According to the public record, Flat 8, 29, Hayes Drive, Reading is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 29, Hayes Drive, Three Mile Cross, Reading, RG7.
Hayes Drive, Three Mile Cross, Reading, RG7 is located within the RG7 postal district.
Flat 8, 29, Hayes Drive, Reading has a single entry in the Land Registry database from June 2019 and a single entry in the EPC database dated June 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 good condition, we estimate the current sale value for Flat 8 29 Hayes Drive Reading as £216,386 and the rental value as £1,100 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 8 29 Hayes Drive Reading has decreased by £42 (0.0%) and its rental value has increased by £63 per month (5.8%).
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 8, 29, Hayes Drive, Reading is in very good condition we estimate a sale value of £227,205 and rental value of £1,155 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,239 and a rental value of £1,023 per month.
If you were able to purchase this property for the estimated value of £216,386, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,063 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 8, 29, Hayes Drive, Reading was last sold on 28 Jun 2019 for £210,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2019, the market for similar properties has risen 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, 29, Hayes Drive, Reading within a radius of 1.0 kilometres over the last 2 years.
The most recent example is Flat 3, 29, Hayes Drive, Reading, RG7 1GB, a Leasehold flat which sold for £210,000 in Feb 2024.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hayes Drive, Three Mile Cross, Reading, RG7 has a total of 107 addresses. According to our analysis of all the public data, Flat 8, 29, Hayes Drive, Reading is the 97th largest and the 100th most expensive property on the street.
When compared to the postcode district it is £308k less expensive than the average property in RG7.
Flat 8, 29, Hayes Drive, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Jun 2019.
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 8, 29, Hayes Drive, Reading is Reading Green Park station which is 2.9 kilometres 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 8, 29, Hayes Drive, Reading, 43.5% of property is privately owned outright and 42.4% is privately owned with a mortgage.
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 8, 29, Hayes Drive, Reading, 20.3% of residents are recorded as possessing school level qualifications and 41.6% 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 8, 29, Hayes Drive, Reading, the average age was 37.6 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 8, 29, Hayes Drive, Reading, 1.8% 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 8, 29, Hayes Drive, Reading, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.