According to the public record, 7 Archway House, Reading is a modern leasehold apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Archway House, Gosbrook Road, Caversham, Reading, RG4.
Gosbrook Road, Caversham, Reading, RG4 is located within the RG4 postal district.
7 Archway House, Reading has 41 entries in the Land Registry database, most recently in May 2015 and a single entry in the EPC database dated September 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 7 Archway House Reading as £176,467 and the rental value as £951 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 7 Archway House Reading has decreased by £76 (0.0%) and its rental value has increased by £50 per month (5.3%).
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 7 Archway House, Reading is in very good condition we estimate a sale value of £185,291 and rental value of £998 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £164,115 and a rental value of £884 per month.
If you were able to purchase this property for the estimated value of £176,467, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £867 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, 7 Archway House, Reading was last sold on 20 May 2015 for £145,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since May 2015, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Archway House, Reading within a radius of 470 metres over the last 2 years.
The most recent example is Flat 8, Priory Court 1, Priory Avenue, Reading, RG4 7SN, a Leasehold flat which sold for £100,000 in May 2024.
Read more about house prices in RG4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gosbrook Road, Caversham, Reading, RG4 has a total of 329 addresses. According to our analysis of all the public data, 7 Archway House, Reading is the 313th largest and the 322nd most expensive property on the street.
When compared to the postcode district it is £388k less expensive than the average property in RG4.
7 Archway House, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Sep 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 7 Archway House, Reading is Reading station which is 900 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 7 Archway House, Reading, 40.6% of property is privately rented and 34.7% 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 7 Archway House, Reading, 9.4% of residents are recorded as possessing school level qualifications and 56.0% 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 7 Archway House, Reading, the average age was 36.8 and the most common age was 32.
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 7 Archway House, Reading, 1.1% 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 7 Archway House, Reading, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.