According to the public record, 1, Farmers Close, Reading is a mid-century freehold house and with 1,044 ft2 of internal area and sits on a 236 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Farmers Close, Reading, RG2 is located within the RG2 postal district.
1, Farmers Close, Reading has a single entry in the Land Registry database from July 2016 and a single entry in the EPC database dated February 2016.
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 reasonable condition, we estimate the current sale value for 1 Farmers Close Reading as £321,274 and the rental value as £1,539 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 1 Farmers Close Reading has decreased by £932 (0.3%) and its rental value has increased by £85 per month (5.5%).
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, Farmers Close, Reading is in very good condition we estimate a sale value of £337,338 and rental value of £1,616 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £298,785 and a rental value of £1,431 per month.
If you were able to purchase this property for the estimated value of £321,274, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,579 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, Farmers Close, Reading sits on a plot of 236m2.
We have plot size data on 16 out of 44 other houses in the postcode and 1, Farmers Close, Reading sits on the 2nd largest plot.
According to HM Land Registry, 1, Farmers Close, Reading was last sold on 15 Jul 2016 for £315,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2016, the market for similar properties has risen 10.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Farmers Close, Reading within a radius of 338m over the last 2 years.
The most recent example is 10, Drewett Close, Reading, RG2 8PZ, a Freehold house which sold for £305,000 in Sep 2021.
Read more about house prices in RG2.
Farmers Close, Reading, RG2 has a total of 44 addresses. According to our analysis of all the public data, 1, Farmers Close, Reading is the 10th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £46k less expensive than the average property in RG2.
1, Farmers Close, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Feb 2016.
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, Farmers Close, Reading is Reading Green Park station which is 2.8 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, Farmers Close, Reading, 58.2% of property is socially rented and 22.1% 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, Farmers Close, Reading, 28.1% of residents are recorded as possessing school level qualifications and 17.9% 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, Farmers Close, Reading, the average age was 37.7 and the most common age was 37.
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, Farmers Close, Reading, 1.1% 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, Farmers Close, Reading, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.