According to the public record, 1, Alder Grove, Reading is a modern freehold house and with 1,356 ft2 of internal area and sits on a 288 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Alder Grove, Shinfield, Reading, RG2 is located within the RG2 postal district.
1, Alder Grove, Reading has a single entry in the Land Registry database from December 2021 and a single entry in the EPC database dated November 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for 1 Alder Grove Reading as £556,255 and the rental value as £2,257 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 1 Alder Grove Reading has decreased by £11,896 (2.1%) and its rental value has increased by £53 per month (2.3%).
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, Alder Grove, Reading is in very good condition we estimate a sale value of £584,068 and rental value of £2,370 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £517,317 and a rental value of £2,099 per month.
If you were able to purchase this property for the estimated value of £556,255, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,734 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, Alder Grove, Reading sits on a plot of 288m2.
We have plot size data on 45 out of 48 other houses in the postcode and 1, Alder Grove, Reading sits on the 8th largest plot.
According to HM Land Registry, 1, Alder Grove, Reading was last sold on 02 Dec 2021 for £585,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2021, the market for similar properties has dropped 1.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Alder Grove, Reading within a radius of 56m over the last 2 years.
The most recent example is 17, Alder Grove, Reading, RG2 9RA, a Freehold house which sold for £595,000 in Apr 2022.
Read more about house prices in RG2.
Alder Grove, Shinfield, Reading, RG2 has a total of 48 addresses. According to our analysis of all the public data, 1, Alder Grove, Reading is the 6th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £189k more expensive than the average property in RG2.
1, Alder Grove, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Nov 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 1, Alder Grove, Reading is Reading Green Park station which is 3.9 km 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, Alder Grove, Reading, 53.2% of property is privately owned with a mortgage and 20.3% is privately rented.
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, Alder Grove, Reading, 24.4% of residents are recorded as possessing school level qualifications and 55.4% 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, Alder Grove, Reading, the average age was 37.1 and the most common age was 42.
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, Alder Grove, Reading, 0.0% 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, Alder Grove, Reading, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.