Flat 4, 40 Road
Flat 4, 40 Road
Description & Estimates
Public records show Flat 4, 40 Road, Reading to be a period leasehold apartment with 678 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 4, 40 Road, Reading has an estimated sale value of £273,977 and an estimated rental value of £1,365 per month, assuming reasonable condition and based on the information available.
The apartment sits within 40, London Road, Reading, RG1.
London Road, Reading, RG1 lies within the RG1 postal district.
Our Data Sources
Flat 4, 40 Road, Reading has a single entry in the Land Registry from February 2018 and a single entry in the EPC database dated June 2017.
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, 40 Road, Reading would be worth £287,676, with a potential rental value of £1,433 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £254,799, with a rental value of £1,270 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, 40 Road, Reading has fallen by £7,312 (2.7%) over the last year. During the same period, its estimated monthly rental value has moved up by £25 (1.8%). The property's estimated gross yield is currently 6.0%.
Energy Efficiency
Flat 4, 40 Road, Reading has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Jun 2017.
The property is not connected to mains gas and has full secondary glazing. It is heated using Room heaters, electric.
Sold Prices
Flat 4, 40 Road, Reading last changed hands on 14th February 2018, selling for £300,000. 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 15.3% since February 2018.
- Sold Feb 2018£300,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 380 metres of Flat 4, 40 Road, Reading across the last 2 years.
Most recently, 31, Albion Terrace, Reading, RG1 5BG, a leasehold flat, sold at £260,000 on the 28th March 2025.
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
Our analysis of the public data ranks Flat 4, 40 Road, Reading as the 217th largest and the 171st most expensive of the 508 addresses on London Road, Reading, RG1.
Against the RG1 postcode district average, it is £22k less expensive than the typical property.
More reading links
Schools Nearby
- 700mKatesgrove Primary School
- 800mSt John's Church of England Primary School
- 900mNew Christ Church Church of England Primary School
- 100mKendrick School
- 600mReading School
- 1.6kmMaiden Erlegh School in Reading
More reading links
Public Transport Nearby
Reading station is the nearest stop to Flat 4, 40 Road, Reading at 1.0 kilometres away.
- 1.0kmReading
- 2.0kmReading West
- 3.3kmEarley
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
