Flat 31, Projection West Merchants Place, Reading, RG1 1ET is a leasehold flat built between 2003-2006. The property offers approximately 743 square feet of living space and is situated on the 6th floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £316,452 , which equates to approximately £426 per square foot. It was last sold on 14 Mar 2014 for £220,000. Since then, the value has increased by £96,452, representing a 43.8% increase, or approximately 3.7% per year.

The current estimated value of £316,452 is:

  • 17.5% higher than the average property price on Merchants Place
  • 13.5% higher than the average in the RG1 1ET postcode area
  • and 24.4% 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
743 sq ft
Tenure
Leasehold
Floor level
6th floor
Price (estimate)
£316,452
Price Per sq ft (estimate)
£426
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 31, Projection West Merchants Place, Reading, RG1 1ET has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 11 Aug 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 12 Jul 2010. The rating of C remains the same, but the energy efficiency score improved by 5.6%.

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 24% of fixed outlets to low energy lighting in 33% 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 33% of fixed outlets
Average

Compared to RG1 1ET

16 th / 43
Price Rank
14% higher than average
7 th / 42
Size Rank
23% bigger than average
37 th / 42
Price Per Sq FT Rank
7% lower than average

Compared to other properties in RG1 1ET , this flat's estimated value ranks 16th out of 43. Based on price per square foot, it ranks 37th 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 7th out of 42 properties in its postcode area.

Sale History

Today
£316,452
streetscan.co.uk estimate
+44 %
14 Mar 2014
£220,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 786 sq ft
sale price: £250,000
sale date: 16 Feb 2021
rooms: 3
size: 657 sq ft
sale price: £259,000
sale date: 23 Sep 2019
rooms: 3
size: 678 sq ft
sale price: £260,000
sale date: 11 Feb 2019
rooms: 3
size: 660 sq ft
sale price: £280,000
sale date: 21 Jul 2017
rooms: 3
size: 732 sq ft
sale price: £280,000
sale date: 13 Apr 2017

Data Sources

The property at Flat 31, Projection West Merchants Place, Reading, RG1 1ET appears once in the Land Registry records, with the transaction recorded on 14 Mar 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 11 Aug 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.