According to the public record, 64, Lower Elmstone Drive, Reading is a mid-century leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lower Elmstone Drive, Tilehurst, Reading, RG31 is located within the RG31 postal district.
64, Lower Elmstone Drive, Reading has 41 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated November 2019.
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 64 Lower Elmstone Drive Reading as £206,294 and the rental value as £1,108 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 64 Lower Elmstone Drive Reading has decreased by £797 (0.4%) and its rental value has increased by £65 per month (5.9%).
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 64, Lower Elmstone Drive, Reading is in very good condition we estimate a sale value of £216,608 and rental value of £1,164 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £191,853 and a rental value of £1,031 per month.
If you were able to purchase this property for the estimated value of £206,294, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,014 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, 64, Lower Elmstone Drive, Reading was last sold on 25 May 2022 for £235,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since May 2022, the market for similar properties has dropped 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 64, Lower Elmstone Drive, Reading within a radius of 550 metres over the last 2 years.
The most recent example is 7, Hambleberry Court, Reading, RG31 5HD, a Leasehold flat which sold for £188,000 in Feb 2023.
Read more about house prices in RG31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lower Elmstone Drive, Tilehurst, Reading, RG31 has a total of 81 addresses. According to our analysis of all the public data, 64, Lower Elmstone Drive, Reading is the 81st largest and the 79th most expensive property on the street.
When compared to the postcode district it is £225k less expensive than the average property in RG31.
64, Lower Elmstone Drive, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Nov 2019.
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 64, Lower Elmstone Drive, Reading is Tilehurst station which is 1.8 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 64, Lower Elmstone Drive, Reading, 35.3% of property is privately rented and 32.4% is privately owned outright.
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 64, Lower Elmstone Drive, Reading, 24.0% of residents are recorded as possessing school level qualifications and 31.0% 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 64, Lower Elmstone Drive, Reading, the average age was 41.7 and the most common age was 52.
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 64, Lower Elmstone Drive, 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 64, Lower Elmstone Drive, Reading, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.