According to the public record, Flat 2, 345, London Road, Reading is a modern Leasehold apartment with 279 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 345, London Road, Reading, RG1.
London Road, Reading, RG1 is located within the RG1 postal district.
Flat 2, 345, London Road, Reading has a single entry in the Land Registry database from November 2015 and a single entry in the EPC database dated October 2016.
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 2 345 London Road Reading as £265,474 and the rental value as £1,212 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 2 345 London Road Reading has increased by £744 (0.3%) and its rental value has increased by £72 per month (5.9%).
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 2, 345, London Road, Reading is in very good condition we estimate a sale value of £278,748 and rental value of £1,272 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £246,891 and a rental value of £1,127 per month.
If you were able to purchase this property for the estimated value of £265,474, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,305 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 2, 345, London Road, Reading was last sold on 06 Nov 2015 for £295,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2015, the market for similar properties has dropped 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 520 metres radius of Flat 2, 345, London Road, Reading over the last 2 years.
The most recent example is 2, Manchester Road, Reading, RG1 3QW, a Freehold house which sold for £345,000 in Oct 2021.
Read more about house prices in RG1.
London Road, Reading, RG1 has a total of 512 addresses. According to our analysis of all the public data, Flat 2, 345, London Road, Reading is the 468th largest and the 197th most expensive property on the street.
When compared to the postcode district it is £31k less expensive than the average property in RG1.
Flat 2, 345, London Road, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Oct 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using an electric boiler and radiators.
The closest station to Flat 2, 345, London Road, Reading is Reading station which is 2.1 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 2, 345, London Road, Reading, 64.9% of property is privately rented and 18.4% 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 Flat 2, 345, London Road, Reading, 44.5% of residents are recorded as possessing school level qualifications and 25.6% 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 2, 345, London Road, 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 2, 345, London Road, Reading, 0.2% 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 2, 345, London Road, Reading, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.