Flat 8, Bourne House
Flat 8, Bourne House
Description & Estimates
Public records show Flat 8, Bourne House, Reading to be a modern leasehold apartment with 807 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
Flat 8, Bourne House, Reading has an estimated sale value of £300,855 and an estimated rental value of £1,525 per month, assuming reasonable condition and based on the information available.
The apartment sits within Bourne House, Old Grange Close, Calcot, Reading, RG31.
Old Grange Close, Calcot, Reading, RG31 lies within the RG31 postal district.
Our Data Sources
Flat 8, Bourne House, 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.
Price Range & Condition
In very good condition, we estimate Flat 8, Bourne House, Reading would be worth £315,898, with a potential rental value of £1,601 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £279,795, with a rental value of £1,418 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 8, Bourne House, Reading has moved down by £10,769 (3.6%) over the last year. During the same period, its estimated monthly rental value has increased by £10 (0.6%). The property's estimated gross yield is currently 6.1%.
Energy Efficiency
Flat 8, 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
Flat 8, Bourne House, Reading last changed hands on 20th December 2021, selling for £297,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 23.0% since December 2021.
- Sold Dec 2021£297,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 920 metres of Flat 8, Bourne House, Reading across the last 2 years.
Most recently, 1 New Barn, Old Grange Close, Reading, RG31 7BY, a leasehold flat, sold at £305,000 on the 21st December 2022.
Read more about house prices in RG31.
- Sold Dec 2022£305,000 | 2 Bed FlatOld Grange Close1 New Barn, Old Grange Close, Reading, RG31 7BY
- Sold Mar 2022£292,000 | 2 Bed FlatBourne House, Old Grange CloseFlat 6, Bourne House, Old Grange Close, Reading, RG31 7BZ
- Sold Dec 2021£288,000 | 2 Bed FlatNew Barn, Old Grange CloseFlat 5, 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
Our analysis of the public data ranks Flat 8, Bourne House, Reading as the 7th largest and the 10th most expensive of the 27 addresses on Old Grange Close, Calcot, Reading, RG31.
Against the RG31 postcode district average, it is £129k less expensive than the typical property.
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
Theale station is the nearest stop to Flat 8, Bourne House, Reading at 1.4 kilometres away.
- 1.4kmTheale
- 3.9kmTilehurst
- 4.3kmReading Green Park
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
