According to the public record, 2, The Ridgeway, Reading is a mid-century freehold house with 1,291 ft2 of internal area and sits on a 738 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
The Ridgeway, Woodley, Reading, RG5 is located within the RG5 postal district.
2, The Ridgeway, Reading has a single entry in the Land Registry database from June 2017 and a single entry in the EPC database dated July 2016.
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 Ridgeway Reading as £626,174 and the rental value as £1,943 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 2 The Ridgeway Reading has decreased by £11,289 (1.8%) and its rental value has increased by £48 per month (2.5%).
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, The Ridgeway, Reading is in very good condition we estimate a sale value of £657,483 and rental value of £2,040 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £582,342 and a rental value of £1,807 per month.
If you were able to purchase this property for the estimated value of £626,174, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,077 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, The Ridgeway, Reading sits on a plot of 738m2.
We have plot size data on 11 out of 22 other houses in the postcode and 2, The Ridgeway, Reading sits on the 6th largest plot.
According to HM Land Registry, 2, The Ridgeway, Reading was last sold on 16 Jun 2017 for £570,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2017, the market for similar properties has risen 13.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, The Ridgeway, Reading within a radius of 620 metres over the last 2 years.
The most recent example is 38, Colemans Moor Road, Reading, RG5 4DN, a Freehold house which sold for £670,000 in May 2023.
Read more about house prices in RG5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Ridgeway, Woodley, Reading, RG5 has a total of 23 addresses. According to our analysis of all the public data, 2, The Ridgeway, Reading is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £182k more expensive than the average property in RG5.
2, The Ridgeway, Reading has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 08 Jul 2016.
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 Ridgeway, Reading is Winnersh Triangle station which is 900 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, The Ridgeway, Reading, 46.8% of property is privately owned outright and 33.9% is privately owned with a mortgage.
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 Ridgeway, Reading, 22.4% of residents are recorded as possessing school level qualifications and 36.0% 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, The Ridgeway, Reading, the average age was 40.3 and the most common age was 7.
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 Ridgeway, 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, The Ridgeway, Reading, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.