According to the public record, Flat 5, Oyster Wharf, Reading is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Oyster Wharf, Crane Wharf, Reading, RG1.
Crane Wharf, Reading, RG1 is located within the RG1 postal district.
Flat 5, Oyster Wharf, Reading has a single entry in the Land Registry database from March 2008 and a single entry in the EPC database dated November 2014.
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 Oyster Wharf Reading as £289,039 and the rental value as £1,301 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 5 Oyster Wharf Reading has decreased by £4,474 (1.5%) and its rental value has increased by £54 per month (4.2%).
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, Oyster Wharf, Reading is in very good condition we estimate a sale value of £303,491 and rental value of £1,366 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £268,806 and a rental value of £1,210 per month.
If you were able to purchase this property for the estimated value of £289,039, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,421 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, Oyster Wharf, Reading was last sold on 14 Mar 2008 for £180,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2008, the market for similar properties has risen 21.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Oyster Wharf, Reading within a radius of 370 metres over the last 2 years.
The most recent example is Flat 1202, Verto 120, Kings Road, Reading, RG1 3FS, a Leasehold flat which sold for £330,000 in Aug 2023.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Crane Wharf, Reading, RG1 has a total of 44 addresses. According to our analysis of all the public data, Flat 5, Oyster Wharf, Reading is the 30th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £7k less expensive than the average property in RG1.
Flat 5, Oyster Wharf, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Nov 2014.
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 5, Oyster Wharf, Reading is Reading station which is 600 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 5, Oyster Wharf, Reading, 64.8% of property is privately rented and 13.0% 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 5, Oyster Wharf, Reading, 15.0% of residents are recorded as possessing school level qualifications and 74.1% 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 5, Oyster Wharf, Reading, the average age was 33.3 and the most common age was 22.
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, Oyster Wharf, Reading, 1.5% 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, Oyster Wharf, Reading, there are an average of 0.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.