According to the public record, 27, Lorne Street, Reading is a period leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 27, Lorne Street, Reading, RG1.
Lorne Street, Reading, RG1 is located within the RG1 postal district.
27, Lorne Street, Reading has 21 entries in the Land Registry database, most recently in October 2014 and a single entry in the EPC database dated September 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 27 Lorne Street Reading as £174,233 and the rental value as £1,051 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 27 Lorne Street Reading has increased by £525 (0.3%) and its rental value has increased by £64 per month (6.1%).
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 27, Lorne Street, Reading is in very good condition we estimate a sale value of £182,944 and rental value of £1,103 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £162,036 and a rental value of £977 per month.
If you were able to purchase this property for the estimated value of £174,233, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £856 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, 27, Lorne Street, Reading was last sold on 29 Oct 2014 for £148,313 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2014, the market for similar properties has risen 15.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 27, Lorne Street, Reading within a radius of 350 metres over the last 2 years.
The most recent example is 9 Tetbury Court, Prospect Street, Reading, RG1 7TR, a Leasehold flat which sold for £185,000 in Mar 2024.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lorne Street, Reading, RG1 has a total of 87 addresses. According to our analysis of all the public data, 27, Lorne Street, Reading is the 51st largest and the 67th most expensive property on the street.
When compared to the postcode district it is £122k less expensive than the average property in RG1.
27, Lorne Street, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Sep 2018.
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 27, Lorne Street, Reading is Reading West station which is 200 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 27, Lorne Street, Reading, 66.0% of property is privately rented and 16.0% 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 27, Lorne Street, Reading, 16.7% of residents are recorded as possessing school level qualifications and 42.7% 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 27, Lorne Street, Reading, the average age was 34 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 27, Lorne Street, 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 27, Lorne Street, Reading, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.