Flat 4, The Faculty 23-27
Flat 4, The Faculty 23-27
Description & Estimates
Flat 4, The Faculty 23-27, Reading is described in the public record as a modern apartment with 710 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 4, The Faculty 23-27, Reading is £163,803 and its rental estimate is £1,016 per month, given the available information and assuming reasonable condition.
The Faculty, London Road is a residential building on London Road, Reading, RG1 and falls within the RG1 postal district.
Our Data Sources
Flat 4, The Faculty 23-27, Reading has no records in the the Land Registry and a single entry in the EPC database dated October 2018.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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, The Faculty 23-27, Reading, we estimate a market value of £171,993 and a rental value of £1,067 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £152,337 and £945 per month respectively.
Recent Market Change
Over the last year, Flat 4, The Faculty 23-27, Reading has seen its estimated sale value move down by £4,372 (2.7%) and its estimated rental value increase by £18 per month (1.8%). This results in an estimated gross rental yield of 7.4%.
Energy Efficiency
Flat 4, The Faculty 23-27, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Oct 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, electric.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 4, The Faculty 23-27, Reading have sold within a radius of 310 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd August 2022, was Flat 3, East View Place, East Street, Reading, RG1 4AW, a leasehold flat which sold for £270,000.
Read more about house prices in RG1.
- Sold Aug 2022£270,000 | 2 Bed FlatEast View Place, East StreetFlat 3, East View Place, East Street, Reading, RG1 4AW
- Sold Jan 2021£250,000 | 2 Bed FlatEast View Place, East StreetFlat 21, East View Place, East Street, Reading, RG1 4AW
- Sold Oct 2016£259,000 | 2 Bed FlatEast View Place, East StreetFlat 17, East View Place, East Street, Reading, RG1 4AW
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 508 addresses on London Road, Reading, RG1, Flat 4, The Faculty 23-27, Reading comes out as the 198th largest and the 382nd most expensive in our analysis of the public data.
It is also £133k less expensive than the average property across the RG1 district.
More reading links
Schools Nearby
- 400mKatesgrove Primary School
- 800mNew Christ Church Church of England Primary School
- 800mColey Primary School
- 200mKendrick School
- 900mReading School
- 1.7kmReading Girls' School
More reading links
Public Transport Nearby
From Flat 4, The Faculty 23-27, Reading, the nearest station is Reading, 900 metres away.
- 900mReading
- 1.7kmReading West
- 3.5kmEarley
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
