Flat 40, Projection West Merchants Place, Reading, RG1 1ET is a leasehold flat built between 2003-2006. The property offers approximately 538 square feet of living space and is situated on the 7th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £247,592 , which equates to approximately £460 per square foot. It was last sold on 22 Aug 2014 for £185,000. Since then, the value has increased by £62,592, representing a 33.8% increase, or approximately 3.0% per year.

The current estimated value of £247,592 is:

  • 8.1% lower than the average property price on Merchants Place
  • 11.2% lower than the average in the RG1 1ET postcode area
  • and 40.8% 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 6 April 2021, the property was recorded as owner-occupied.

View sold house prices in RG1 1ET

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
538 sq ft
Tenure
Leasehold
Floor level
7th floor
Price (estimate)
£247,592
Price Per sq ft (estimate)
£460
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 40, Projection West Merchants Place, Reading, RG1 1ET has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 6 Apr 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 19 Jul 2010, when the property was rated C. Since then, the rating has improved to B, with the energy efficiency score increasing by 3.8%.

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 cavity wall, as built, insulated (assumed) to system built, 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 all fixed outlets, with efficiency improving from poor to very good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, off-peak
Poor
Walls
System built, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to RG1 1ET

26 th / 43
Price Rank
11% lower than average
24 th / 42
Size Rank
11% smaller than average
11 th / 42
Price Per Sq FT Rank
0% same as average

Compared to other properties in RG1 1ET , this flat's estimated value ranks 26th out of 43. Based on price per square foot, it ranks 11th 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 24th out of 42 properties in its postcode area.

Sale History

Today
£247,592
streetscan.co.uk estimate
+34 %
22 Aug 2014
£185,000
Leasehold
0 %
5 Jan 2007
£185,000
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: 538 sq ft
sale price: £242,500
sale date: 4 Jan 2017

Data Sources

The property at Flat 40, Projection West Merchants Place, Reading, RG1 1ET appears two times in the Land Registry records, with the latest transaction recorded on 22 Aug 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 6 Apr 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.