Park Lane, Tilehurst, Reading
VI

Park Lane, Tilehurst, Reading

By Village Properties

£ 150,000

Reviews

2 out of 5 stars

Village Properties says ..

VP - NO ONWARD CHAIN! Presented to the market is this one double bedroom retirement flat in the ever popular 'Pegasus Court' retirement development off Park Lane, within very easy reach of the village centre enjoying all the amenities including banks, bakers, coffee shops etc, plus the f...

Property Oracle says ..

This one-bedroom retirement flat located in Tilehurst, Reading, offers a convenient and relatively affordable entry point into the Reading property market. The property itself is situated on Park Lane, providing easy access to the village’s amenities and transport links. Tilehurst benefits from being relatively close to Reading town centre, while still maintaining a more residential, less busy atmosphere. Nearby schools are highly rated, making it an attractive option for families and retirees alike. The property itself benefits from being in a well-maintained complex. While the interior finishes are dated, the property appears to be in good structural and functional condition. The absence of outdoor space, a common limitation in retirement flats, is to be expected, but it may limit the appeal to buyers seeking a private garden. Considering comparable properties in the area, the asking price is relatively reasonable for a retirement property of this type and location, especially given the current market conditions. However, this value is to be considered relative, as the property is smaller and more basic than the surrounding homes, which are far larger and many are detached. Overall, this property offers a practical solution for those looking for a low-maintenance, convenient home in Tilehurst, though it might not appeal to buyers wanting large communal gardens and a more contemporary living space.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
2
Bedrooms
1
Bathrooms
1
Sqft (est)
450.04

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
426,364.00 £
Increased by 9.44 %
from 389,602.00 £
Est sale value
183,616.32 £
Increased by 3.29 %
from 177,765.80 £
Average area rental value
1,675.00 £/mo
Increased by 16.00 %
from 1,444.00 £/mo
Est letting value
450.04 £/mo
Unchanged by 0.00 %
from 450.04 £/mo
Est rental Yield
4.71 %
Increased by 5.84 %
from 4.45 %
Crime Rate
8.00 %
Unchanged by 0.00 %
from 8.00 %

Agent Activity

  • Village Properties created the listing.

Nearby Schools

NameTypeOfstedDistance
Park Lane Primary SchoolCommunity SchoolGood0.29 KM
St Paul'S Catholic Primary SchoolVoluntary Aided SchoolGood0.60 KM
Birch Copse Primary SchoolCommunity SchoolOutstanding0.64 KM
Springfield Primary SchoolCommunity SchoolGood1.06 KM
Blagrave Nursery SchoolLocal Authority Nursery SchoolOutstanding1.14 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Hayfield Close £ 000.00 KM
Boundary Close £ 450,00000.00 KM
Hazelwood Close £ 457,50000.00 KM
Ashbury Drive £ 000.00 KM
Maple Drive £ 925,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Tilehurst3154TLH2.49 KM
Theale3153THE4.08 KM
Pangbourne3036PAN5.99 KM
Reading West3160RDW6.12 KM
Reading3149RDG8.15 KM

Nearby Listings

AddressPriceTypeScoreDistance
Park Lane, Tilehurst, Reading £ 150,000BUY5 / 100.00 KM
Park Lane, Tilehurst, Reading, Berkshire, RG31 £ 410,000BUY6 / 100.04 KM
Park Lane, Tilehurst, Reading, RG31 £ 625,000BUY6 / 100.10 KM
Park Lane, Tilehurst, Reading, Berkshire, RG31 £ 550,000BUY5 / 100.10 KM
Sheppard Court, Chieveley Close, Tilehurst, Reading £ 125,000BUY5 / 100.12 KM

Nearby Properties

AddressPriceDistance
24 Park Lane £ 205,0000.07 KM
22 Park Lane £ 246,0000.07 KM
83 Park Lane £ 450,0000.11 KM
75 Park Lane £ 436,0000.11 KM
61 Park Lane £ 610,0000.11 KM