According to the public record, 2, Larch Drive, Reading is a mid-century apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Larch Drive, Woodley, Reading, RG5 is located within the RG5 postal district.
2, Larch Drive, Reading has no recent1 records in the Land Registry database and a single entry in the EPC database dated March 2015.
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 2 Larch Drive Reading as £247,039 and the rental value as £1,111 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 2 Larch Drive Reading has decreased by £180 (0.1%) and its rental value has increased by £50 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 2, Larch Drive, Reading is in very good condition we estimate a sale value of £259,391 and rental value of £1,166 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £229,747 and a rental value of £1,033 per month.
If you were able to purchase this property for the estimated value of £247,039, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,214 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 HM Land Registry, 2, Larch Drive, Reading was last sold on 15 Dec 2003 for £132,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Larch Drive, Reading within a radius of 550 metres over the last 2 years.
The most recent example is 7, Larch Drive, Reading, RG5 3LW, a Leasehold flat which sold for £289,950 in Feb 2024.
Read more about house prices in RG5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Larch Drive, Woodley, Reading, RG5 has a total of 38 addresses. According to our analysis of all the public data, 2, Larch Drive, Reading is the 16th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £197k less expensive than the average property in RG5.
2, Larch Drive, Reading has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 30 Mar 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric heaters.
The closest station to 2, Larch Drive, Reading is Earley station which is 800 metres 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 2, Larch Drive, Reading, 41.1% of property is privately owned with a mortgage and 28.4% is privately owned outright.
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 2, Larch Drive, Reading, 17.4% of residents are recorded as possessing school level qualifications and 41.0% 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 2, Larch Drive, Reading, the average age was 41.1 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 2, Larch Drive, Reading, 0.3% 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 2, Larch Drive, Reading, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.