Flat 7, 40 Road
Flat 7, 40 Road
Description & Estimates
According to the public record, Flat 7, 40 Road, Reading is a period leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 7, 40 Road, Reading is £297,687 and the estimated rental value is £1,443 per month.
The apartment is within 40, London Road, Reading, RG1.
London Road, Reading, RG1 is located within the RG1 postal district.
Our Data Sources
Flat 7, 40 Road, Reading has a single entry in the Land Registry from November 2017 and a single entry in the EPC database dated June 2017.
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
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 7, 40 Road, Reading is in very good condition we estimate a sale value of £312,571 and a rental value of £1,515 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £276,849 and a rental value of £1,342 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 7, 40 Road, Reading has dropped by £7,945 (2.7%), while its estimated rental value has risen by £26 per month (1.8%). Based on current estimates, the property offers a gross rental yield of 5.8%.
Energy Efficiency
Flat 7, 40 Road, Reading has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Jun 2017.
The property is not connected to mains gas and has full secondary glazing. It is heated using Room heaters, electric.
Sold Prices
According to HM Land Registry, Flat 7, 40 Road, Reading was last sold on 3rd November 2017 for £355,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since November 2017, the market for similar properties has dropped by 16.2%.
- Sold Nov 2017£355,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, 40 Road, Reading within a radius of 380 metres over the last 2 years.
The most recent example is Flat 8, 36, London Road, Reading, RG1 5AG, a leasehold flat which sold for £270,000 on the 10th June 2024.
Read more about house prices in RG1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
London Road, Reading, RG1 has a total of 508 addresses. According to our analysis of all the public data, Flat 7, 40 Road, Reading is the 171st largest and the 131st most expensive property on the street.
When compared to the postcode district it is £1k more expensive than the average property in RG1.
More reading links
Schools Nearby
- 700mKatesgrove Primary School
- 800mSt John's Church of England Primary School
- 900mNew Christ Church Church of England Primary School
- 100mKendrick School
- 600mReading School
- 1.6kmMaiden Erlegh School in Reading
More reading links
Public Transport Nearby
The closest station to Flat 7, 40 Road, Reading is Reading station, which is 1.0 kilometres away.
- 1.0kmReading
- 2.0kmReading West
- 3.3kmEarley
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
