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For saleReduced 3 Oct 2026
£175,000

Drake Way, Reading, RG2 0WR

1bedroom
1bathroom
Apartmenttype
484sq ft
Leaseholdtenure

Listed 8 Sept 2026 · price reduced 3 Oct 2026 · Reading

How the price compares

This home£175,000£362 per sq ft
Median 1 bed in RG2£190k13 homes listed · £444 per sq ft
Difference-8%below the area median

Key features

  • Modern one-bedroom first-floor flat
  • Immaculate condition
  • Allocated off-road parking right by the entrance
  • Convenient transport links
  • High EPC rating of B
  • Service Charge: £1,690 pa
  • Ground Rent: £533 pa
  • With a 999-year lease from 1 January 2006
  • Strong yield opportunity for investors
  • No onward chain

About this home

A modern one-bedroom first-floor flat, ideally located in the popular Kennet Island development, offering convenient transport links to Reading town centre, the Royal Berkshire Hospital and the University of Reading. The property is presented in immaculate condition and comprises a spacious open-plan living and kitchen area, well-proportioned bedroom and modern bathroom. Further benefits include allocated off-road parking, right by the entrance, and a high EPC rating of B. Excellent local amenities are nearby. With a 999-year lease from 1 January 2006 and strong rental potential, this property is an excellent opportunity for investors. Service Charge: £1,690 pa. Ground Rent: £533 pa. No onward chain.

In compliance with UK Anti-Money Laundering legislation, we are required to carry out identity and AML checks on all buyers. A non-refundable fee of £25 per buyer applies which is payable on offer acceptance.

Property details

Property type
Apartment
Size
484 sq ft / 45 sq m
Council tax band
C
Tenure
Leasehold
Lease remaining
978 years left
Ground rent
£533 per year (Ask agent about the review period)
Service charge
£1,690 per year
Parking
Allocated
Heating
Electric

Floorplan

Floorplan

Location

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1 on this map

  • Reading Green Park Station1.2 mi
  • Reading West Station1.7 mi
  • Reading Station1.8 mi

What nearby homes sold for

Median sold prices in RG2 over the last 12 months: semi-detached £420k · terraced £361k · flat £258k · detached £625k.

AddressTypeSoldPrice
Flat 8, 27, Drake Way
Reading RG2 0WR		Flat
Leasehold		18 Sept 2026£235,000
Flat 313, Cygnet House, Drake Way
Reading RG2 0NX		Flat
Leasehold		14 Sept 2026£250,000
Flat 205, Cygnet House, Drake Way
Reading RG2 0NX		Flat
Leasehold		14 Aug 2026£172,000
Flat 604, Skylark House, Drake Way
Reading RG2 0PA		Flat
Leasehold		31 Jul 2026£280,000
Flat 11, Lundy House, Drake Way
Reading RG2 0GQ		Flat
Leasehold		1 Jul 2026£125,000
Flat 42, Thorney House, Drake Way
Reading RG2 0GZ		Flat
Leasehold		29 Jun 2026£225,000
Flat 112, Cygnet House, Drake Way
Reading RG2 0NX		Flat
Leasehold		12 Jun 2026£262,500
Flat 113, Cygnet House, Drake Way
Reading RG2 0NX		Flat
Leasehold		30 Apr 2026£260,000
Flat 106, Nightingale House, Drake Way
Reading RG2 0PD		Flat
Leasehold		17 Apr 2026£277,400
Flat 7, 1, Drake Way
Reading RG2 0GR		Flat
Leasehold		31 Mar 2026£177,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in RG2

Buying costs

Monthly repayment£875£17,500 deposit · £157,500 loan
Stamp Duty£1,000England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Martin & Co, Reading on Rightmove (original listing). First listed 8 Sept 2026; details checked 7 Nov 2026. Latest change: reduced on 03/10/2026.

Agent disclaimer

Disclaimer - Property reference 100669001884. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Martin & Co, Reading. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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