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40 Prospect Street is a residential building situated on Prospect Street, Reading, RG1 with 5 addresses.
It ranks as the 908th largest and 132nd most expensive of the 1,447 buildings in the RG1 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 5 properties: 5 flats.
40 Prospect Street is a residential building situated on Prospect Street, Reading, RG1 with 5 addresses.
It ranks as the 908th largest and 132nd most expensive of the 1,447 buildings in the RG1 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 5 properties: 5 flats.
Sale prices range from £135,329 for 1 bedroom leasehold flats (312 ft2) to £169,154 for 2 bedroom leasehold flats with a garden (475 ft2) .
Monthly rental prices range from £892 pcm for 1 bed flats to £1,113 pcm for 2 bed flats.
The gross rental yield is between 7.9% and 7.9%.
The average value per square foot is £399.
The last sale in 40 Prospect Street sold for £103,000 on 23rd May 2008. Since then prices are up an average of 21.4%.
The current average value in the building is £149,661.
The 40 Prospect Street Sales Market has decreased by 8.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.6% | £149,661 |
| May 2025 | -0.3% | £150,622 |
| May 2024 | -0.8% | £151,047 |
| May 2023 | -0.9% | £152,206 |
| May 2022 | 4% | £153,606 |
| May 2021 | -1.6% | £147,717 |
| May 2020 | -0.5% | £150,103 |
| May 2019 | -3.3% | £150,907 |
| May 2018 | -3.9% | £156,069 |
| May 2017 | -0.7% | £162,468 |
| May 2016 | 18.2% | £163,636 |
| May 2015 | 11.5% | £138,405 |
| May 2014 | 13.1% | £124,079 |
| May 2013 | 2.1% | £109,697 |
| May 2012 | 0.8% | £107,438 |
| May 2011 | -3.3% | £106,586 |
| May 2010 | 5.8% | £110,257 |
| May 2009 | -14.8% | £104,167 |
| May 2008 | -0.9% | £122,191 |
| May 2007 | 0% | £123,298 |
The current average rental value in the building is £982.
The 40 Prospect Street Rental Market has increased by 28.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4.1% | £982pcm |
| May 2025 | 2.3% | £944pcm |
| May 2024 | 7.1% | £923pcm |
| May 2023 | 11% | £862pcm |
| May 2022 | 6.7% | £776pcm |
| May 2021 | -1.4% | £728pcm |
| May 2020 | 0.6% | £738pcm |
| May 2019 | -0.8% | £734pcm |
| May 2018 | -0.6% | £739pcm |
| May 2017 | -2.4% | £744pcm |
| May 2016 | 3.6% | £763pcm |
| May 2015 | 6.6% | £736pcm |
| May 2014 | 5.3% | £690pcm |
| May 2013 | 1.9% | £655pcm |
| May 2012 | 2.8% | £643pcm |
| May 2011 | 1.9% | £626pcm |
| May 2010 | -0.7% | £614pcm |
| May 2009 | -9.8% | £618pcm |
| May 2008 | 2.8% | £685pcm |
| May 2007 | 0% | £667pcm |
The last sale was on 23rd May 2008 for £103,000 and since then the market in the area has increased by 21.4%. The building has had a total of 10 sales since 1995.
40, Prospect Street, Reading, RG1 7YG has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 40, Prospect Street, Reading, RG1 7YG is Reading West station which is 300 metres away.
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According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
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 40, Prospect Street, Reading, RG1 7YG, 66.0% of property is privately rented and 16.0% is privately owned outright.
The graph below shows how this compares to South East 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 40, Prospect Street, Reading, RG1 7YG, 16.7% of residents are recorded as possessing school level qualifications and 42.7% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 40, Prospect Street, Reading, RG1 7YG, the average age was 34 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 40, Prospect Street, Reading, RG1 7YG, 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 40, Prospect Street, Reading, RG1 7YG, 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.