Flat 2 The Picture House Cheapside, Reading
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Flat 2 The Picture House Cheapside, Reading

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We have confidence in this estimated current valuation Updated recently
£259,935
Or £1,690 per month to rent Powered by AVM
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Listing history

For Sale
May 1, 2025
£225,000

Property Description

Data accuracy has been checked and verified for this property.

Our analysis

Welcome to Flat 2 The Picture House Cheapside, Reading, a cozy and compact flat type home with 2 bed in the RG1 7AB area. This lovely residence, which comes with a leasehold tenure, and sits comfortably in tax band D.

This modern and well-kept property was built 2003-2006 and has a reported internal area of 60.91 internal square metres The local area is known for its high value-to-quality ratio - with a market valuation of £259,935 and a rental potential of £1,690 per month, , it represents not just a residence but a worthwhile investment in a sought-after area.

You can discover more about this property by reading the Mouseprice attributes tables in the next section, or if you are the owner and would like to update this property, for example if you've built an extension, you can do so at the top of this page.

Additional analysis

In addition to our own current description, this property has received a tailor-made description dated to May 1, 2025. It's possible the property has changed since then, but we are dedicated to giving you everything you need to make smart property decisions. Here's a snippet, and if you'd like to view the full thing, just click to expand.

"The Picture House is a modern and well appointed two bedroom first floor apartment, situated in a prime location in the heart of Reading. Offering a blend of contemporary living, excellent transport links, and a secure environment, this leasehold property is ideal for first time buyers, professionals, or investors looking for a centrally located, low maintenance home.

Key Features
Kitchen A well designed and functional kitchen with modern cabinetry, ample storage, and high quality appliances, making it perfect for cooking and entertaining.

Living Room A bright and spacious living area, offering a comfortable space for relaxation and socializing.

Patio Door to Secure Internal Courtyard The living area benefits from direct access to a private, secure courtyard, providing an outdoor retreat within the development.

Bedrooms & Bathrooms
Master Bedroom with En Suite Shower Room A generous master bedroom featuring a private en suite shower room, offering both convenience and privacy.

Second Bedroom A well proportioned second bedroom, perfect for guests, a home office, or additional living space.

Family Bathroom A stylish main bathroom fitted with modern fixtures, a bathtub, and contemporary tiling.

Additional Features
Gas Vaillant Combination Boiler & Central Heating Installed in recent years, ensuring efficient heating and hot water supply.

Lift Access The building includes lift access, providing added convenience for residents.

Ample storage space The hallway has two walk in storage cupboards providing ample space.

Floor to Ceiling Windows The flat benefits from lots of light throughout with large windows and patio doors. Overlooking a private courtyard creating a peaceful atmosphere.

Leasehold & Costs
Lease Remaining 102 years
Ground Rent £200 per year
Service Charge £3,829.84 per year
These costs cover maintenance, security, and communal areas, ensuring a well kept and managed development.

Location & Lifestyle
Located in Cheapside, Reading, the property benefits from superb access to local amenities, shopping centres, and entertainment venues. Reading s vibrant town centre offers a wide selection of shops, bars, restaurants, and cultural attractions, all within walking distance.

For commuters, the property is within easy reach of Reading Station, providing fast and frequent train services to London Paddington, Oxford, and other key destinations. The area also benefits from excellent bus links and road connections, making travel convenient for professionals and students alike.

Viewing is highly recommended to fully appreciate the size and potential of this property.

Buyer Process Our customers use British Homebuyers to either purchase or assist in selling properties quickly and reliably. Therefore any new applicants to purchase are subject to vetting to ensure they meet strict criteria.

Exclusivity Fee

You can secure the purchase today by paying an exclusivity fee of £2,000 which gives you the rights to purchase within a given timeframe. The exclusivity fee is returned to you upon successful completion of the property.

A processing fee of £200 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre agreed timeframe.

Paying this fee ensures that the seller takes their property off the market and reserves it exclusively for you, therefore eliminating the risk of gazumping and aborted costs.


