According to the public record, Flat 19, 4, Palmer Street, Reading is a modern leasehold apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in 4, Palmer Street, Reading, RG1.
Palmer Street, Reading, RG1 is located within the RG1 postal district.
Flat 19, 4, Palmer Street, Reading has a single entry in the Land Registry database from February 2023 and a single entry in the EPC database dated July 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 good condition, we estimate the current sale value for Flat 19 4 Palmer Street Reading as £225,982 and the rental value as £1,020 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 19 4 Palmer Street Reading has decreased by £3,121 (1.4%) and its rental value has increased by £44 per month (4.3%).
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 Flat 19, 4, Palmer Street, Reading is in very good condition we estimate a sale value of £237,282 and rental value of £1,071 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £210,164 and a rental value of £948 per month.
If you were able to purchase this property for the estimated value of £225,982, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,111 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 19, 4, Palmer Street, Reading was last sold on 07 Feb 2023 for £255,725 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 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 19, 4, Palmer Street, Reading within a radius of 380 metres over the last 2 years.
The most recent example is Flat 38, Kennet House 80, Kings Road, Reading, RG1 3BJ, a Leasehold flat which sold for £180,000 in Feb 2024.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palmer Street, Reading, RG1 has a total of 152 addresses. According to our analysis of all the public data, Flat 19, 4, Palmer Street, Reading is the 147th largest and the 151st most expensive property on the street.
When compared to the postcode district it is £70k less expensive than the average property in RG1.
Flat 19, 4, Palmer Street, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Jul 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 19, 4, Palmer Street, Reading is Reading station which is 700 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 19, 4, Palmer Street, Reading, % of property is and % is .
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 19, 4, Palmer Street, Reading, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London 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 19, 4, Palmer Street, Reading, 0.0% of property was a second home.
Comparison figures for This region 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 19, 4, Palmer Street, Reading, there are an average of 0.0 cars per household.
See below for how this compares to This region and the rest of England & Wales.