According to the public record, 1 Mays Hill Cottages, Reading is a period house with 882 ft2 of internal area and sits on a 250,113 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Beech Hill Road, Spencers Wood, Reading, RG7 is located within the RG7 postal district.
1 Mays Hill Cottages, Reading has no records in the Land Registry database and a single entry in the EPC database dated September 2020.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Mays Hill Cottages Reading as £504,275 and the rental value as £1,705 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 1 Mays Hill Cottages Reading has decreased by £5,451 (1.1%) and its rental value has increased by £77 per month (4.5%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1 Mays Hill Cottages, Reading is in very good condition we estimate a sale value of £529,488 and rental value of £1,791 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £468,975 and a rental value of £1,586 per month.
If you were able to purchase this property for the estimated value of £504,275, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,478 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1 Mays Hill Cottages, Reading sits on a plot of 250113m2.
We have plot size data on 3 out of 3 other houses in the postcode and 1 Mays Hill Cottages, Reading sits on the largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Mays Hill Cottages, Reading within a radius of 2.4 kilometres over the last 2 years.
The most recent example is 11, Elisha Close, Reading, RG7 1ZG, a Freehold house which sold for £502,500 in Oct 2022.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Beech Hill Road, Spencers Wood, Reading, RG7 has a total of 34 addresses. According to our analysis of all the public data, 1 Mays Hill Cottages, Reading is the 33rd largest and the 31st most expensive property on the street.
When compared to the postcode district it is £20k less expensive than the average property in RG7.
1 Mays Hill Cottages, Reading has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Sep 2020.
The property is not connected to mains gas and has partial double glazing. It is heated using an oil fired boiler and radiators.
The closest station to 1 Mays Hill Cottages, Reading is Mortimer station which is 3.2 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1 Mays Hill Cottages, Reading, 40.7% of property is privately owned outright and 35.8% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1 Mays Hill Cottages, Reading, 17.0% of residents are recorded as possessing school level qualifications and 45.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1 Mays Hill Cottages, Reading, the average age was 42.7 and the most common age was 47.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1 Mays Hill Cottages, Reading, 1.3% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1 Mays Hill Cottages, Reading, there are an average of 1.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.