Flat 1602, Verto 120
Flat 1602, Verto 120
Description & Estimates
According to the public record, Flat 1602, Verto 120, Reading is a modern leasehold apartment with 1,496 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1602, Verto 120, Reading is £576,302 and the estimated rental value is £2,737 per month.
The apartment is within Verto, Kings Road, Reading, RG1.
Kings Road, Reading, RG1 is located within the RG1 postal district.
Our Data Sources
Flat 1602, Verto 120, Reading has a single entry in the Land Registry from December 2021 and a single entry in the EPC database dated March 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
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 Flat 1602, Verto 120, Reading is in very good condition we estimate a sale value of £605,118 and a rental value of £2,874 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £535,961 and a rental value of £2,545 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 1602, Verto 120, Reading has fallen by £17,908 (3.1%), while its estimated rental value has moved up by £46 per month (1.7%). Based on current estimates, the property offers a gross rental yield of 5.7%.
Energy Efficiency
Flat 1602, Verto 120, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Mar 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
According to HM Land Registry, Flat 1602, Verto 120, Reading was last sold on 10th December 2021 for £720,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since December 2021, the market for similar properties has dropped by 18.5%.
- Sold Dec 2021£720,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1602, Verto 120, Reading within a radius of 290 metres over the last 2 years.
The most recent example is Flat 1103, Verto 120, Kings Road, Reading, RG1 3FS, a leasehold flat which sold for £675,000 on the 19th July 2024.
Read more about house prices in RG1.
- Sold Jul 2024£675,000 | 3 Bed FlatFlat 1103, Verto 120, Kings Road, Reading, RG1 3FSFlat 1103, Verto 120, Kings Road, Reading, RG1 3FS
- Sold Nov 2023£760,000 | 3 Bed FlatFlat 1601, Verto 120, Kings Road, Reading, RG1 3FSFlat 1601, Verto 120, Kings Road, Reading, RG1 3FS
- Sold Dec 2021£727,000 | 3 Bed FlatFlat 1501, Verto 120, Kings Road, Reading, RG1 3FSFlat 1501, Verto 120, Kings Road, Reading, RG1 3FS
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Kings Road, Reading, RG1 has a total of 827 addresses. According to our analysis of all the public data, Flat 1602, Verto 120, Reading is the 11th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £280k more expensive than the average property in RG1.
More reading links
Schools Nearby
- 700mSt John's Church of England Primary School
- 900mKatesgrove Primary School
- 900mNew Town Primary School
- 400mKendrick School
- 900mReading School
- 1.7kmMaiden Erlegh School in Reading
More reading links
Public Transport Nearby
The closest station to Flat 1602, Verto 120, Reading is Reading station, which is 700 metres away.
- 700mReading
- 1.9kmReading West
- 3.5kmEarley
Available Internet Speeds
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
