Flat 8, 42
Flat 8, 42
Description & Estimates
According to the public record, Flat 8, 42, Market Place, Reading is a modern leasehold apartment with 333 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 8, 42, Market Place, Reading is £162,388 and the estimated rental value is £987 per month.
The apartment is within 42, Market Place, Reading, RG1.
Market Place, Reading, RG1 is located within the RG1 postal district.
Our Data Sources
Flat 8, 42, Market Place, Reading has a single entry in the Land Registry from July 2016 and a single entry in the EPC database dated January 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 8, 42, Market Place, Reading is in very good condition we estimate a sale value of £170,508 and a rental value of £1,036 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £151,021 and a rental value of £918 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 8, 42, Market Place, Reading has fallen by £1,970 (1.2%), while its estimated rental value has moved up by £32 per month (3.2%). Based on current estimates, the property offers a gross rental yield of 7.3%.
Energy Efficiency
Flat 8, 42, Market Place, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Jan 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Electric underfloor heating.
Sold Prices
According to HM Land Registry, Flat 8, 42, Market Place, Reading was last sold on 1st July 2016 for £192,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since July 2016, the market for similar properties has dropped by 19.9%.
- Sold Jul 2016£192,000
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 8, 42, Market Place, Reading within a radius of 390 metres over the last 2 years.
The most recent example is Flat 16, Il-Libro Court, Kings Road, Reading, RG1 3AF, a leasehold flat which sold for £160,000 on the 2nd December 2024.
Read more about house prices in RG1.
- Sold Dec 2024£160,000 | 1 Bed FlatIl-Libro Court, Kings RoadFlat 16, Il-Libro Court, Kings Road, Reading, RG1 3AF
- Sold Dec 2023£155,000 | 1 Bed Flat42, Market PlaceFlat 9, 42, Market Place, Reading, RG1 2DE
- Sold Nov 2018£179,000 | 1 Bed Flat42, Market PlaceFlat 3, 42, Market Place, Reading, RG1 2DE
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Market Place, Reading, RG1 has a total of 66 addresses. According to our analysis of all the public data, Flat 8, 42, Market Place, Reading is the 56th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £134k less expensive than the average property in RG1.
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Schools Nearby
- 700mKatesgrove Primary School
- 800mCivitas Academy
- 800mColey Primary School
- 600mKendrick School
- 1.3kmReading School
- 1.6kmRiver Academy
More reading links
Public Transport Nearby
The closest station to Flat 8, 42, Market Place, Reading is Reading station, which is 300 metres away.
- 300mReading
- 1.4kmReading West
- 3.8kmReading Green Park
Available Internet Speeds
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
According to recent data from Ofcom, Slow/none 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.
