1 bed flat for sale

51 Flagstaff Road, Reading RG2

Shared ownership


Full Market Value: £280,000

Share Value (25%): £70,000

Monthly Rent: £500.98

Service Charge: £222.00

999 year lease commenced January 2016- 988 years remaining

EWS1 Certification is available - A1 rating

This dual aspect apartment comprises a generous open plan living area incorporating a modern kitchen with fully integrated appliances including oven, induction hob, fridge/freezer, dishwasher and integrated extractor. This opens onto a full-width south facing private balcony with far reaching views across the lake. A well proportioned bedroom benefits from a built in wardrobe with mirrored sliding doors, and a contemporary bathroom completes the accommodation.

Reading Gate Retail Park has everything you need to make your new apartment a home, or in 10 minutes by car you can reach a range of shopping centres in Reading town centre, such as The Oracle and Broad Street Mall. Rading also offers a phethera of restaurants and bars. The Hexagon in the centre of town offers amazing theatre and arts.

Surrounded by lakes you can stroll through the landscaped surroundings of the beautiful South Lake, just on your doorstep, which gives you lovely views of the waterfront development. The River Kennet and River Thames, both of which flow through Reading offer great country walks.

London is a short train ride away, and can be reached in under half an hour via the fast Great Western Railway service from Reading to Paddington. Other popular UK cities can also be reached via Reading train station, making journeys to Exeter, Bristol, Cardiff, Birmingham and Southampton Central super accessible. Heathrow airport is just 26.5 miles via the M4 from Reading. Many other towns and cities such as Basingstoke, Newbury, Slough, Oxford and Guildford can also be easily accessed via road or rail services.

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 £39,208. 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 November 2025.