Flat 42, Projection West Merchants Place, Reading, RG1 1ET is a leasehold flat built between 1991-1995. The property offers approximately 581 square feet of living space and is situated on the 8th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £326,516 , which equates to approximately £562 per square foot. It was last sold on 12 Feb 2007 for £225,000. Since then, the value has increased by £101,516, representing a 45.1% increase, or approximately 2.4% per year.

The current estimated value of £326,516 is:

  • 21.3% higher than the average property price on Merchants Place
  • 17.1% higher than the average in the RG1 1ET postcode area
  • and 22.0% lower than the average price for Reading as a whole

At the most recent EPC inspection on 15 April 2009, the property was recorded as owner-occupied.

View sold house prices in RG1 1ET

Building approximate location

About Property

Type
Flat
Built
1991-1995
Interior Size
581 sq ft
Tenure
Leasehold
Floor level
8th floor
Price (estimate)
£326,516
Price Per sq ft (estimate)
£562
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 42, Projection West Merchants Place, Reading, RG1 1ET has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 18 Jul 2019.

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 15 Apr 2009. The rating of C is unchanged, though the energy efficiency score decreased by 12.7%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from average 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 roof energy efficiency changing from good to average, with the construction or insulation remaining flat, insulated (assumed).
  • The lighting was updated from low energy lighting in 11% of fixed outlets to no low energy lighting, with efficiency changing from poor to very poor.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, off-peak
Poor
Roof
Flat, insulated (assumed)
Average
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
No low energy lighting
Very Poor

Compared to RG1 1ET

10 th / 43
Price Rank
17% higher than average
22 nd / 42
Size Rank
4% smaller than average
5 th / 42
Price Per Sq FT Rank
22% higher than average

Compared to other properties in RG1 1ET , this flat's estimated value ranks 10th out of 43. Based on price per square foot, it ranks 5th 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 22th out of 42 properties in its postcode area.

Sale History

Today
£326,516
streetscan.co.uk estimate
+45 %
12 Feb 2007
£225,000
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: 3
size: 657 sq ft
sale price: £259,000
sale date: 23 Sep 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

Data Sources

The property at Flat 42, Projection West Merchants Place, Reading, RG1 1ET appears once in the Land Registry records, with the transaction recorded on 12 Feb 2007. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 18 Jul 2019. 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.