Merchants Place, Reading, Berkshire, RG1
By Parkers Estate Agents
£ 180,000
Reviews
3 out of 5 stars
Parkers Estate Agents says ..
Offered to the market with no onward chain is this one bedroom apartment. Ideally located within walking distance of the mainline train station as well as the wide range of shops, restaurants, gyms and River Thames.
Property Oracle says ..
This one-bedroom apartment, situated in Reading’s Abbey area, presents a potentially attractive proposition for buyers. Its key strength lies in its excellent location, benefiting from close proximity to Reading train station, an array of amenities, and well-regarded schools. The apartment itself appears well-maintained, with a modern kitchen and bathroom. While the photos suggest it is clean and in generally good condition, prospective buyers should undertake a thorough inspection to assess its condition further. The lack of outdoor space is a notable limitation of this property, as is typical for city-centre apartments. Compared to nearby listings and street averages, the asking price shows value, though further research to verify the property’s square footage is crucial. The absence of plot size information prevents a definitive comparison in terms of price per square foot, and more information on comparable properties and their specifications would refine the overall assessment further. Overall, it’s an acceptable option for a first-time buyer or investor seeking convenience and accessibility in Reading’s central area.
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
- 7
- Location
- 9
- Land
- 1
- Bedrooms
- 1
- Bathrooms
- 1
- Sqft (est)
- 511.39
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
- 350,323.00 £Decreased by 1.18 %
- Est sale value
- 220,409.09 £Increased by 20.73 %
- Average area rental value
- 1,334.00 £/moDecreased by 2.49 %
- Est letting value
- 511.39 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.57 %Decreased by 1.30 %
- Crime Rate
- 31.00 %Unchanged by 0.00 %
Agent Activity
Parkers Estate Agents created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| E P Collier Primary School | Community School | Good | 0.70 KM |
| Civitas Academy | Academy Sponsor Led | Good | 0.86 KM |
| Katesgrove Primary School | Community School | Good | 0.89 KM |
| Coley Primary School | Community School | Good | 0.97 KM |
| Thameside Primary School | Community School | Good | 0.98 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Station Hill | £ 0 | 0 | 0.00 KM |
| Station Road | £ 273,750 | 0 | 0.00 KM |
| West Street | £ 0 | 0 | 0.00 KM |
| Minster Street | £ 0 | 0 | 0.00 KM |
| Market Place | £ 210,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Reading | 3149 | RDG | 0.22 KM |
| Reading West | 3160 | RDW | 1.88 KM |
| Earley | 5694 | EAR | 6.37 KM |
| Tilehurst | 3154 | TLH | 6.45 KM |
| Winnersh Triangle | 5698 | WTI | 9.34 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Merchants Place, Reading, Berkshire, RG1 | £ 180,000 | BUY | 6 / 10 | 0.00 KM |
| Merchants Place, Reading, Reading, RG1 | £ 180,000 | BUY | 5 / 10 | 0.01 KM |
| Merchants Place, Reading | £ 348,000 | BUY | 5 / 10 | 0.03 KM |
| Garrard Street, Reading | £ 150,000 | BUY | 6 / 10 | 0.05 KM |
| Merchants Place, Reading, RG1 | £ 200,000 | BUY | 5 / 10 | 0.06 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 6 Cross Street | £ 485,000 | 0.22 KM |
| 27 Cross Street | £ 825,000 | 0.27 KM |
| 24 Stanshawe Road | £ 395,000 | 0.36 KM |
| 26 Stanshawe Road | £ 232,500 | 0.36 KM |
| 13 Stanshawe Road | £ 212,000 | 0.36 KM |