Housing Market Analysis for MERCHANTS PLACE, RG1 1ET

Are you looking to understand RG1 1ET house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Reading postcode.

For the location information and nearby amenities in the RG1 1ET area, explore the RG1 1ET Area information page.
For comprehensive crime statistics in the RG1 1ET area, explore the RG1 1ET Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the RG1 1ET postcode area, The average prices are as follows,

Flat
- The average price is around £206,244 median price is £209,950 Standard Deviation is £32,692 with Total Sold: 66
- The Last 5 Year average price is £236,600 with Total Sold: 5
- The most recent sale happened at this postcode is FLAT 34, PROJECTION WEST MERCHANTS PLACE: £206,000 (Sold on 04 Mar 2022)
- The first recorded sale happened at this postcode is FLAT 19, PROJECTION WEST MERCHANTS PLACE: £163,000 (Sold on 20 Nov 2006)

Sold Price Trend Over the Years:

Below table and chart gives the average RG1 1ET house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£206,000	£4,508	1
2021	£250,000	£3,425	1
2019	£242,333	£4,265	3
2018	£220,250	£4,750	2
2017	£258,875	£4,316	4
2016	£230,000	£4,694	1
2015	£220,475	£4,468	6
2014	£194,250	£3,475	4
2013	£192,000	£3,148	1
2012	£155,000	£3,581	1
2007	£217,433	£3,649	15
2006	£185,731	£3,439	27

All the Sales in the MERCHANTS PLACE, RG1 1ET

See the table below for more details on the sold house prices in the RG1 1ET, Reading postcode.

Address	Sold Date	Price	% Change
FLAT 34, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 45.7 Sq.mtrAge: 2003-2006	04 Mar 2022	£206,000	14.44%
	19 Jan 2007	£180,000	First Sale
FLAT 21, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 73 Sq.mtrAge: 2003-2006	16 Feb 2021	£250,000	11.11%
	21 Mar 2007	£225,000	First Sale
FLAT 19, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 48 Sq.mtrAge: 2003-2006	11 Oct 2019	£208,000	27.61%
	20 Nov 2006	£163,000	First Sale
FLAT 32, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 59.75 Sq.mtrAge: 2003-2006	23 Sep 2019	£259,000	15.11%
	13 Mar 2007	£225,000	First Sale
FLAT 12, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 63 Sq.mtrAge: 2003-2006	11 Feb 2019	£260,000	23.28%
	22 Nov 2006	£210,900	First Sale
FLAT 45, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 44.4 Sq.mtrAge: 1996-2002	27 Mar 2018	£218,500	17.47%
	01 Dec 2006	£186,000	18.66%
	27 Nov 2006	£156,750	First Sale
FLAT 20, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 48.474 Sq.mtrAge: 1991-1995	12 Jan 2018	£222,000	First Sale
FLAT 22, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 61.33 Sq.mtrAge: 2003-2006	21 Jul 2017	£280,000	40.00%
	31 Jan 2014	£200,000	-1.48%
	04 Dec 2006	£203,000	First Sale
FLAT 28, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 68 Sq.mtrAge: 2003-2006	13 Apr 2017	£280,000	24.44%
	05 Dec 2006	£225,000	First Sale
FLAT 44, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 54.68 Sq.mtrAge: 2003-2006	08 Mar 2017	£233,000	33.91%
	21 Dec 2006	£174,000	First Sale
FLAT 14, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 56.13 Sq.mtrAge: 2003-2006	04 Jan 2017	£242,500	45.21%
	24 Nov 2006	£167,000	First Sale
FLAT 24, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 49 Sq.mtrAge: 2003-2006	30 Mar 2016	£230,000	36.09%
	07 Dec 2006	£169,000	First Sale
FLAT 26, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 69 Sq.mtrAge: 2003-2006	09 Dec 2015	£285,000	21.28%
	16 Feb 2007	£235,000	First Sale
FLAT 29, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 47 Sq.mtrAge: 2003-2006	13 Nov 2015	£224,950	27.09%
	21 Dec 2006	£177,000	First Sale
FLAT 35, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 49 Sq.mtrAge: 1996-2002	02 Oct 2015	£218,000	21.11%
	15 Dec 2006	£180,000	First Sale
FLAT 9, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 50 Sq.mtrAge: 2003-2006	09 Jul 2015	£209,900	24.94%
	27 Nov 2006	£168,000	First Sale
FLAT 1, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 37 Sq.mtrAge: 2003-2006	18 Mar 2015	£210,000	47.37%
	27 Nov 2006	£142,500	First Sale
FLAT 2, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 49 Sq.mtrAge: 2003-2006	18 Mar 2015	£175,000	11.64%
	27 Nov 2006	£156,750	First Sale
FLAT 40, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 47.88 Sq.mtrAge: 2007 onwards	22 Aug 2014	£185,000	0.0
	05 Jan 2007	£185,000	First Sale
FLAT 15, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 48 Sq.mtrAge: 2003-2006	29 Apr 2014	£172,000	1.18%
	05 Dec 2006	£170,000	First Sale
FLAT 31, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 68.9 Sq.mtrAge: 2003-2006	14 Mar 2014	£220,000	First Sale
FLAT 27, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 61 Sq.mtrAge: 1996-2002	29 Aug 2013	£192,000	-10.70%
	06 Dec 2006	£215,000	First Sale
FLAT 39, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 43.28 Sq.mtrAge: 1996-2002	18 May 2012	£155,000	-16.22%
	22 Jan 2007	£185,000	First Sale
FLAT 41, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 69 Sq.mtrAge: 2003-2006	02 May 2007	£235,000	First Sale
FLAT 36, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 46 Sq.mtrAge: 2003-2006	13 Apr 2007	£230,000	First Sale
FLAT 37, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 60 Sq.mtrAge: 2003-2006	21 Mar 2007	£220,000	First Sale
FLAT 10, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 69 Sq.mtrAge: 2003-2006	16 Mar 2007	£222,500	First Sale
FLAT 16, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 68 Sq.mtrAge: 2003-2006	16 Feb 2007	£227,500	First Sale
FLAT 42, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 54 Sq.mtrAge: 1991-1995	12 Feb 2007	£225,000	First Sale
FLAT 18, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 67.9 Sq.mtrAge: 2003-2006	15 Jan 2007	£212,000	First Sale
FLAT 11, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 65.77 Sq.mtrAge: 2003-2006	10 Jan 2007	£199,500	First Sale
FLAT 5, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 74.09 Sq.mtrAge: 2003-2006	05 Jan 2007	£255,000	First Sale
FLAT 23, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 67.85 Sq.mtrAge: 2003-2006	20 Dec 2006	£225,000	First Sale
FLAT 33, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 66 Sq.mtrAge: 1996-2002	07 Dec 2006	£224,000	First Sale
FLAT 6, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 60.14 Sq.mtrAge: 2003-2006	01 Dec 2006	£198,500	First Sale
FLAT 25, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 47.46 Sq.mtrAge: 2003-2006	01 Dec 2006	£169,000	First Sale
FLAT 43, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 67.81 Sq.mtr	28 Nov 2006	£220,000	First Sale
FLAT 38, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 70 Sq.mtrAge: 1996-2002	28 Nov 2006	£215,000	First Sale
FLAT 30, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 47.66 Sq.mtrAge: 2007 onwards	27 Nov 2006	£175,000	First Sale
FLAT 17, PROJECTION WEST MERCHANTS PLACEFlat, Leasehold	27 Nov 2006	£207,500	First Sale
FLAT 3, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 38 Sq.mtrAge: 2003-2006	27 Nov 2006	£150,350	First Sale
FLAT 7, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 68.1 Sq.mtrAge: 1996-2002	24 Nov 2006	£205,000	First Sale
FLAT 8, PROJECTION WEST MERCHANTS PLACEFlat, LeaseholdArea: 49 Sq.mtrAge: 1996-2002	23 Nov 2006	£161,500	First Sale

