According to the public record, Flat 3, 57, Castle Street, Reading is a modern leasehold apartment with 322 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 57, Castle Street, Reading, RG1.
Castle Street, Reading, RG1 is located within the RG1 postal district.
Flat 3, 57, Castle Street, Reading has a single entry in the Land Registry database from November 2016 and a single entry in the EPC database dated August 2016.
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 3 57 Castle Street Reading as £167,477 and the rental value as £949 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 3 57 Castle Street Reading has increased by £559 (0.3%) and its rental value has increased by £58 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 3, 57, Castle Street, Reading is in very good condition we estimate a sale value of £175,851 and rental value of £996 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £155,754 and a rental value of £883 per month.
If you were able to purchase this property for the estimated value of £167,477, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £823 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 3, 57, Castle Street, Reading was last sold on 16 Nov 2016 for £195,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2016, the market for similar properties has dropped 12.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 57, Castle Street, Reading within a radius of 390 metres over the last 2 years.
The most recent example is Flat 5, 57, Castle Street, Reading, RG1 7SN, a Leasehold flat which sold for £196,500 in Dec 2016.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Castle Street, Reading, RG1 has a total of 122 addresses. According to our analysis of all the public data, Flat 3, 57, Castle Street, Reading is the 91st largest and the 114th most expensive property on the street.
When compared to the postcode district it is £129k less expensive than the average property in RG1.
Flat 3, 57, Castle Street, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Aug 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 3, 57, Castle Street, Reading is Reading station which is 700 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 3, 57, Castle Street, Reading, 64.4% of property is privately rented and 16.1% 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 3, 57, Castle Street, Reading, 11.1% of residents are recorded as possessing school level qualifications and 61.7% 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 3, 57, Castle Street, 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 3, 57, Castle Street, Reading, 0.0% 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 3, 57, Castle Street, Reading, there are an average of 0.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.