Flat 29, Projection West Merchants Place, Reading, RG1 1ET is a leasehold flat built between 2003-2006. The property offers approximately 506 square feet of living space and is situated on the 5th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £259,314 , which equates to approximately £513 per square foot. It was last sold on 13 Nov 2015 for £224,950. Since then, the value has increased by £34,364, representing a 15.3% increase, or approximately 1.5% per year.

The current estimated value of £259,314 is:

  • 3.7% lower than the average property price on Merchants Place
  • 7.0% lower than the average in the RG1 1ET postcode area
  • and 38.0% 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
506 sq ft
Tenure
Leasehold
Floor level
5th floor
Price (estimate)
£259,314
Price Per sq ft (estimate)
£513
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 29, Projection West Merchants Place, Reading, RG1 1ET has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 23 Jun 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 7 Apr 2010, when the property was rated C. Since then, the rating has improved to B, with the energy efficiency score increasing by 2.5%.

Since the previous assessment, several changes were observed:

  • 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 timber frame, 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 27% of fixed outlets to low energy lighting in 23% of fixed outlets, with efficiency changing from average 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
Good
Lighting
Low energy lighting in 23% of fixed outlets
Poor

Compared to RG1 1ET

31 st / 43
Price Rank
7% lower than average
37 th / 42
Size Rank
16% smaller than average
9 th / 42
Price Per Sq FT Rank
11% higher than average

Compared to other properties in RG1 1ET , this flat's estimated value ranks 31th out of 43. Based on price per square foot, it ranks 9th 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 37th out of 42 properties in its postcode area.

Sale History

Today
£259,314
streetscan.co.uk estimate
+15 %
13 Nov 2015
£224,950
Leasehold
+27.1 %
21 Dec 2006
£177,000
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 29, Projection West Merchants Place, Reading, RG1 1ET appears two times in the Land Registry records, with the latest transaction recorded on 13 Nov 2015. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 23 Jun 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.