According to the public record, 2, The Old Lane, Reading is a modern leasehold house with 613 ft2 of internal area.
Houses of this size in this area normally have 2 bedrooms with a garden.
The Old Lane, Reading, RG1 is located within the RG1 postal district.
2, The Old Lane, Reading has 41 entries in the Land Registry database, most recently in March 2024 and a single entry in the EPC database dated October 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 2 The Old Lane Reading as £281,343 and the rental value as £1,302 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 2 The Old Lane Reading has decreased by £4,453 (1.6%) and its rental value has increased by £54 per month (4.1%).
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, The Old Lane, Reading is in very good condition we estimate a sale value of £295,410 and rental value of £1,367 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £261,649 and a rental value of £1,211 per month.
If you were able to purchase this property for the estimated value of £281,343, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,383 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, The Old Lane, Reading was last sold on 28 Mar 2024 for £280,000 and was recorded as a leasehold house.
The property has had 4 sales since 1995.
Since Mar 2024, the market for similar properties has dropped 1.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, The Old Lane, Reading within a radius of 630 metres over the last 2 years.
The most recent example is 17, Yew Lane, Reading, RG1 6DA, a Leasehold house which sold for £335,000 in Feb 2024.
Read more about house prices in RG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Old Lane, Reading, RG1 has a total of 10 addresses. According to our analysis of all the public data, 2, The Old Lane, Reading is the 7th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £15k less expensive than the average property in RG1.
2, The Old Lane, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Oct 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2, The Old Lane, Reading is Reading West station which is 1.4 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, The Old Lane, Reading, 41.8% of property is privately owned with a mortgage and 33.6% 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, The Old Lane, Reading, 10.9% of residents are recorded as possessing school level qualifications and 52.7% 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, The Old Lane, Reading, the average age was 37.7 and the most common age was 32.
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, The Old Lane, Reading, 0.7% 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, The Old Lane, Reading, there are an average of 1.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.