According to the public record, Flat 2, Fairwinds, Reading is a modern leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Fairwinds, Tower Gardens, Mortimer Common, Reading, RG7.
Tower Gardens, Mortimer Common, Reading, RG7 is located within the RG7 postal district.
Flat 2, Fairwinds, Reading has a single entry in the Land Registry database from August 2020 and a single entry in the EPC database dated May 2019.
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 2 Fairwinds Reading as £310,571 and the rental value as £1,175 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of Flat 2 Fairwinds Reading has increased by £1,635 (0.5%) and its rental value has increased by £73 per month (6.2%).
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, Fairwinds, Reading is in very good condition we estimate a sale value of £326,099 and rental value of £1,234 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £288,831 and a rental value of £1,093 per month.
If you were able to purchase this property for the estimated value of £310,571, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,526 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, Fairwinds, Reading was last sold on 20 Aug 2020 for £310,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2020, the market for similar properties has risen 5.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Fairwinds, Reading within a radius of 1.9 kilometres over the last 2 years.
The most recent example is Flat F, Ferndale Court 6, West End Road, Reading, RG7 3SY, a Leasehold flat which sold for £350,000 in Jun 2023.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tower Gardens, Mortimer Common, Reading, RG7 has a total of 17 addresses. According to our analysis of all the public data, Flat 2, Fairwinds, Reading is the 16th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £214k less expensive than the average property in RG7.
Flat 2, Fairwinds, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 May 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to Flat 2, Fairwinds, Reading is Mortimer station which is 1.7 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, Fairwinds, Reading, 48.2% of property is privately owned outright and 34.0% 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, Fairwinds, Reading, 22.4% of residents are recorded as possessing school level qualifications and 47.6% 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, Fairwinds, Reading, the average age was 42.7 and the most common age was 47.
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, Fairwinds, Reading, 1.3% 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 2, Fairwinds, Reading, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.