Alfred Street, Reading RG1

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Black & White Property Services - Caversham Phone: 0118 443 1247

<p><strong>Positioned on the 17th floor, this impressive one bedroom apartment offers a level of elevation rarely available — making it one of the highest residential homes in RG1 with far-reaching panoramic views across the Town Centre & far beyond to the North & East, all within walking distance of Reading Station and the town centre.</strong></p><p>The outlook is a true highlight, with expansive skyline views creating a bright, uplifting living environment throughout the day and into the evening.</p><p>The property forms part of the Hewitt building within the Chatham Place development, built by Muse Developments circa 2016/2017 — widely regarded as one of Reading’s most recognisable modern residential schemes. Residents benefit from a concierge service, secure entry system, communal garden space and lift access, delivering both convenience and a premium feel.</p><p>Internally, the apartment has been redecorated throughout prior to marketing, presenting in excellent condition and ready for immediate occupation. The open-plan living space is bright and well-designed, with large windows maximising both natural light and the impressive views.</p><p>The kitchen is finished in a contemporary style with integrated appliances include full size fridge/freezer, slimline dishwasher, oven, hob & extractor hood, while the generous double bedroom offers excellent proportions and comfort with mirrored built in wardrobe. A modern bathroom with large mirrored storage, bath with shower over, basin & w.c, the hallway contains 2 cupboards, one utility cupboard housing a washer/dryer and individual CPU heating unit, and the other offers storage.</p><p>The EPC confirms a strong C rating, reflecting the building’s modern construction and efficient design .</p><p>A major advantage is the long lease of approximately 237 years remaining, providing long-term security and strong mortgage appeal.</p><p>Offered vacant with no onward chain, the property is ready for a swift and straightforward purchase. Additionally, it can be sold fully furnished by separate negotiation, making it an ideal turnkey option.</p><p><strong>Key Details:</strong></p><p>17th Floor with lift access, and access to communal garden</p><p>Underfloor heating throughout delivered from the mains gas boiler, communal to the building, with individual CPU unit in each apartment for accurate billing</p><p>Water: Metered</p><p>Service Charges: £2600 per annum inc hot water</p><p>Ground Rent: £350 per annum</p><p><strong>Investment Opportunity</strong></p><p>This apartment represents an <strong>excellent ready-made investment opportunity</strong>, particularly given its condition, specification and concierge-led development.</p><p>One-bedroom apartments within this building and immediate area typically achieve <strong>£1,100 – £1,300 pcm</strong>, depending on presentation and furnishing — with this unit’s <strong>high-floor position and views placing it at the upper end of that range, the last rent achieved on this apartment was £1290pcm (March 2026)</strong>.</p><p>This equates to <strong>strong gross yields in the region of 6%+</strong>, supported by:</p><ul><li><p>High demand from professionals and commuters</p></li><li><p>Prime central location near Reading station</p></li><li><p>Modern specification and energy efficiency (EPC C) - future proofed from EPC minimum standards due to change in 2030</p></li><li><p><strong>Concierge service enhancing tenant appeal</strong></p></li><li><p>Turnkey potential with furniture included</p></li></ul><p>With <strong>service charges at £2,600 per annum</strong> inc hot water and <strong>ground rent at £350 per annum</strong>, the costs remain consistent with similar premium, lift-serviced developments in RG1.<br/></p><br/>EPC Rating: C