Disclaimer
The particulars are set out as a general outline only for the guidance of intended purchasers and do not constitute, any part of a contract. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any of the services, appliances, equipment or facilities are in good working order. Purchasers should satisfy themselves of this prior to purchasing. The photograph s depict only certain parts of the property. It should not be assumed that any contents furniture etc. photographed are included in the sale. It should not be assumed that the property remains as displayed in the photograph s . No assumption should be made with regard to parts of the property that have not been photographed. Any areas, measurements, aspects or distances referred to are given as a GUIDE ONLY and are NOT precise. If such details are fundamental to a purchase, purchasers must rely on their own enquiries. Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further inquiries to ensure that our descriptions are likely to match any expectations you may have."

Property Data

Data point Compared to road
Tax band D

Estimated running costs

Running cost(monthly) Cost Opportunity
Mortgage £1,183 Try Mortgage Tracker
Energy £322 Try Energy Switcher
Water £50 Water meter checkup
Broadband £30 Find better offers
Home insurance £13 Explore insurance

Schools and stations

Nearby Schools
Katesgrove Primary School
0.2mi
Kendrick School
0.3mi
The Deenway Montessori School
0.3mi
Coley Primary School
0.3mi
The Abbey School Reading
0.5mi
Nearby Stations
Reading Station
0.5mi
Reading West Station
0.8mi
Earley Station
2.4mi
Tilehurst Station
2.8mi
Winnersh Triangle Station
3.6mi

Comparable properties

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Photos

Strengths and Opportunities

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Our FREE new platform which provides tailored improvement suggestions, alerts, and lets you keep track of and modify property data with absolute ease.

Renovation improvements

🤔
New Kitchen
This could increase your home value by £15,000
🤔
New Bathroom
This could increase your home value by £5,000
🤔
Air Conditioning
This could increase your home value by £7,000
🤔
New Windows
This could increase your home value by £10,000

Cost improvements

🤔
Suggestion: Switch energy provider
Click here to view providers

Strengths

😀
Strength: Good price per square metres
The most similar local properties have a comparable price per square metre.

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Frequently asked questions

  1. How much is Flat 2 The Picture House Cheapside, Reading worth?

    Flat 2 The Picture House Cheapside, Reading is now worth £259,935 according to our Mouseprice AVM.

    If you would like to book a free agent valuation for Flat 2 The Picture House Cheapside, Reading - click click here to get a valuation with no strings attached.

  2. What is the rental value of Flat 2 The Picture House Cheapside, Reading?

    The current rental valuation for this property is £1,690 per month, within a price range of £1,521 and £1,859.

  3. How many bedrooms does Flat 2 The Picture House Cheapside, Reading have?

    This property has 2 bedrooms. Search for nearby properties with 2 bedrooms - for sale and to rent.

  4. What are the nearest schools and stations to Flat 2 The Picture House Cheapside, Reading?

    Nearby schools in include Katesgrove Primary School, Kendrick School, The Deenway Montessori School, Coley Primary School, The Abbey School Reading

    Nearby stations in include Reading Station, Reading West Station, Earley Station, Tilehurst Station, Winnersh Triangle Station.

  5. What type of property is Flat 2 The Picture House Cheapside, Reading

    This is a Flat property. There are 23 other Flat properties on CHEAPSIDE, and 23 in total.

  6. When was Flat 2 The Picture House Cheapside, Reading built? How old is Flat 2 The Picture House Cheapside, Reading?

    Flat 2 The Picture House Cheapside, Reading was was built between 2003-2006.

Breadcrumbs

Disclaimer

Whilst all reasonable effort is made to ensure the information in this publication is current, Mouseprice does not warrant the accuracy or completeness (including reliability, currency or suitability) of the data and information contained on this page, and accepts no liability (including without limitation, liability in negligence) for any loss or damage or costs (including consequential damage) arising in connection with the data and information contained on this page.

Nearby locations

Reading, Berkshire Bracknell, Berkshire Newbury, Berkshire Hungerford, Berkshire Thatcham, Berkshire Newbury, Hampshire Basingstoke, Hampshire Tadley, Hampshire Hook, Hampshire Whitchurch, Hampshire Wokingham, Berkshire Crowthorne, Berkshire Henley-on-thames, Oxfordshire