According to the public record, 34, Groves Lea, Reading is a mid-century freehold house with 452 ft2 of internal area and sits on a 135 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Groves Lea, Mortimer, Reading, RG7 is located within the RG7 postal district.
34, Groves Lea, Reading has 31 entries in the Land Registry database, most recently in August 2019 and a single entry in the EPC database dated April 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 34 Groves Lea Reading as £303,394 and the rental value as £1,176 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 34 Groves Lea Reading has decreased by £541 (0.2%) and its rental value has increased by £62 per month (5.2%).
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 34, Groves Lea, Reading is in very good condition we estimate a sale value of £318,564 and rental value of £1,235 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £282,157 and a rental value of £1,094 per month.
If you were able to purchase this property for the estimated value of £303,394, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,491 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, 34, Groves Lea, Reading sits on a plot of 135m2.
We have plot size data on 4 out of 11 other houses in the postcode and 34, Groves Lea, Reading sits on the 6th largest plot.
According to HM Land Registry, 34, Groves Lea, Reading was last sold on 02 Aug 2019 for £250,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Aug 2019, the market for similar properties has risen 15.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 34, Groves Lea, Reading within a radius of 1.7 kilometres over the last 2 years.
The most recent example is 21A, Croft Road, Reading, RG7 3TS, a Freehold house which sold for £315,000 in Nov 2011.
Read more about house prices in RG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Groves Lea, Mortimer, Reading, RG7 has a total of 62 addresses. According to our analysis of all the public data, 34, Groves Lea, Reading is the 54th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £221k less expensive than the average property in RG7.
34, Groves Lea, Reading has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Apr 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 34, Groves Lea, Reading is Mortimer station which is 2.5 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 34, Groves Lea, Reading, 42.3% of property is privately owned outright and 34.2% 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 34, Groves Lea, Reading, 16.0% of residents are recorded as possessing school level qualifications and 36.1% 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 34, Groves Lea, Reading, the average age was 42.7 and the most common age was 47.
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 34, Groves Lea, Reading, 2.2% 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 34, Groves Lea, 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.