According to the public record, Flat 6, Nelson Mews, Reading is a modern leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Nelson Mews, St. Giles Close, Reading, RG1.
St. Giles Close, Reading, RG1 is located within the RG1 postal district.
Flat 6, Nelson Mews, Reading has 2 entries in the Land Registry database, most recently in July 2023 and a single entry in the EPC database dated October 2019.
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 Nelson Mews Reading as £205,386 and the rental value as £1,175 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 6 Nelson Mews Reading has increased by £692 (0.3%) and its rental value has increased by £72 per month (6.2%).
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 6, Nelson Mews, Reading is in very good condition we estimate a sale value of £215,655 and rental value of £1,234 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £191,009 and a rental value of £1,093 per month.
If you were able to purchase this property for the estimated value of £205,386, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,009 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, Nelson Mews, Reading was last sold on 21 Jul 2023 for £188,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2023, the market for similar properties has risen 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, Nelson Mews, Reading within a radius of 310 metres over the last 2 years.
The most recent example is Flat 2, Home Court 96, London Street, Reading, RG1 4AF, a Leasehold flat which sold for £210,000 in Feb 2024.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Giles Close, Reading, RG1 has a total of 66 addresses. According to our analysis of all the public data, Flat 6, Nelson Mews, Reading is the 45th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £91k less expensive than the average property in RG1.
Flat 6, Nelson Mews, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Oct 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 6, Nelson Mews, Reading is Reading station which is 900 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 6, Nelson Mews, Reading, 63.9% of property is privately rented and 15.3% 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 6, Nelson Mews, Reading, 23.7% of residents are recorded as possessing school level qualifications and 62.2% 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, Nelson Mews, 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 6, Nelson Mews, Reading, 0.4% 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, Nelson Mews, Reading, there are an average of 0.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.