According to the public record, Flat 2, Priory Court 1, Reading is a modern leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Priory Court, Priory Avenue, Caversham, Reading, RG4.
Priory Avenue, Caversham, Reading, RG4 is located within the RG4 postal district.
Flat 2, Priory Court 1, Reading has 31 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated July 2021.
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 Priory Court 1 Reading as £160,148 and the rental value as £853 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 2 Priory Court 1 Reading has decreased by £69 (0.0%) and its rental value has increased by £45 per month (5.3%).
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 2, Priory Court 1, Reading is in very good condition we estimate a sale value of £168,156 and rental value of £895 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £148,938 and a rental value of £793 per month.
If you were able to purchase this property for the estimated value of £160,148, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £787 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, Priory Court 1, Reading was last sold on 02 Aug 2022 for £125,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2022, the market for similar properties has dropped 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Priory Court 1, Reading within a radius of 510 metres over the last 2 years.
The most recent example is Flat 8, Priory Court 1, Priory Avenue, Reading, RG4 7SN, a Leasehold flat which sold for £100,000 in May 2024.
Read more about house prices in RG4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Priory Avenue, Caversham, Reading, RG4 has a total of 71 addresses. According to our analysis of all the public data, Flat 2, Priory Court 1, Reading is the 58th largest and the 67th most expensive property on the street.
When compared to the postcode district it is £404k less expensive than the average property in RG4.
Flat 2, Priory Court 1, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jul 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 2, Priory Court 1, Reading is Reading station which is 1.1 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, Priory Court 1, Reading, 47.6% of property is privately rented and 32.2% 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, Priory Court 1, Reading, 13.5% of residents are recorded as possessing school level qualifications and 54.3% 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, Priory Court 1, Reading, the average age was 36.8 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, Priory Court 1, Reading, 1.6% 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, Priory Court 1, Reading, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.