Flat 1, Projection West Merchants Place, Reading, RG1 1ET is a leasehold flat built between 2003-2006. The property offers approximately 398 square feet of living space. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £269,647 , which equates to approximately £677 per square foot. It was last sold on 18 Mar 2015 for £210,000. Since then, the value has increased by £59,647, representing a 28.4% increase, or approximately 2.6% per year.

The current estimated value of £269,647 is:

  • 0.1% higher than the average property price on Merchants Place
  • 3.3% lower than the average in the RG1 1ET postcode area
  • and 35.6% lower than the average price for Reading as a whole

View sold house prices in RG1 1ET

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
398 sq ft
Tenure
Leasehold
Price (estimate)
£269,647
Price Per sq ft (estimate)
£677
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 1, Projection West Merchants Place, Reading, RG1 1ET has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 13 May 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 27 Oct 2008. The rating of C is unchanged, though the energy efficiency score decreased by 8.8%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to room heaters, electric, changing energy efficiency from poor to very poor.
  • The hot water energy efficiency changing from average to poor, while the system remained as electric immersion, off-peak.
  • The lighting was updated from low energy lighting in 50% of fixed outlets to low energy lighting in 13% of fixed outlets, with efficiency changing from good to poor.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, off-peak
Poor
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 13% of fixed outlets
Poor

Compared to RG1 1ET

28 th / 43
Price Rank
3% lower than average
42 nd / 42
Size Rank
34% smaller than average
1 st / 42
Price Per Sq FT Rank
47% higher than average

Compared to other properties in RG1 1ET , this flat's estimated value ranks 28th out of 43. Based on price per square foot, it ranks 1st out of 42 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 42th out of 42 properties in its postcode area.

Sale History

Today
£269,647
streetscan.co.uk estimate
+28 %
18 Mar 2015
£210,000
Leasehold
+47.4 %
27 Nov 2006
£142,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 452 sq ft
sale price: £233,000
sale date: 8 Mar 2017
rooms: 2
size: 452 sq ft
sale price: £155,000
sale date: 18 May 2012
rooms: 2
size: 409 sq ft
sale price: £150,350
sale date: 27 Nov 2006
rooms: 2
size: 452 sq ft
sale price: £108,563
sale date: 1 Mar 2007
rooms: 2
size: 431 sq ft
sale price: £153,550
sale date: 7 Sep 2006

Data Sources

The property at Flat 1, Projection West Merchants Place, Reading, RG1 1ET appears two times in the Land Registry records, with the latest transaction recorded on 18 Mar 2015. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 13 May 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.