Flat 3, 10
Flat 3, 10
Description & Estimates
Flat 3, 10, Prospect Street, Reading is recorded publicly as a modern leasehold apartment across 839 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 3, 10, Prospect Street, Reading is £292,453 and its rental estimate is £1,546 per month, given the available information and assuming reasonable condition.
10, Prospect Street is a residential building on Prospect Street, Reading, RG1 and falls within the RG1 postal district.
Our Data Sources
Flat 3, 10, Prospect Street, Reading has a single entry in the Land Registry from May 2017 and a single entry in the EPC database dated November 2016.
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
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, Prospect Street, Reading, we estimate a market value of £307,076 and a rental value of £1,623 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £271,981 and £1,438 per month respectively.
Recent Market Change
Over the last year, Flat 3, 10, Prospect Street, Reading has seen its estimated sale value decline by £7,805 (2.7%) and its estimated rental value climb by £28 per month (1.8%). This results in an estimated gross rental yield of 6.3%.
Energy Efficiency
Flat 3, 10, Prospect Street, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Nov 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
Sold Prices
The most recent sale of Flat 3, 10, Prospect Street, Reading completed on 19th May 2017 at £325,000 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 risen by 4.7% over the period since May 2017.
- Sold May 2017£325,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 3, 10, Prospect Street, Reading have sold within a radius of 330 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 5th June 2020, was Flat 4, 10, Prospect Street, Reading, RG1 7YG, a leasehold flat which sold for £327,000.
Read more about house prices in RG1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 166 addresses on Prospect Street, Reading, RG1, Flat 3, 10, Prospect Street, Reading comes out as the 35th largest and the 22nd most expensive in our analysis of the public data.
It is also £4k less expensive than the average property across the RG1 district.
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Schools Nearby
- 100mOxford Road Community School
- 300mAll Saints Church of England Aided Infant School
- 300mAll Saints Junior School
- 1.2kmRiver Academy
- 1.3kmThe WREN School
- 1.6kmKendrick School
More reading links
Public Transport Nearby
From Flat 3, 10, Prospect Street, Reading, the nearest station is Reading West, 300 metres away.
- 300mReading West
- 1.1kmReading
- 3.2kmReading Green Park
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
