Flat 14, Summit House 49-51
Flat 14, Summit House 49-51
Description & Estimates
Public records show Flat 14, Summit House 49-51, Reading to be a modern leasehold apartment with 505 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 14, Summit House 49-51, Reading has an estimated sale value of £214,824 and an estimated rental value of £1,249 per month, assuming reasonable condition and based on the information available.
The apartment sits within Summit House, Greyfriars Road, Reading, RG1.
Greyfriars Road, Reading, RG1 lies within the RG1 postal district.
Our Data Sources
Flat 14, Summit House 49-51, Reading has a single entry in the Land Registry from August 2016 and a single entry in the EPC database dated April 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate Flat 14, Summit House 49-51, Reading would be worth £225,565, with a potential rental value of £1,312 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £199,787, with a rental value of £1,162 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 14, Summit House 49-51, Reading has moved down by £5,733 (2.7%) over the last year. During the same period, its estimated monthly rental value has increased by £22 (1.8%). The property's estimated gross yield is currently 7.0%.
Energy Efficiency
Flat 14, Summit House 49-51, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Apr 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Sold Prices
Flat 14, Summit House 49-51, Reading last changed hands on 22nd August 2016, selling for £295,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 19.8% since August 2016.
- Sold Aug 2016£295,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 330 metres of Flat 14, Summit House 49-51, Reading across the last 2 years.
Most recently, 10 The Chatham, Thorn Walk, Reading, RG1 7BJ, a leasehold flat, sold at £181,000 on the 25th April 2025.
Read more about house prices in RG1.
- Sold Apr 2025£181,000 | 2 Bed FlatThorn Walk10 The Chatham, Thorn Walk, Reading, RG1 7BJ
- Sold Mar 2025£4,104,000 | 2 Bed Flat40, Caversham RoadFlat 2, 40, Caversham Road, Reading, RG1 7EB
- Sold Sep 2016£295,000 | 2 Bed FlatSummit House 49-51, Greyfriars RoadFlat 7, Summit House 49-51, Greyfriars Road, Reading, RG1 1PA
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 14, Summit House 49-51, Reading as the 7th largest and the 7th most expensive of the 166 addresses on Greyfriars Road, Reading, RG1.
Against the RG1 postcode district average, it is £81k less expensive than the typical property.
More reading links
Schools Nearby
- 400mCivitas Academy
- 400mE P Collier Primary School
- 800mOxford Road Community School
- 1.1kmRiver Academy
- 1.1kmKendrick School
- 1.9kmReading School
More reading links
Public Transport Nearby
Reading station is the nearest stop to Flat 14, Summit House 49-51, Reading at 300 metres away.
- 300mReading
- 1.1kmReading West
- 3.9kmReading Green Park
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
