According to the public record, 14, Lance Way, Reading is a modern house with 893 ft2 of internal area and sits on a 171 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lance Way, Arborfield Green, Reading, RG2 is located within the RG2 postal district.
14, Lance Way, Reading has no records in the Land Registry database and a single entry in the EPC database dated October 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 good condition, we estimate the current sale value for 14 Lance Way Reading as £470,105 and the rental value as £1,978 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 14 Lance Way Reading has increased by £3,415 (0.7%) and its rental value has increased by £90 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 14, Lance Way, Reading is in very good condition we estimate a sale value of £493,610 and rental value of £2,077 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £437,197 and a rental value of £1,839 per month.
If you were able to purchase this property for the estimated value of £470,105, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,310 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, 14, Lance Way, Reading sits on a plot of 171m2.
We have plot size data on 21 out of 22 other houses in the postcode and 14, Lance Way, Reading sits on the 18th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14, Lance Way, Reading within a radius of 213m over the last 2 years.
The most recent example is 3, Weaver Avenue, Reading, RG2 9TR, a Freehold house which sold for £405,000 in May 2023.
Read more about house prices in RG2.
Lance Way, Arborfield Green, Reading, RG2 has a total of 29 addresses. According to our analysis of all the public data, 14, Lance Way, Reading is the 22nd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £103k more expensive than the average property in RG2.
14, Lance Way, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Oct 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to 14, Lance Way, Reading is Wokingham station which is 5.0 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 14, Lance Way, Reading, 52.5% of property is privately owned with a mortgage and 38.3% 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 14, Lance Way, Reading, 19.2% of residents are recorded as possessing school level qualifications and 40.6% 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 14, Lance Way, Reading, the average age was 37 and the most common age was 12.
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 14, Lance 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 14, Lance Way, Reading, there are an average of 1.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.