Flat 1, Projection East Merchants Place, Reading, RG1 1EG 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 £256,799 , which equates to approximately £379 per square foot. It was last sold on 11 Jul 2014 for £189,000. Since then, the value has increased by £67,799, representing a 35.9% increase, or approximately 3.1% per year.

The current estimated value of £256,799 is:

  • 4.6% lower than the average property price on Merchants Place
  • 5.4% lower than the average in the RG1 1EG postcode area
  • and 38.6% lower than the average price for Reading as a whole

View sold house prices in RG1 1EG

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
678 sq ft
Tenure
Leasehold
Price (estimate)
£256,799
Price Per sq ft (estimate)
£379
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 1, Projection East Merchants Place, Reading, RG1 1EG has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 14 Aug 2019.

This property uses electric room heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 9 Feb 2009, when the property was rated C. The current rating of D reflects a decline in energy efficiency of 16.5%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from average to very poor, while the heating system type remained the same (room heaters, electric).
  • The hot water energy efficiency changing from average to poor, while the system remained as electric immersion, off-peak.
  • The wall construction or insulation changed from cavity wall, as built, insulated (assumed) to system built, as built, insulated (assumed), with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 15% of fixed outlets to no low energy lighting, with efficiency changing from poor to very poor.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, off-peak
Poor
Walls
System built, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
No low energy lighting
Very Poor

Compared to RG1 1EG

12 th / 28
Price Rank
5% lower than average
3 rd / 26
Size Rank
13% bigger than average
24 th / 26
Price Per Sq FT Rank
17% lower than average

Compared to other properties in RG1 1EG , this flat's estimated value ranks 12th out of 28. Based on price per square foot, it ranks 24th out of 26 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 3rd out of 26 properties in its postcode area.

Sale History

Today
£256,799
streetscan.co.uk estimate
+36 %
11 Jul 2014
£189,000
Leasehold
-0.5 %
13 Oct 2006
£190,000
Leasehold

Area Insights

Similar Properties Sold Nearby

Flat 4, Projection East Merchants Place, Reading, RG1 1EG
rooms: 3
size: 635 sq ft
sale price: £275,000
sale date: 7 Mar 2017
Flat 10, Projection East Merchants Place, Reading, RG1 1EG
rooms: 3
size: 614 sq ft
sale price: £220,000
sale date: 19 Aug 2015
Flat 19, Projection East Merchants Place, Reading, RG1 1EG
rooms: 3
size: 635 sq ft
sale price: £175,000
sale date: 17 Apr 2014
Flat 5, Projection East Merchants Place, Reading, RG1 1EG
rooms: 3
size: 657 sq ft
sale price: £195,000
sale date: 3 Nov 2006
Flat 7, Projection East Merchants Place, Reading, RG1 1EG
rooms: 3
size: 678 sq ft
sale price: £194,500
sale date: 10 Oct 2006

Data Sources

The property at Flat 1, Projection East Merchants Place, Reading, RG1 1EG appears two times in the Land Registry records, with the latest transaction recorded on 11 Jul 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 14 Aug 2019. 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.
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