According to the public record, Flat 36, Merrick House, Reading is a modern leasehold apartment and with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Merrick House, Whale Avenue, Reading, RG2.
Whale Avenue, Reading, RG2 is located within the RG2 postal district.
Flat 36, Merrick House, Reading has a single entry in the Land Registry database from November 2007 and 2 entries in the EPC database, most recently in January 2024.
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 36 Merrick House Reading as £250,451 and the rental value as £1,289 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 36 Merrick House Reading has decreased by £5,784 (2.3%) and its rental value has increased by £43 per month (3.3%).
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 36, Merrick House, Reading is in very good condition we estimate a sale value of £262,974 and rental value of £1,353 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £232,920 and a rental value of £1,198 per month.
If you were able to purchase this property for the estimated value of £250,451, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,231 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 36, Merrick House, Reading was last sold on 30 Nov 2007 for £226,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2007, the market for similar properties has risen 28.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 36, Merrick House, Reading within a radius of 101m over the last 2 years.
The most recent example is Flat 2, 2, Drake Way, Reading, RG2 0GR, a Leasehold flat which sold for £250,000 in Jul 2023.
Read more about house prices in RG2.
Whale Avenue, Reading, RG2 has a total of 75 addresses. According to our analysis of all the public data, Flat 36, Merrick House, Reading is the 14th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £116k less expensive than the average property in RG2.
Flat 36, Merrick House, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Jan 2024.
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 36, Merrick House, Reading is Reading Green Park station which is 1.8 km 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 36, Merrick House, Reading, 65.8% of property is privately rented and 22.2% is privately owned with a mortgage.
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 36, Merrick House, Reading, 11.3% of residents are recorded as possessing school level qualifications and 63.5% 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 36, Merrick House, Reading, the average age was 34.2 and the most common age was 32.
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 36, Merrick House, Reading, 0.8% 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 36, Merrick House, Reading, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.