Flat 8, The Faculty 23-27
Flat 8, The Faculty 23-27
Description & Estimates
According to the public record, Flat 8, The Faculty 23-27, Reading is a modern apartment with 721 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 8, The Faculty 23-27, Reading is £164,877 and the estimated rental value is £1,020 per month.
The apartment is within The Faculty, London Road, Reading, RG1.
London Road, Reading, RG1 is located within the RG1 postal district.
Our Data Sources
Flat 8, The Faculty 23-27, Reading has no records in the the Land Registry and a single entry in the EPC database dated October 2018.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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, The Faculty 23-27, Reading is in very good condition we estimate a sale value of £173,121 and a rental value of £1,071 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £153,336 and a rental value of £949 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 8, The Faculty 23-27, Reading has fallen by £4,400 (2.7%), while its estimated rental value has moved up by £18 per month (1.8%). Based on current estimates, the property offers a gross rental yield of 7.4%.
Energy Efficiency
Flat 8, The Faculty 23-27, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Oct 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, electric.
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, The Faculty 23-27, Reading within a radius of 310 metres over the last 2 years.
The most recent example is Flat 4, 70, London Street, Reading, RG1 4SJ, a leasehold flat which sold for £196,500 on the 3rd January 2024.
Read more about house prices in RG1.
- Sold Jan 2024£196,500 | 2 Bed Flat70, London StreetFlat 4, 70, London Street, Reading, RG1 4SJ
- Sold Aug 2022£270,000 | 2 Bed FlatEast View Place, East StreetFlat 3, East View Place, East Street, Reading, RG1 4AW
- Sold Jan 2021£250,000 | 2 Bed FlatEast View Place, East StreetFlat 21, East View Place, East Street, Reading, RG1 4AW
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
London Road, Reading, RG1 has a total of 508 addresses. According to our analysis of all the public data, Flat 8, The Faculty 23-27, Reading is the 193rd largest and the 379th most expensive property on the street.
When compared to the postcode district it is £131k less expensive than the average property in RG1.
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Schools Nearby
- 400mKatesgrove Primary School
- 800mNew Christ Church Church of England Primary School
- 800mColey Primary School
- 200mKendrick School
- 900mReading School
- 1.7kmReading Girls' School
More reading links
Public Transport Nearby
The closest station to Flat 8, The Faculty 23-27, Reading is Reading station, which is 900 metres away.
- 900mReading
- 1.7kmReading West
- 3.5kmEarley
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.
