Flat 1, 12
Flat 1, 12
Description & Estimates
Flat 1, 12, Cross Street, Reading appears in the public record as a leasehold apartment.
By comparing it to nearby properties, we estimate it to be a period apartment with 1,332 ft2 of internal area and a garden.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Flat 1, 12, Cross Street, Reading is £302,166 and its rental estimate is £1,816 per month, given the available information and assuming reasonable condition.
12, Cross Street is a residential building on Cross Street, Reading, RG1 and falls within the RG1 postal district.
Our Data Sources
Flat 1, 12, Cross Street, Reading has a single entry in the Land Registry from April 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 1, 12, Cross Street, Reading, we estimate a market value of £317,275 and a rental value of £1,907 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £281,015 and £1,689 per month respectively.
Recent Market Change
Over the last year, Flat 1, 12, Cross Street, Reading has seen its estimated sale value decrease by £9,298 (3.1%) and its estimated rental value grow by £30 per month (1.7%). This results in an estimated gross rental yield of 7.2%.
Sold Prices
The most recent sale of Flat 1, 12, Cross Street, Reading completed on 13th April 2007 at £415,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 16.5% over the period since April 2007.
- Sold Apr 2007£415,000
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to Flat 1, 12, Cross Street, Reading has sold within a radius of 380 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th November 2015, was Flat 106, Sussex House 6, The Forbury, Reading, RG1 3EJ, a leasehold flat which sold for £469,500.
Read more about house prices in RG1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 31 addresses on Cross Street, Reading, RG1, Flat 1, 12, Cross Street, Reading comes out as the 2nd largest and the most expensive in our analysis of the public data.
It is also £6k more expensive than the average property across the RG1 district.
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Schools Nearby
- 700mCivitas Academy
- 800mKatesgrove Primary School
- 800mE P Collier Primary School
- 800mKendrick School
- 1.5kmReading School
- 1.5kmRiver Academy
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Public Transport Nearby
From Flat 1, 12, Cross Street, Reading, the nearest station is Reading, 200 metres away.
- 200mReading
- 1.3kmReading West
- 3.8kmReading Green Park
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
