According to the public record, Flat 6, 27, Drake Way, Reading is a modern leasehold apartment and with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 27, Drake Way, Reading, RG2.
Drake Way, Reading, RG2 is located within the RG2 postal district.
Flat 6, 27, Drake Way, Reading has a single entry in the Land Registry database from April 2022 and 2 entries in the EPC database, most recently in December 2022.
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 6 27 Drake Way Reading as £216,811 and the rental value as £1,094 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 6 27 Drake Way Reading has decreased by £334 (0.2%) and its rental value has increased by £62 per month (5.6%).
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 6, 27, Drake Way, Reading is in very good condition we estimate a sale value of £227,652 and rental value of £1,148 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,635 and a rental value of £1,017 per month.
If you were able to purchase this property for the estimated value of £216,811, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,066 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 6, 27, Drake Way, Reading was last sold on 01 Apr 2022 for £195,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2022, the market for similar properties has dropped 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, 27, Drake Way, Reading within a radius of 63m over the last 2 years.
The most recent example is Flat 507, Skylark House, Drake Way, Reading, RG2 0PA, a Leasehold flat which sold for £210,000 in Mar 2024.
Read more about house prices in RG2.
Drake Way, Reading, RG2 has a total of 338 addresses. According to our analysis of all the public data, Flat 6, 27, Drake Way, Reading is the 232nd largest and the 166th most expensive property on the street.
When compared to the postcode district it is £150k less expensive than the average property in RG2.
Flat 6, 27, Drake Way, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Dec 2022.
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 6, 27, Drake Way, Reading is Reading Green Park station which is 1.7 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 6, 27, Drake Way, Reading, 70.1% of property is socially rented and 13.9% 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 6, 27, Drake Way, Reading, 33.4% of residents are recorded as possessing school level qualifications and 21.7% 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 6, 27, Drake Way, 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 6, 27, Drake Way, 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 6, 27, Drake Way, Reading, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.