According to the public record, 2, Brightwell House 40, Reading is a modern leasehold apartment with 925 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Brightwell House, Queens Road, Reading, RG1.
Queens Road, Reading, RG1 is located within the RG1 postal district.
2, Brightwell House 40, Reading has a single entry in the Land Registry database from December 2019 and a single entry in the EPC database dated February 2018.
We combine this information with that 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 2 Brightwell House 40 Reading as £324,318 and the rental value as £1,646 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 2 Brightwell House 40 Reading has increased by £522 (0.2%) and its rental value has increased by £98 per month (6.0%).
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 2, Brightwell House 40, Reading is in very good condition we estimate a sale value of £340,534 and rental value of £1,728 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £301,616 and a rental value of £1,530 per month.
If you were able to purchase this property for the estimated value of £324,318, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,594 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, 2, Brightwell House 40, Reading was last sold on 19 Dec 2019 for £330,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2019, the market for similar properties has dropped 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Brightwell House 40, Reading within a radius of 310 metres over the last 2 years.
The most recent example is 10 Compass House, South Street, Reading, RG1 4GP, a Leasehold flat which sold for £348,000 in Feb 2023.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Queens Road, Reading, RG1 has a total of 307 addresses. According to our analysis of all the public data, 2, Brightwell House 40, Reading is the 55th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £28k more expensive than the average property in RG1.
2, Brightwell House 40, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Feb 2018.
The property is not connected to mains gas and has multiple glazing throughout. It is heated using electric storage heaters.
The closest station to 2, Brightwell House 40, Reading is Reading station which is 700 metres 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 2, Brightwell House 40, Reading, 63.9% of property is privately rented and 15.3% is socially rented.
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 2, Brightwell House 40, Reading, 23.7% of residents are recorded as possessing school level qualifications and 62.2% 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 2, Brightwell House 40, Reading, the average age was 33.3 and the most common age was 22.
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 2, Brightwell House 40, Reading, 0.4% 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 2, Brightwell House 40, Reading, there are an average of 0.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.