Flat 42, The Picture House
Flat 42, The Picture House
Description & Estimates
Public records show Flat 42, The Picture House, Reading to be a modern leasehold apartment with 731 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 42, The Picture House, Reading has an estimated sale value of £234,622 and an estimated rental value of £1,365 per month, assuming reasonable condition and based on the information available.
The apartment sits within The Picture House, Cheapside, Reading, RG1.
Cheapside, Reading, RG1 lies within the RG1 postal district.
Our Data Sources
Flat 42, The Picture House, Reading has 21 entries in the Land Registry , most recently in May 2015 and a single entry in the EPC database dated March 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate Flat 42, The Picture House, Reading would be worth £246,353, with a potential rental value of £1,433 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £218,198, with a rental value of £1,269 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 42, The Picture House, Reading has decreased by £6,262 (2.7%) over the last year. During the same period, its estimated monthly rental value has grown by £25 (1.8%). The property's estimated gross yield is currently 7.0%.
Energy Efficiency
Flat 42, The Picture House, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Mar 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 42, The Picture House, Reading last changed hands on 21st May 2015, selling for £230,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 11.3% since May 2015.
- Sold May 2015£230,000
- Sold Mar 2004£203,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 270 metres of Flat 42, The Picture House, Reading across the last 2 years.
Most recently, Flat 23, The Picture House, Cheapside, Reading, RG1 7AB, a leasehold flat, sold at £257,000 on the 26th March 2026.
Read more about house prices in RG1.
- Sold Mar 2026£257,000 | 2 Bed FlatThe Picture House, CheapsideFlat 23, The Picture House, Cheapside, Reading, RG1 7AB
- Sold Oct 2024£260,000 | 2 Bed FlatThe Picture House, CheapsideFlat 5, The Picture House, Cheapside, Reading, RG1 7AB
- Sold May 2024£220,000 | 2 Bed FlatThe Picture House, CheapsideFlat 22, The Picture House, Cheapside, Reading, RG1 7AB
•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 42, The Picture House, Reading as the 28th largest and the 22nd most expensive of the 99 addresses on Cheapside, Reading, RG1.
Against the RG1 postcode district average, it is £62k less expensive than the typical property.
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Schools Nearby
- 300mCivitas Academy
- 600mOxford Road Community School
- 700mColey Primary School
- 1.1kmKendrick School
- 1.2kmRiver Academy
- 1.8kmReading School
More reading links
Public Transport Nearby
Reading station is the nearest stop to Flat 42, The Picture House, Reading at 500 metres away.
- 500mReading
- 900mReading West
- 3.6kmReading Green Park
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.
