Summary - Carraway Street, Reading, RG1 RG1 3GB
3 bed 2 bath Apartment
Spacious three-bedroom home with patio, parking and strong rental potential.
Three double bedrooms across split-level layout
Private patio and gated allocated off-street parking
Currently let at £3,000 pcm; tenancy ends 19 Dec 2025
Possible gross rental yield circa 7.2% at asking price
Built 2023; modern finish, FTTP ultrafast broadband
Service charge £4,900pa (includes communal heating) — above average
Communal heating system; no individual boiler
Area records higher crime; council tax above average
A recently built, split-level three-double-bedroom maisonette in the Huntley Wharf development, finished in 2023 and extending to 1,036 sq ft. The layout offers generous bedroom space across two floors, two bathrooms and a private patio, plus an allocated gated off-street parking space — practical for long-term lettings or owner-occupiers who commute.
Currently let on an AST at £3,000 pcm (tenancy ends 19 Dec 2025), the property presents an immediate income stream and a possible gross yield of approximately 7.2% based on the asking price. It can be sold with tenants in situ or with vacant possession, giving flexibility to investors or buyers wanting to move in. Broadband is ultrafast FTTP and mobile reception is excellent, supporting modern rental demand.
Buyers should note the material running costs: an above-average service charge of £4,900pa (which includes communal heating and hot water from the communal boiler) and above-average council tax. Heating is provided by a communal scheme rather than an individual boiler. There is a modest ground rent of £250pa. The 997-year lease is effectively equivalent to a long leasehold freehold for practical purposes.
The development benefits from riverside walks, landscaped communal gardens and a concierge service, and is a short walk to the town centre and mainline station — strong locational drivers for both tenants and future resale. Be candid about local conditions: the area records higher crime levels and is classified as a multicultural student neighbourhood and inner-city cosmopolitan area, which will influence buyer and tenant profiles.
3 bedroom apartment for sale in Palmer Street, Reading, RG1 — £450,000 • 3 bed • 2 bath • 824 ft²
2 bedroom flat for sale in Reading, RG1, RG1 — £380,000 • 2 bed • 1 bath • 688 ft²
2 bedroom apartment for sale in Palmer Street, Reading, RG1 — £400,000 • 2 bed • 2 bath • 725 ft²
2 bedroom apartment for sale in Discovery House South, Palmer Street, RG1 — £495,000 • 2 bed • 2 bath • 743 ft²
2 bedroom apartment for sale in Katesgrove Lane, Reading, RG1 — £265,000 • 2 bed • 2 bath • 724 ft²
2 bedroom apartment for sale in Carraway Street, Reading, Berkshire, RG1 — £375,000 • 2 bed • 2 bath • 680 ft²
