FLAT 8
PALMERSTONE PLACE, PALMERSTONE ROAD, READING, EARLEY, WOKINGHAM RG6 1JB
£350,000
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
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)
Flood risk
Zone: 1
Risk: Low
Job (default Low)
Floorplans
Floorplan
EPC Graphs
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).
House Price Index (HM Land Registry — official index, not sold-price averages): Wokingham. Series: Flats and maisonettes. As of April 2026.
Rental Range
Estimated market rent for Wokingham. Low = conservative, Realistic = average, Optimistic = best case.
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 — 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).