According to the public record, 2, Newlands Close, Reading is a modern house with 1,388 ft2 of internal area and sits on a 277 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Newlands Close, Shinfield, Reading, RG2 is located within the RG2 postal district.
2, Newlands Close, 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 2 Newlands Close Reading as £524,094 and the rental value as £2,237 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 2 Newlands Close Reading has decreased by £11,208 (2.1%) and its rental value has increased by £52 per month (2.3%).
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, Newlands Close, Reading is in very good condition we estimate a sale value of £550,299 and rental value of £2,348 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £487,408 and a rental value of £2,080 per month.
If you were able to purchase this property for the estimated value of £524,094, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,576 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, 2, Newlands Close, Reading sits on a plot of 277m2.
We have plot size data on 25 out of 26 other houses in the postcode and 2, Newlands Close, Reading sits on the 7th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Newlands Close, Reading within a radius of 99m over the last 2 years.
The most recent example is 31, Newlands Close, Reading, RG2 9LG, a Freehold house which sold for £560,000 in Apr 2022.
Read more about house prices in RG2.
Newlands Close, Shinfield, Reading, RG2 has a total of 26 addresses. According to our analysis of all the public data, 2, Newlands Close, Reading is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £157k more expensive than the average property in RG2.
2, Newlands Close, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 21 Oct 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 2, Newlands Close, Reading is Reading Green Park station which is 3.8 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 2, Newlands Close, Reading, 61.4% of property is privately owned with a mortgage and 16.0% 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, Newlands Close, Reading, 21.6% of residents are recorded as possessing school level qualifications and 51.4% 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 2, Newlands Close, Reading, the average age was 37.1 and the most common age was 42.
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, Newlands Close, Reading, 0.5% 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, Newlands Close, 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.