# 2 bedroom apartment for sale (RG1 8FY)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 16, 1 COX TERRACE, READING, READING RG1 8FY |
| Price | £315,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | D |
| Last sold | £357,000 Aug 2022 |

## Description

A modern two-bedroom, two-bathroom apartment within this sought-after Bellway development, completed in 2022. The property offers bright, contemporary accommodation comprising an entrance hall, spacious open-plan living/kitchen area, two well-proportioned bedrooms and two bathrooms, including an en-suite to the principal bedroom. Further benefits include secure undercroft parking and the remainder of the NHBC warranty until 2032. Ideally suited to first-time buyers, professionals or investors, the property is conveniently located for Reading’s amenities and transport links.

**Additional Information:** - Parking:

Parking is a gated, covered, allocated space

Lease information.

Years remaining: 995

Service charge: £2145.05

Ground rent: £0

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”

## Property Photos

- ![Photo](/listings/photos/92230566/2498033)
- ![Photo](/listings/photos/92230566/2498036)
- ![Photo](/listings/photos/92230566/2498038)
- ![Photo](/listings/photos/92230566/2498040)
- ![Photo](/listings/photos/92230566/2498042)
- ![Photo](/listings/photos/92230566/2498044)
- ![Photo](/listings/photos/92230566/2498047)
- ![Photo](/listings/photos/92230566/2498049)
- ![Photo](/listings/photos/92230566/2498050)
- ![Photo](/listings/photos/92230566/2498051)
- ![Photo](/listings/photos/92230566/2498052)
- ![Photo](/listings/photos/92230566/2498053)

## Floorplans

- ![Floorplan 1](/listings/photos/92230566/2498054) - Floorplan 1

## EPC Graphs

- ![EE Rating](/listings/photos/92230566/2498055) - EE Rating

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 1 FLAT 16 COX TERRACE, READING, RG1 8FY | £357,000 | 10/08/2022 | 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 |
|---------|-------|------|------|
| 8 PRINTERS ROAD, READING, RG1 8GF | £505,000 | 22/07/2022 | Flat |

**Area average:** £505,000 (1 sale)

## Price vs local average

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

- **Local average:** £233,536 (76 Flat, RG1, 2024–2026)
- **Deviation:** +34.9%

## Rental Range

*ONS Price Index of Private Rents (South East). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,283/mo
- **Realistic:** £1,426/mo
- **Optimistic:** £1,569/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, Regents Riverside, RG1 | £1,875/mo | 2 | 0.33 miles | OpenRent |
| 2 Bed Maisonette, Lynmouth Road, RG1 | £1,450/mo | 2 | 0.36 miles | OpenRent |
| 2 Bed Flat, Halcyon, RG1 | £1,850/mo | 2 | 0.41 miles | OpenRent |
| 2 Bed Flat, Hunsaker, RG1 | £1,650/mo | 2 | 0.41 miles | OpenRent |
| 2 Bed Flat, Russell St, RG1 | £1,295/mo | 2 | 0.52 miles | OpenRent |

**Average rent: £1,624/mo (5 listings)**

## 1% Rule

- **Rent ratio:** 0.52% (weak for cashflow)
- **Max investor price (0.8%):** £206,250
- **Target investor price (1%):** £165,000

*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 £1,650/mo).*

- **Gross yield:** 6.3%
- **Cost-to-rent:** 15.9×
- **Monthly cashflow:** £219/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 2.9%

*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:** -4.2%

## House Price Index (HM Land Registry)

*Official index for South East; Flats and maisonettes series; as of July 2026.*

- **1y growth (index):** -2.7%
- **5y growth (index):** 2%
- **10y growth (index):** 8.1%

## 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)