According to the public record, Flat 34, Reading House, London is a mid-century leasehold apartment with 616 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Reading House, Hallfield Estate, London, W2.
Hallfield Estate, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 34, Reading House, London has a single entry in the Land Registry database from February 2008 and a single entry in the EPC database dated December 2010.
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 34 Reading House London as £486,618 and the rental value as £2,148 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 34 Reading House London has increased by £21,810 (4.5%) and its rental value has increased by £131 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 34, Reading House, London is in very good condition we estimate a sale value of £510,949 and rental value of £2,256 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £452,555 and a rental value of £1,998 per month.
If you were able to purchase this property for the estimated value of £486,618, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,392 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 34, Reading House, London was last sold on 26 Feb 2008 for £250,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2008, the market for similar properties has risen 48.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 34, Reading House, London within a radius of 220 metres over the last 2 years.
The most recent example is Flat 11, Winchester House, Hallfield Estate, London, W2 6EA, a Leasehold flat which sold for £340,000 in Sep 2022.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hallfield Estate, London, W2 has a total of 683 addresses. According to our analysis of all the public data, Flat 34, Reading House, London is the 353rd largest and the 249th most expensive property on the street.
When compared to the postcode district it is £628k less expensive than the average property in W2.
Flat 34, Reading House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Dec 2010.
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 34, Reading House, London is Bayswater station which is 300 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 34, Reading House, London, 37.6% of property is privately rented and 36.6% 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 34, Reading House, London, 17.1% of residents are recorded as possessing school level qualifications and 44.7% 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 34, Reading House, London, the average age was 37.3 and the most common age was 27.
The graph below shows how this compares to Greater London 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 34, Reading House, London, 0.0% of property was a second home.
Comparison figures for Greater London 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 34, Reading House, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.