According to the public record, Flat 1, 54, London Road, Reading is a period leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 54, London Road, Reading, RG1.
London Road, Reading, RG1 is located within the RG1 postal district.
Flat 1, 54, London Road, Reading has 31 entries in the Land Registry database, most recently in June 2014 and a single entry in the EPC database dated September 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 Flat 1 54 London Road Reading as £197,091 and the rental value as £1,199 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Flat 1 54 London Road Reading has increased by £839 (0.4%) and its rental value has increased by £75 per month (6.2%).
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 Flat 1, 54, London Road, Reading is in very good condition we estimate a sale value of £206,946 and rental value of £1,259 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £183,295 and a rental value of £1,115 per month.
If you were able to purchase this property for the estimated value of £197,091, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £969 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, Flat 1, 54, London Road, Reading was last sold on 10 Jun 2014 for £179,950 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2014, the market for similar properties has risen 17.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 54, London Road, Reading within a radius of 410 metres over the last 2 years.
The most recent example is Flat 5, Edward Place 240, Kings Road, Reading, RG1 4NY, a Leasehold flat which sold for £210,699 in Aug 2023.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Reading, RG1 has a total of 512 addresses. According to our analysis of all the public data, Flat 1, 54, London Road, Reading is the 288th largest and the 300th most expensive property on the street.
When compared to the postcode district it is £99k less expensive than the average property in RG1.
Flat 1, 54, London Road, Reading has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 Sep 2021.
The property is not connected to mains gas and has single glazed windows. It is heated using a community scheme.
The closest station to Flat 1, 54, London Road, Reading is Reading station which is 1.3 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 Flat 1, 54, London Road, Reading, 63.8% of property is privately rented and 22.4% 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 Flat 1, 54, London Road, Reading, 18.1% of residents are recorded as possessing school level qualifications and 70.2% 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 Flat 1, 54, London Road, Reading, the average age was 33.9 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 Flat 1, 54, London Road, Reading, 3.4% 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 Flat 1, 54, London Road, 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.