Flat 25, 1
Flat 25, 1
Description & Estimates
Flat 25, 1, Duke Street, Reading is recorded publicly as a modern leasehold apartment across 441 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Flat 25, 1, Duke Street, Reading is £248,122 and its rental estimate is £1,234 per month, given the available information and assuming reasonable condition.
1, Duke Street is a residential building on Duke Street, Reading, RG1 and falls within the RG1 postal district.
Our Data Sources
Flat 25, 1, Duke Street, Reading has a single entry in the Land Registry from July 2022 and a single entry in the EPC database dated October 2021.
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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 25, 1, Duke Street, Reading, we estimate a market value of £260,528 and a rental value of £1,295 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £230,753 and £1,147 per month respectively.
Recent Market Change
Over the last year, Flat 25, 1, Duke Street, Reading has seen its estimated sale value move down by £3,010 (1.2%) and its estimated rental value increase by £40 per month (3.2%). This results in an estimated gross rental yield of 6.0%.
Energy Efficiency
Flat 25, 1, Duke Street, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Oct 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and underfloor heating, electric.
Sold Prices
The most recent sale of Flat 25, 1, Duke Street, Reading completed on 27th July 2022 at £342,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 22.0% over the period since July 2022.
- Sold Jul 2022£342,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 25, 1, Duke Street, Reading have sold within a radius of 410 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 31st October 2023, was Flat 102, Sussex House 6, The Forbury, Reading, RG1 3EJ, a leasehold flat which sold for £233,000.
Read more about house prices in RG1.
- Sold Oct 2023£233,000 | 2 Bed FlatSussex House 6, The ForburyFlat 102, Sussex House 6, The Forbury, Reading, RG1 3EJ
- Sold Dec 2022£240,000 | 2 Bed Flat12A, Market PlaceFlat 1, 12A, Market Place, Reading, RG1 2EG
- Sold Jul 2022£315,000 | 1 Bed Flat1, Duke StreetFlat 24, 1, Duke Street, Reading, RG1 4FU
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 117 addresses on Duke Street, Reading, RG1, Flat 25, 1, Duke Street, Reading comes out as the 23rd largest and the 10th most expensive in our analysis of the public data.
It is also £48k less expensive than the average property across the RG1 district.
More reading links
Schools Nearby
- 600mKatesgrove Primary School
- 800mColey Primary School
- 900mCivitas Academy
- 500mKendrick School
- 1.2kmReading School
- 1.8kmRiver Academy
More reading links
Public Transport Nearby
From Flat 25, 1, Duke Street, Reading, the nearest station is Reading, 400 metres away.
- 400mReading
- 1.5kmReading West
- 3.8kmReading Green Park
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
