Flat 4, 1 Drake Way, Reading, RG2 0GR is a leasehold flat built between 2007-2011. The property offers approximately 732 square feet of living space and is situated on the 3rd floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £248,966 , which equates to approximately £340 per square foot. It was last sold on 21 Dec 2006 for £167,500. Since then, the value has increased by £81,466, representing a 48.6% increase, or approximately 2.6% per year.

The current estimated value of £248,966 is:

  • 43.2% lower than the average property price on Drake Way
  • 6.4% lower than the average in the RG2 0GR postcode area
  • and 40.5% lower than the average price for Reading as a whole

At the most recent EPC inspection on 20 June 2023, the property was recorded as rented.

View sold house prices in RG2 0GR

Building approximate location

About Property

Type
Flat
Built
2007-2011
Interior Size
732 sq ft
Tenure
Leasehold
Floor level
3rd floor
Price (estimate)
£248,966
Price Per sq ft (estimate)
£340
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 4, 1 Drake Way, Reading, RG2 0GR has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 20 Jun 2023.

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.

Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, insulated (assumed)
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 89% of fixed outlets
Very Good

Compared to RG2 0GR

13 th / 19
Price Rank
6% lower than average
6 th / 18
Size Rank
11% bigger than average
17 th / 18
Price Per Sq FT Rank
16% lower than average

Compared to other properties in RG2 0GR , this flat's estimated value ranks 13th out of 19. Based on price per square foot, it ranks 17th out of 18 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 6th out of 18 properties in its postcode area.

Sale History

Today
£248,966
streetscan.co.uk estimate
+49 %
21 Dec 2006
£167,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 710 sq ft
sale price: £250,000
sale date: 20 Jul 2023
rooms: 3
size: 678 sq ft
sale price: £240,000
sale date: 21 Feb 2018
rooms: 3
size: 624 sq ft
sale price: £189,950
sale date: 15 Aug 2014
rooms: 3
size: 689 sq ft
sale price: £175,000
sale date: 20 Aug 2012
rooms: 3
size: 689 sq ft
sale price: £176,500
sale date: 19 Nov 2010

Data Sources

The property at Flat 4, 1 Drake Way, Reading, RG2 0GR appears once in the Land Registry records, with the transaction recorded on 21 Dec 2006. It also has a single Energy Performance Certificate (EPC) from 20 Jun 2023. 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.