According to the public record, Flat 4, 246, Shinfield Road, Reading is a mid-century leasehold apartment and with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 246, Shinfield Road, Reading, RG2.
Shinfield Road, Reading, RG2 is located within the RG2 postal district.
Flat 4, 246, Shinfield Road, Reading has 3 entries in the Land Registry database, most recently in March 2022 and 2 entries in the EPC database, most recently in December 2017.
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 4 246 Shinfield Road Reading as £168,151 and the rental value as £958 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 4 246 Shinfield Road Reading has increased by £299 (0.2%) and its rental value has increased by £57 per month (5.9%).
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 4, 246, Shinfield Road, Reading is in very good condition we estimate a sale value of £176,559 and rental value of £1,006 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £156,381 and a rental value of £891 per month.
If you were able to purchase this property for the estimated value of £168,151, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £826 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 4, 246, Shinfield Road, Reading was last sold on 04 Mar 2022 for £169,950 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2022, the market for similar properties has dropped 0.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 246, Shinfield Road, Reading within a radius of 66m over the last 2 years.
The most recent example is 8 Downham Court, Shinfield Road, Reading, RG2 8HP, a Leasehold flat which sold for £175,000 in Jan 2024.
Read more about house prices in RG2.
Shinfield Road, Reading, RG2 has a total of 253 addresses. According to our analysis of all the public data, Flat 4, 246, Shinfield Road, Reading is the 239th largest and the 233rd most expensive property on the street.
When compared to the postcode district it is £199k less expensive than the average property in RG2.
Flat 4, 246, Shinfield Road, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Dec 2017.
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 4, 246, Shinfield Road, Reading is Earley station which is 2.5 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 4, 246, Shinfield Road, Reading, 40.9% of property is socially rented and 26.8% 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 4, 246, Shinfield Road, Reading, 24.0% of residents are recorded as possessing school level qualifications and 30.1% 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 4, 246, Shinfield Road, Reading, the average age was 32.4 and the most common age was 17.
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 4, 246, Shinfield Road, 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 4, 246, Shinfield Road, 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.