Flat 1, 2 Drake Way, Reading, RG2 0GR is a leasehold flat built between 2003-2006. The property offers approximately 678 square feet of living space. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £250,202 , which equates to approximately £369 per square foot. It was last sold on 21 Feb 2018 for £240,000. Since then, the value has increased by £10,202, representing a 4.3% increase, or approximately 0.5% per year.

The current estimated value of £250,202 is:

  • 42.9% lower than the average property price on Drake Way
  • 6.0% lower than the average in the RG2 0GR postcode area
  • and 40.2% lower than the average price for Reading as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 13 December 2021, the property was recorded as owner-occupied.

View sold house prices in RG2 0GR

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
678 sq ft
Tenure
Leasehold
Price (estimate)
£250,202
Price Per sq ft (estimate)
£369
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 1, 2 Drake Way, Reading, RG2 0GR has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 13 Dec 2021.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 25 Nov 2008, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 6%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from very good to good, while the heating system type remained the same (boiler and radiators, mains gas).
  • The hot water energy efficiency changing from very good to good, while the system remained as from main system.
  • The lighting was updated from low energy lighting in 60% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from good to very good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to RG2 0GR

10 th / 19
Price Rank
6% lower than average
11 th / 18
Size Rank
3% bigger than average
15 th / 18
Price Per Sq FT Rank
9% lower than average

Compared to other properties in RG2 0GR , this flat's estimated value ranks 10th out of 19. Based on price per square foot, it ranks 15th out of 18 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 11th out of 18 properties in its postcode area.

Sale History

Today
£250,202
streetscan.co.uk estimate
+4 %
21 Feb 2018
£240,000
Leasehold
+52.4 %
25 Sep 2009
£157,500
Leasehold
-1.6 %
11 Dec 2006
£160,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 710 sq ft
sale price: £250,000
sale date: 20 Jul 2023
rooms: 3
size: 624 sq ft
sale price: £189,950
sale date: 15 Aug 2014
rooms: 3
size: 689 sq ft
sale price: £175,000
sale date: 20 Aug 2012
rooms: 3
size: 689 sq ft
sale price: £176,500
sale date: 19 Nov 2010
rooms: 3
size: 624 sq ft
sale price: £165,000
sale date: 5 Jan 2007

Data Sources

The property at Flat 1, 2 Drake Way, Reading, RG2 0GR appears three times in the Land Registry records, with the latest transaction recorded on 21 Feb 2018. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 13 Dec 2021. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.