According to the public record, 42, Albion Terrace, Reading is a period leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Albion Terrace, Reading, RG1 is located within the RG1 postal district.
42, Albion Terrace, Reading has 41 entries in the Land Registry database, most recently in June 2023 and a single entry in the EPC database dated July 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 42 Albion Terrace Reading as £234,547 and the rental value as £1,355 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 42 Albion Terrace Reading has increased by £980 (0.4%) and its rental value has increased by £85 per month (6.2%).
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 42, Albion Terrace, Reading is in very good condition we estimate a sale value of £246,275 and rental value of £1,423 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £218,129 and a rental value of £1,260 per month.
If you were able to purchase this property for the estimated value of £234,547, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,153 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, 42, Albion Terrace, Reading was last sold on 20 Jun 2023 for £235,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jun 2023, the market for similar properties has risen 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Albion Terrace, Reading within a radius of 360 metres over the last 2 years.
The most recent example is 44, Albion Terrace, Reading, RG1 5BG, a Leasehold flat which sold for £250,000 in Sep 2023.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Albion Terrace, Reading, RG1 has a total of 60 addresses. According to our analysis of all the public data, 42, Albion Terrace, Reading is the 38th largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £62k less expensive than the average property in RG1.
42, Albion Terrace, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jul 2020.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 42, Albion Terrace, Reading is Reading station which is 1.0 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 42, Albion Terrace, Reading, 46.9% of property is privately rented and 33.6% 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 42, Albion Terrace, Reading, 7.5% of residents are recorded as possessing school level qualifications and 57.4% 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 42, Albion Terrace, 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 42, Albion Terrace, Reading, 0.4% 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 42, Albion Terrace, 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.