Flat 2, Projection East Merchants Place, Reading, RG1 1EG is a leasehold flat built between 2003-2006. The property offers approximately 463 square feet of living space and is situated on the 6th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £243,727 , which equates to approximately £527 per square foot. It was last sold on 22 Sep 2006 for £160,000. Since then, the value has increased by £83,727, representing a 52.3% increase, or approximately 2.7% per year.

The current estimated value of £243,727 is:

  • 9.5% lower than the average property price on Merchants Place
  • 10.2% lower than the average in the RG1 1EG postcode area
  • and 41.8% 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
463 sq ft
Tenure
Leasehold
Floor level
6th floor
Price (estimate)
£243,727
Price Per sq ft (estimate)
£527
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 2, Projection East Merchants Place, Reading, RG1 1EG has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 14 Jan 2020.

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 15 Jan 2010, when the property was rated C. Since then, the rating has improved to B, with the energy efficiency score increasing by 5%.

Since the previous assessment, several changes were observed:

  • The wall construction or insulation changed from system built, as built, insulated (assumed) to cavity wall, as built, insulated (assumed), with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 22% of fixed outlets to low energy lighting in 36% of fixed outlets, with efficiency improving from poor to average.
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
Good
Lighting
Low energy lighting in 36% of fixed outlets
Average

Compared to RG1 1EG

24 th / 28
Price Rank
10% lower than average
24 th / 26
Size Rank
23% smaller than average
4 th / 26
Price Per Sq FT Rank
16% higher than average

Compared to other properties in RG1 1EG , this flat's estimated value ranks 24th out of 28. Based on price per square foot, it ranks 4th out of 26 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 24th out of 26 properties in its postcode area.

Sale History

Today
£243,727
streetscan.co.uk estimate
+52 %
22 Sep 2006
£160,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 463 sq ft
sale price: £189,995
sale date: 19 Dec 2014
rooms: 2
size: 527 sq ft
sale price: £151,800
sale date: 23 Aug 2013
rooms: 2
size: 527 sq ft
sale price: £175,000
sale date: 27 Sep 2006
rooms: 2
size: 431 sq ft
sale price: £153,550
sale date: 7 Sep 2006
rooms: 2
size: 527 sq ft
sale price: £153,500
sale date: 7 Sep 2006

Data Sources

The property at Flat 2, Projection East Merchants Place, Reading, RG1 1EG appears once in the Land Registry records, with the transaction recorded on 22 Sep 2006. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 14 Jan 2020. 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.