According to the public record, 2, Picketts Lane, Reading is a mid-century freehold house with 1,453 ft2 of internal area and sits on a 404 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Picketts Lane, Pangbourne, Reading, RG8 is located within the RG8 postal district.
2, Picketts Lane, Reading has 21 entries in the Land Registry database, most recently in December 2015 and a single entry in the EPC database dated July 2014.
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 2 Picketts Lane Reading as £516,687 and the rental value as £2,215 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 2 Picketts Lane Reading has decreased by £9,742 (1.9%) and its rental value has increased by £78 per month (3.5%).
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, Picketts Lane, Reading is in very good condition we estimate a sale value of £542,521 and rental value of £2,326 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £480,519 and a rental value of £2,060 per month.
If you were able to purchase this property for the estimated value of £516,687, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,539 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, Picketts Lane, Reading sits on a plot of 404m2.
We have plot size data on 5 out of 6 other houses in the postcode and 2, Picketts Lane, Reading sits on the 4th largest plot.
According to HM Land Registry, 2, Picketts Lane, Reading was last sold on 18 Dec 2015 for £385,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2015, the market for similar properties has risen 17.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Picketts Lane, Reading within a radius of 2.7 kilometres over the last 2 years.
The most recent example is 16, Wakemans, Reading, RG8 8JE, a Freehold house which sold for £461,500 in Jun 2023.
Read more about house prices in RG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Picketts Lane, Pangbourne, Reading, RG8 has a total of 6 addresses. According to our analysis of all the public data, 2, Picketts Lane, Reading is the largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £200k less expensive than the average property in RG8.
2, Picketts Lane, Reading has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Jul 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to 2, Picketts Lane, Reading is Pangbourne station which is 2.1 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 2, Picketts Lane, Reading, 40.5% of property is privately rented and 32.8% 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, Picketts Lane, Reading, 47.5% of residents are recorded as possessing school level qualifications and 42.9% 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 2, Picketts Lane, Reading, the average age was 43.7 and the most common age was 57.
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, Picketts Lane, Reading, 2.3% 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, Picketts Lane, 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.