Flat 2, Projection West Merchants Place, Reading, RG1 1ET is a leasehold flat built between 2003-2006. The property offers approximately 527 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 £224,705 , which equates to approximately £426 per square foot. It was last sold on 18 Mar 2015 for £175,000. Since then, the value has increased by £49,705, representing a 28.4% increase, or approximately 2.6% per year.

The current estimated value of £224,705 is:

  • 16.6% lower than the average property price on Merchants Place
  • 19.4% lower than the average in the RG1 1ET postcode area
  • and 46.3% lower than the average price for Reading as a whole

At the most recent EPC inspection on 29 November 2008, the property was recorded as owner-occupied.

View sold house prices in RG1 1ET

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
527 sq ft
Tenure
Leasehold
Price (estimate)
£224,705
Price Per sq ft (estimate)
£426
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 2, Projection West Merchants Place, Reading, RG1 1ET has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 21 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 29 Nov 2008. The rating of C remains the same, but the energy efficiency score improved by 5.8%.

Since the previous assessment, several changes were observed:

  • The lighting was updated from low energy lighting in 30% of fixed outlets to no low energy lighting, with efficiency changing from average to very 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
Good
Lighting
No low energy lighting
Very Poor

Compared to RG1 1ET

41 st / 43
Price Rank
19% lower than average
29 th / 42
Size Rank
13% smaller than average
34 th / 42
Price Per Sq FT Rank
7% lower than average

Compared to other properties in RG1 1ET , this flat's estimated value ranks 41th out of 43. Based on price per square foot, it ranks 34th out of 42 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 29th out of 42 properties in its postcode area.

Sale History

Today
£224,705
streetscan.co.uk estimate
+28 %
18 Mar 2015
£175,000
Leasehold
+11.6 %
27 Nov 2006
£156,750
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 517 sq ft
sale price: £206,000
sale date: 4 Mar 2022
rooms: 2
size: 517 sq ft
sale price: £208,000
sale date: 11 Oct 2019
rooms: 2
size: 517 sq ft
sale price: £218,500
sale date: 27 Mar 2018
rooms: 2
size: 527 sq ft
sale price: £222,000
sale date: 12 Jan 2018
rooms: 2
size: 452 sq ft
sale price: £233,000
sale date: 8 Mar 2017

Data Sources

The property at Flat 2, 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 21 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.