Flat 2, Vela House
Flat 2, Vela House
Description & Estimates
Public records show Flat 2, Vela House, Thatcham to be a modern leasehold apartment with 452 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 2, Vela House, Thatcham has an estimated sale value of £186,625 and an estimated rental value of £757 per month, assuming reasonable condition and based on the information available.
The apartment sits within Vela House, Francis Close, Thatcham, RG18.
Francis Close, Thatcham, RG18 lies within the RG18 postal district.
Our Data Sources
Flat 2, Vela House, Thatcham has 2 entries in the Land Registry , most recently in November 2022 and a single entry in the EPC database dated August 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.
Price Range & Condition
In very good condition, we estimate Flat 2, Vela House, Thatcham would be worth £195,956, with a potential rental value of £794 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £173,561, with a rental value of £704 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, Vela House, Thatcham has declined by £5,256 (2.8%) over the last year. During the same period, its estimated monthly rental value has climbed by £22 (2.9%). The property's estimated gross yield is currently 4.9%.
Energy Efficiency
Flat 2, Vela House, Thatcham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Aug 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Electric underfloor heating.
Sold Prices
Flat 2, Vela House, Thatcham last changed hands on 4th November 2022, selling for £187,500. 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 13.8% since November 2022.
- Sold Nov 2022£187,500
- Sold Jan 2019£186,700
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 600 metres of Flat 2, Vela House, Thatcham across the last 2 years.
Most recently, Flat 3, Vela House, Francis Close, Thatcham, RG18 3GS, a leasehold flat, sold at £185,000 on the 16th June 2022.
Read more about house prices in RG18.
- Sold Jun 2022£185,000 | 2 Bed FlatVela House, Francis CloseFlat 3, Vela House, Francis Close, Thatcham, RG18 3GS
- Sold May 2021£172,000 | 2 Bed FlatVela House, Francis CloseFlat 6, Vela House, Francis Close, Thatcham, RG18 3GS
- Sold Sep 2018£203,000 | 2 Bed FlatVela House, Francis CloseFlat 5, Vela House, Francis Close, Thatcham, RG18 3GS
•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, Vela House, Thatcham as the 44th largest and the 44th most expensive of the 45 addresses on Francis Close, Thatcham, RG18.
Against the RG18 postcode district average, it is £282k less expensive than the typical property.
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Schools Nearby
- 300mParsons Down Infant School
- 400mParsons Down Junior School
- 900mWhitelands Park Primary School
- 1.9kmKennet School
- 3.1kmTrinity School
- 4.1kmSt Bartholomew's School
More reading links
Public Transport Nearby
Newbury Racecourse station is the nearest stop to Flat 2, Vela House, Thatcham at 2.3 kilometres away.
- 2.3kmNewbury Racecourse
- 2.6kmThatcham
- 3.4kmNewbury
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
