According to the public record, 45 Riverside House, Reading is a modern leasehold apartment with 1,445 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Riverside House, Fobney Street, Reading, RG1.
Fobney Street, Reading, RG1 is located within the RG1 postal district.
45 Riverside House, Reading has 21 entries in the Land Registry database, most recently in October 2021 and a single entry in the EPC database dated July 2011.
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 45 Riverside House Reading as £489,235 and the rental value as £2,207 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 45 Riverside House Reading has decreased by £7,977 (1.6%) and its rental value has increased by £90 per month (4.1%).
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 45 Riverside House, Reading is in very good condition we estimate a sale value of £513,697 and rental value of £2,318 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £454,988 and a rental value of £2,053 per month.
If you were able to purchase this property for the estimated value of £489,235, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,404 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, 45 Riverside House, Reading was last sold on 19 Oct 2021 for £615,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2021, the market for similar properties has dropped 3.9%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 45 Riverside House, Reading within a radius of 420 metres over the last 2 years.
The most recent example is Flat 1, Simmonds Malthouse, Fobney Street, Reading, RG1 6BS, a Leasehold flat which sold for £390,000 in Jul 2012.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fobney Street, Reading, RG1 has a total of 147 addresses. According to our analysis of all the public data, 45 Riverside House, Reading is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £193k more expensive than the average property in RG1.
45 Riverside House, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Jul 2011.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 45 Riverside House, Reading is Reading station which is 700 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 45 Riverside House, Reading, 79.1% of property is privately rented and 10.5% 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 45 Riverside House, Reading, 30.4% of residents are recorded as possessing school level qualifications and 65.0% 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 45 Riverside House, 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 45 Riverside House, Reading, 2.1% 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 45 Riverside House, 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.