About This Property

Discover what makes this home special

This modern two-bedroom, two-bathroom apartment is located in the prestigious Reading Riverworks development, offering a stylish urban lifestyle with excellent connectivity. Situated on the fifth floor, the property boasts a spacious open-plan kitchen and living area that leads to a private balcony, perfect for enjoying the city views and natural light. The master bedroom benefits from an en-suite bathroom and built-in wardrobe, while the second bedroom and family bathroom provide ample space for guests or family members.

The apartment is ideally positioned just a short walk from Reading Station, providing direct rail links to London Paddington in just 25 minutes, making it an excellent choice for commuters. The surrounding area is vibrant, with a range of shops, restaurants, parks, and schools nearby, making it suitable for professionals and families alike. With ongoing regeneration projects in the vicinity, this property represents a sound investment in a growing and well-connected area.

Property Features

This apartment offers a contemporary design with a focus on comfort and convenience. The open-plan kitchen and living area create a welcoming space for entertaining, while the balcony provides an outdoor retreat. Both bedrooms are generously sized, with the master bedroom featuring an en-suite bathroom and built-in wardrobe. Modern fixtures and secure entry add to the appeal, ensuring a comfortable and secure living environment.

BalconyEn-suite BathroomOpen-plan Kitchen/DiningBuilt-in WardrobesFifth FloorSecure Entry+1

Local Amenities

Located in the heart of Reading, the property benefits from immediate access to a wide range of amenities. The Oracle Shopping Centre offers extensive retail options, while the nearby Thameside Promenade provides scenic riverside walks and leisure opportunities. Educational facilities such as Reading College and several well-regarded schools are within easy reach. Excellent local transport links and a vibrant dining scene further enhance the lifestyle on offer in this thriving urban area.

Reading StationThe Oracle Shopping CentreThameside PromenadeReading MuseumThames Valley ParkReading College+2
Reading Station Train Station (0.2 miles, 3 mins drive) • N/A (property is in Reading) to Reading

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£475,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£198/mo
Estimated Ground Rent£16/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£475,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£198/mo
Estimated Ground Rent£16/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Attractive Investment
78/100
ChallengingModerateGoodExcellent
Excellent rail connectivity to London
Strong local amenities and regeneration projects
Competitive rental yields in Reading
Limited parking options may affect some buyers

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£475,000
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£198/mo
Estimated Ground Rent£16/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
7.7%
Based on £3,048/mo rent
Area Price Growth
+2.6%
Average annual increase
5-Year Value Forecast
£540,046
+£65,046 projected gain
5-Year Rent Forecast
£3,620/mo
Based on 3.5% annual growth
Price per Sq Ft£613
Annual Rent Income£36,576
10-Year ROI308%
Break-Even Point12 yrs

Property Value Projection

Based on 2.6% annual growth
£540,046
5yr
£613,998
10yr
£698,078
15yr
£793,672
20yr
£902,355
25yr
Current: £475,000

Monthly Rental Income

Based on 3.5% annual growth
£3,620
5yr
£4,300
10yr
£5,106
15yr
£6,065
20yr
£7,203
25yr
Current: £3,048/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplan

Ground Floor

Property Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

London Paddington
25 mins
1h 10m
Heathrow Airport
40 mins (via train and bus)
30 mins

Sun Path & Natural LightAI generated - Estimated

NESW
South-East-Facing Excellent
6h
Garden Sun (Summer)
Yes
Morning Sun
No
Afternoon Sun

Room-by-Room Light Analysis

Living Room
Morning Excellent
Afternoon Good
Evening Low
Kitchen/Dining
Morning Good
Afternoon Moderate
Evening Low
Bedroom 1
Morning Good
Afternoon Moderate
Evening Low
Bedroom 2
Morning Moderate
Afternoon Good
Evening Low

Location Scores

85
Walk Score
Very Walkable
80
Transit Score
Excellent Transit
70
Bike Score
Very Bikeable
View Location Details

Future Developments Nearby

Mixed-use Development+Positive Impact
Reading Station Area Regeneration
0.3 milesEst. 2025
Commercial+Positive Impact
Green Park Business Expansion
2.5 milesEst. 2027
* Information based on local planning applications and may be subject to change

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£475,000
AvailableNB0000026744
View Location Analytics

Property 24, Station House

Reading Riverworks, Reading RG1 8BU
Reading Riverworks
2
Bedrooms
2
Bathrooms
775
Est. Sq ft
apartment
Type
Available Plot Numbers
Unit 24
1 plot(s) available
Ownershipleasehold

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£475,000Property 24, Station House

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Property 24, Station House
Property 24, Station HouseReading Riverworks£475,000

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