Merchants Place, Reading, Berkshire, RG1
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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 %
from 354,508.00 £
Est sale value
220,409.09 £
Increased by 20.73 %
from 182,566.23 £
Average area rental value
1,334.00 £/mo
Decreased by 2.49 %
from 1,368.00 £/mo
Est letting value
511.39 £/mo
Unchanged by 0.00 %
from 511.39 £/mo
Est rental Yield
4.57 %
Decreased by 1.30 %
from 4.63 %
Crime Rate
31.00 %
Unchanged by 0.00 %
from 31.00 %

Agent Activity

  • Parkers Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
E P Collier Primary SchoolCommunity SchoolGood0.70 KM
Civitas AcademyAcademy Sponsor LedGood0.86 KM
Katesgrove Primary SchoolCommunity SchoolGood0.89 KM
Coley Primary SchoolCommunity SchoolGood0.97 KM
Thameside Primary SchoolCommunity SchoolGood0.98 KM

Images

Picture No. 08 Picture No. 04 Picture No. 03 Picture No. 02 Picture No. 06 Picture No. 05

Nearby Streets

NameAverage PriceAverage SqftDistance
Station Hill £ 000.00 KM
Station Road £ 273,75000.00 KM
West Street £ 000.00 KM
Minster Street £ 000.00 KM
Market Place £ 210,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Reading3149RDG0.22 KM
Reading West3160RDW1.88 KM
Earley5694EAR6.37 KM
Tilehurst3154TLH6.45 KM
Winnersh Triangle5698WTI9.34 KM

Nearby Listings

AddressPriceTypeScoreDistance
Merchants Place, Reading, Berkshire, RG1 £ 180,000BUY6 / 100.00 KM
Merchants Place, Reading, Reading, RG1 £ 180,000BUY5 / 100.01 KM
Merchants Place, Reading £ 348,000BUY5 / 100.03 KM
Garrard Street, Reading £ 150,000BUY6 / 100.05 KM
Merchants Place, Reading, RG1 £ 200,000BUY5 / 100.06 KM

Nearby Properties

AddressPriceDistance
6 Cross Street £ 485,0000.22 KM
27 Cross Street £ 825,0000.27 KM
24 Stanshawe Road £ 395,0000.36 KM
26 Stanshawe Road £ 232,5000.36 KM
13 Stanshawe Road £ 212,0000.36 KM