According to the public record, 1, Omers Rise, Reading is a mid-century freehold house with 764 ft2 of internal area and sits on a 320 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Omers Rise, Burghfield Common, Reading, RG7 is located within the RG7 postal district.
1, Omers Rise, Reading has a single entry in the Land Registry database from April 2023 and a single entry in the EPC database dated January 2023.
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 Omers Rise Reading as £302,335 and the rental value as £1,431 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 1 Omers Rise Reading has decreased by £1,176 (0.4%) and its rental value has increased by £79 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, Omers Rise, Reading is in very good condition we estimate a sale value of £317,451 and rental value of £1,503 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £281,171 and a rental value of £1,331 per month.
If you were able to purchase this property for the estimated value of £302,335, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,486 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, Omers Rise, Reading sits on a plot of 320m2.
We have plot size data on 8 out of 30 other houses in the postcode and 1, Omers Rise, Reading sits on the 2nd largest plot.
According to HM Land Registry, 1, Omers Rise, Reading was last sold on 03 Apr 2023 for £307,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2023, the market for similar properties has dropped 2.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Omers Rise, Reading within a radius of 830 metres over the last 2 years.
The most recent example is 46, Omers Rise, Reading, RG7 3HJ, a Freehold house which sold for £255,000 in Jan 2020.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Omers Rise, Burghfield Common, Reading, RG7 has a total of 102 addresses. According to our analysis of all the public data, 1, Omers Rise, Reading is the 47th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £222k less expensive than the average property in RG7.
1, Omers Rise, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Jan 2023.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Omers Rise, Reading is Theale station which is 3.7 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, Omers Rise, Reading, 43.3% of property is socially rented and 22.3% 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, Omers Rise, Reading, 24.6% of residents are recorded as possessing school level qualifications and 23.4% 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, Omers Rise, Reading, the average age was 40.5 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, Omers Rise, 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, Omers Rise, Reading, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.