** 4.3% ## 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)