Flat 7, Projection West Merchants Place, Reading, RG1 1ET is a leasehold flat built between 2003-2006. The property offers approximately 775 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £305,167 , which equates to approximately £394 per square foot. It was last sold on 24 Nov 2006 for £205,000. Since then, the value has increased by £100,167, representing a 48.9% increase, or approximately 2.6% per year.

The current estimated value of £305,167 is:

  • 13.3% higher than the average property price on Merchants Place
  • 9.5% higher than the average in the RG1 1ET postcode area
  • and 27.1% lower than the average price for Reading as a whole

At the most recent EPC inspection on 8 October 2008, 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
775 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£305,167
Price Per sq ft (estimate)
£394
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 7, Projection West Merchants Place, Reading, RG1 1ET has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 24 May 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 8 Oct 2008, when the property was rated C. Since then, the rating has improved to B, with the energy efficiency score increasing by 6.6%.

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 lighting was updated from low energy lighting in 17% of fixed outlets to low energy lighting in 40% of fixed outlets, with efficiency improving from poor to average.
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
Good
Lighting
Low energy lighting in 40% of fixed outlets
Average

Compared to RG1 1ET

21 st / 43
Price Rank
9% higher than average
2 nd / 42
Size Rank
28% bigger than average
42 nd / 42
Price Per Sq FT Rank
15% lower than average

Compared to other properties in RG1 1ET , this flat's estimated value ranks 21th out of 43. Based on price per square foot, it ranks 42th 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 2nd out of 42 properties in its postcode area.

Sale History

Today
£305,167
streetscan.co.uk estimate
+49 %
24 Nov 2006
£205,000
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: 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
rooms: 3
size: 743 sq ft
sale price: £285,000
sale date: 9 Dec 2015

Data Sources

The property at Flat 7, Projection West Merchants Place, Reading, RG1 1ET appears once in the Land Registry records, with the transaction recorded on 24 Nov 2006. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 24 May 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.