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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
Public records show Flat 2, 16 Road, Reading to be a period leasehold apartment with 893 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
Flat 2, 16 Road, Reading has an estimated sale value of £319,332 and an estimated rental value of £1,588 per month, assuming reasonable condition and based on the information available.
The apartment sits within 16, London Road, Reading, RG1.
London Road, Reading, RG1 lies within the RG1 postal district.
Flat 2, 16 Road, Reading has a single entry in the Land Registry from August 2018 and a single entry in the EPC database dated April 2018.
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.
In very good condition, we estimate Flat 2, 16 Road, Reading would be worth £335,298, with a potential rental value of £1,668 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £296,979, with a rental value of £1,477 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Flat 2, 16 Road, Reading has fallen by £12,545 (3.9%) over the last year. During the same period, its estimated monthly rental value has moved up by £12 (0.7%). The property's estimated gross yield is currently 6.0%.
Flat 2, 16 Road, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Apr 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Flat 2, 16 Road, Reading last changed hands on 31st August 2018, selling for £350,000. 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 16.2% since August 2018.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 370 metres of Flat 2, 16 Road, Reading across the last 2 years.
Most recently, Flat 9, 36, London Road, Reading, RG1 5AG, a leasehold flat, sold at £315,000 on the 15th December 2023.
Read more about house prices in RG1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks Flat 2, 16 Road, Reading as the 144th largest and the 110th most expensive of the 508 addresses on London Road, Reading, RG1.
Against the RG1 postcode district average, it is £23k more expensive than the typical property.
Reading station is the nearest stop to Flat 2, 16 Road, Reading at 1.0 kilometres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, 16 Road, Reading, 63.8% of property is privately rented and 22.4% 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, 16 Road, Reading, 18.1% of residents are recorded as possessing school level qualifications and 70.2% 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, 16 Road, Reading, the average age was 33.9 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, 16 Road, Reading, 3.4% 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, 16 Road, Reading, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.
