Flat 4, 10
Flat 4, 10
Description & Estimates
Flat 4, 10, Prospect Street, Reading is recorded publicly as a modern leasehold apartment across 861 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Flat 4, 10, Prospect Street, Reading is £300,510 and its rental estimate is £1,631 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 4, 10, Prospect Street, Reading has 2 entries in the Land Registry , most recently in June 2020 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 4, 10, Prospect Street, Reading, we estimate a market value of £315,535 and a rental value of £1,712 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £279,474 and £1,517 per month respectively.
Recent Market Change
Over the last year, Flat 4, 10, Prospect Street, Reading has seen its estimated sale value drop by £11,805 (3.9%) and its estimated rental value rise by £12 per month (0.7%). This results in an estimated gross rental yield of 6.5%.
Energy Efficiency
Flat 4, 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 4, 10, Prospect Street, Reading completed on 5th June 2020 at £327,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 11.0% over the period since June 2020.
- Sold Jun 2020£327,000
- Sold May 2017£345,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 4, 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 14th July 2017, was Flat 1, 10, Prospect Street, Reading, RG1 7YG, a leasehold flat which sold for £315,000.
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 4, 10, Prospect Street, Reading comes out as the 29th largest and the 20th most expensive in our analysis of the public data.
It is also £4k more 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 4, 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.
