According to the public record, 3, Lorimer Grove, Reading is a modern freehold house and with 1,130 ft2 of internal area and sits on a 208 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Lorimer Grove, Arborfield Green, Reading, RG2 is located within the RG2 postal district.
3, Lorimer Grove, Reading has a single entry in the Land Registry database from April 2019 and a single entry in the EPC database dated December 2017.
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 3 Lorimer Grove Reading as £521,566 and the rental value as £2,186 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 3 Lorimer Grove Reading has decreased by £6,058 (1.2%) and its rental value has increased by £52 per month (2.4%).
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 3, Lorimer Grove, Reading is in very good condition we estimate a sale value of £547,644 and rental value of £2,296 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £485,056 and a rental value of £2,033 per month.
If you were able to purchase this property for the estimated value of £521,566, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,563 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, 3, Lorimer Grove, Reading sits on a plot of 208m2.
We have plot size data on 7 out of 7 other houses in the postcode and 3, Lorimer Grove, Reading sits on the 5th largest plot.
According to HM Land Registry, 3, Lorimer Grove, Reading was last sold on 26 Apr 2019 for £475,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2019, 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 3, Lorimer Grove, Reading within a radius of 35m over the last 2 years.
The most recent example is 8, Milliner Grove, Reading, RG2 9TQ, a Freehold house which sold for £530,000 in Jan 2024.
Read more about house prices in RG2.
Lorimer Grove, Arborfield Green, Reading, RG2 has a total of 7 addresses. According to our analysis of all the public data, 3, Lorimer Grove, Reading is the 6th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £155k more expensive than the average property in RG2.
3, Lorimer Grove, Reading has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Dec 2017.
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 3, Lorimer Grove, Reading is Wokingham station which is 5.3 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 3, Lorimer Grove, Reading, 70.3% of property is socially rented and 10.8% 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 3, Lorimer Grove, Reading, 29.3% of residents are recorded as possessing school level qualifications and 21.9% 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 3, Lorimer Grove, Reading, the average age was 37 and the most common age was 12.
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 3, Lorimer Grove, Reading, 0.0% 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 3, Lorimer Grove, Reading, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.