According to the public record, Flat 1, Caversham Place, Reading is a modern leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Caversham Place, Richfield Avenue, Reading, RG1.
Richfield Avenue, Reading, RG1 is located within the RG1 postal district.
Flat 1, Caversham Place, Reading has 2 entries in the Land Registry database, most recently in February 2020 and a single entry in the EPC database dated March 2017.
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 Caversham Place Reading as £251,469 and the rental value as £1,447 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 1 Caversham Place Reading has decreased by £4,107 (1.6%) and its rental value has increased by £58 per month (4.0%).
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, Caversham Place, Reading is in very good condition we estimate a sale value of £264,042 and rental value of £1,520 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £233,866 and a rental value of £1,346 per month.
If you were able to purchase this property for the estimated value of £251,469, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,236 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, Caversham Place, Reading was last sold on 28 Feb 2020 for £234,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2020, the market for similar properties has dropped 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Caversham Place, Reading within a radius of 590 metres over the last 2 years.
The most recent example is Flat 19, Caversham Place, Richfield Avenue, Reading, RG1 8BY, a Leasehold flat which sold for £224,500 in Jan 2024.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richfield Avenue, Reading, RG1 has a total of 56 addresses. According to our analysis of all the public data, Flat 1, Caversham Place, Reading is the 19th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £45k less expensive than the average property in RG1.
Flat 1, Caversham Place, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Mar 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 1, Caversham Place, Reading is Reading station which is 800 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, Caversham Place, Reading, 53.6% of property is privately rented and 21.2% 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, Caversham Place, Reading, 15.1% of residents are recorded as possessing school level qualifications and 57.4% 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, Caversham Place, Reading, the average age was 34 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 Flat 1, Caversham Place, 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 Flat 1, Caversham Place, Reading, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.