Flat 3, Thorney House Drake Way, Reading, RG2 0GZ is a leasehold flat built between 2003-2006. The property offers approximately 495 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £87,889 , which equates to approximately £178 per square foot. It was last sold on 15 Dec 2014 for £68,000. Since then, the value has increased by £19,889, representing a 29.2% increase, or approximately 2.7% per year.

The current estimated value of £87,889 is:

  • 79.9% lower than the average property price on Drake Way
  • 47.6% lower than the average in the RG2 0GZ postcode area
  • and 79.0% lower than the average price for Reading as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 30 September 2020, the property was recorded as owner-occupied.

View sold house prices in RG2 0GZ

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
495 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£87,889
Price Per sq ft (estimate)
£178
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 3, Thorney House Drake Way, Reading, RG2 0GZ has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 30 Sep 2020.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 30 Apr 2010, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 9.3%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from very good to good, while the heating system type remained the same (boiler and radiators, mains gas).
  • The hot water energy efficiency changing from very good to good, while the system remained as from main system.
  • The lighting was changed from low energy lighting in 83% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to RG2 0GZ

37 th / 40
Price Rank
48% lower than average
37 th / 39
Size Rank
15% smaller than average
33 rd / 39
Price Per Sq FT Rank
39% lower than average

Compared to other properties in RG2 0GZ , this flat's estimated value ranks 37th out of 40. Based on price per square foot, it ranks 33th out of 39 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 37th out of 39 properties in its postcode area.

Sale History

Today
£87,889
streetscan.co.uk estimate
+29 %
15 Dec 2014
£68,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 560 sq ft
sale price: £215,000
sale date: 19 Jul 2024
rooms: 2
size: 506 sq ft
sale price: £72,000
sale date: 23 Nov 2022
rooms: 2
size: 560 sq ft
sale price: £82,500
sale date: 28 Jan 2022
rooms: 2
size: 560 sq ft
sale price: £170,000
sale date: 21 Jan 2022
rooms: 2
size: 506 sq ft
sale price: £170,000
sale date: 30 Sep 2021

Data Sources

The property at Flat 3, Thorney House Drake Way, Reading, RG2 0GZ appears once in the Land Registry records, with the transaction recorded on 15 Dec 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 30 Sep 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.