According to the public record, 21 The Meridian, Reading is a modern leasehold apartment with 766 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in The Meridian, Kenavon Drive, Reading, RG1.
Kenavon Drive, Reading, RG1 is located within the RG1 postal district.
21 The Meridian, Reading has 41 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated March 2012.
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 21 The Meridian Reading as £283,404 and the rental value as £1,494 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 21 The Meridian Reading has decreased by £4,281 (1.5%) and its rental value has increased by £63 per month (4.2%).
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 21 The Meridian, Reading is in very good condition we estimate a sale value of £297,574 and rental value of £1,568 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £263,565 and a rental value of £1,389 per month.
If you were able to purchase this property for the estimated value of £283,404, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,393 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, 21 The Meridian, Reading was last sold on 20 May 2022 for £277,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since May 2022, the market for similar properties has dropped 4.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 21 The Meridian, Reading within a radius of 330 metres over the last 2 years.
The most recent example is 92 The Meridian, Kenavon Drive, Reading, RG1 3DP, a Leasehold flat which sold for £267,000 in Feb 2024.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kenavon Drive, Reading, RG1 has a total of 290 addresses. According to our analysis of all the public data, 21 The Meridian, Reading is the 97th largest and the 151st most expensive property on the street.
When compared to the postcode district it is £13k less expensive than the average property in RG1.
21 The Meridian, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Mar 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to 21 The Meridian, Reading is Reading station which is 900 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 21 The Meridian, Reading, 59.5% of property is privately rented and 28.0% 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 21 The Meridian, Reading, 15.7% of residents are recorded as possessing school level qualifications and 79.5% 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 21 The Meridian, 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 21 The Meridian, Reading, 0.8% 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 21 The Meridian, Reading, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.