Flat 7, Bourne House
Flat 7, Bourne House
Description & Estimates
Flat 7, Bourne House, Reading is recorded publicly as a modern leasehold apartment across 559 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 7, Bourne House, Reading is £242,410 and its rental estimate is £1,213 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 7, Bourne House, Reading has a single entry in the Land Registry from January 2023 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 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 7, Bourne House, Reading, we estimate a market value of £254,531 and a rental value of £1,274 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £225,442 and £1,129 per month respectively.
Recent Market Change
Over the last year, Flat 7, Bourne House, Reading has seen its estimated sale value fall by £5,505 (2.3%) and its estimated rental value move up by £32 per month (2.6%). This results in an estimated gross rental yield of 6.0%.
Energy Efficiency
Flat 7, Bourne House, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Mar 2021.
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 7, Bourne House, Reading completed on 11th January 2023 at £250,000 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 17.0% over the period since January 2023.
- Sold Jan 2023£250,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 7, 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 21st December 2021, was Flat 2, New Barn, Old Grange Close, Reading, RG31 7BY, a leasehold flat which sold for £264,000.
Read more about house prices in RG31.
- Sold Dec 2021£264,000 | 2 Bed FlatNew Barn, Old Grange CloseFlat 2, New Barn, Old Grange Close, Reading, RG31 7BY
- Sold Dec 2021£257,000 | 2 Bed FlatNew Barn, Old Grange CloseFlat 4, New Barn, Old Grange Close, Reading, RG31 7BY
- Sold Dec 2021£247,000 | 2 Bed FlatNew Barn, Old Grange CloseFlat 3, New Barn, Old Grange Close, Reading, RG31 7BY
•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 7, Bourne House, Reading comes out as the 17th largest and the 18th most expensive in our analysis of the public data.
It is also £188k 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 7, 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.
