According to the public record, Flat 2, Balmore Park House, Reading is a period leasehold apartment with 1,291 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Balmore Park House, Newlands Avenue, Caversham, Reading, RG4.
Newlands Avenue, Caversham, Reading, RG4 is located within the RG4 postal district.
Flat 2, Balmore Park House, Reading has 41 entries in the Land Registry database, most recently in October 2020 and a single entry in the EPC database dated June 2020.
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 Balmore Park House Reading as £394,992 and the rental value as £1,733 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 2 Balmore Park House Reading has decreased by £1,886 (0.5%) and its rental value has increased by £82 per month (4.7%).
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, Balmore Park House, Reading is in very good condition we estimate a sale value of £414,742 and rental value of £1,819 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £367,343 and a rental value of £1,611 per month.
If you were able to purchase this property for the estimated value of £394,992, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,941 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, Balmore Park House, Reading was last sold on 16 Oct 2020 for £407,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Oct 2020, the market for similar properties has risen 4.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Balmore Park House, Reading within a radius of 590 metres over the last 2 years.
The most recent example is Flat 11, Greycoat Court, Derby Road, Reading, RG4 5ET, a Leasehold flat which sold for £435,000 in Nov 2023.
Read more about house prices in RG4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newlands Avenue, Caversham, Reading, RG4 has a total of 31 addresses. According to our analysis of all the public data, Flat 2, Balmore Park House, Reading is the 8th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £170k less expensive than the average property in RG4.
Flat 2, Balmore Park House, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Jun 2020.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 2, Balmore Park House, Reading is Reading station which is 1.5 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, Balmore Park House, Reading, 43.8% of property is privately owned outright and 35.9% 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 2, Balmore Park House, Reading, 42.4% of residents are recorded as possessing school level qualifications and 57.1% 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, Balmore Park House, Reading, the average age was 41 and the most common age was 42.
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, Balmore Park House, Reading, 0.5% 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, Balmore Park House, Reading, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.