Flat 35, Projection West Merchants Place, Reading, RG1 1ET is a leasehold flat built between 1996-2002. The property offers approximately 527 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 £255,811 , which equates to approximately £485 per square foot. It was last sold on 2 Oct 2015 for £218,000. Since then, the value has increased by £37,811, representing a 17.3% increase, or approximately 1.7% per year.

The current estimated value of £255,811 is:

  • 5.0% lower than the average property price on Merchants Place
  • 8.2% lower than the average in the RG1 1ET postcode area
  • and 38.9% lower than the average price for Reading as a whole

At the most recent EPC inspection on 18 October 2021, the property was recorded as rented.

View sold house prices in RG1 1ET

Building approximate location

About Property

Type
Flat
Built
1996-2002
Interior Size
527 sq ft
Tenure
Leasehold
Floor level
6th floor
Price (estimate)
£255,811
Price Per sq ft (estimate)
£485
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 35, Projection West Merchants Place, Reading, RG1 1ET has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 18 Oct 2021.

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 30 Nov 2011, 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 main heating energy efficiency changing from poor to very poor, while the heating system type remained the same (room heaters, electric).
  • 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 20% of fixed outlets to low energy lighting in 57% of fixed outlets, with efficiency improving from poor to good.
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
Average
Lighting
Low energy lighting in 57% of fixed outlets
Good

Compared to RG1 1ET

29 th / 43
Price Rank
8% lower than average
30 th / 42
Size Rank
13% smaller than average
12 th / 42
Price Per Sq FT Rank
5% higher than average

Compared to other properties in RG1 1ET , this flat's estimated value ranks 29th out of 43. Based on price per square foot, it ranks 12th 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 30th out of 42 properties in its postcode area.

Sale History

Today
£255,811
streetscan.co.uk estimate
+17 %
2 Oct 2015
£218,000
Leasehold
+21.1 %
15 Dec 2006
£180,000
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 35, Projection West Merchants Place, Reading, RG1 1ET appears two times in the Land Registry records, with the latest transaction recorded on 2 Oct 2015. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 18 Oct 2021. 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.