Flat 4, The Observatory
Flat 4, The Observatory
Description & Estimates
Flat 4, The Observatory, Reading is recorded publicly as a modern leasehold apartment across 570 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 4, The Observatory, Reading is £204,848 and its rental estimate is £1,308 per month, given the available information and assuming reasonable condition.
The Observatory, Brunswick Hill is a residential building on Brunswick Hill, Reading, RG1 and falls within the RG1 postal district.
Our Data Sources
Flat 4, The Observatory, Reading has 21 entries in the Land Registry , most recently in October 2010 and a single entry in the EPC database dated June 2020.
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, The Observatory, Reading, we estimate a market value of £215,090 and a rental value of £1,373 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £190,509 and £1,216 per month respectively.
Recent Market Change
Over the last year, Flat 4, The Observatory, Reading has seen its estimated sale value fall by £5,467 (2.7%) and its estimated rental value move up by £24 per month (1.8%). This results in an estimated gross rental yield of 7.7%.
Energy Efficiency
Flat 4, The Observatory, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jun 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 4, The Observatory, Reading completed on 18th October 2010 at £145,250 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 32.5% over the period since October 2010.
- Sold Oct 2010£145,250
- Sold Dec 2003£139,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 4, The Observatory, Reading have sold within a radius of 400 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 5th December 2024, was Flat 7, All Saints Gardens 52, Tilehurst Road, Reading, RG1 7TS, a leasehold flat which sold for £245,000.
Read more about house prices in RG1.
- Sold Dec 2024£245,000 | 2 Bed FlatFlat 7, All Saints Gardens 52, Tilehurst Road, Reading, RG1 7TSFlat 7, All Saints Gardens 52, Tilehurst Road, Reading, RG1 7TS
- Sold May 2023£245,000 | 2 Bed FlatFlat 16, All Saints Gardens 52, Tilehurst Road, Reading, RG1 7TSFlat 16, All Saints Gardens 52, Tilehurst Road, Reading, RG1 7TS
- Sold Jul 2021£245,000 | 2 Bed FlatFlat 15, All Saints Gardens 52, Tilehurst Road, Reading, RG1 7TSFlat 15, All Saints Gardens 52, Tilehurst Road, Reading, RG1 7TS
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 109 addresses on Brunswick Hill, Reading, RG1, Flat 4, The Observatory, Reading comes out as the 73rd largest and the 66th most expensive in our analysis of the public data.
It is also £91k less expensive than the average property across the RG1 district.
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Schools Nearby
- 200mAll Saints Church of England Aided Infant School
- 200mAll Saints Junior School
- 500mOxford Road Community School
- 900mThe WREN School
- 1.2kmBlessed Hugh Faringdon Catholic School
- 1.4kmRiver Academy
More reading links
Public Transport Nearby
From Flat 4, The Observatory, Reading, the nearest station is Reading West, 300 metres away.
- 300mReading West
- 1.5kmReading
- 2.9kmReading Green Park
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
