According to the public record, Flat 3, 9, Russell Street, Reading is a period leasehold apartment with 376 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 9, Russell Street, Reading, RG1.
Russell Street, Reading, RG1 is located within the RG1 postal district.
Flat 3, 9, Russell Street, Reading has 21 entries in the Land Registry database, most recently in June 2014 and a single entry in the EPC database dated November 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 9 Russell Street Reading as £165,428 and the rental value as £999 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 3 9 Russell Street Reading has increased by £503 (0.3%) and its rental value has increased by £61 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, 9, Russell Street, Reading is in very good condition we estimate a sale value of £173,700 and rental value of £1,049 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £153,848 and a rental value of £929 per month.
If you were able to purchase this property for the estimated value of £165,428, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £813 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, 9, Russell Street, Reading was last sold on 27 Jun 2014 for £122,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2014, the market for similar properties has risen 16.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 9, Russell Street, Reading within a radius of 300 metres over the last 2 years.
The most recent example is Flat 2, 9, Russell Street, Reading, RG1 7XD, a Leasehold flat which sold for £151,000 in Apr 2024.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Russell Street, Reading, RG1 has a total of 218 addresses. According to our analysis of all the public data, Flat 3, 9, Russell Street, Reading is the 183rd largest and the 172nd most expensive property on the street.
When compared to the postcode district it is £131k less expensive than the average property in RG1.
Flat 3, 9, Russell Street, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Nov 2020.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 3, 9, Russell Street, Reading is Reading West station which is 600 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, 9, Russell Street, Reading, 86.5% of property is privately rented and 6.1% 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, 9, Russell Street, Reading, 10.8% of residents are recorded as possessing school level qualifications and 40.3% 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 3, 9, Russell 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, 9, Russell 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, 9, Russell Street, Reading, there are an average of 0.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.