According to the public record, Flat 3, 7, Erleigh Road, Reading is a mid-century leasehold apartment with 742 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 7, Erleigh Road, Reading, RG1.
Erleigh Road, Reading, RG1 is located within the RG1 postal district.
Flat 3, 7, Erleigh Road, Reading has 41 entries in the Land Registry database, most recently in March 2023 and a single entry in the EPC database dated October 2020.
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 7 Erleigh Road Reading as £259,042 and the rental value as £1,391 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 3 7 Erleigh Road Reading has increased by £838 (0.3%) and its rental value has increased by £85 per month (6.1%).
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, 7, Erleigh Road, Reading is in very good condition we estimate a sale value of £271,994 and rental value of £1,460 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £240,909 and a rental value of £1,293 per month.
If you were able to purchase this property for the estimated value of £259,042, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,273 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, 7, Erleigh Road, Reading was last sold on 01 Mar 2023 for £275,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2023, the market for similar properties has dropped 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 7, Erleigh Road, Reading within a radius of 430 metres over the last 2 years.
The most recent example is Flat 21, Shelley Court 46, London Road, Reading, RG1 5DG, a Leasehold flat which sold for £221,500 in Dec 2023.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Erleigh Road, Reading, RG1 has a total of 207 addresses. According to our analysis of all the public data, Flat 3, 7, Erleigh Road, Reading is the 95th largest and the 93rd most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in RG1.
Flat 3, 7, Erleigh Road, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Oct 2020.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 3, 7, Erleigh Road, Reading is Reading station which is 1.4 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 3, 7, Erleigh Road, Reading, 50.4% of property is privately rented and 20.7% 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, 7, Erleigh Road, Reading, 25.5% of residents are recorded as possessing school level qualifications and 51.9% 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, 7, Erleigh Road, Reading, the average age was 33.9 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, 7, Erleigh Road, Reading, 2.6% 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 3, 7, Erleigh Road, Reading, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.