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According to the public record, Flat 2, 34, Lorne Street, Reading is a period leasehold apartment with 828 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, 34, Lorne Street, Reading is £236,607 and the estimated rental value is £1,415 per month.
The apartment is within 34, Lorne Street, Reading, RG1.
Lorne Street, Reading, RG1 is located within the RG1 postal district.
Flat 2, 34, Lorne Street, Reading has 81 entries in the Land Registry , most recently in June 2019 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 2 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, 34, Lorne Street, Reading is in very good condition we estimate a sale value of £248,438 and a rental value of £1,486 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £220,045 and a rental value of £1,316 per month.
Over the last 12 months the sale value of Flat 2 34 Lorne Street Reading has decreased by an estimated £6,315 (2.7%) and its rental value has increased by an estimated £25 per month (1.8%), giving an expected gross yield of 7.2%.
Flat 2, 34, Lorne Street, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Apr 2019.
The property is connected to mains gas and has some double glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 2, 34, Lorne Street, Reading was last sold on 28th June 2019 for £245,000 and was recorded as a leasehold flat.
The property has had 8 sales since 1995.
Since June 2019, the market for similar properties has risen 13.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 34, Lorne Street, Reading within a radius of 370 metres over the last 2 years.
The most recent example is Flat 8, 13, Tilehurst Road, Reading, RG1 7TP, a leasehold flat which sold for £230,000 on the 11th November 2024.
Read more about house prices in RG1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lorne Street, Reading, RG1 has a total of 87 addresses. According to our analysis of all the public data, Flat 2, 34, Lorne Street, Reading is the 45th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £60k less expensive than the average property in RG1.
The closest station to Flat 2, 34, Lorne Street, Reading is Reading West station which is 200 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, 34, Lorne Street, Reading, 66.0% of property is privately rented and 16.0% is privately owned outright.
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, 34, Lorne Street, Reading, 16.7% of residents are recorded as possessing school level qualifications and 42.7% 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, 34, Lorne Street, Reading, the average age was 34 and the most common age was 32.
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, 34, Lorne Street, Reading, 0.0% 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, 34, Lorne Street, 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.
