Flat 4, 10
Flat 4, 10
Description & Estimates
Public records show Flat 4, 10, Lance Way, Reading to be a modern leasehold apartment with 764 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 4, 10, Lance Way, Reading has an estimated sale value of £122,439 and an estimated rental value of £739 per month, assuming reasonable condition and based on the information available.
The apartment sits within 10, Lance Way, Arborfield Green, Reading, RG2.
Lance Way, Arborfield Green, Reading, RG2 lies within the RG2 postal district.
Our Data Sources
Flat 4, 10, Lance Way, Reading has a single entry in the Land Registry from October 2020 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
In very good condition, we estimate Flat 4, 10, Lance Way, Reading would be worth £128,561, with a potential rental value of £776 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £113,868, with a rental value of £687 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 4, 10, Lance Way, Reading has declined by £3,306 (2.7%) over the last year. During the same period, its estimated monthly rental value has climbed by £14 (1.9%). The property's estimated gross yield is currently 7.2%.
Energy Efficiency
Flat 4, 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
Flat 4, 10, Lance Way, Reading last changed hands on 19th October 2020, selling for £114,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 23.9% since October 2020.
- Sold Oct 2020£114,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 710 metres of Flat 4, 10, Lance Way, Reading across the last 2 years.
Most recently, Flat 1, 10, Lance Way, Reading, RG2 9YZ, a leasehold flat, sold at £115,000 on the 30th September 2021.
Read more about house prices in RG2.
- Sold Sep 2021£115,000 | 2 Bed Flat10, Lance WayFlat 1, 10, Lance Way, Reading, RG2 9YZ
- Sold Jul 2021£121,785 | 2 Bed FlatGirling House 8, Glover CrescentFlat 6, Girling House 8, Glover Crescent, Reading, RG2 9TU
- Sold Jul 2021£120,585 | 2 Bed FlatGirling House 8, Glover CrescentFlat 4, Girling House 8, Glover Crescent, Reading, RG2 9TU
•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 4, 10, Lance Way, Reading as the 24th largest and the 24th most expensive of the 29 addresses on Lance Way, Arborfield Green, Reading, RG2.
Against the RG2 postcode district average, it is £251k less expensive than the typical property.
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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
Wokingham station is the nearest stop to Flat 4, 10, Lance Way, Reading at 5.0 kilometres away.
- 5.0kmWokingham
- 5.6kmWinnersh
- 5.7kmCrowthorne
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
