According to the public record, Palmer House, Reading is a modern leasehold apartment with 365 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Church Street, Theale, Reading, RG7 is located within the RG7 postal district.
Palmer House, Reading has a single entry in the Land Registry database from October 2011 and a single entry in the EPC database dated March 2024.
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 Palmer House Reading as £185,148 and the rental value as £911 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Palmer House Reading has increased by £1,031 (0.6%) and its rental value has increased by £55 per month (6.1%).
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 Palmer House, Reading is in very good condition we estimate a sale value of £194,405 and rental value of £956 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £172,188 and a rental value of £847 per month.
If you were able to purchase this property for the estimated value of £185,148, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £910 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, Palmer House, Reading was last sold on 14 Oct 2011 for £140,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2011, the market for similar properties has risen 47.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Palmer House, Reading within a radius of 1.8 kilometres over the last 2 years.
The most recent example is Flat 4, Warwick House, Church Street, Reading, RG7 5BX, a Leasehold flat which sold for £167,000 in Dec 2022.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Church Street, Theale, Reading, RG7 has a total of 96 addresses. According to our analysis of all the public data, Palmer House, Reading is the 94th largest and the 90th most expensive property on the street.
When compared to the postcode district it is £339k less expensive than the average property in RG7.
Palmer House, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Mar 2024.
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 Palmer House, Reading is Theale 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 Palmer House, Reading, 48.4% of property is privately owned with a mortgage and 22.3% 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 Palmer House, Reading, 19.7% of residents are recorded as possessing school level qualifications and 36.0% 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 Palmer House, Reading, the average age was 41.2 and the most common age was 52.
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 Palmer House, Reading, 0.0% 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 Palmer House, Reading, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.