Flat 5, Bourne House
Flat 5, Bourne House
Description & Estimates
Flat 5, Bourne House, Reading is recorded publicly as a modern leasehold apartment across 484 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 5, Bourne House, Reading is £224,795 and its rental estimate is £1,132 per month, given the available information and assuming reasonable condition.
Bourne House, Old Grange Close is a residential building on Old Grange Close, Calcot, Reading, RG31 and falls within the RG31 postal district.
Our Data Sources
Flat 5, Bourne House, Reading has a single entry in the Land Registry from May 2022 and a single entry in the EPC database dated November 2020.
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
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 5, Bourne House, Reading, we estimate a market value of £236,035 and a rental value of £1,189 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £209,059 and £1,053 per month respectively.
Recent Market Change
Over the last year, Flat 5, Bourne House, Reading has seen its estimated sale value decline by £5,105 (2.3%) and its estimated rental value climb by £30 per month (2.6%). This results in an estimated gross rental yield of 6.0%.
Energy Efficiency
Flat 5, Bourne House, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Nov 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of Flat 5, Bourne House, Reading completed on 13th May 2022 at £248,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 15.4% over the period since May 2022.
- Sold May 2022£248,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 5, Bourne House, Reading have sold within a radius of 920 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th May 2022, was Flat 7, New Barn, Old Grange Close, Reading, RG31 7BY, a leasehold flat which sold for £270,000.
Read more about house prices in RG31.
- Sold May 2022£270,000 | 2 Bed FlatNew Barn, Old Grange CloseFlat 7, New Barn, Old Grange Close, Reading, RG31 7BY
- Sold Dec 2021£237,000 | 2 Bed FlatBourne House, Old Grange CloseFlat 2, Bourne House, Old Grange Close, Reading, RG31 7BZ
- Sold Dec 2021£245,000 | 2 Bed FlatBourne House, Old Grange CloseFlat 4, Bourne House, Old Grange Close, Reading, RG31 7BZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 27 addresses on Old Grange Close, Calcot, Reading, RG31, Flat 5, Bourne House, Reading comes out as the 23rd largest and the 24th most expensive in our analysis of the public data.
It is also £205k less expensive than the average property across the RG31 district.
More reading links
Schools Nearby
- 500mCalcot Infant School and Nursery
- 500mCalcot Junior School
- 1.4kmSpringfield Primary School
- 1.6kmLittle Heath School
- 2.0kmTheale Green School
- 2.9kmKing's Academy Prospect
More reading links
Public Transport Nearby
From Flat 5, Bourne House, Reading, the nearest station is Theale, 1.4 kilometres away.
- 1.4kmTheale
- 3.9kmTilehurst
- 4.3kmReading Green Park
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
