Flat 3, 25
Flat 3, 25
Description & Estimates
Flat 3, 25, Lorne Street, Reading is recorded publicly as a period leasehold apartment across 269 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Flat 3, 25, Lorne Street, Reading is £101,649 and its rental estimate is £670 per month, given the available information and assuming reasonable condition.
25, Lorne Street is a residential building on Lorne Street, Reading, RG1 and falls within the RG1 postal district.
Our Data Sources
Flat 3, 25, Lorne Street, Reading has a single entry in the Land Registry from June 2007 and a single entry in the EPC database dated November 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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, 25, Lorne Street, Reading, we estimate a market value of £106,731 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 £94,534 and £623 per month respectively.
Recent Market Change
Over the last year, Flat 3, 25, Lorne Street, Reading has seen its estimated sale value move down by £1,233 (1.2%) and its estimated rental value increase by £21 per month (3.2%). This results in an estimated gross rental yield of 7.9%.
Energy Efficiency
Flat 3, 25, Lorne Street, Reading has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Nov 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of Flat 3, 25, Lorne Street, Reading completed on 19th June 2007 at £111,000 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 43.8% over the period since June 2007.
- Sold Jun 2007£111,000
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to Flat 3, 25, Lorne Street, Reading have sold within a radius of 350 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th August 2020, was Flat 2, 25, Lorne Street, Reading, RG1 7YW, a leasehold flat which sold for £123,000.
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 87 addresses on Lorne Street, Reading, RG1, Flat 3, 25, Lorne Street, Reading comes out as the 81st largest and the 82nd most expensive in our analysis of the public data.
It is also £195k 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
- 1.2kmThe WREN School
- 1.6kmBlessed Hugh Faringdon Catholic School
More reading links
Public Transport Nearby
From Flat 3, 25, Lorne Street, Reading, the nearest station is Reading West, 200 metres away.
- 200mReading West
- 1.2kmReading
- 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.
