Flat 21 Projection West Merchants Place

    FLAT 21 PROJECTION WEST, MERCHANTS PLACE, READING, RG1 1ET

    This flat/maisonette leasehold property on Merchants Place last sold in February 2021 for £250,000. Based on price growth in the RG1 district since then, its estimated current value is £229,326 — placing it in the 32nd percentile nationally and the 28th percentile within RG1. The property covers 49 m² (527 sq ft), giving an estimated value of £4,680 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    527 sq ft

    49 m²

    Last Sale Price

    £250,000

    Feb 2021

    Estimated Valuation

    £229,326

    Est. £/sq ft

    £435/sq ft

    £4,680/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms2
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area527 sq ft (49 m²)
    EPC dateMay 2019
    WallsCavity wall, as built, insulated (assumed)
    HeatingRoom heaters, electric

    Transaction History

    16 Feb 2021

    £250,000

    21 Mar 2007

    £225,000

    Key Metrics

    Estimated valuation£229,326
    Value per sq ft / m²£435/sq ft (£4,680/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RG1 district percentile28th percentile
    National percentile32nd percentile

    District Context — RG1

    RG1 covers central Reading, including the town centre and surrounding residential areas in Berkshire. It is a diverse, urban neighbourhood with strong rental activity and a younger demographic profile.

    Average Property Price - RG1

    £330,361

    51

    National percentile

    Average Net Household Income - RG1

    £22,316

    2

    National percentile

    10-Year Annualised Price Growth - RG1

    2.3%

    13

    National percentile

    10-Year Annualised Rent Growth - RG

    3.6%

    30

    National percentile

    View full analysis for RG1

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