Flat 5, 10
Flat 5, 10
Description & Estimates
The public record describes Flat 5, 10, Lance Way, Reading as a modern apartment with 548 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 5, 10, Lance Way, Reading has an estimated sale value of £106,496 and an estimated rental value of £670 per month, assuming reasonable condition and based on the information available.
The apartment sits within 10, Lance Way, Arborfield Green, Reading, RG2.
Lance Way, Arborfield Green, Reading, RG2 lies within the RG2 postal district.
Our Data Sources
Flat 5, 10, Lance Way, Reading has no records in the the Land Registry and a single entry in the EPC database dated September 2020.
We combine this information with public data 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 5, 10, Lance Way, Reading would be worth £111,821, with a potential rental value of £703 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £99,041, with a rental value of £623 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 5, 10, Lance Way, Reading has decreased by £2,875 (2.7%) over the last year. During the same period, its estimated monthly rental value has grown by £13 (1.9%). The property's estimated gross yield is currently 7.5%.
Energy Efficiency
Flat 5, 10, Lance Way, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Sep 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 1 sale of a comparable property within 710 metres of Flat 5, 10, Lance Way, Reading across the last 2 years.
Most recently, Flat 3, 10, Lance Way, Reading, RG2 9YZ, a leasehold flat, sold at £114,000 on the 15th July 2024.
Read more about house prices in RG2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 5, 10, Lance Way, Reading as the 27th largest and the 27th most expensive of the 29 addresses on Lance Way, Arborfield Green, Reading, RG2.
Against the RG2 postcode district average, it is £267k less expensive than the typical property.
More reading links
Schools Nearby
- 1.6kmFarley Hill Primary School
- 1.7kmThe Coombes Church of England Primary School
- 2.5kmGorse Ride Junior School
- 400mBohunt School Wokingham
- 5.2kmOakbank School
- 5.4kmThe Holt School
More reading links
Public Transport Nearby
Wokingham station is the nearest stop to Flat 5, 10, Lance Way, Reading at 5.0 kilometres away.
- 5.0kmWokingham
- 5.6kmWinnersh
- 5.7kmCrowthorne
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
