According to the public record, 1, Downs Way, Reading is a mid-century house with 1,302 ft2 of internal area and sits on a 251 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Downs Way, Tilehurst, Reading, RG31 is located within the RG31 postal district.
1, Downs Way, Reading has no records in the Land Registry database and a single entry in the EPC database dated June 2023.
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 Downs Way Reading as £508,799 and the rental value as £2,142 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 1 Downs Way Reading has decreased by £15,235 (3.0%) and its rental value has increased by £66 per month (3.1%).
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, Downs Way, Reading is in very good condition we estimate a sale value of £534,239 and rental value of £2,249 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £473,183 and a rental value of £1,992 per month.
If you were able to purchase this property for the estimated value of £508,799, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,501 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, Downs Way, Reading sits on a plot of 251m2.
We have plot size data on 2 out of 6 other houses in the postcode and 1, Downs Way, 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, Downs Way, Reading within a radius of 600 metres over the last 2 years.
The most recent example is 89, Cotswold Way, Reading, RG31 6SR, a Freehold house which sold for £525,000 in Sep 2023.
Read more about house prices in RG31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Downs Way, Tilehurst, Reading, RG31 has a total of 6 addresses. According to our analysis of all the public data, 1, Downs Way, Reading is the largest and the most expensive property on the street.
When compared to the postcode district it is £78k more expensive than the average property in RG31.
1, Downs Way, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Jun 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Downs Way, Reading is Tilehurst station which is 1.4 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, Downs Way, Reading, 52.3% of property is privately owned outright and 38.7% 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, Downs Way, Reading, 19.3% of residents are recorded as possessing school level qualifications and 24.0% 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, Downs Way, Reading, the average age was 43.5 and the most common age was 52.
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, Downs Way, 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, Downs Way, 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.