According to the public record, 11A, Wallace Close, Reading is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 526 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 11, Wallace Close, Woodley, Reading, RG5.
Wallace Close, Woodley, Reading, RG5 is located within the RG5 postal district.
11A, Wallace Close, Reading has a single entry in the Land Registry database from February 2023 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 11A Wallace Close Reading as £217,357 and the rental value as £997 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 11A Wallace Close Reading has decreased by £158 (0.1%) and its rental value has increased by £45 per month (4.5%).
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 11A, Wallace Close, Reading is in very good condition we estimate a sale value of £228,225 and rental value of £1,047 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £202,142 and a rental value of £927 per month.
If you were able to purchase this property for the estimated value of £217,357, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,068 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, 11A, Wallace Close, Reading was last sold on 28 Feb 2023 for £168,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2023, the market for similar properties has dropped 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11A, Wallace Close, Reading within a radius of 550 metres over the last 2 years.
The most recent example is 22A, South Lake Crescent, Reading, RG5 3QW, a Leasehold flat which sold for £220,000 in Jan 2024.
Read more about house prices in RG5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wallace Close, Woodley, Reading, RG5 has a total of 66 addresses. According to our analysis of all the public data, 11A, Wallace Close, Reading is the 66th largest and the 65th most expensive property on the street.
When compared to the postcode district it is £226k less expensive than the average property in RG5.
The closest station to 11A, Wallace Close, Reading is Earley station which is 600 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 11A, Wallace Close, Reading, 41.1% of property is privately owned with a mortgage and 28.4% 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 11A, Wallace Close, Reading, 17.4% of residents are recorded as possessing school level qualifications and 41.0% 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 11A, Wallace Close, Reading, the average age was 41.1 and the most common age was 37.
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 11A, Wallace Close, Reading, 0.3% 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 11A, Wallace Close, Reading, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.