Drake Way, Reading, Berkshire, RG2
PR

Drake Way, Reading, Berkshire, RG2

By Prospect Estate Agency

£ 270,000

Reviews

3 out of 5 stars

Prospect Estate Agency says ..

No Onward Chain Complications Presented in impeccable condition throughout, this ground floor apartment is set in the heart of the ever-popular Kennet Island and has 980 years remaining on the lease. Ideal for first time buyers and investors alike, the well-planned ac...

Property Oracle says ..

This property is a two-bedroom, two-bathroom apartment located in Whitley, Reading. The apartment is modern and well-maintained, as seen in the provided images. The location is convenient, with nearby transportation links such as Reading West train station (2.98km) and Reading train station (3.02km), providing easy access to commuting routes. Several schools are also within a reasonable distance, including Whitley Park Primary and Nursery School (1.18km) and The Palmer Primary Academy (1.53km). While the property itself does not have a plot of land, the development appears well-maintained and offers parking facilities. The list price of £270,000 is slightly below the average price for the area (£317,942), and considering the modern condition and convenient location, it could be considered reasonable value. However, the average price per sqft in the area is £333, and this property is smaller than average at 690 sqft, which may influence the price.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
9
Location
8
Land
1
Bedrooms
2
Bathrooms
2
Sqft (est)
690.00

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
312,014.00 £
Increased by 7.46 %
from 290,359.00 £
Est sale value
278,070.00 £
Increased by 44.96 %
from 191,820.00 £
Average area rental value
1,599.00 £/mo
Decreased by 0.87 %
from 1,613.00 £/mo
Est letting value
1,380.00 £/mo
Increased by 100.00 %
from 690.00 £/mo
Est rental Yield
6.15 %
Decreased by 7.80 %
from 6.67 %
Crime Rate
13.00 %
Unchanged by 0.00 %
from 13.00 %

Agent Activity

  • Prospect Estate Agency created the listing.

Nearby Schools

NameTypeOfstedDistance
Oneschool Global Reading Senior CampusOther Independent School0.98 KM
Whitley Park Primary And Nursery SchoolCommunity SchoolRequires improvement1.18 KM
The Palmer Primary AcademyAcademy Sponsor LedGood1.53 KM
Whitley Children'S CentreChildren's Centre1.58 KM
New Christ Church Church Of England Primary SchoolAcademy Converter1.60 KM

Images

Picture No. 01 Picture No. 02 Picture No. 03 Picture No. 06 Picture No. 07 Picture No. 05 Picture No. 04

Nearby Streets

NameAverage PriceAverage SqftDistance
Drake Way cycle path £ 000.00 KM
Commercial Road £ 000.00 KM
Boulton Road £ 000.00 KM
Merrivale Gardens £ 000.00 KM
Hay Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Reading West3160RDW2.98 KM
Reading3149RDG3.02 KM
Earley5694EAR6.60 KM
Tilehurst3154TLH7.30 KM
Mortimer5501MOR9.30 KM

Nearby Listings

AddressPriceTypeScoreDistance
Drake Way, Reading, RG2 £ 280,000BUY5 / 100.00 KM
Drake Way, Reading, Berkshire, RG2 £ 270,000BUY6 / 100.00 KM
Drake Way, Reading, Berkshire £ 260,000BUY5 / 100.01 KM
Cygnet House, Drake Way, Reading £ 275,000BUY6 / 100.01 KM
Drake Way, Reading, Berkshire, RG2 £ 270,000BUY6 / 100.01 KM

Nearby Properties

AddressPriceDistance
3 Drake Way £ 293,0000.11 KM
9 Drake Way £ 293,0000.12 KM
5 Drake Way £ 192,5000.12 KM
11 Drake Way £ 220,0000.12 KM
7 Drake Way £ 200,0000.12 KM