According to the public record, 2 Pennycroft Cottages, Reading is a period freehold house with 1,270 ft2 of internal area and sits on a 780 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Upper Basildon, Reading, RG8 is located within the RG8 postal district.
2 Pennycroft Cottages, Reading has 21 entries in the Land Registry database, most recently in December 2022 and a single entry in the EPC database dated September 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 Pennycroft Cottages Reading as £673,951 and the rental value as £2,410 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 2 Pennycroft Cottages Reading has decreased by £11,147 (1.7%) and its rental value has increased by £91 per month (3.8%).
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 Pennycroft Cottages, Reading is in very good condition we estimate a sale value of £707,649 and rental value of £2,530 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £626,775 and a rental value of £2,241 per month.
If you were able to purchase this property for the estimated value of £673,951, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,312 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 Pennycroft Cottages, Reading sits on a plot of 780m2.
We have plot size data on 2 out of 4 other houses in the postcode and 2 Pennycroft Cottages, Reading sits on the 2nd largest plot.
According to HM Land Registry, 2 Pennycroft Cottages, Reading was last sold on 13 Dec 2022 for £670,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2022, the market for similar properties has dropped 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Pennycroft Cottages, Reading within a radius of 3.0 kilometres over the last 2 years.
The most recent example is 14, Morrison Close, Reading, RG8 8LL, a Freehold house which sold for £508,000 in Jun 2021.
Read more about house prices in RG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Upper Basildon, Reading, RG8 has a total of 54 addresses. According to our analysis of all the public data, 2 Pennycroft Cottages, Reading is the 48th largest and the 50th most expensive property on the street.
When compared to the postcode district it is £43k less expensive than the average property in RG8.
2 Pennycroft Cottages, Reading has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Sep 2023.
The property is not connected to mains gas and has full secondary glazing. It is heated using an electric air source heat pump and radiators.
The closest station to 2 Pennycroft Cottages, Reading is Pangbourne station which is 2.4 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 Pennycroft Cottages, Reading, 38.7% of property is privately owned with a mortgage and 27.7% 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 Pennycroft Cottages, Reading, 13.3% of residents are recorded as possessing school level qualifications and 55.9% 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 Pennycroft Cottages, 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 Pennycroft Cottages, Reading, 1.5% 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 Pennycroft Cottages, Reading, there are an average of 1.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.