According to the public record, 2 Forsete Place, Reading is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Forsete Place, Cardigan Road, Reading, RG1.
Cardigan Road, Reading, RG1 is located within the RG1 postal district.
2 Forsete Place, Reading has 21 entries in the Land Registry database, most recently in January 2014 and a single entry in the EPC database dated December 2019.
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 Forsete Place Reading as £231,817 and the rental value as £1,327 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 2 Forsete Place Reading has increased by £721 (0.3%) and its rental value has increased by £80 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 Forsete Place, Reading is in very good condition we estimate a sale value of £243,407 and rental value of £1,393 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £215,589 and a rental value of £1,234 per month.
If you were able to purchase this property for the estimated value of £231,817, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,139 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 Forsete Place, Reading was last sold on 21 Jan 2014 for £172,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2014, the market for similar properties has risen 24.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Forsete Place, Reading within a radius of 390 metres over the last 2 years.
The most recent example is 25 Farringdon Court, Erleigh Road, Reading, RG1 5NT, a Leasehold flat which sold for £267,500 in Feb 2024.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cardigan Road, Reading, RG1 has a total of 105 addresses. According to our analysis of all the public data, 2 Forsete Place, Reading is the 89th largest and the 98th most expensive property on the street.
When compared to the postcode district it is £64k less expensive than the average property in RG1.
2 Forsete Place, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Dec 2019.
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 2 Forsete Place, Reading is Reading station which is 2.1 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 2 Forsete Place, Reading, 52.2% of property is privately rented and 27.4% is privately owned with a mortgage.
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 Forsete Place, Reading, 41.0% of residents are recorded as possessing school level qualifications and 45.2% 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 Forsete Place, 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 Forsete Place, 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 2 Forsete Place, Reading, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.