According to the public record, Flat 4, Vela House, Thatcham is a modern leasehold apartment with 818 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Vela House, Francis Close, Thatcham, RG18.
Francis Close, Thatcham, RG18 is located within the RG18 postal district.
Flat 4, Vela House, Thatcham has 2 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated August 2018.
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 Vela House Thatcham as £263,327 and the rental value as £1,044 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of Flat 4 Vela House Thatcham has decreased by £60 (0.0%) and its rental value has increased by £37 per month (3.5%).
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, Vela House, Thatcham is in very good condition we estimate a sale value of £276,493 and rental value of £1,097 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £244,894 and a rental value of £971 per month.
If you were able to purchase this property for the estimated value of £263,327, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,294 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, Vela House, Thatcham was last sold on 26 Aug 2022 for £260,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2022, the market for similar properties has risen 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Vela House, Thatcham within a radius of 610 metres over the last 2 years.
The most recent example is Flat 18, Perseus House, Francis Close, Thatcham, RG18 3GR, a Leasehold flat which sold for £248,500 in Mar 2019.
Read more about house prices in RG18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Francis Close, Thatcham, RG18 has a total of 45 addresses. According to our analysis of all the public data, Flat 4, Vela House, Thatcham is the 10th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £210k less expensive than the average property in RG18.
Flat 4, Vela House, Thatcham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Aug 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using elecric underfloor heating.
The closest station to Flat 4, Vela House, Thatcham is Newbury Racecourse station which is 2.3 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 4, Vela House, Thatcham, 43.6% of property is privately owned with a mortgage and 23.4% 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 4, Vela House, Thatcham, 19.3% of residents are recorded as possessing school level qualifications and 28.9% 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 4, Vela House, Thatcham, the average age was 40.7 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 4, Vela House, Thatcham, 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, Vela House, Thatcham, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.