According to the public record, Flat 2, Greengates, Reading is a modern leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Greengates, Lundy Lane, Reading, RG30.
Lundy Lane, Reading, RG30 is located within the RG30 postal district.
Flat 2, Greengates, Reading has 41 entries in the Land Registry database, most recently in April 2012 and a single entry in the EPC database dated March 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 reasonable condition, we estimate the current sale value for Flat 2 Greengates Reading as £228,404 and the rental value as £1,180 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 2 Greengates Reading has increased by £1,591 (0.7%) and its rental value has increased by £77 per month (6.5%).
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, Greengates, Reading is in very good condition we estimate a sale value of £239,824 and rental value of £1,239 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £212,416 and a rental value of £1,097 per month.
If you were able to purchase this property for the estimated value of £228,404, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,123 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, Greengates, Reading was last sold on 10 Apr 2012 for £154,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2012, the market for similar properties has risen 50.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Greengates, Reading within a radius of 450 metres over the last 2 years.
The most recent example is Flat 4, Greengates, Lundy Lane, Reading, RG30 2RX, a Leasehold flat which sold for £230,000 in Aug 2023.
Read more about house prices in RG30.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lundy Lane, Reading, RG30 has a total of 34 addresses. According to our analysis of all the public data, Flat 2, Greengates, Reading is the 6th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £92k less expensive than the average property in RG30.
Flat 2, Greengates, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 2, Greengates, Reading is Reading West station which is 1.0 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, Greengates, Reading, 39.3% of property is privately rented and 36.7% 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, Greengates, Reading, 20.5% of residents are recorded as possessing school level qualifications and 39.8% 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, Greengates, Reading, the average age was 36.7 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 2, Greengates, 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, Greengates, 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.