According to the public record, 1 Parkside Flats, Reading is a modern apartment with 723 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Parkside Flats, Basingstoke Road, Spencers Wood, Reading, RG7.
Basingstoke Road, Spencers Wood, Reading, RG7 is located within the RG7 postal district.
1 Parkside Flats, Reading has no recent1 records in the Land Registry database and a single entry in the EPC database dated December 2008.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Parkside Flats Reading as £234,940 and the rental value as £1,130 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 1 Parkside Flats Reading has decreased by £439 (0.2%) and its rental value has increased by £63 per month (5.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1 Parkside Flats, Reading is in very good condition we estimate a sale value of £246,687 and rental value of £1,187 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £218,494 and a rental value of £1,051 per month.
If you were able to purchase this property for the estimated value of £234,940, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,155 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1 Parkside Flats, Reading was last sold on 18 Dec 2002 for £133,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Parkside Flats, Reading within a radius of 890 metres over the last 2 years.
The most recent example is 4 The Old Chapel, Chapel Lane, Reading, RG7 1PA, a Leasehold flat which sold for £282,500 in Jun 2023.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Basingstoke Road, Spencers Wood, Reading, RG7 has a total of 151 addresses. According to our analysis of all the public data, 1 Parkside Flats, Reading is the 133rd largest and the 143rd most expensive property on the street.
When compared to the postcode district it is £290k less expensive than the average property in RG7.
1 Parkside Flats, Reading has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Dec 2008.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1 Parkside Flats, Reading is Reading Green Park station which is 3.9 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1 Parkside Flats, Reading, 47.2% of property is privately owned with a mortgage and 37.0% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1 Parkside Flats, Reading, 18.4% of residents are recorded as possessing school level qualifications and 41.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1 Parkside Flats, Reading, the average age was 37.6 and the most common age was 32.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1 Parkside Flats, Reading, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1 Parkside Flats, Reading, there are an average of 1.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.