According to the public record, Flat 7, 2, Weldale Street, Reading is a modern leasehold apartment with 387 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in 2, Weldale Street, Reading, RG1.
Weldale Street, Reading, RG1 is located within the RG1 postal district.
Flat 7, 2, Weldale Street, Reading has a single entry in the Land Registry database from February 2018 and a single entry in the EPC database dated January 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 7 2 Weldale Street Reading as £207,963 and the rental value as £1,098 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 7 2 Weldale Street Reading has decreased by £2,878 (1.4%) and its rental value has increased by £48 per month (4.3%).
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 7, 2, Weldale Street, Reading is in very good condition we estimate a sale value of £218,361 and rental value of £1,153 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £193,406 and a rental value of £1,021 per month.
If you were able to purchase this property for the estimated value of £207,963, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,022 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 7, 2, Weldale Street, Reading was last sold on 19 Feb 2018 for £222,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2018, the market for similar properties has dropped 6.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, 2, Weldale Street, Reading within a radius of 350 metres over the last 2 years.
The most recent example is 3, Tanfields, Reading, RG1 1NX, a Leasehold flat which sold for £198,000 in Mar 2022.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Weldale Street, Reading, RG1 has a total of 172 addresses. According to our analysis of all the public data, Flat 7, 2, Weldale Street, Reading is the 165th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £88k less expensive than the average property in RG1.
Flat 7, 2, Weldale Street, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Jan 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 7, 2, Weldale Street, Reading is Reading station which is 500 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 7, 2, Weldale Street, Reading, 62.2% of property is privately rented and 20.0% 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 7, 2, Weldale Street, Reading, 16.0% of residents are recorded as possessing school level qualifications and 49.0% 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 7, 2, Weldale Street, 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 7, 2, Weldale Street, Reading, 0.5% 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 7, 2, Weldale Street, 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.