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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, Flat 2, 121 Road, Reading is a period leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 121 Road, Reading is £122,097 and the estimated rental value is £795 per month.
The apartment is within 121, London Road, Reading, RG1.
London Road, Reading, RG1 is located within the RG1 postal district.
Flat 2, 121 Road, Reading has 21 entries in the Land Registry , most recently in November 2015 and a single entry in the EPC database dated April 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
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 2, 121 Road, Reading is in very good condition we estimate a sale value of £128,202 and a rental value of £835 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £113,550 and a rental value of £740 per month.
Over the last 12 months the sale value of Flat 2 121 Road Reading has decreased by an estimated £3,259 (2.7%) and its rental value has increased by an estimated £14 per month (1.8%), giving an expected gross yield of 7.8%.
Flat 2, 121 Road, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Apr 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, Flat 2, 121 Road, Reading was last sold on 3rd November 2015 for £125,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since November 2015, the market for similar properties has risen 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 121 Road, Reading within a radius of 360 metres over the last 2 years.
The most recent example is Flat 4, 121, London Road, Reading, RG1 5DB, a leasehold flat which sold for £125,000 on the 1st August 2022.
Read more about house prices in RG1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Reading, RG1 has a total of 508 addresses. According to our analysis of all the public data, Flat 2, 121 Road, Reading is the 359th largest and the 476th most expensive property on the street.
When compared to the postcode district it is £174k less expensive than the average property in RG1.
The closest station to Flat 2, 121 Road, Reading is Reading station which is 1.5 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, 121 Road, Reading, 82.7% of property is privately rented and 10.2% is privately owned with a mortgage.
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 Flat 2, 121 Road, Reading, 13.8% of residents are recorded as possessing school level qualifications and 58.5% 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 Flat 2, 121 Road, Reading, the average age was 33.3 and the most common age was 22.
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 Flat 2, 121 Road, Reading, 0.3% 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 Flat 2, 121 Road, Reading, there are an average of 0.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.
