Sold STC Flat

FLAT 8

PALMERSTONE PLACE, PALMERSTONE ROAD, READING, EARLEY, WOKINGHAM RG6 1JB

4 beds 2 baths 1,378 sq ft Listed 29 Oct 2021 (-1725d)

£350,000

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Property details

Tenure

LEASEHOLD

Floor area

128 m²

EPC rating

C

Year built

England and Wales: 2003-2006

Last sold

£350,000 Apr 2022

Price per m²

£2,734/m²

Local average

£214,650 (+63.1%)

Deprivation

Decile 10 (31,253 of 33,755)

Street crime

236 incidents within 1 mile (May 2026)

Key features

  • Duplex Apartment
  • Four/Five Bedrooms
  • Two Allocated Parking Spaces
  • Spacious Kitchen and Dining Room
  • Large Living Room with Juliet Balcony
  • Easy Access to Reading Town Centre
  • Modern Development
  • Communal Garden Area

Additional details

Parking
Yes

Description

A modern and spacious four/five bedroom duplex apartment located within a popular residential location in Earley giving easy access to Reading town centre.

The unique property offers accommodation of approx. 1400 square ft which comprises a spacious living room with French doors opening to a Juliet balcony, a modern fitted kitchen and open plan dining room. There is a double bedroom and a modern shower room to the ground floor. On the first floor there are two large double bedrooms, two further bedrooms with one being used as an office and a three piece bathroom suite.

Outside there is a communal garden area with bin storage and a bike area, whilst the flat also comes with two allocated parking spaces.

Listed by

Reading

The Lomond Group

Reference: 82279650

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 25/10/2021

Expiry date: 24/10/2031

Current heating cost: £364/year

Potential heating cost: £374/year

Est. upgrade cost to C: £75

Recommendations

  • Low energy lighting for all fixed outlets (£75)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

EPC Graphs

Epc

Epc

Price history

55% since 2012

Event Date Price % change
Sold 04/04/2022 (4 years ago) £350,000 +1.4%
Sold 05/08/2019 (6 years ago) £345,000 +21.1%
Sold 25/04/2014 (12 years ago) £285,000 +26.1%
Sold 18/05/2012 (14 years ago) £226,000

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
Same street PALMERSTONE PLACE FLAT 6 PALMERSTONE ROAD, EARLEY, READING, WOKINGHAM, RG6 1JB £255,000 28/07/2022 Other
Same street PALMERSTONE PLACE FLAT 3 PALMERSTONE ROAD, EARLEY, READING, WOKINGHAM, RG6 1JB £265,000 23/03/2022 Flat

Street average: £260,000 (2 sales)

Capital growth trend

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

5y growth 14.9%
10y growth -8%

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

1y (index) -7.7%
5y (index) 2.3%
10y (index) 3.5%

Rental Range

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

Low £1,334/mo
Realistic £1,482/mo
Optimistic £1,630/mo

Based on Local Authority from postcode lookup → Wokingham.

Location

Address

Palmerstone Road

Nearby

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

Type Name Distance
Bus stop Culver Lane 0.1 miles
Bus stop Whitegates Lane 0.1 miles
Shop Stumbles Cycles 0.7 miles
Shop Unknown 0.8 miles
University Dreadnought, University of Reading 0.8 miles
Train station Earley 0.9 miles
University University of Reading, London Road Campus 1.3 miles
Train station Reading 1.9 miles
Hospital Wokingham Hospital 4.6 miles
Hospital Broadmoor Hospital 8.7 miles

Street-level crime

Category Count
Violence and sexual offences 75
Shoplifting 53
Anti-social behaviour 21
Other theft 18
Public order 17
Criminal damage and arson 12
Bicycle theft 8
Burglary 7
Vehicle crime 7
Drugs 6
Robbery 5
Other crime 3
Theft from the person 3
Possession of weapons 1
Total incidents 236

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
Alfred Sutton Primary School Primary 0.4 miles Good — 9 Nov 2012
Maiden Erlegh School in Reading Secondary 0.5 miles Good — 5 Jul 2018
UTC Reading Secondary 0.5 miles Inadequate — 30 Mar 2023
Earley St Peter's Church of England Primary School Primary 0.6 miles Good — 16 May 2016
Addington School Other 0.6 miles Outstanding — 5 Sep 2013

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
4 Bed Semi-Detached House, Byron Road, RG6 £700/mo 4 0.11 miles OpenRent
4 Bed Semi-Detached House, Regis Park Road, RG6 £3,986/mo 4 0.43 miles OpenRent

Average rent: £2,343/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.67%
Max investor price (0.8%) £292,875
Target investor price (1%) £234,300
Gross yield 8%
Cost-to-rent ratio 12.4×
Monthly cashflow £705/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 8.3%
  • 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).