According to the public record, 31, Southern Hill, Reading is a modern leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Southern Hill, Reading, RG1 is located within the RG1 postal district.
31, Southern Hill, Reading has a single entry in the Land Registry database from July 2014 and a single entry in the EPC database dated November 2022.
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 31 Southern Hill Reading as £223,152 and the rental value as £1,289 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 31 Southern Hill Reading has increased by £704 (0.3%) and its rental value has increased by £78 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 31, Southern Hill, Reading is in very good condition we estimate a sale value of £234,310 and rental value of £1,354 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £207,531 and a rental value of £1,199 per month.
If you were able to purchase this property for the estimated value of £223,152, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,097 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, 31, Southern Hill, Reading was last sold on 24 Jul 2014 for £224,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2014, the market for similar properties has risen 14.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Southern Hill, Reading within a radius of 520 metres over the last 2 years.
The most recent example is 4, Southern Hill, Reading, RG1 5ES, a Leasehold flat which sold for £190,000 in Jan 2024.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southern Hill, Reading, RG1 has a total of 34 addresses. According to our analysis of all the public data, 31, Southern Hill, Reading is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £73k less expensive than the average property in RG1.
31, Southern Hill, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Nov 2022.
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 31, Southern Hill, Reading is Reading station which is 1.9 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 31, Southern Hill, Reading, 53.4% of property is privately rented and 24.7% 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 31, Southern Hill, Reading, 71.7% of residents are recorded as possessing school level qualifications and 30.4% 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 31, Southern Hill, Reading, the average age was 33.9 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 31, Southern Hill, 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 31, Southern Hill, 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.