Flat 41, 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 8th floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £336,057 , which equates to approximately £452 per square foot. It was last sold on 2 May 2007 for £235,000. Since then, the value has increased by £101,057, representing a 43.0% increase, or approximately 2.3% per year.

The current estimated value of £336,057 is:

  • 24.8% higher than the average property price on Merchants Place
  • 20.6% higher than the average in the RG1 1ET postcode area
  • and 19.7% 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
8th floor
Price (estimate)
£336,057
Price Per sq ft (estimate)
£452
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 41, Projection West Merchants Place, Reading, RG1 1ET has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 21 Jan 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 17 Dec 2009, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 13.1%.

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 92% of fixed outlets to low energy lighting in 53% of fixed outlets, with efficiency changing from very good to good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, off-peak
Poor
Roof
Flat, insulated (assumed)
Good
Walls
System built, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 53% of fixed outlets
Good

Compared to RG1 1ET

3 rd / 43
Price Rank
21% higher than average
6 th / 42
Size Rank
23% bigger than average
31 st / 42
Price Per Sq FT Rank
2% lower than average

Compared to other properties in RG1 1ET , this flat's estimated value ranks 3rd out of 43. Based on price per square foot, it ranks 31th 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 6th out of 42 properties in its postcode area.

Sale History

Today
£336,057
streetscan.co.uk estimate
+43 %
2 May 2007
£235,000
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 41, Projection West Merchants Place, Reading, RG1 1ET appears once in the Land Registry records, with the transaction recorded on 2 May 2007. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 21 Jan 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.