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Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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Flat 6, New Barn, Reading is recorded publicly as a modern leasehold apartment across 592 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 6, New Barn, Reading is £254,261 and its rental estimate is £1,270 per month, given the available information and assuming reasonable condition.
New Barn, Old Grange Close is a residential building on Old Grange Close, Calcot, Reading, RG31 and falls within the RG31 postal district.
Flat 6, New Barn, Reading has a single entry in the Land Registry from December 2021 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.
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 6, New Barn, Reading, we estimate a market value of £266,974 and a rental value of £1,333 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £236,462 and £1,181 per month respectively.
Over the last year, Flat 6, New Barn, Reading has seen its estimated sale value decrease by £5,774 (2.3%) and its estimated rental value grow by £33 per month (2.6%). This results in an estimated gross rental yield of 6.0%.
Flat 6, New Barn, 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.
The most recent sale of Flat 6, New Barn, Reading completed on 22nd December 2021 at £245,000 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 11.9% over the period since December 2021.
Over the past 2 years 3 properties similar to Flat 6, New Barn, Reading have sold within a radius of 930 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th January 2023, was Flat 7, Bourne House, Old Grange Close, Reading, RG31 7BZ, a leasehold flat which sold for £250,000.
Read more about house prices in RG31.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 27 addresses on Old Grange Close, Calcot, Reading, RG31, Flat 6, New Barn, Reading comes out as the 15th largest and the 16th most expensive in our analysis of the public data.
It is also £176k less expensive than the average property across the RG31 district.
From Flat 6, New Barn, Reading, the nearest station is Theale, 1.4 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 6, New Barn, Reading, 42.4% of property is privately owned with a mortgage and 41.1% is privately owned outright.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 6, New Barn, Reading, 15.7% of residents are recorded as possessing school level qualifications and 33.3% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 6, New Barn, Reading, the average age was 40.7 and the most common age was 32.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 6, New Barn, Reading, 0.5% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 6, New Barn, Reading, there are an average of 1.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.
