According to the public record, Flat 5, Colton House, Reading is a modern leasehold apartment and with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Colton House, Hornbeam Place, Arborfield Green, Reading, RG2.
Hornbeam Place, Arborfield Green, Reading, RG2 is located within the RG2 postal district.
Flat 5, Colton House, Reading has a single entry in the Land Registry database from April 2018 and a single entry in the EPC database dated April 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 5 Colton House Reading as £294,489 and the rental value as £1,425 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 5 Colton House Reading has decreased by £2,105 (0.7%) and its rental value has increased by £43 per month (3.0%).
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 5, Colton House, Reading is in very good condition we estimate a sale value of £309,214 and rental value of £1,497 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £273,875 and a rental value of £1,326 per month.
If you were able to purchase this property for the estimated value of £294,489, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,447 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 5, Colton House, Reading was last sold on 30 Apr 2018 for £300,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2018, the market for similar properties has risen 4.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Colton House, Reading within a radius of 119m over the last 2 years.
The most recent example is Flat 5, Waterman House, Oak Drive, Reading, RG2 9GT, a Leasehold flat which sold for £295,000 in Mar 2023.
Read more about house prices in RG2.
Hornbeam Place, Arborfield Green, Reading, RG2 has a total of 20 addresses. According to our analysis of all the public data, Flat 5, Colton House, Reading is the 15th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £72k less expensive than the average property in RG2.
Flat 5, Colton House, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Apr 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to Flat 5, Colton House, Reading is Wokingham station which is 4.3 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 5, Colton House, Reading, 52.5% of property is privately owned with a mortgage and 38.3% is privately 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 5, Colton House, Reading, 19.2% of residents are recorded as possessing school level qualifications and 40.6% 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 5, Colton House, Reading, the average age was 37 and the most common age was 12.
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 5, Colton House, 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 5, Colton House, Reading, there are an average of 1.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.