Check out the sold house prices near the RG1 1ET postcode. Properties currently for saleProperties currently for rent

MERCHANTS PLACE, RG1 1ET Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the RG1 1ET postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the RG1 1ET postcode.

Terraced
- The average price is around £196,610 median price is £165,975 Standard Deviation is £148,942 with Total Sold: 696
- The Last 5 Year average price is £399,848 with Total Sold: 97
- The most recent sale happened at this postcode is , 53 SWANSEA ROAD: £300,000 (Sold on 16 Sep 2024)
- The first recorded sale happened at this postcode is , 23 CARDIFF ROAD: £33,000 (Sold on 19 Jan 1995)
Flat
- The average price is around £198,347 median price is £191,562 Standard Deviation is £78,799 with Total Sold: 2,590
- The Last 5 Year average price is £255,620 with Total Sold: 224
- The most recent sale happened at this postcode is 27, MCILROYS BUILDING OXFORD ROAD: £165,000 (Sold on 07 Aug 2024)
- The first recorded sale happened at this postcode is , 52 MALTINGS PLACE: £50,000 (Sold on 09 Feb 1995)
Semi-Detached
- The average price is around £256,554 median price is £196,000 Standard Deviation is £312,249 with Total Sold: 76
- The Last 5 Year average price is £407,771 with Total Sold: 14
- The most recent sale happened at this postcode is , 47 PHILLIPS DRIVE: £410,000 (Sold on 17 Jun 2024)
- The first recorded sale happened at this postcode is , 15 SIMMONDS STREET: £49,000 (Sold on 21 Apr 1995)
Other
- The average price is around £5,427,903 median price is £868,750 Standard Deviation is £13,559,322 with Total Sold: 248
- The Last 5 Year average price is £3,058,738 with Total Sold: 120
- The most recent sale happened at this postcode is , 30 QUEEN VICTORIA STREET: £760,000 (Sold on 03 May 2024)
- The first recorded sale happened at this postcode is , 55 BROAD STREET MALL: £25,000 (Sold on 04 May 2012)
Detached
- The average price is around £481,489 median price is £420,000 Standard Deviation is £256,101 with Total Sold: 28
- The Last 5 Year average price is £521,875 with Total Sold: 8
- The most recent sale happened at this postcode is , 10 CLARENDON ROW: £610,000 (Sold on 28 Jun 2023)
- The first recorded sale happened at this postcode is , 154 FRIAR STREET: £600,000 (Sold on 29 Jan 1998)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£353,667	£5,359	6
2023	£462,892	£4,737	23
2022	£438,152	£5,360	23
2021	£376,652	£4,587	24
2020	£326,717	£4,131	12
2019	£330,994	£4,349	9
2018	£426,314	£4,636	14
2017	£335,466	£4,191	16
2016	£360,122	£4,150	12
2015	£287,239	£3,834	14
2014	£352,850	£3,205	14
2013	£214,024	£2,877	21
2012	£219,715	£2,415	10
2011	£187,711	£2,168	12
2010	£224,570	£2,362	20
2009	£188,980	£2,552	20
2008	£242,409	£2,482	11
2007	£217,676	£3,594	26
2006	£185,883	£2,409	23
2005	£175,170	£2,344	28
2004	£174,968	£2,318	38
2003	£165,465	£2,069	39
2002	£147,966	£2,024	19
2001	£119,097	£1,614	38
2000	£129,193	£1,579	51
1999	£102,305	£1,196	29
1998	£75,313	£1,181	38
1997	£61,517	£832	29
1996	£51,550	£773	48
1995	£55,189	£712	29

