According to the public record, Flat 202, Kings Reach Court, Reading is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Kings Reach Court, Crane Wharf, Reading, RG1.
Crane Wharf, Reading, RG1 is located within the RG1 postal district.
Flat 202, Kings Reach Court, Reading has 2 entries in the Land Registry database, most recently in March 2016 and a single entry in the EPC database dated December 2015.
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 202 Kings Reach Court Reading as £242,759 and the rental value as £1,288 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 202 Kings Reach Court Reading has decreased by £3,758 (1.5%) and its rental value has increased by £54 per month (4.2%).
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 202, Kings Reach Court, Reading is in very good condition we estimate a sale value of £254,897 and rental value of £1,353 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £225,766 and a rental value of £1,198 per month.
If you were able to purchase this property for the estimated value of £242,759, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,193 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 202, Kings Reach Court, Reading was last sold on 11 Mar 2016 for £260,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2016, the market for similar properties has dropped 11.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 202, Kings Reach Court, Reading within a radius of 380 metres over the last 2 years.
The most recent example is 7 Osprey Court, Sidmouth Street, Reading, RG1 4QZ, a Leasehold flat which sold for £230,000 in Nov 2023.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Crane Wharf, Reading, RG1 has a total of 44 addresses. According to our analysis of all the public data, Flat 202, Kings Reach Court, Reading is the 31st largest and the 36th most expensive property on the street.
When compared to the postcode district it is £53k less expensive than the average property in RG1.
Flat 202, Kings Reach Court, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Dec 2015.
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 202, Kings Reach Court, Reading is Reading station which is 500 metres 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 202, Kings Reach Court, Reading, 64.8% of property is privately rented and 13.0% is socially rented.
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 202, Kings Reach Court, Reading, 15.0% of residents are recorded as possessing school level qualifications and 74.1% 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 202, Kings Reach Court, 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 202, Kings Reach Court, Reading, 1.5% 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 202, Kings Reach Court, Reading, there are an average of 0.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.