According to the public record, 3 Lea House, Reading is a modern leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Lea House, Southend Road, Bradfield Southend, Reading, RG7.
Southend Road, Bradfield Southend, Reading, RG7 is located within the RG7 postal district.
3 Lea House, Reading has a single entry in the Land Registry database from July 2020 and a single entry in the EPC database dated June 2020.
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 3 Lea House Reading as £170,648 and the rental value as £975 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 3 Lea House Reading has increased by £1,002 (0.6%) and its rental value has increased by £51 per month (5.2%).
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 3 Lea House, Reading is in very good condition we estimate a sale value of £179,181 and rental value of £1,024 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,703 and a rental value of £907 per month.
If you were able to purchase this property for the estimated value of £170,648, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £839 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, 3 Lea House, Reading was last sold on 20 Jul 2020 for £95,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2020, the market for similar properties has risen 7.4%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 3 Lea House, Reading within a radius of 3.8 kilometres over the last 2 years.
The most recent example is 60, Southend Road, Reading, RG7 6EY, a Leasehold flat which sold for £160,000 in May 2021.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southend Road, Bradfield Southend, Reading, RG7 has a total of 116 addresses. According to our analysis of all the public data, 3 Lea House, Reading is the 112th largest and the 112th most expensive property on the street.
When compared to the postcode district it is £354k less expensive than the average property in RG7.
3 Lea House, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jun 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Ground source heat pump, underfloor, electric.
The closest station to 3 Lea House, Reading is Aldermaston station which is 3.3 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 3 Lea House, Reading, 39.6% of property is privately owned outright and 31.9% 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 3 Lea House, Reading, 20.0% of residents are recorded as possessing school level qualifications and 35.6% 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 3 Lea House, Reading, the average age was 42 and the most common age was 17.
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 3 Lea House, Reading, 1.1% 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 3 Lea House, Reading, there are an average of 1.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.