Flat 2, The Observatory
Flat 2, The Observatory
Description & Estimates
Public records show Flat 2, The Observatory, Reading to be a modern leasehold apartment with 688 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 2, The Observatory, Reading has an estimated sale value of £223,213 and an estimated rental value of £1,383 per month, assuming reasonable condition and based on the information available.
The apartment sits within The Observatory, Brunswick Hill, Reading, RG1.
Brunswick Hill, Reading, RG1 lies within the RG1 postal district.
Our Data Sources
Flat 2, The Observatory, Reading has 21 entries in the Land Registry , most recently in November 2016 and a single entry in the EPC database dated October 2018.
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.
Price Range & Condition
In very good condition, we estimate Flat 2, The Observatory, Reading would be worth £234,373, with a potential rental value of £1,453 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £207,588, with a rental value of £1,287 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 2, The Observatory, Reading has moved down by £5,957 (2.7%) over the last year. During the same period, its estimated monthly rental value has increased by £25 (1.8%). The property's estimated gross yield is currently 7.4%.
Energy Efficiency
Flat 2, The Observatory, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Oct 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 2, The Observatory, Reading last changed hands on 11th November 2016, selling for £207,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 12.1% since November 2016.
- Sold Nov 2016£207,000
- Sold Nov 2003£139,950
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 400 metres of Flat 2, The Observatory, Reading across the last 2 years.
Most recently, 10 Brownlow Lodge, Brownlow Road, Reading, RG1 6NR, a leasehold flat, sold at £265,000 on the 9th May 2025.
Read more about house prices in RG1.
- Sold May 2025£265,000 | 2 Bed FlatBrownlow Road10 Brownlow Lodge, Brownlow Road, Reading, RG1 6NR
- Sold Mar 2024£255,000 | 2 Bed FlatAll Saints Gardens 52, Tilehurst RoadFlat 5, All Saints Gardens 52, Tilehurst Road, Reading, RG1 7TS
- Sold May 2023£245,000 | 2 Bed FlatAll Saints Gardens 52, Tilehurst RoadFlat 16, All Saints Gardens 52, Tilehurst Road, Reading, RG1 7TS
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 2, The Observatory, Reading as the 60th largest and the 53rd most expensive of the 109 addresses on Brunswick Hill, Reading, RG1.
Against the RG1 postcode district average, it is £73k less expensive than the typical property.
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Schools Nearby
- 200mAll Saints Church of England Aided Infant School
- 200mAll Saints Junior School
- 500mOxford Road Community School
- 900mThe WREN School
- 1.2kmBlessed Hugh Faringdon Catholic School
- 1.4kmRiver Academy
More reading links
Public Transport Nearby
Reading West station is the nearest stop to Flat 2, The Observatory, Reading at 300 metres away.
- 300mReading West
- 1.5kmReading
- 2.9kmReading Green Park
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
