According to the public record, Flat 1, 7, George Street, Reading is a modern leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 7, George Street, Reading, RG1.
George Street, Reading, RG1 is located within the RG1 postal district.
Flat 1, 7, George Street, Reading has a single entry in the Land Registry database from February 2023 and a single entry in the EPC database dated October 2018.
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 7 George Street Reading as £183,606 and the rental value as £1,143 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of Flat 1 7 George Street Reading has increased by £596 (0.3%) and its rental value has increased by £70 per month (6.1%).
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, 7, George Street, Reading is in very good condition we estimate a sale value of £192,787 and rental value of £1,200 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £170,754 and a rental value of £1,063 per month.
If you were able to purchase this property for the estimated value of £183,606, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £902 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, 7, George Street, Reading was last sold on 10 Feb 2023 for £195,000 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 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 7, George Street, Reading within a radius of 330 metres over the last 2 years.
The most recent example is Flat 1, 9, Russell Street, Reading, RG1 7XD, a Leasehold flat which sold for £220,000 in Oct 2022.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
George Street, Reading, RG1 has a total of 136 addresses. According to our analysis of all the public data, Flat 1, 7, George Street, Reading is the 87th largest and the 84th most expensive property on the street.
When compared to the postcode district it is £113k less expensive than the average property in RG1.
Flat 1, 7, George Street, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Oct 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, 7, George Street, Reading is Reading West station which is 400 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 Flat 1, 7, George Street, Reading, 66.9% of property is privately rented and 17.6% 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, 7, George Street, Reading, 14.7% of residents are recorded as possessing school level qualifications and 34.5% 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, 7, George Street, 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 Flat 1, 7, George Street, 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 Flat 1, 7, George Street, Reading, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.