According to the public record, 5 The Chatham, Reading is a modern leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in The Chatham, Thorn Walk, Reading, RG1.
Thorn Walk, Reading, RG1 is located within the RG1 postal district.
5 The Chatham, Reading has 51 entries in the Land Registry database, most recently in August 2023 and a single entry in the EPC database dated October 2021.
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 5 The Chatham Reading as £192,957 and the rental value as £1,189 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 5 The Chatham Reading has decreased by £2,731 (1.4%) and its rental value has increased by £51 per month (4.3%).
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 5 The Chatham, Reading is in very good condition we estimate a sale value of £202,605 and rental value of £1,249 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £179,450 and a rental value of £1,106 per month.
If you were able to purchase this property for the estimated value of £192,957, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £948 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, 5 The Chatham, Reading was last sold on 07 Aug 2023 for £205,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Aug 2023, the market for similar properties has dropped 1.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5 The Chatham, Reading within a radius of 360 metres over the last 2 years.
The most recent example is 10 The Chatham, Thorn Walk, Reading, RG1 7BJ, a Leasehold flat which sold for £200,000 in Nov 2022.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Thorn Walk, Reading, RG1 has a total of 24 addresses. According to our analysis of all the public data, 5 The Chatham, Reading is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £103k less expensive than the average property in RG1.
5 The Chatham, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Oct 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to 5 The Chatham, Reading is Reading station which is 500 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 5 The Chatham, Reading, 62.2% of property is privately rented and 20.0% 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 5 The Chatham, Reading, 16.0% of residents are recorded as possessing school level qualifications and 49.0% 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 5 The Chatham, 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 5 The Chatham, Reading, 0.5% 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 5 The Chatham, 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.