Compass House, South Street Reading RG1 4GQ

A well-presented two bedroom second floor flat in Reading is available now on a part-buy/part-rent basis.

Reference number: RS29_4EQ

Share available: 50 %

Value of share for sale: £120,000

Open Day

23 February 2019 @ 11am - 3pm

Viewings strictly by appointment only.

020 8832 3372


A well-presented two bedroom second floor flat in Reading is available now on a part-buy/part-rent basis.


GIA – Approx 75m²


Bedroom 1 – Approx 13.5m²

  • Double with carpets
  • Fitted double wardrobes
  • Space for bedside tables



Bedroom 2 – Approx 6.95m²

  • Single with carpets
  • Space for wardrobe



Bathroom/WC – Approx 4.62m²

  • Suite with overhead shower in bath tub
  • Handwash basin and WC
  • Lino flooring


Kitchen – Approx 10.76m²

  • Open plan to lounge/dining area
  • Oven and hob with extractor fan
  • Space for washing machine
  • Lino Flooring


Lounge/Dining Area – Approx 23.0m²

  • Open plan to Kitchen
  • Space for 3 piece furniture suite & entertainment centre
  • Space for dining table and chairs
  • High ceilings and large window allowing plenty of natural light into the room
  • Oak wooden flooring



Other Features

  • Installation of a new combi boiler, addition of built-in oak wooden wardrobe in one of the bedrooms and upgrading to solid wooden flooring
  • Remaining lease term of approx. 82-years
  • Parking permit available on application at a fee of £30 per annum


*** Note: Cash for improvements in the sum of £1,000.00 is payable in addition to the 50% share of £120,000***


Energy Efficiency Rating – C

Environmental Rating – D


  • The property is conveniently located less than half a mile from the Oracle in Reading town centre (approx. 5min walk) with access to over 80 stylish stores to explore including House of Fraser and a choice of stylish restaurant, bars and cafes plus a 11-screen Vue cinema showing the latest movies
  • Two schools situated within an approx. 0.3miles radius – Katesgrove primary school and Kendrick school – and less than approx. 2miles from Reading university
  • Reading station is the nearest railway station to the property (approx. 0.5milesaway) with transport links to London Paddington, Basingstoke, London Waterloo, Southampton Central and Manchester Piccadily to name a few
  • Nearest motorway links is approx. 2.2miles away with access to M4


  • Household income of at least £40,374
  • Minimum deposit of at least £12,000
  • Priority will be given to those who live or work in the Reading local authority area.




The scheme allows you to purchase the specified share of the property price, and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date.


Property available from: Friday, 8 February, 2019

Full market property value
Initial share in the property
50 %
Value of Share Purchased
Likely required deposit
Total unsold equity
Monthly Costs
Monthly Service Charge

Open Day

23 February 2019 @ 11am - 3pm


Saturday 23 February 2019 11am – 3pm

Saturday 02 March 2019 11am - 3pm  

Viewings strictly by appointment only.

For further information or to book an appointment, please contact our Resales team on:


0208 438 1809 or email


Register your interest