Flat 1, 345 Road
Flat 1, 345 Road
Description & Estimates
Flat 1, 345 Road, Reading is recorded publicly as a period Leasehold apartment across 613 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of Flat 1, 345 Road, Reading is £285,200 and its rental estimate is £1,399 per month, given the available information and assuming reasonable condition.
345, London Road is a residential building on London Road, Reading, RG1 and falls within the RG1 postal district.
Our Data Sources
Flat 1, 345 Road, Reading has a single entry in the Land Registry from November 2015 and a single entry in the EPC database dated October 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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, 345 Road, Reading, we estimate a market value of £299,460 and a rental value of £1,469 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £265,236 and £1,301 per month respectively.
Recent Market Change
Over the last year, Flat 1, 345 Road, Reading has seen its estimated sale value fall by £5,634 (2.0%) and its estimated rental value move up by £38 per month (2.7%). This results in an estimated gross rental yield of 5.9%.
Energy Efficiency
Flat 1, 345 Road, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Oct 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, electric.
Sold Prices
The most recent sale of Flat 1, 345 Road, Reading completed on 6th November 2015 at £295,000 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 14.6% over the period since November 2015.
- Sold Nov 2015£295,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 530 metres of Flat 1, 345 Road, Reading, per the Land Registry and our network of Estate Agents.
The latest, on the 20th October 2021, was 2, Manchester Road, Reading, RG1 3QW, a freehold house which sold for £345,000.
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 508 addresses on London Road, Reading, RG1, Flat 1, 345 Road, Reading comes out as the 264th largest and the 154th most expensive in our analysis of the public data.
It is also £11k less expensive than the average property across the RG1 district.
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Schools Nearby
- 600mNew Town Primary School
- 700mSt John's Church of England Primary School
- 800mAlfred Sutton Primary School
- 800mMaiden Erlegh School in Reading
- 800mUTC Reading
- 1.1kmReading School
More reading links
Public Transport Nearby
From Flat 1, 345 Road, Reading, the nearest station is Reading, 2.1 kilometres away.
- 2.1kmReading
- 2.3kmEarley
- 3.3kmReading West
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
