Flat 3, 10
Flat 3, 10
Description & Estimates
Flat 3, 10, Lance Way, Reading is recorded publicly as a modern leasehold apartment across 548 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 3, 10, Lance Way, Reading is £106,496 and its rental estimate is £670 per month, given the available information and assuming reasonable condition.
10, Lance Way is a residential building on Lance Way, Arborfield Green, Reading, RG2 and falls within the RG2 postal district.
Our Data Sources
Flat 3, 10, Lance Way, Reading has a single entry in the Land Registry from July 2024 and a single entry in the EPC database dated September 2020.
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 3, 10, Lance Way, Reading, we estimate a market value of £111,821 and a rental value of £703 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £99,041 and £623 per month respectively.
Recent Market Change
Over the last year, Flat 3, 10, Lance Way, Reading has seen its estimated sale value decrease by £2,875 (2.7%) and its estimated rental value grow by £13 per month (1.9%). This results in an estimated gross rental yield of 7.5%.
Energy Efficiency
Flat 3, 10, Lance Way, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Sep 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler.
Sold Prices
The most recent sale of Flat 3, 10, Lance Way, Reading completed on 15th July 2024 at £114,000 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 28.9% over the period since July 2024.
- Sold Jul 2024£114,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 710 metres of Flat 3, 10, Lance Way, Reading, per the Land Registry and our network of Estate Agents.
The latest, on the 8th September 2023, was 2, Lance Way, Reading, RG2 9YY, a freehold house which sold for £545,000.
Read more about house prices in RG2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 29 addresses on Lance Way, Arborfield Green, Reading, RG2, Flat 3, 10, Lance Way, Reading comes out as the 28th largest and the 28th most expensive in our analysis of the public data.
It is also £267k less expensive than the average property across the RG2 district.
More reading links
Schools Nearby
- 1.6kmFarley Hill Primary School
- 1.7kmThe Coombes Church of England Primary School
- 2.5kmGorse Ride Junior School
- 400mBohunt School Wokingham
- 5.2kmOakbank School
- 5.4kmThe Holt School
More reading links
Public Transport Nearby
From Flat 3, 10, Lance Way, Reading, the nearest station is Wokingham, 5.0 kilometres away.
- 5.0kmWokingham
- 5.6kmWinnersh
- 5.7kmCrowthorne
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