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£226,333	£4,467	15
2023	£261,733	£4,503	45
2022	£252,958	£4,577	40
2021	£254,239	£4,380	38
2020	£266,871	£4,489	31
2019	£255,154	£4,606	55
2018	£252,990	£5,000	98
2017	£269,587	£5,312	166
2016	£238,609	£5,109	374
2015	£200,008	£3,629	275
2014	£202,475	£3,502	99
2013	£191,316	£3,223	70
2012	£180,354	£3,039	42
2011	£185,192	£3,249	39
2010	£178,857	£2,958	78
2009	£180,190	£2,942	185
2008	£190,964	£3,055	47
2007	£188,249	£3,449	118
2006	£175,524	£3,232	119
2005	£154,672	£3,016	57
2004	£176,659	£2,946	78
2003	£202,457	£3,283	125
2002	£229,341	£3,653	80
2001	£117,965	£2,540	52
2000	£123,809	£2,294	54
1999	£84,380	£1,606	35
1998	£92,413	£1,550	73
1997	£64,828	£1,202	55
1996	£58,642	£960	18
1995	£58,100	£1,027	29

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£472,000	£10,305	2
2023	£370,000	£4,714	2
2022	£414,978	£5,276	9
2019	£290,000	£4,603	1
2018	£389,000	£6,726	2
2017	£330,000	£4,925	1
2011	£217,500	£3,387	2
2010	£295,000	£3,022	2
2009	£195,000	£2,781	1
2007	£200,500	£2,608	4
2006	£216,992	£2,790	6
2005	£215,000	£2,291	2
2004	£162,825	£1,990	6
2003	£239,500		1
2002	£250,188	£1,931	8
2001	£107,500	£1,627	2
2000	£144,000	£3,647	3
1999	£198,317	£1,566	3
1998	£376,272	£1,708	9
1997	£197,125	£785	4
1996	£54,833	£739	3
1995	£42,667	£721	3

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£2,261,830		5
2023	£2,700,880	£28,892	22
2022	£3,034,095	£17,117	30
2021	£5,049,499	£5,593	28
2020	£693,072		12
2019	£2,417,145	£5,332	23
2018	£9,758,702	£8,855	26
2017	£6,092,463	£2,445	42
2016	£2,709,166		18
2015	£8,367,671		21
2014	£13,897,090		17
2013	£2,900,000		3
2012	£25,000		1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£562,500	£4,881	2
2022	£525,000	£5,222	5
2021	£425,000		1
2017	£303,500	£4,742	1
2016	£402,500		1
2007	£311,650	£3,389	3
2006	£288,750		2
2005	£410,000		1
2004	£1,075,000		1
2002	£545,000		2
2001	£259,250	£2,453	4
2000	£1,225,000		1
1999	£960,000		1
1998	£430,417		3

House Type in RG1 1ET area

The most common house types in the RG1 1ET postcode area are Flat (197), commercial building (8), and converted building (6).

Total	212
Flat	197
commercial building	8
converted building	6
Shared house	1
Detached	0
Semi-detached	0
Terraced	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (164), and Social rented: Other social rented (18).

Private rented: Private landlord or letting agency	164
Social rented: Other social rented	18
Owned: Owns with a mortgage or loan	16
Shared ownership: Shared ownership	11
Owned: Owns outright	5
Private rented: Other private rented	2
Does not apply	0
Social rented: Rents from council or Local Authority	0
Lives rent free	0

Number of People in a Household

The most houses in the RG1 1ET have 1 person in household (91), and 2 people in household (87).

1 person in household	91
2 people in household	87
3 people in household	21
4 people in household	12
6 people in household	1
0 people in household	0
5 people in household	0
7 people in household	0
8 or more people in household	0