1 bed flat for sale

Palmer Street, Reading RG1

Shared ownership


Full Market Value: £280,000

Share Value (25%): £70,000

Monthly Rent: £576.16

Service Charge: £215.51

Council Tax Band: C

990 year lease commenced January 2021 - 987 years remaining

EWS1 Certification is available for this property - A1

A £500 Amazon Voucher on Completion*

Offered for sale is this well presented one bedroom second floor apartment. Accessed via a well kept communal entrance, there is a large, open-plan kitchen/living/dining space leading directly on to a balcony to the rear. There is a double bedroom, in addition to a contemporary family bathroom. Allocated parking space.

Palmer Street enjoys a prime central location in the heart of Reading, offering exceptional convenience for both commuters and urban lifestyle seekers. Just a short walk from Reading Station, this sought-after address provides fast rail connections to London Paddington (in as little as 25 minutes), as well as access to the Elizabeth Line and direct services to Heathrow.

Residents benefit from immediate proximity to the vibrant town centre, home to The Oracle shopping centre, a wide range of restaurants, bars, cafés, and entertainment venues. For green space and relaxation, the riverside paths along the Kennet and Thames are easily accessible, as are nearby parks including Forbury Gardens.

Palmer Street is well connected by road, with easy access to the A33, M4, and local bus routes, making it ideal for both professionals and families looking for convenience without compromising on lifestyle.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £44,110. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website and register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of October 2025.

*The £500 Amazon Voucher is currently being offered on this resale property for a limited time and is applicable to any Shared Ownership purchase that completes a reservation on or before 31st October 2025, and then completes on the sale before 31st January 2026. The voucher will be supplied within 75 days of completion of the purchase and will be an e-Voucher, issued by email to the Sole or Primary Purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. L&Q reserve the right to remove an incentive at any time.